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Class 4 Truck Market Share

Report ID: GMI9167
Published Date: Apr 2024
Report Format: PDF

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Class 4 Truck Market Share

Ford Motor Company and General Motors holds over 10% of global class 4 trucks market share. Ford Motor Company places emphasis on performance, fuel efficiency, and overall cost-effectiveness in its class 4 truck range, incorporating innovative powertrain technologies, aerodynamic improvements, and lightweight materials to enhance fuel economy, reliability, and operational effectiveness.

General Motors provides comprehensive fleet management solutions and telematics platforms for its class 4 trucks, offering fleet operators advanced features such as real-time vehicle tracking, diagnostics, maintenance scheduling, and driver performance monitoring to enhance fleet efficiency and minimize operational expenses.

Class 4 Truck Market Companies

Major companies operating in the class 4 trucks industry are:

Ford Motor Company
General Motors
Stellantis
Isuzu Motors Ltd.
Hino Motors Ltd.
Daimler Trucks North America LLC
Volvo Group
Navistar International Corporation
Mitsubishi Fuso Truck and Bus Corporation
PACCAR Inc.
Iveco
MAN Truck & Bus AG
Scania AB
Tata Motors
Mahindra & Mahindra Ltd.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of class 4 truck reached USD 5.4 billion in 2023 and will demonstrate a 6.5% CAGR between 2024 and 2032, attributed to the increasing demand for efficient and reliable transportation solutions, rapid industrialization, urbanization, and infrastructure development initiatives across regions.

The freight delivery segment reached 33% in 2023, due to the escalating demand for efficient and reliable transportation of goods amid burgeoning e-commerce activities.

Asia Pacific market recorded 46% share in 2023, propelled by rapid industrialization, burgeoning urbanization, and expanding logistics and transportation sectors across the region.

Some of the key class 4 truck players are Ford Motor Company, General Motors, Stellantis, Isuzu Motors Ltd., Hino Motors Ltd., Daimler Trucks North America LLC, Volvo Group, Navistar International Corporation, Mitsubishi Fuso Truck and Bus Corporation, PACCAR Inc., among others.