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Trucks and commercial vehicles worldwide - Statistics & Facts

In 2020, worldwide commercial vehicles production dipped under 22 million units, a loss of over three million units compared to 2019. Commercial vehicles comprise all motor vehicles intended for the commercial transport of goods and passengers, with light commercial vehicles often referring to vehicles under 3.5 tons. This classification typically includes buses, vans, and trucks. With around 10.1 million vehicles produced, North America was the overall leading region in the production of commercial vehicles in 2020. Estimates place Asia and Oceania as the leading producer of heavy trucks in that same year, with around 3.7 million units produced.

The largest truck manufacturers are European

As of May 2020, three of the six largest trucking companies were from the United States, while the leading truck manufacturers were mostly European. Germany’s Daimler and Sweden’s Volvo were the leading truck and bus manufacturers in 2020, with revenues of around 42 billion and 28 billion U.S. dollars respectively. With over 753,100 worldwide sales in trucks, vans and buses, Daimler further dominated the market in 2020. Sales and revenues were however impacted by the Covid-19 pandemic, which led to a drop in demand and put manufacturing plants at a standstill. This led to a drop in the worldwide sales volume which was particularly visible in the first quarters of 2020. In the case of Daimler, this drop represented an overall loss of over a quarter of 2019 commercial vehicle unit sales.

An expanding market in the leading region for commercial vehicle production

The classification of vehicles varies across markets. In the United States, vehicles are often grouped into eight different types, ranging from Class 1 light duty trucks, including pickups such as the Toyota Tacoma, to Class 8 heavy duty haulers such as the Freightliner Cascadia. Class 8 vehicles are heavy trucks weighing more than 26,000 and up to 33,000 pounds. The U.S. commercial vehicle production industry has seen steady incremental increases since dramatic losses in production during the 2008-2009 financial crisis. Since 2010, the production of commercial vehicles in the United States has jumped from around five million units to just under 8.4 million units in 2019, before dipping to under seven million units in 2020 due to the pandemic. As of December 2020, Daimler's Freightliner held the highest market share in the United States for Class 8 trucks.

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Light commercial vehicles

Medium- and heavy-duty trucks

Trucks and commercial vehicles worldwide

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Trucks and commercial vehicles worldwide - Statistics & Facts

In 2020, worldwide commercial vehicles production dipped under 22 million units, a loss of over three million units compared to 2019. Commercial vehicles comprise all motor vehicles intended for the commercial transport of goods and passengers, with light commercial vehicles often referring to vehicles under 3.5 tons. This classification typically includes buses, vans, and trucks. With around 10.1 million vehicles produced, North America was the overall leading region in the production of commercial vehicles in 2020. Estimates place Asia and Oceania as the leading producer of heavy trucks in that same year, with around 3.7 million units produced.

The largest truck manufacturers are European

As of May 2020, three of the six largest trucking companies were from the United States, while the leading truck manufacturers were mostly European. Germany’s Daimler and Sweden’s Volvo were the leading truck and bus manufacturers in 2020, with revenues of around 42 billion and 28 billion U.S. dollars respectively. With over 753,100 worldwide sales in trucks, vans and buses, Daimler further dominated the market in 2020. Sales and revenues were however impacted by the Covid-19 pandemic, which led to a drop in demand and put manufacturing plants at a standstill. This led to a drop in the worldwide sales volume which was particularly visible in the first quarters of 2020. In the case of Daimler, this drop represented an overall loss of over a quarter of 2019 commercial vehicle unit sales.

An expanding market in the leading region for commercial vehicle production

The classification of vehicles varies across markets. In the United States, vehicles are often grouped into eight different types, ranging from Class 1 light duty trucks, including pickups such as the Toyota Tacoma, to Class 8 heavy duty haulers such as the Freightliner Cascadia. Class 8 vehicles are heavy trucks weighing more than 26,000 and up to 33,000 pounds. The U.S. commercial vehicle production industry has seen steady incremental increases since dramatic losses in production during the 2008-2009 financial crisis. Since 2010, the production of commercial vehicles in the United States has jumped from around five million units to just under 8.4 million units in 2019, before dipping to under seven million units in 2020 due to the pandemic. As of December 2020, Daimler's Freightliner held the highest market share in the United States for Class 8 trucks.

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