Based on revenue, Daimler Truck topped the list of leading truck manufacturers in 2021. Daimler Truck generated almost 46.7 billion U.S. dollars in revenue that year, dwarfing all other brands by over 10 billion dollars. The company sells trucks under its Freightliner, Western Star, BharatBenz, Mercedes-Benz, and Fuso brands, and split from the Mercedes-Benz Group in 2021.
Sales dip for European leaders
Germany-based Daimler Truck was the leading truck manufacturer in 2021. Other top companies included Volvo, Volkswagen, and Paccar . Volkswagen owns Scania and MAN SE; it is also in a strategic alliance with Navistar. Scania Aktiebolag is an automotive industry manufacturer of trucks and buses for heavy transport applications, as well as industrial and marine engines. The company was founded in 1891 and is headquartered in Södertälje, Sweden. Although Europe continues to be Scania’s most important market, the manufacturer reported its largest increases in order intake in Latin America. Scania’s Swedish peer rival, Volvo owns important brands, including Mack, Volvo, and Renault Trucks. The company is also in a strategic partnership with China's Dongfeng. Paccar, the only non-European manufacturer in the ranking, came fourth.
Daimler, Volkswagen: The figures have been converted from euros to U.S. dollars at a rate of 1 EUR = 1.1371 USD (correct as of December 31, 2021) Volvo: The figures have been converted from Swedish kronor to U.S. dollars at a rate of 1 SEK = 0.11051 USD (correct as of December 31, 2021)
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Statista. (May 18, 2022). Worldwide revenue of selected truck and bus manufacturers in FY 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 19, 2022, from https://www.statista.com/statistics/270293/worldwide-leading-truck-manufacturers-based-on-production-figures/
Statista. "Worldwide revenue of selected truck and bus manufacturers in FY 2021 (in billion U.S. dollars)." Chart. May 18, 2022. Statista. Accessed May 19, 2022. https://www.statista.com/statistics/270293/worldwide-leading-truck-manufacturers-based-on-production-figures/
Statista. (2022). Worldwide revenue of selected truck and bus manufacturers in FY 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 19, 2022. https://www.statista.com/statistics/270293/worldwide-leading-truck-manufacturers-based-on-production-figures/
Statista. "Worldwide Revenue of Selected Truck and Bus Manufacturers in Fy 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 May 2022, https://www.statista.com/statistics/270293/worldwide-leading-truck-manufacturers-based-on-production-figures/
Statista, Worldwide revenue of selected truck and bus manufacturers in FY 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/270293/worldwide-leading-truck-manufacturers-based-on-production-figures/ (last visited May 19, 2022)