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
in 2022. Estimates place Asia and Oceania as the top
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 CO
2 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.
