The world’s truck manufacturers – 2022 edition

This report is a proven and reliable Global Truck Industry benchmarking tool and is a necessity for those involved in competitor analysis and strategic planning in the Global Commercial Vehicle Industry and for anyone who has need to understand this important industry sector.

It is divided into three main sections:

Industry review

An analysis of the structure and profitability of the global truck industry, examining the performance of the sector through its demand cycles. Current pressures shaping the industry are detailed and their implications discussed, including mergers, acquisitions and alliances, environmental legislation and the drive to establish leadership in emerging markets.

Company Profiles

For each of the major truck manufacturing groups, the report provides comprehensive profiles analyzing key operational issues, including:

  • Performance – Discusses recent results in detail, compares them to historical results, and charts revenue and profit trends
  • Company structure – Evaluates the company’s strategy, structure and planned development
  • Markets – Unit sales by market over the past few years are presented and sales plans discussed
  • Models – Current model lines and product development plans are discussed
  • Production Strategy – Unit production data is provided with capacity expansion and consolidation plans
  • Account Notes – Identifies pitfalls to avoid when interpreting each company’s financial data

Financial statistics

The backbone of the report is the supporting database of financial statistics and performance ratios covering all of the world’s major truck manufacturers and their major subsidiaries since 1983. This comprehensive database provides an unparalleled source of information, putting into perspective the current performance of the global truck industry.

To facilitate comparison and understanding, the financial statistics of each manufacturer are provided both in a common currency (euros) and in the national currency. By applying each of the 30 most commonly used performance ratios by analysts, the report allows users to thoroughly assess the strengths and weaknesses of each group and between groups.

Contents:

  • Chapter 1: The Global Truck Industry
  • Chapter 2: Ashok Leyland
  • Chapter 3: Daimler Trucks
  • Chapter 4: Hino Engines
  • Chapter 5: Isuzu
  • Chapter 6: Iveco
  • Chapter 7: MAN Truck & Bus
  • Chapter 8: Mitsubishi Fuso Truck & Bus
  • Chapter 9: Navistar International Corp.
  • Chapter 10: Paccar
  • Chapter 11: Renault Trucks
  • Chapter 12: Scania
  • Chapter 13: Tata Engines
  • Chapter 14: Traton
  • Chapter 15: UD Trucks
  • Chapter 16: Volvo Truck & Bus
  • Chapter 17: Other Truck Manufacturers
  • Appendices
    • Annex 1: Methodology & exchange rates
    • Appendix 2: European, American and Chinese market data
    • Appendix 3: Financial statistics & key ratios (€) (Excel spreadsheet)
    • Annex 4: Financial statistics and key ratios (national currency) (Excel spreadsheet)
    • Annex 5: Truck production by group and sector (Excel spreadsheet)
    • Annex 6: Exchange rates (Excel spreadsheet)

List of Figures

  • Figure 1: Global demand for trucks > 6 t
  • Figure 2: Global truck sales, regional share 1996-2021
  • Figure 3: Sales of new trucks (over 6 t) worldwide, by region, 2013-2021 (thousands)
  • Figure 4: Sales of new heavy-duty trucks (over 16 t) worldwide, by region, 2013-2021 (thousands)
  • Figure 5: 5-year average operating margins of major truck manufacturers, 2017-2021
  • Figure 6: 10-year average operating margins of major truck manufacturers, 2012-2021
  • Figure 7: Production of trucks (over 6 t) by manufacturer, 2021
  • Figure 8: Production of trucks (over 16 t) by manufacturer, 2021
  • Figure 9: Trend of turnover and operating margin of Daimler Trucks & Buses*
  • Figure 10: Daimler revenue by division
  • Figure 11: Sales of Daimler trucks and buses* by market (in thousands)
  • Figure 12: Hino Revenue and Operating Profit Trend
  • Figure 13: Evolution of Hino’s net income
  • Figure 14: Hino sales
  • Figure 15: Isuzu Revenue and Operating Profit Trend
  • Figure 16: Isuzu net profit trend
  • Figure 17: Isuzu sales (units built)
  • Figure 18: Sales of Isuzu HCV units, including KD sets
  • Figure 19: Trend of turnover and operating result of Iveco
  • Figure 20: CNH Industrial, revenue by division 2021 (excluding intra-company and ‘Other’)
  • Figure 21: Iveco Group, turnover by division 2021
  • Figure 22: Iveco unit sales by market
  • Figure 23: Iveco sales by range, 2010-2021
  • Figure 24: MAN Group revenue by division, 2009-2018
  • Figure 25: Navistar Pretax Profit and US Industry Sales, 1983-2020
  • Figure 26: Contribution to Navistar revenue and profit by division, 2003-2012
  • Figure 27: Contribution to Navistar revenue and profit by division, 2011-2014
  • Figure 28: Navistar revenue and profit contribution by division, 2014-2020
  • Figure 29: Navistar unit sales
  • Figure 30: Global Sales Index 1987-2020 – Navistar, Paccar & Volvo (Navistar: years to October)
  • Figure 31: Navistar share in North American sectors
  • Figure 32: Evolution of sales and operating income of Paccar (Manufacturing)
  • Figure 33: Evolution of Paccar’s net profit
  • Figure 34: Paccar revenue and profit by division
  • Figure 35: Paccar MX engines, cumulative production (in thousands)
  • Figure 36: Paccar turnover by division (index: 2005-2021)
  • Figure 37: Scania turnover by division, 2011-2021 (%)
  • Figure 38: Tata Motors sales
  • Figure 39: Nissan Diesel sales and operating profit trend (non-consolidated)
  • Figure 40: Evolution of net profit of Nissan Diesel (non-consolidated)
  • Figure 41: Nissan Diesel revenue by division (%)
  • Figure 42: Nissan Diesel, unit sales
  • Figure 43: Volvo Trucks & Bus sales and operating profit trend
  • Figure 44: Volvo Group turnover by division
  • Figure 45: Volvo Trucks consolidated sales by region
  • Figure 46: Volvo Group truck sales by market (including non-consolidated)
  • Figure 47: Positioning of truck brands in the Volvo group
  • Figure 48: Spreadsheet structure
  • Figure 49: Exchange rate – monetary units per euro
  • Figure 50: Value of export earnings in foreign currencies
  • Figure 51: New truck and bus registrations (thousands), EU+EFTA+UK
  • Figure 52: U.S. Truck Retail Sales by Weight Class
  • Figure 53: US Weight Classes
  • Figure 54: Chinese truck production by segment, 2015-2021
  • Figure 55: Sales (in thousands) and shares of the top 3 Chinese truck manufacturers by segment, 2021