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Regional Truck Market Share

Report ID: GMI9246
Published Date: Apr 2024
Report Format: PDF

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Regional Truck Market Share

The Volvo and Daimler Truck dominate the market with around 15% of the market share. Volvo Truck provides flexible solutions and customizable configurations for its regional trucks, enabling fleet operators to adjust vehicles according to their unique needs, such as payload capacity, body configurations, and vocational uses. This customization enhances operational efficiency and productivity for fleet operations.

Daimler Truck takes a customer-focused approach in developing and marketing its products, tailoring solutions to meet the specific requirements and preferences of regional haulage operators. By prioritizing reliability, durability, and value-added features, the company aims to enhance driver satisfaction and fleet productivity.

Regional Truck Market Companies

Major companies operating in the regional truck industry are:

Daimler Truck
Ford Motor
Hino Truck
MAN SE
Navistar
PACCAR Inc.
Scania AB
TRATON GROUP
Volkswagen
Volvo Truck

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of regional truck reached USD 36.9 billion in 2023 and will grow at over 4.5% CAGR between 2024 and 2032, led by the surge in online shopping and e-commerce.

The diesel fuel segment accounted for 80% of the market share in 2023, owing to their capacity to produce tremendous power and torque.

Asia Pacific regional truck industry held 68% share in 2023, due to high demand for last-mile delivery services.

Daimler Truck, Ford Motor, Hino Truck, MAN SE, Navistar, PACCAR Inc., Scania AB, TRATON GROUP, and Volkswagen among others.