The trucking industry is complex and not as easy as people think. Trucking requires a lot of investment and resources to be successful and you must be determined to always achieve it. Knowing that some good heavy-duty truck manufacturing companies have reached the top, in this blog we will introduce you to the top ten truck manufacturing companies.
Time has tested these manufacturing companies but they have remained strong and will stay here for a long time. Like the equipment development, gardening, and automobile business, the trucking business is also a growing investment. Last year, about 2.68 million heavy-duty road vehicles were sold worldwide. With the growth of the heavy-duty truck industry, more and more different types of large vehicles are being manufactured under strict government regulations. One of the reasons for government intervention is to prevent global warming.
A lot of research is being done to solve some of the problems associated with trucks. But even to solve these problems, heavy-duty truck manufacturers incur a lot of expenses. This leads to higher production costs and lower demand or other financing constraints. However, with the recent advances in the heavy-duty vehicle industry, we have seen the emergence of heavy-duty vehicles that use alternative energy sources. For example, heavy-duty vehicles that run on electric batteries. These new high-tech heavy-duty trucks have already been launched in the market. With all these advances, we are hopeful for the future of the heavy-duty vehicle industry.
Here is the list of top ten truck manufacturing companies that you should know about.
1. Scania
Scania is a large automobile company owned by the Volkswagen Group. This Swedish company produces buses and heavy trucks. In addition, Scania also produces diesel engines for general industrial equipment and large vehicles. The company’s production offices are located in India, the Netherlands, France, Sweden, Poland, Russia and Brazil. The company has sold 81,350 heavy trucks so far.
To deliver everything on time, the company needs to invest a lot of costs and resources and be determined to succeed at all times. In addition, it is very important to invest in safety to avoid accidents involving trucks.
2. MAN
The next heavy-duty vehicle manufacturer, which has sold 83,200 trucks to date, is MAN and Bus AG, a subsidiary of MAN SE, a corporation widely known as the largest international supplier of commercial vehicles.
3. Iveco
Image source: iveco.com— an Italian commercial vehicle manufacturing company with offices in Italy, Turin, and worldwide.
4. PACCAR Inc
PACCAR Inc. sells 158,900 heavy vehicles and is one of the U.S. Fortune 500 companies. The company is one of the largest manufacturers of large and medium commercial vehicles and sells its heavy vehicles worldwide. In Europe, its total market share in the medium and large vehicle category is 16.2%, and in the United States and Canada, its market share is 28.5%.
5. Hino
HHino is owned by Toyota. This Japanese manufacturing company has sold 171,800 trucks and produces diesel engines and commercial trucks. The company is headquartered in Hino-shi, Tokyo. Hino is a trusted brand when it comes to heavy and medium trucks throughout Asia. The company has recently expanded its offering in Japan to medium and heavy trucks. Overall, Hino has a market share of 37.7%.in Standard Cab 500 Truck Review
6. Volvo Group
Volvo Group is a well-known company that has sold 300,000 large vehicles worldwide to date. This company is owned by AB Volvo and is based in Sweden and Gothenburg. In 2016, Volvo Group became the second-largest manufacturer of heavy trucks. The company also produces heavy trucks for Dongfeng Trucks, Eicher, Mack, Renault Trucks, UD and Volvo.
7. Navistar International Corp
Navistar International Corp. sold 313,600 units and is one of the four largest heavy-duty truck companies in the world. The Fortune 500 company makes heavy-duty military and commercial trucks.
8. Dongfeng
With 369,100 units sold, Dongfeng ranks third on our list of the top ten truck manufacturers. This large vehicle manufacturing company is a Chinese state-owned automobile manufacturing company based in Wuhan, China. With 369,100 vehicles sold, the company expanded its business by 7%.
9. TATA Motors Limited
TATA Motors Limited is a leading automobile manufacturing company in India. If there is a company that often replaces the term “heavy truck” with “Tata”, it is TATA Motors Limited. This company is the only reliable manufacturer of heavy trucks in India and also sells its trucks all over the world. TATA Motors Limited has sold 400,000 heavy trucks so far.
10. Daimler Group
The number one vehicle manufacturing company is Daimler Trucks North America LLC. It has sold 415,108 heavy vehicles worldwide. This heavy vehicle manufacturing company is one of the leading commercial vehicle manufacturers in the automotive industry. It is based in Portland, Oregon. It also manufactures vehicles under various brands such as BharatBenz, Mitsubishi Fuso, Freightliner, Western Star, and many more.
Conclusion
These are the names of the largest and most trusted car manufacturing companies worldwide. If you are looking for heavy trucks and tractors, you can visit Truck1 Europe. Check out the range of heavy trucks available here and if you want to know more about them, please do not hesitate to contact them.
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