Market Share of Automotive High Performance Trucks Industry
The Automotive high-performance truck is dominated by several key players such as Toyota Motor Corporation, Tata Motors Ltd., AB Volvo, Paccar Inc., and others. Major key players are expanding their manufacturing facilities to enhance their product portfolio across the globe and are likely to witness major growth in the market during the forecast period.
In May 2022, Volvo Group and Deutsche Post DHL Group signed a cooperation agreement to accelerate the shift to zero exhaust emission vehicles. DHL intends to intensify its transition to heavy electric trucks by deploying a total of 44 new electric Volvo trucks on routes in Europe.
In December 2021, Volvo Group, Daimler Truck, and the TRATON GROUP signed an agreement to create a joint venture (JV) to install and operate a high-performance public charging network for battery electric, heavy-duty long-haul trucks and coaches across Europe.
In July 2021, Scania AB signed an agreement with leading European commercial vehicle manufacturers to install and operate a public charging network for battery electric, heavy-duty, long-haul trucks, and European coaches.
Automotive High Performance Trucks Market Leaders
PACCAR Inc
Scania AB
AB Volvo
Tata Motors Ltd.
Toyota Motor Corporation
*Disclaimer: Major Players sorted in no particular order
