Home > Automotive > Mobility > Commercial Vehicles > class 2 trucks market
Get a free sample of Class 2 Trucks Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Class 2 Trucks Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Mitsubishi Fuso, Ram and Isuzu hold a significant market share of over 46% in the class 2 trucks industry, This significant presence is attributed to several factors. Firstly, each brand offers a diverse range of vehicles tailored to various needs, from commercial to utility purposes. Secondly, their reputation for reliability and durability resonates with consumers and businesses alike, fostering trust and brand loyalty.
Moreover, their commitment to innovation ensures that they stay ahead in terms of technology and efficiency, meeting evolving industry demands. With robust distribution networks and comprehensive after-sales support, Mitsubishi Fuso, Ram, and Isuzu continue to strengthen their foothold in the class 2 truck segment, solidifying their position as industry leaders.
Major companies operating in the class 2 trucks industry are:
Chevrolet, Ford, Freightliner, Hino, Isuzu, Mercedes-Benz, Mitsubishi Fuso, Nissan, Ram among others.
Asia Pacific class 2 trucks market generated USD 370.6 million in 2023, driven by the increasing demand for transportation solutions to support last-mile delivery services.
Gasoline from fuel segment held a decent market share in 2023 will generate over 813.3 USD million by 2032, owing to its familiarity and simplicity of fueling.
The market size of class 2 trucks reached USD 649 million in 2023 and will grow at over 9% CAGR between 2024 and 2032, led by the need for effective last-mile delivery services.