Commercial Vehicle

What Commercial Vehicle does

Commercial Vehicle Group, Inc. (NASDAQ: CVGI) is a global tier-one supplier of cab-related products and systems for the commercial vehicle industry, headquartered in New Albany, Ohio. Founded in 2000 and publicly traded since 2004, the company operates 20+ manufacturing facilities across five continents (North America, Europe, Asia-Pacific, Africa) with 7,500+ employees, serving medium- and heavy-duty truck, construction equipment, military, bus, agriculture, mining, industrial equipment, and specialty vehicle OEMs. The company traces its roots to a 1989 partnership between Hidden Creek Industries and Onex, growing through a series of acquisitions including Trim Systems, Bostrom, National Seating, KAB Seating, Mayflower Vehicle Systems, and FSE LLC.

The company's product portfolio is anchored by two core platforms. The Electrical Systems platform delivers wire harnesses, cable assemblies, electronic distribution systems, and growing EV assemblies (including the Zoox Robotaxi program), spanning low- and high-voltage applications across industrial, military, marine, and EV markets with 135 ship-to locations and 6,000+ part numbers managed. The Seating, Trim, and Accessories platform produces seating and suspension systems (Bostrom, National Seating, KAB, Stratos brands), plastic parts and assemblies (AdvancTek—RIM, injection molding, thermoforming, compression molding), wiper systems (Sprague Devices), and mirrors (Moto Mirror), supported by in-house R&D with a state-of-the-art driving simulator (40% measured comfort improvement), 6-axis durability lab, acoustics lab, and proprietary innovations including FlameTEK self-extinguishing trim and ComforTEK thermal-resistant flooring.

CVG's business model is OEM-embedded B2B component supply, with direct sales to global commercial vehicle manufacturers under long-term supply contracts and aftermarket distribution through branded dealer networks. Revenue is hardware-driven, with FY2025 revenue of $649 million (a 10.3% YoY decline) and FY2026 guidance of $660–700 million. The company holds IATF 16949:2016, ISO 9001, ISO 14001, ISO 13485, and ITAR certifications supporting its tier-one position across regulated end markets. Q1 2026 results beat consensus on both revenue ($171.5M, +6.91%) and EPS (-$0.10 vs -$0.13 forecast, +23.08%), driven in part by the Zoox Robotaxi program ramp in the Global Electrical Systems segment.

Name

Commercial Vehicle

Legal name

Commercial Vehicle Group, Inc.

Website

https://cvgrp.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Commercial Vehicle Group (NASDAQ: CVGI) designs and manufactures cab-related products—seating systems, electrical wire harnesses, trim, wipers, and mirrors—for global commercial vehicle OEMs across trucks, construction, military, agriculture, mining, and emerging EV/autonomous segments.

Ownership category

akta.pro rank

Product category

Commercial Vehicle Components

NAICS

Motor Vehicle Seating and Interior Trim Manufacturing (336360), Motor Vehicle Seating and Interior Trim Manufacturing (33636), Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Parts Manufacturing (3363)

SIC

Motor Vehicle Parts & Accessories (3714), Truck & Bus Bodies (3713)

akta.pro primary industry

Automotive Interior Comfort & Convenience Components Manufacturing (Armrests/Cupholders/Storage/Interior Hardware) (IMACAKAJ)

Keywords

• Commercial vehicle components
• Seating systems manufacturing
• Electrical wire harnesses
• Vehicle interior trim
• OEM parts supplier

Headquarters

HQ city

New Albany

HQ country

United States

HQ region

North America

Offices21 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Component Systems Sales: Manufacture and sale of seating systems, electrical wire harnesses, trim components, wiper systems, mirrors, and vehicle assemblies to commercial vehicle OEMs. Revenue derived from long-term supply contracts with major commercial vehicle manufacturers globally.
2. Electric Vehicle Assemblies: Growing segment providing EV assemblies and electrical systems for electric vehicles, including the Zoox Robotaxi program. Supports ecommerce and warehouse automation markets.
3. Aftermarket and Replacement Parts: Distribution of replacement seating, wiper systems, mirrors, and accessories through branded dealer networks including National Seating, Bostrom Seating, and KAB Seating.

Go-to-market motion3 records

Distribution channels8 records

Marketing channels4 records

Core offering

Commercial Vehicle Group (CVG) designs and manufactures cab-related components for the global commercial vehicle market, including seating and suspension systems, electrical wire harnesses and controls, plastic trim and assemblies, wiper systems, mirrors, and complete vehicle assemblies. Its products are sold primarily to medium- and heavy-duty truck, construction equipment, bus, agricultural, military, mining, and specialty vehicle OEMs under multiple regional brands (National Seating, Bostrom, KAB, Moto Mirror, Sprague Devices, Stratos, RoadWatch, AdvancTek), with growing exposure to electric vehicles and warehouse automation markets.

Product overview

Commercial Vehicle Group (CVG) is a diversified industrial supplier offering a comprehensive portfolio of cab-related products and systems for the global commercial vehicle market. The company operates across two core product categories: Electrical Systems (design, harnesses, and controls) and Seating/Trim Components (seating systems, plastic parts, wiper systems, and mirrors). These products are sold under multiple regional sub-brands including National Seating, Bostrom Seating, KAB Seating, Moto Mirror, AdvancTek, Sprague Devices, Stratos Seating, and RoadWatch. The product architecture is organized as a platform of manufacturing capabilities (injection molding, thermoforming, wire harness assembly, seat manufacturing) that serves diverse end markets including medium/heavy-duty trucks, construction vehicles, military, bus, agriculture, specialty transportation, mining, and industrial equipment. The company also offers proprietary innovations like FlameTEK interior trim and ComforTEK flooring.

