Market Share of Medium and Heavy Duty Commercial Vehicles
The market studied is moderately consolidated and is captured by major players, like Daimler AG, Toyota Motor Corporation, Scania, and MAN trucks owned by the Volkswagen GroupVolvo Trucks, ISUZU, and Mitsubishi Motor Corporation, among others, with Daimler AG leading the market.
In April 2021, Isuzu Motors completed the acquisition of UD Trucks from the Volvo Group as part of a strategic alliance between the Volvo Group and Isuzu Motors.
In Mar 2021, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), under the umbrella of Daimler Trucks Asia, announced the launch of the improved Canter Light-duty Truck, which complies with Japanese regulations.
Medium and Heavy Commercial Vehicles Market Leaders
PACCAR Inc
Daimler AG
Volvo Group
MAN SE
Tata Motors Limited
*Disclaimer: Major Players sorted in no particular order
