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Global Heavy-Duty Truck Manufacturing Industry Data and Analysis
Global heavy-duty truck manufacturers have faced volatile conditions through the current period. Chinese markets plummeted, forcing the industry into a sharp 2022 decline. Similarly, the pandemic and ensuing interest rate hikes threatened stability across most of the OECD world, creating additional volatility. Additionally, tightening emissions and safety standards have forced manufacturers to innovate, leading to elevated research and development costs. Union pressures in North America have led to increased wage costs; this trend has encouraged many companies to relocate to Mexico, highlighting the region's increasing truck and bus output. Overall, revenue has expanded at an expected CAGR of 1.6% to $247.6 billion, including a 1.9% recovery in 2025, where profit reached 4.7%.
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What's included in this industry analysis
IBISWorld's research coverage on the Global Heavy-Duty Truck Manufacturing industry includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Global Heavy-Duty Truck Manufacturing industry operates under the industry code C2532-GL. Operators in the Global Heavy-Duty Truck Manufacturing industry manufacture truck and bus chassis and assemble trucks, buses and other special-purpose heavy-duty motor vehicles for highway use, such as firefighting trucks. The trucks manufactured by this industry are heavy trucks used by freight companies and do not include passenger vehicles. Related terms covered in the Global Heavy-Duty Truck Manufacturing industry include bric, pre-buy activity, hybrid trucks, chassis, heavy-duty truck, class 8 trucks and cabs.
What's included in this industry?
Products and services covered in Global Heavy-Duty Truck Manufacturing industry include Buses, Heavy-duty diesel trucks and Other heavy-duty trucks.
What companies are included in this industry?
Companies covered in the Global Heavy-Duty Truck Manufacturing industry include Daimler AG, Traton SE and AB Volvo.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Global Heavy-Duty Truck Manufacturing industry.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Global Heavy-Duty Truck Manufacturing industry.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Global Heavy-Duty Truck Manufacturing industry.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Global Heavy-Duty Truck Manufacturing industry. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Global Heavy-Duty Truck Manufacturing industry. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Global Heavy-Duty Truck Manufacturing industry. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Global Heavy-Duty Truck Manufacturing industry. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Global Heavy-Duty Truck Manufacturing industry.
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Frequently Asked Questions
What is the market size of the Global Heavy-Duty Truck Manufacturing industry in 2026?
The market size of the Global Heavy-Duty Truck Manufacturing industry is $247.6bn in 2026.
How many businesses are there in the Global Heavy-Duty Truck Manufacturing industry in 2025?
There are 374 businesses in the Global Heavy-Duty Truck Manufacturing industry, which has grown at a CAGR of 13.0 % between 2020 and 2025.
How may import tariffs affect the Global Heavy-Duty Truck Manufacturing industry?
The Global Heavy-Duty Truck Manufacturing industry is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Global Heavy-Duty Truck Manufacturing industry?
The Global Heavy-Duty Truck Manufacturing industry is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Global Heavy-Duty Truck Manufacturing industry grown or declined over the past 5 years?
The market size of the Global Heavy-Duty Truck Manufacturing industry has been growing at a CAGR of 1.6 % between 2020 and 2025.
What is the forecast growth of the Global Heavy-Duty Truck Manufacturing industry over the next 5 years?
Over the next five years, the Global Heavy-Duty Truck Manufacturing industry is expected to grow.
What are the biggest companies in the Global Heavy-Duty Truck Manufacturing industry?
The biggest companies operating in the Global Heavy-Duty Truck Manufacturing industry are Daimler AG, Traton SE and AB Volvo
What does the Global Heavy-Duty Truck Manufacturing industry include?
Manufacturing heavy-duty truck chassis and Assembling complete heavy-duty trucks are part of the Global Heavy-Duty Truck Manufacturing industry.
Which companies have the highest market share in the Global Heavy-Duty Truck Manufacturing industry?
The company holding the most market share in the Global Heavy-Duty Truck Manufacturing industry is Daimler AG.
How competitive is the Global Heavy-Duty Truck Manufacturing industry?
The level of competition is moderate and increasing in the Global Heavy-Duty Truck Manufacturing industry.
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