Truck manufacturing spans factory output, registrations, company deliveries, trade, revenue, and the shift toward electric vehicles. The measures below keep those categories separate while showing how production, demand, business scale, and technology adoption differed by region in 2023–2024, with clearly labeled 2025 and 2030 outlooks.
Key Truck Manufacturing Statistics
The most useful headline figures cover production, market intake, manufacturer scale, financial performance, and electrification:
- In 2024, global truck production declined 8.3% from 2023 worldwide.
- In 2024, South American truck production increased 37.1% from 2023.
- In 2024, new EU truck registrations totalled 327,896 vehicles, down 6.3% from 2023.
- In 2024, EU heavy-truck sales fell 8.5%.
- In 2024, EU medium-truck registrations increased 5.6%.
- In 2024, diesel represented 95.1% of new EU truck registrations.
- In 2024, electrically chargeable trucks represented 2.3% of new EU truck registrations.
- In 2024, PACCAR delivered 185,300 new trucks worldwide, down from 204,200 in 2023.
- In 2024, PACCAR delivered 106,400 trucks in the United States and Canada.
- In 2024, Daimler Truck sold 460,409 trucks and buses worldwide.
- In 2024, PACCAR truck net sales and revenues reached $24.8384 billion worldwide.
- In 2024, PACCAR truck pre-tax return on revenues was 11.5%.
- In 2024, Daimler Truck reported €54.1 billion of group revenue.
- In 2024, global electric medium- and heavy-duty truck sales exceeded 90,000 vehicles.
- In 2024, more than 80% of global electric truck sales were in China.
- From 2020 to 2024, battery-electric truck models grew from fewer than 70 to more than 400 worldwide.
- In 2030, the IEA Stated Policies Scenario projects electric trucks at around 13% of global truck sales.
- In 2024, EU new-truck exports were valued at €7.316 billion, down 7.2% from 2023.
Contents
- Global truck manufacturing production trends
- EU truck manufacturing output and registrations
- Truck manufacturer deliveries and regional markets
- Truck manufacturing revenue, margins, and investment
- Electric truck manufacturing and adoption
- Truck trade, suppliers, and forward-looking measures
Global Truck Manufacturing Production Trends
ACEA reported that global truck production declined 8.3% in 2024 compared with 2023. This is an industry aggregate, and the truck definition follows ACEA’s report; it should not be confused with sales or registrations.
The regional picture was uneven. South American truck production increased 37.1% in 2024, measured against 2023, making it a distinct regional production result rather than a demand or registration statistic.
| Measure | Period | Result | Scope |
|---|---|---|---|
| Global truck production | 2024 vs 2023 | -8.3% | World |
| South American truck production | 2024 vs 2023 | +37.1% | South America |
| Global bus production | 2024 | 362,005 units; +10.3% | World, comparator |
| Global van production | 2024 vs 2023 | -4.6% | World, comparator |
The same ACEA report recorded 362,005 buses produced worldwide in 2024, up 10.3% from 2023, while global van production fell 4.6%. These are related commercial-vehicle comparators, not truck-production totals. ACEA, Economic and Market Report: Global and EU auto industry – Full year 2024
EU commercial-vehicle production reached 2.7 million vehicles in 2023, up 20.3% from 2022. That ACEA total combines trucks, vans, and buses, so it provides scale for the broader commercial-vehicle manufacturing base rather than a truck-only count. ACEA, EU commercial vehicle production
EU Truck Manufacturing Data: Output, Registrations, and Mix
Factory output and market intake measure different points in the supply chain. In the EU, new truck registrations totalled 327,896 units in 2024, down 6.3% from 2023; this is a registration result, not factory production. ACEA, New commercial vehicle registrations: vans +8.3%, trucks -6.3%, buses +9.2% in 2024
| EU truck measure | 2024 result | What it measures |
|---|---|---|
| New truck registrations | 327,896; -6.3% year on year | Market intake |
| Heavy-truck sales | -8.5% | Segment sales |
| Medium-truck registrations | +5.6% | Segment registrations |
| Diesel share | 95.1% | New-registration powertrain mix |
| Electrically chargeable share | 2.3% | New-registration powertrain mix |
| Electrically chargeable registrations | -4.6% year on year | Registration change |
Country outcomes varied. Germany’s new truck registrations declined 6.9% in 2024, France’s declined 2.9%, and Italy’s declined 0.7%, while Spain’s increased 12%.
These are registration changes, not national production changes.
Diesel accounted for 95.1% of new EU truck registrations in 2024. Electrically chargeable trucks represented 2.3% of registrations, a share ACEA described as stable versus the prior year, even though electrically chargeable truck registrations fell 4.6% year on year.
For context, new EU van registrations reached 1,586,688 units in 2024, up 8.3%, and diesel vans accounted for 84.5% of that separate van market. ACEA, New commercial vehicle registrations: vans +8.3%, trucks -6.3%, buses +9.2% in 2024
Truck Manufacturer Deliveries and Regional Market Scale
Company deliveries show the scale of individual manufacturers but cannot be summed into a global production total. PACCAR delivered 185,300 new trucks worldwide in 2024, down from 204,200 in 2023.
| PACCAR measure | 2024 result | Geography or definition |
|---|---|---|
| New truck deliveries | 185,300 | Worldwide |
| Deliveries | 106,400 | United States and Canada |
| Deliveries | 45,400 | Europe |
| Deliveries | 33,500 | Mexico, South America, Australia, and other markets |
| Heavy-duty market | 268,100 units | U.S. and Canada retail market |
| PACCAR heavy-duty share | 30.7% | U.S. and Canada retail market |
| Medium-duty market | 110,400 units | U.S. and Canada retail market |
| PACCAR medium-duty share | 18.0% | U.S. and Canada retail market |
PACCAR’s U.S. and Canada heavy-duty market was 268,100 trucks in 2024, compared with 297,000 in 2023. The company reported a 30.7% heavy-duty share and an 18.0% medium-duty share in 2024, based on retail sales and third-party data. PACCAR 2024 Form 10-K
Other market-size measures in PACCAR’s filing included 316,100 vehicles in Europe’s over-16-tonne truck market, 50,900 in Europe’s 6-to-16-tonne market, and 97,700 in Brazil’s over-16-tonne market in 2024. These are market measures, not production counts.
