15 Largest Truck Manufacturers in the World

4. Volvo Truck & Bus (Stockholm:VOLV-B.ST)

Revenue reported in 2023: $51.67 billion

Volvo Trucks (Stockholm:VOLV-B.ST), the truck manufacturing division of Volvo based in Gothenburg, Sweden, is renowned globally for its exceptional reliability and utility in transportation. Known for their advanced driver assistance systems and robust engines, Volvo trucks handle diverse cargo loads and challenging terrains with ease, providing both comfort and dependability. In a recent statement that came out on 23rd of May 2024, Volvo Trucks (Stockholm:VOLV-B.ST) highlighted that their hydrogen-powered trucks will offer an operational range comparable to many diesel trucks, depending on the type of transport.