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Box Truck Market Share

Report ID: GMI8256
Published Date: Feb 2024
Report Format: PDF

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Box Truck Market Share

Ford and General Motors dominate the market with around 14% revenue share. Ford provides an extensive array of customization choices to meet varied customer needs, spanning various body sizes, configurations, upfitting selections, and specialty applications. They collaborate with aftermarket upfitters and conversion firms to deliver customized solutions tailored to specific industries such as delivery, logistics, construction, and service.

General Motors adopts digital transformation strategies to enhance connectivity, data analytics, and digital services within its box truck, empowering fleet managers to streamline operations, enhance efficiency, and minimize total ownership costs. By incorporating sophisticated commercial vehicle telematics systems and remote diagnostics capabilities, General Motors facilitates proactive fleet management and predictive maintenance.

Box Truck Market Companies

Major companies operating in the box truck industry are:

Daimler AG
Ford
Ford
General Motors
Isuzu
Iveco
Mitsubishi
PACCAR
Traton
Volvo

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of box truck reached USD 12.9 billion in 2023 and is set to witness 4% CAGR from 2024 to 2032, owing to the rapid growth of online shopping, resulting in a surge in the number of shipments that require delivery worldwide.

The diesel fuel segment recorded over 65% market share in 2023, due to offering, dependability and high torque, which are essential for moving big loads and handling a variety of terrains in commercial settings.

North America market held 24% revenue share in 2023, attributed to rapidly growing logistics and transportation industries, raising the need for product delivery to metropolitan areas in the region.

Daimler AG, Ford, General Motors, Isuzu, Iveco, Mitsubishi, PACCAR, Traton, and Volvo, are some of the major box truck companies worldwide.