Daimler Truck sold 460,409 trucks and buses worldwide in 2024, down from 526,053 in 2023. Its reported company-unit-sales breakdown included 190,428 units for Daimler Trucks North America, 126,477 Mercedes-Benz Trucks units, 125,234 Daimler Trucks Asia units, and 26,646 Daimler Buses units; the last is a bus comparator within the group total. Daimler Truck unit sales 2024: 460,409 units
Truck Manufacturing Revenue, Margins, and Investment
Manufacturer financial results add a business-performance dimension that production and registrations do not provide. PACCAR’s worldwide truck segment generated $24.8384 billion in net sales and revenues in 2024, compared with $26.8464 billion in 2023.
PACCAR’s truck segment represented 74% of total company net sales and revenues in 2024. Its truck income before income taxes was $2.8526 billion, and its truck pre-tax return on revenues was 11.5%; these are company segment measures, not industry-wide margins. PACCAR 2024 Form 10-K
Daimler Truck reported €54.1 billion of group revenue in 2024 and adjusted EBIT of €4.7 billion. Group revenue includes trucks, buses, and financial services, so it is not directly comparable with PACCAR’s truck-segment revenue.
The Daimler Truck Industrial Business adjusted return on sales was 8.9% in 2024. Capital expenditure plus research and development spending totalled €3.5 billion; that combined measure is not manufacturing capital expenditure alone. Daimler Truck Annual Report 2024
Electric Truck Manufacturing and Adoption Statistics
Electric-truck sales expanded rapidly from a relatively small base. Global electric medium- and heavy-duty truck sales exceeded 90,000 vehicles in 2024, growing almost 80% from 2023; the IEA category covers medium- and heavy-duty trucks, and sales growth is not production growth.
More than 80% of electric trucks sold globally in 2024 were sold in China. Hebei Province’s electric-truck fleet reached 30,000 vehicles in 2024, a fleet-stock measure rather than annual manufacturing output. IEA, Global EV Outlook 2025 – Trends in heavy-duty electric vehicles
The available-model base also broadened. Battery-electric truck models grew from fewer than 70 in 2020 to more than 400 in 2024 worldwide, but model availability does not measure production volume.
| Electric-truck measure | Period | Result | Definition |
|---|---|---|---|
| Global electric truck sales | 2024 | More than 90,000 | Medium- and heavy-duty sales |
| Global electric truck sales growth | 2024 vs 2023 | Almost +80% | Sales change |
| Electric share of global truck sales | 2024 | About 2% | IEA estimate |
| China electric truck sales share | 2024 | More than 4% | Medium- and heavy-duty sales |
| China electric truck sales share | 2023 | 2% | Medium- and heavy-duty sales |
| Battery-electric models | 2020 to 2024 | Fewer than 70 to more than 400 | Worldwide availability |
Electric trucks were about 2% of total truck sales worldwide in 2024, an IEA estimate whose definitions and coverage can differ by source. China’s electric medium- and heavy-duty truck sales share exceeded 4% in 2024, up from 2% in 2023. IEA, Global EV Outlook 2025 – Outlook for electric mobility
Under the IEA Stated Policies Scenario, electric trucks reach around 13% of global truck sales in 2030, but only about 3% of the truck stock. These are forecasts, not observed results, and sales share can rise faster than stock share because the existing vehicle fleet turns over gradually. IEA, Global EV Outlook 2025 – Outlook for electric mobility
Truck Trade, Suppliers, and Forward-Looking Measures
EU truck trade data are reported in euros and describe trade value rather than unit volume or factory output. In 2024, EU new-truck imports were valued at €1.362 billion, down 7.1% from 2023, while exports were valued at €7.316 billion, down 7.2%.
The EU new-truck trade surplus was €5.954 billion in 2024, down 7.2% from 2023. ACEA reported the surplus from Eurostat trade values; it is not operating profit.
The United Kingdom supplied €501 million of EU new-truck imports in 2024, a 36.8% share and 30.7% year-on-year increase. The United Kingdom received €1.75 billion of EU new-truck exports, representing a 24% share; both shares are trade-value shares, not unit shares. ACEA, Economic and Market Report – Full year 2024
Supplier integration is visible in PACCAR’s engine data. PACCAR installed its engines in approximately 33% of Kenworth and Peterbilt heavy-duty trucks sold in the United States and Canada in 2024, a brand-specific installation share rather than an overall engine-industry share. PACCAR 2024 Form 10-K
Daimler Truck’s 2025 outlook placed North American heavy-duty market volume at 280,000–320,000 units and the EU30 heavy-duty market at 270,000–310,000 units. It also forecast 2025 Industrial Business unit sales of 460,000–480,000 vehicles; these are company outlook ranges, not observed production results, and may change with demand, policy, tariffs, and market conditions. Daimler Truck Annual Report 2024