Medium and Heavy Commercial Vehicles Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Medium and Heavy Duty Commercial Vehicle (MCHV) Market has been segmented by Tonnage (3.5 - 7.5 Tons, 7.5 - 16 Tons, and above 16 Tons), Propulsion Type (IC Engine, Plug-In Hybrid Electric, Battery Electric, and Alternative Fuel Powered), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecasts for Medium and Heavy-Duty Commercial Vehicles in terms of value (USD billion) for all the above segments.

Medium and Heavy Commercial Vehicles Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Medium and Heavy Commercial Vehicles Industry Overview

The market studied is moderately consolidated and is captured by major players, like Daimler AG, Toyota Motor Corporation, Scania, and MAN trucks owned by the Volkswagen GroupVolvo Trucks, ISUZU, and Mitsubishi Motor Corporation, among others, with Daimler AG leading the market.

In April 2021, Isuzu Motors completed the acquisition of UD Trucks from the Volvo Group as part of a strategic alliance between the Volvo Group and Isuzu Motors.

In Mar 2021, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), under the umbrella of Daimler Trucks Asia, announced the launch of the improved Canter Light-duty Truck, which complies with Japanese regulations.

Medium and Heavy Commercial Vehicles Market Leaders

  1. PACCAR Inc

  2. Daimler AG

  3. Volvo Group

  4. MAN SE

  5. Tata Motors Limited

  6. *Disclaimer: Major Players sorted in no particular order
Medium And Heavy Duty Commercial Vehicles Market Concentration

Medium and Heavy Commercial Vehicles Market Report Snapshots

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