Heavy trucks - leading manufacturers based on revenue 2022
Based on revenue, Daimler Truck topped the list of leading truck manufacturers in 2022. Daimler Truck generated almost 55.8 billion U.S. dollars in revenue that year, dwarfing all other brands by at least 4 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 continued to be the leading truck manufacturer in 2022. 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 a decline in sales across the market mainly due to supply chain disruption. 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.
The world’s largest truck manufacturers
The European market both reflects and impacts worldwide results. Daimler and Volkswagen hold the most market shares for medium and heavy commercial vehicles sales in Europe in 2021. The Covid-19 pandemic led to a slump in truck sales in various European countries, which was also felt globally. Daimler Truck’s revenue dropped by some 22 percent between the 2019 and 2020 financial year. Similar dips were observed for other manufacturers. However, 2021 and 2022 showed signs of recovery for the sector.
Sales dip for European leaders
Germany-based Daimler Truck continued to be the leading truck manufacturer in 2022. 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 a decline in sales across the market mainly due to supply chain disruption. 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.
The world’s largest truck manufacturers
The European market both reflects and impacts worldwide results. Daimler and Volkswagen hold the most market shares for medium and heavy commercial vehicles sales in Europe in 2021. The Covid-19 pandemic led to a slump in truck sales in various European countries, which was also felt globally. Daimler Truck’s revenue dropped by some 22 percent between the 2019 and 2020 financial year. Similar dips were observed for other manufacturers. However, 2021 and 2022 showed signs of recovery for the sector.
