Commercial vehicles worldwide - Statistics & Facts

In 2022, worldwide commercial vehicle production grew to around 23.7 million units, continuing the slow recovery from the three million unit drop recorded in 2020. Commercial vehicles are comprised of all motor vehicles intended for the commercial transport of goods and passengers, with light commercial vehicles often referring to vehicles under 3.5 tons. With around 13.3 million vehicles produced, North America was the leading region in the production of commercial vehicles in 2022. Estimates place Asia and Oceania as the top manufacturer of heavy trucks in that year, with around 2.3 million units produced.

European manufacturers lead the way

Valued at 250.52 billion U.S. dollars in 2022, the long-distance trucking market in the United States had surpassed even its pre-pandemic market size. The U.S. is one of the leading countries in the commercial vehicles market due to its heavy reliance on road freight transport. In 2022, commercial vehicle sales recorded in the United States were over three times the sales recorded in China, and three of the world’s six largest trucking companies were U.S.-based. However, European companies beat out U.S.-American manufacturers in terms of global sales. In the 2022 fiscal year, the German Daimler Truck dominated the market, recording some 50.9 billion U.S. dollars in revenue for the sale of its heavy trucks and buses. Paccar, headquartered in Washington State, reported net sales less than half this value, at around 28.8 billion U.S. dollars. As of December 2022, Daimler Truck was not only the global commercial vehicle leader, but its Freightliner brand held some 37.9 percent of the U.S. Class 8 truck market, above Paccar’s Peterbilt and Kenworth brands which together represented under 30 percent of the market.

A long road ahead for electric commercial vehicles

With increasing national concerns over the carbon dioxide emissions of the global transportation sector, finding alternative fuel solutions is becoming a more significant concern for the commercial fleet sector. In 2022, medium and heavy trucks continue to make up around 22 percent of the world’s CO2 emissions. Projections for the new energy truck segment are optimistic—the global electric truck market was forecast to reach around 324,120 vehicles by 2026. However, heavy-duty electric trucks present a challenge to this alternative. These were expected to represent under seven percent of the total electric truck market in 2026. This lack of popularity is partly due to the prohibitive pricing of heavy-duty electric trucks: In 2020, electric heavy commercial trucks cost over three times more than diesel trucks and this cost is due to continue into 2030. The heavy-duty electric vehicle charging infrastructure market is also projected to grow in the next few years. However, it faces specific challenges regarding charging time and battery capacity, as heavy-duty vehicles are most often used for long-haul journeys. Charging time, access to charging stations during long-haul trips, and high prices are hurdles the global heavy commercial vehicle market will have to tackle to become more electric.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Sep 21, 2023

Key insights

Global automotive manufacturing industry revenue 2022
2.56tr USD
Commercial vehicle production volume worldwide
23.74m units
Commercial vehicle sales volume worldwide
24.1m units
Get more insights

Editor’s Picks Current statistics on this topic

Revenue of leading automakers worldwide in 2022 (in billion U.S. dollars)

Vehicles & Road Traffic

Revenue of leading carmakers worldwide 2022

Global car manufacturing industry revenue between 2019 and 2022 (in trillion U.S. dollars)

Vehicles & Road Traffic

Revenue - automobile manufacturing industry worldwide 2019-2022

Worldwide revenue of selected truck and bus manufacturers in FY 2022 (in billion U.S. dollars)

Vehicles & Road Traffic

Heavy trucks - leading manufacturers based on revenue 2022

Related topics

Overview

2

Recommended statistics

Overview

5

Overview

Segments

7

Segments

Companies

9

Companies

Special focus on electric commercial vehicles

4

Special focus on electric commercial vehicles

Further reportsGet the best reports to understand your industry

Logistics industry in the U.S.
Logistics industry in the U.S.
Transportation: Trucks in the U.S. 2022 - Industry Insights & Data Analysis
Transportation: Trucks in the U.S. 2022 - Industry Insights & Data Analysis
Volvo Group
Volvo Group
Electric vehicles in Europe
Electric vehicles in Europe
XPO Logistics Inc.
XPO Logistics Inc.
Cold chain logistics worldwide
Cold chain logistics worldwide
Reverse logistics
Reverse logistics
Trucking industry in the United States
Trucking industry in the United States
Volvo Report 2022
Volvo Report 2022
Paccar - Company Insights
Paccar - Company Insights
Vehicles in use Europe
Vehicles in use Europe
Electric Vehicles: Market Data Analysis & Forecast
Electric Vehicles: Market Data Analysis & Forecast
Top 100 Companies worldwide: Motor Vehicles & Trailers
Top 100 Companies worldwide: Motor Vehicles & Trailers
Daimler Truck - Annual Report 2022
Daimler Truck - Annual Report 2022

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)
Email
support@statista.com

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)
Email
asia.support@statista.com

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)
Email
support.japan@statista.com

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)
Email
eu.support@statista.com

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)
Email
latam@statista.com

Mon - Fri, 9am - 6pm (EST)

Menu