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Flatbed Trucks Market Share

Report ID: GMI9115
Published Date: Apr 2024
Report Format: PDF

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Flatbed Trucks Market Share

Ford Motor Company and Daimler AG dominated significant share in the flatbed trucks business. Ford invests heavily in research and development to innovate and improve its flatbed truck models. This involves integrating advanced technologies, enhancing fuel efficiency, increasing payload capacity, and improving driver safety features to stay competitive in the market.

Daimler leverages digitalization and connectivity technologies to enhance the performance, efficiency, and safety of its flatbed trucks. This includes integrating telematics systems, predictive maintenance solutions, and fleet management tools to optimize operations and provide value-added services to customers. This helps the company to increase its customer base.

Flatbed Trucks Market Companies

Major key players operating in the flatbed trucks industry are:

Daimler AG (Mercedes-Benz)
Dongfeng Motor Corporation
Ford Motor Company
Hino Motors, Ltd.
Isuzu Motors
Navistar International Corporation
Paccar Inc.
Tata Motors
Toyota Motor Corporation
Volvo Group

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of flatbed trucks was reached USD 1.11 trillion in 2023 and is expected to register over 10% CAGR from 2024 to 2032, owing to growing focus of governments on infrastructure development and rising investments in construction worldwide.

Flatbed trucks industry from the industrial segment recorded 70% share in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to rising need for the transportation of heavy or irregularly shaped cargo.

Asia Pacific flatbed trucks industry held over 58% share in 2023 and is expected to register a commendable CAGR up to 2032, due to the region being a hub for manufacturing, with South Korea, China, Japan, and India at the forefront of the production.

Daimler AG (Mercedes-Benz), Dongfeng Motor Corporation, Ford Motor Company, Hino Motors, Ltd., Isuzu Motors, Navistar International Corporation, Paccar Inc., Tata Motors, Toyota Motor Corporation, and Volvo Group, are some of the major flatbed trucks companies worldwide.