Press release
Global Commercial Vehicle Market Analysis By Trends, Technological Advancement, Forecast To 2030
Commercial Vehicle Market
The commercial vehicles market report describes and explains the global commercial vehicles market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The commercial vehicles market consists of sales of commercial vehicles and related services by entities (organizations, sole traders and partnerships) that produce complete light trucks and utility vehicles such as light duty vans, minivans, pick-up trucks and sports utility vehicles, and complete heavy duty trucks, buses, coaches, heavy duty motor homes and other special purpose heavy duty motor vehicles for highway use. The commercial vehicle market is segmented into light commercial vehicle; heavy trucks and buses and coaches.
The global commercial vehicle market is expected to grow from $719.08 billion in 2020 to $784.6 billion in 2021 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1132.57 billion in 2025 at a CAGR of 10%.
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Some of the major players of the commercial vehicles market are Daimler AG, Volvo Group, Man Truck & Bus, Hino Motors, Scania.
The countries covered in the global commercial vehicles market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global commercial vehicles market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global commercial vehicles market is segmented -
1) By Type: Light Commercial Vehicle, Heavy Trucks, Buses And Coaches
2) By Fuel Type: Gasoline, Diesel, Others
3) By Application: Mining & Construction, Logistics, Passenger Transportation, Others
4) By Propulsion Type: IC Engine, Electric Vehicle
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Few Points From Table Of Content
1.Executive Summary
2.Report Structure
3.Commercial Vehicles Market Characteristics
4.Commercial Vehicles Market Product Analysis
5.Commercial Vehicles Market Supply Chain
.....
21. Key Mergers And Acquisitions In The Commercial Vehicle Market
22. Market Background: Motor Vehicles Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
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