Currently, the largest semi-truck manufacturers in the world in 2020 control the largest portion of the industry and this is solely because of the complex nature of the truck industry. Unlike some of the other industries, the truck industry is quite complex because of the resources, time, effort, and determination that is needed for success.
While there are a number of these semi-truck manufacturers, we have compiled a list of some of the largest truck companies based on their last year’s sales volume. The criteria for this article depends entirely on their total sale in the past year. This simply means that large companies with poor sales in the past year will not make the list. The decision to choose the sales volume of last year as a criteria was made because, we are specifically trying to list out the largest companies of 2020 and not just make a list of out of date companies that are currently living on past glory. If you are interested in rankings for previous years, please check out our previously published 10 biggest truck manufacturing companies in the world.
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In the last couple of years, we have experienced an unprecedented increase in the number of Chinese based truck companies. With this influx, the global truck industry may shift hands. This list contains some of the top Chinese truck companies that meet the criteria – last year’s sales volume.
This list has been compiled after careful research was carried out by our team. While some of the well known brands like Freightliner Trucks, Kenworth Trucks, and TATA Trucks are known to be large companies and so must be included in this article, you will find it surprising to know that there are others who may have gone unnoticed by you ready to give them a run for their money. Read through to find out who 10 largest truck Manufacturers Of 2020 are:
10. Scania
Based in Sweden and a subsidiary of Volkswagen AG, this truck manufacturing company has 7 generation offices in seven different countries. Just recently, a new range of trucks was launched into the market and according to reports from the company’s official website, these new semi-trucks are fueled by a V8 engine.
Surprisingly, these new trucks consume 10% less fuel than usual. Being one of the largest truck manufacturing companies in the world, Scania has managed to sell off over 81,000 trucks in the last year.
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9. MAN Manufacturing Company
Being another subsidiary of Volkswagen AG, MAN has managed to make a name for itself as one of the biggest semi-truck companies in the world at the moment. A couple of years ago, MAN would not have made this list because of its low truck sale but the partnership with German truck company DB Schenker has greatly impacted its total sale, in the process making it one of the largest in the world.
With a total of 83,200 trucks sold in the last year, this partnership with the German company may lead to greater feats for this subsidiary of Volkswagen AG.
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8. Iveco
Otherwise referred to as “Industrial Vehicle Corporation”, Iveco is an Italian based truck manufacturing company. Controlled by Netherlands based company, Iveco has managed to cement its place as one of the leading semi-truck manufacturing companies of 2020.
The last year has been a great one for this company as it has experienced unprecedented growth in sales in Europe mostly. With over 134,300 semi-trucks sold in the last year, Iveco will be one of the truck companies to watch out for in the years to come.
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7. PACCAR Inc. Manufacturing Company
Named as one of the American Fortune 500 companies, PACCAR Inc. is one of the largest medium truck manufacturing companies in the world right now. In addition to selling semi-trucks, this company is also known for all kinds of heavy-duty trucks as well.
Making trucks under the Kenworth, Peterbilt, and DAF names, this leading company has a 28.5% market share in the sale of section 8 trucks. With a total of 158,900 trucks sold in the last year, PACCAR Inc. has a 16.2% share in the medium category truck market.
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6. Hino
With its headquarters in Hino-shi, Tokyo, Hino is a Japanese truck manufacturing company with years of proven track record. It is one of the leading manufacturers of medium and heavy-duty trucks in not only Asia but other parts of the world as well.
Recently, this company requested a massive expansion and this led to an increase in truck sales. The company has over 37% of the total industry share in the country. With over 171,800 trucks sold in the last year, Hino is one of the largest semi-truck manufacturing companies of 2020.
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5. Volvo
Based in Gothenburg, Sweden, Volvo is one of the global truck companies in the world. About four years ago, Volvo was the best heavy-duty truck manufacturing company. Manufacturing medium and heavy-duty trucks under various names, Volvo has rubber stamped its position as one of the leading and well-renowned truck companies in the world.
In the last year, over 300,000 trucks have been sold by this company all over Europe and other parts of the world.
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4. International Corp
Being an American Fortune 500 company, International Corp is one of the global brands. Aside from manufacturing medium trucks, International Corp is also known for the manufacture of various diesel motors.
This company is placed fourth here because of its last year sales which are a little over 313,600 trucks.
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3. Dongfeng
Headquartered in Wuhan, China, Dongfeng has made its place as one of the largest semi-truck companies in the world. Aside from the fact that this company controls over 11% of the total market, this company has sold over 369,000 semi-trucks in the last year. This figure is an increase to its 2016 sale.
With this company diversifying into the manufacture of other trucks, there is great expectation that the sales volume of this Chinese based company will rise in the years to come.
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2. TATA
Referred to as one of the most popular truck companies, TATA is known for the manufacture of both medium and heavy-duty trucks specifically designed for the transportation of heavy-duty pieces of equipment. Based in India, TATA holds over 50% shares of the total truck market in the country.
Aside from controlling the Indian truck market, TATA has established itself as one of the largest semi-truck manufacturing companies in the world with a total of over 400,000 trucks sold in the last year. This company is expected to experience a future increase in the months to come.
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1. Daimler Trucks (Freightliner Corporation)
Topping the list of 10 largest semitruck manufacturers in the world is Daimler Trucks, a well-known manufacturer of commercial vehicles, heavy-duty, and semi-trucks. Based in Portland, Oregon, Daimler Trucks is a subsidiary of Daimler AG a German-based truck manufacturing company.
This truck makes a wide range of trucks under different names such as Western Star, Mercedes Benz, BharatBenz, Mitsubishi Fuso, and Freightliner. With a total truck sale volume of 415,100, Daimler Trucks is the largest semi-truck manufacturing company in the world.
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