Press release
Commercial Vehicles Market Growth, Business Opportunities, Top Manufacture, Status, Regional Outlook and Global Forecast to 2028
The Global Commercial Vehicles Market Report Forecast 2022 - 2028 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Commercial Vehicles market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.(Exclusive Offer: Flat 25% discount on this report)
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Top Key Players in the Global Commercial Vehicles Market: Daimler AG, Renault-Nissan, GM, Ford, Isuzu, VW, FCA, Paccar, Navistar, Sinotruk Group, Geely, Toyota, Honda, Chery, PSA, Volvo, Hyundai Motor, Tata Motor, Mahindra & Mahindra, JAC, FAW, Zhengzhou Yutong Bus
Industry News:
In January 2020, Peterbilt Motors Company and Dana Incorporated announced their collaboration on electric powertrain development for Peterbilt Model 220EV battery electric vehicles. The 220EV features a range between 100 to 200 miles. Using the vehicle's DC fast-charging system, the high-energy-density battery packs can recharge in an hour, making the 220EV ideal for local pickup and delivery, as well as short regional haul operations.
In February 2020, Volvo Trucks displayed its North American Class 8 battery-electric project trucks in Fontana, California. In Europe, Volvo Trucks recently started the sales of electric trucks for urban transport and demonstrated electric concept trucks for construction operations and regional distribution.
Market Segmentation:
By Type:
Light Commercial Vehicle
Medium/Heavy Trucks
Buses & Coaches
By Application:
Household
Construction
Public Service
Regional Analysis:
The report offers an in-depth assessment of the growth and other aspects of the Commercial Vehicles market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Asia-Pacific likely to Exhibit the Highest Growth Rate during the Forecast Period
Some of the major factors driving the growth of the market include the increasing environmental concerns (owing to the rising exhaust emissions), enactment of stringent emissions and fuel economy norms, and the increasing government initiatives in terms of subsidies and benefits to increase the adoption rate of electric vehicles and replace heavy-duty diesel and gasoline-run vehicles with zero-emission electric vehicles.
Transit agencies across various countries have been significantly promoting the adoption of electric buses for public transportation. Although the penetration is very low in geographies, such as North America, the adoption rate is picking up in Asia-Pacific and Europe. According to the UITP, the share of electric buses among the entire bus sale will be 10% in 2019, and it is expected to cross 20% market share in 2021.
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Influence of the Commercial Vehicles Market report:
-Comprehensive assessment of all opportunities and risks in the Commercial Vehicles Market.
-Commercial Vehicles Market recent innovations and major events.
-A Detailed study of business strategies for the growth of the Commercial Vehicles Market-leading players.
-Conclusive study about the growth plot of Commercial Vehicles Market for forthcoming years.
-In-depth understanding of Commercial Vehicles Market -particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Commercial Vehicles Market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics, and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The global Commercial Vehicles market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The research includes historic data from 2017 to 2022 and forecasts until 2028 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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