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Medium Duty Truck Market Share

  • Report ID: GMI6658
  • Published Date: Sep 2023
  • Report Format: PDF
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Medium Duty Truck Market Share

Ford Motor Company and Mercedes-Benz Group AG are the major companies operating in the medium duty truck industry with a combined market share of over 30%. The medium-duty truck industry is dynamic and influenced by various factors such as technological advancements, regulatory changes, and market trends. These companies focus on introducing new & improved medium-duty truck models with advanced features, better fuel efficiency, and enhanced safety measures that can attract customers and create a competitive advantage.

The market is also witnessing an increasing adoption of electric medium duty trucks, encouraging companies operating in this market to launch innovative electric medium duty trucks.
 

Medium Duty Truck Market Companies

Major companies operating in the medium-duty truck industry are:

  • Ashok Leyland Limited
  • BharatBenz
  • Eicher Motor Limited
  • Ford Motor Company
  • General Motors
  • Hino Motors, Ltd.
  • ISUZU MOTORS
  • Mercedes-Benz Group AG
  • PACCAR Inc
  • Tata Motors Limited
  • Traton Group
     
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of medium-duty truck reached USD 51.8 billion in 2023 and is set to witness 5.6% CAGR from 2024 to 2032, led by the rise in e-commerce.

The freight & logistics segment recorded a market share of over 45% in 2023, due to escalating e-commerce activities and global trade.

Asia Pacific market held a revenue share of 45% in 2023, owing to factors such as rapid urbanization and industrialization.

Ashok Leyland Limited, BharatBenz, Daimler Trucks, Eicher Motors Limited, Ford, Freightliner, Isuzu Motors, Kenworth, Navistar, Peterbilt, SCANIA AB, Tata Motors Limited, and Hino Motors.

Medium-duty Truck Market Scope

  • Medium-duty Truck Market Size
  • Medium-duty Truck Market Trends
  • Medium-duty Truck Market Analysis
  • Medium-duty Truck Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 13
    • Tables & Figures: 324
    • Countries covered: 20
    • Pages: 250
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