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Trucks Market Share

Report ID: GMI6781
Published Date: Sep 2023
Report Format: PDF

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Trucks Market Share

Major players operating in the trucks market are

Scania
Daimler Cars
TuSimple, Inc.
Hino Carss
Waymo (Alphabet Inc.)
Tesla
AB Volvo
PACCAR Inc.
Navistar, Inc.
Embark Carss, Inc.
PlusAI, Inc.
Kodiak Robotics

These major players are emphasizing strategic partnerships, launching new products, and investing significantly in research to drive market expansion. They intend to introduce innovative products and generate substantial market revenue through effective commercialization efforts.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The trucks industry value was USD 7.6 trillion in 2022 and is anticipated to register around 9.1% CAGR between 2023 and 2032.

The light-duty segment accounted for over 85% of the market share in 2022 and is projected to grow by 2032 owing to the collaborations among automotive companies to produce efficient, eco-friendly, and cost-effective light-duty trucks.

Asia Pacific trucks market had a major share of over 55% in 2022 and is expected to grow by 2032 due to the technological advancements in China's truck manufacturing sector by offering innovative & cost-effective solutions.

Scania, Daimler Cars, TuSimple, Inc., Hino Carss, Waymo (Alphabet Inc.), Tesla, AB Volvo, PACCAR Inc., Navistar, Inc., Embark Carss, Inc., PlusAI, Inc., and Kodiak Robotics.