Truck & Bus Manufacturing Industry
Insights from D&B Hoovers

Industry Analysis


Companies in this industry manufacture medium and heavy-duty trucks, as well as buses. Major companies include Navistar International and PACCAR (both based in the US), along with China FAW Group and Dongfeng Motor (China), Daimler (Germany), Tata Motors (India), and Volvo (Sweden). The industry includes companies that manufacture and assemble complete vehicles and companies that supply vehicle chassis to assembly plants.

Competitive Landscape

Heavy truck demand is driven by growth in the agriculture, manufacturing, construction, and retail sectors. Bus demand is driven by growth in the number of school-aged children and investment in public transportation systems. The profitability of individual companies depends on volume and sales of high-margin options. Large companies enjoy economies of scale in purchasing. Small manufacturers can compete by offering highly customized products. The US industry is highly concentrated: the top 20 companies account for about 95% of revenue.

Products, Operations & Technology

Trucks and buses can be classified by gross vehicle weight rating (GVWR), a measure of the total allowable weight of a vehicle when fully loaded. Generally medium and heavy-duty trucks include Class 4 (GVWR of 14,001 to 16,000 pounds), Class 5 (16,001 to 19,500 pounds), Class 6 (19,501 to 26,000 pounds), Class 7 (26,001 to 33,000 pounds), and Class 8 (GVWR of 33,000 pounds and over). Class 8 trucks account for about 60% of US industry revenue; class 4-7 trucks and buses each account for about 20%. Not included in this profile are light trucks (Classes 1-3), which range from small, light-duty pickup trucks designed primarily for the consumer market to commercial trucks with a GVWR up to 14,000 pounds.

Geographic Segmentation

See where the Truck & Bus Manufacturing industry is concentrated geographically and research companies by financials and key corporate data.
Top Truck & Bus Manufacturing Companies:
$17,510.84M | Mexico
$17,154.30M | United States
$10,932.78M | Germany
$9,106.38M | China
$7,503.00M | United States
$3,376.58M | Germany
$2,893.44M | Canada
$2,343.60M | Mexico
$2,305.75M | United States
$1,376.48M | United States
$1,082.13M | Austria
$698.04M | Canada
$297.06M | United States
$261.32M | Germany
$254.26M | United States
$202.85M | United States
$195.73M | United States
$184.55M | United States
$179.13M | United States
$177.26M | Bangladesh
$167.66M | United States

Try D&B Hoovers for Free

See how easy it is to find qualified sales leads that align to your target markets and be better prepared to engage with decision makers so you can win their business every time with the new D&B Hoovers.Get a Free Trial