Market Share of Specialty Vehicle Industry
The specialty vehicle market is fairly fragmented, with multinational players including Daimler, GM Group, and Volvo AB. Many acquisitions, joint ventures, and investments in electric and autonomous driving technology are taking place in the market.
For instance, in February 2022, Lightning eMotors announced a new partnership with General Motors, making it the first GM Specialty Vehicle Manufacturer (SVM) to develop 100% electric Class 3 through 6 medium-duty commercial vehicles. Shuttles, delivery trucks, ambulances, and school buses are all supported by GM chassis.
Specialty Vehicles Market Leaders
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Daimler AG
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Volvo Group
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General Motors Company
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REV Group
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Oshkosh Corporation
*Disclaimer: Major Players sorted in no particular order
