Home > Automotive > Mobility > Commercial Vehicles > High-performance Trucks Market

High-performance Trucks Market Share

Report ID: GMI9932
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

High-performance Trucks Market Share

Ford, Stellantis, and Volvo hold a significant market share of 23%. The landscape in the high-performance trucks industry is characterized by a race to innovate engine technology. Manufacturers are vying to develop more powerful engines with higher horsepower and torque while improving fuel efficiency. This push is driven by consumer demand for trucks that deliver superior performance without compromising on environmental considerations.

Another focal point in the landscape is the enhancement of off-road capabilities. Companies are investing in advanced suspension systems, rugged tires, and durable chassis designs to cater to customers seeking vehicles capable of tackling challenging terrains. This strategy aims to differentiate products in the market by offering superior durability and reliability in off-road environments.

High-performance Trucks Market Companies

Major players operating in the high-performance trucks industry are:

Ford
Stellantis
Volvo
Toyota
Chevrolet
Nissan
Rivian

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of high-performance trucks reached USD 127 billion in 2023 and is set to witness 5% CAGR from 2024 to 2032, owing to the growing need for trucks that can handle heavier loads with ease as lifestyles evolve to include more outdoor activities and work-related tasks.

The automatic transmission segment in the high-performance trucks industry accounted for 75% share in 2023, led by the rising consumer preferences for convenience and performance.

The IC engine propulsion segment in the high-performance trucks market held over 86% share in 2023, led by the growing consumer expectations for robust performance while improving overall engine efficiency and reducing emissions.

North America market recorded around 29% share in 2023, as consumers are increasingly seeking options to tailor their vehicles with unique features, such as specialty paint jobs, custom interiors, and performance enhancements.