Differentiator

Problem solved

Functional benefit

Brands

• Bostrom Seating: Specialists in comfort & innovation since 1935, offering a range of stylish seating options for light truck/sprinter van, medium-size and heavy duty trucks.
• KAB Seating
• National Seating
• Moto Mirror
• AdvancTek
• Sprague Devices
• Stratos Seating
• RoadWatch

Products and services

• Electrical System Design, Harnesses & Controls Comprehensive electrical system design, wire harnesses, cable assemblies, and electronic distribution systems for commercial vehicles, supporting low and high voltage applications across industrial, military, marine, and EV markets.
• Plastic Parts & Assemblies (Trim & Components) Injection molding, thermoforming, compression molding, reaction injection molding (RIM), and decorative finishing services for plastic trim components serving aerospace, consumer, defense, industrial, medical, and transportation markets.
• Seating and Suspension Systems Premium seating solutions including seats, suspension systems, and related components for commercial trucks, construction equipment, buses, and specialty vehicles sold under multiple regional brands.
• Wiper Systems Application-specific windshield wiper and washer systems for commercial vehicle markets.
• Mirrors Vision solutions including mirrors and related components for trucks.
• National Seating Premier seating solution for North American motor coach, school bus, and truck applications featuring the BackCycler system and HP air suspension for comfort, durability, safety, and style.
• Bostrom Seating Premier seating solution for light truck/sprinter van, medium-size, and heavy-duty trucks, recognized for comfort, durability, safety, and style since 1935.
• KAB Seating World-leading manufacturer of comfortable, practical work seats for commercial, construction, agricultural, industrial, mining, bus/coach, and mobility sectors, distributed globally.
• Moto Mirror Premier vision solution provider for trucks, offering mirrors and related vision enhancement products.
• AdvancTek Plastics manufacturing services through injection molding, reaction injection molding (RIM), compression molding, and thermoforming for companies across multiple industries.
• Sprague Devices Application-specific windshield wiper and washer systems for the commercial vehicle markets.
• Stratos Seating Australia's leading supplier of automotive aftermarket and industrial seating, light truck and 4WD suspension seating, and specialized seating with a manufacturing facility in Sydney.
• RoadWatch Warning system products for commercial vehicles, providing safety alert and monitoring solutions.
• Vehicle Assemblies Complete vehicle sub-assemblies and integrated systems for commercial vehicle OEMs, including growing electric vehicle assembly offerings for warehouse automation and ecommerce markets.

Quantifiable outcome

• 40% improvement in driver comfort measured via driving simulator testing for new seating systems
• +5 more outcomes

Named customers6 records

Segments10 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Two partnerships are on record, tiered core and minor.

• ZooxcoreStrategic or Co-development Partner · 2 June 2026Zoox Robotaxi program driving strong growth in CVG's Global Electrical Systems segment. Strategic autonomous vehicle partnership contributing to Q1 2026 earnings beat and stock surge.
• HEMA EngineeringminorStrategic or Co-development PartnerJoint venture established in 2011 for engineering collaboration and product development.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Faurecia SE (now FORVIA): Global tier-1 automotive supplier with seating, interiors, and clean mobility divisions. Competes with CVG in seating and trim across commercial and passenger vehicles, though at much larger scale and broader scope.
• Magna International: Largest tier-1 automotive supplier globally, with seating, trim, mirrors, and electronics divisions that overlap several CVG product lines. Broad incumbent comparable for scale and product breadth.
• Lear Corporation: Tier-1 supplier of seating and electrical systems to global automakers. Overlaps with CVG in wire harnesses (E-Systems segment) and seating but focuses more on passenger vehicles; relevant broad peer for CVG's electrical systems business.

Others

• Cummins Inc. Major commercial vehicle component supplier (powertrain). Not a direct competitor but a key tier-1 supplier to the same OEM customers CVG serves; relevant for understanding the broader commercial vehicle component ecosystem.
• Daimler Truck Holding AG: One of the world's largest commercial vehicle manufacturers and a key CVG customer for seating, trim, and electrical systems. Contextual peer reflecting the OEM concentration risk in CVG's order book.
• PACCAR Inc. Major Class 8 truck OEM (Kenworth, Peterbilt, DAF) and a likely customer of CVG's cab interior products. Included as a vertical/contextual peer reflecting CVG's OEM dependency rather than as a direct competitor.

Direct peers

• Adient plc: Global leader in automotive seating, with a substantial commercial vehicle and truck seating business directly competing with CVG's Bostrom, National Seating, and KAB brands. Most directly comparable peer for CVG's seating segment.
• Grammer AG: Specialist in commercial vehicle, off-road, and agricultural seating systems with strong European presence overlapping KAB Seating. Direct peer in the cab interior seating category for trucks, construction, and agricultural equipment.

Regional players

• Yokohama Rubber Co. (Seating/Industrial): Industrial and commercial vehicle seating operations in Japan and Asia-Pacific. Regional peer with comparable product positioning for trucks and industrial equipment seating.
• Toyota Boshoku Corporation: Automotive seating and interior systems specialist with strong Asia-Pacific OEM relationships. Regional peer serving Japanese commercial vehicle and passenger markets; comparable in product scope to CVG's seating/trim portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/commercial-vehicle-group
• Xx.com/cvgrp
• Facebookfacebook.com/CVGRP

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries14 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Commercial Vehicle