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Commercial Vehicle Market 2022 Analysis By Size, Share, Growth, Trends Up To 2030 | Diamler AG, Volvo Group, PACCAR Inc., Dongfeng Motor Group Company Limited, Volkswagen AG
Commercial Vehicle Market
According to The Business Research Company's Commercial Vehicle market report, the commercial vehicle market reached a value of nearly $719,081.2 million in 2020, having increased at a compound annual growth rate (CAGR) of 6.2% since 2015. The market is expected to grow at a CAGR of 9.5% from 2020 to reach $1,132,567.9 million in 2025. The global commercial vehicle market is expected to reach $1,653,161.1 million in 2030, at a CAGR of 7.9%.
The increase in online shopping is expected to drive the light commercial vehicle demand, thereby contributing to the market expansion. As urbanization has increased, it has created new retail and e-commerce platforms that require efficient logistics, which could be fulfilled by light commercial vehicles (LCV). Moreover, the current pandemic situation has spiked online shopping demand owing to health concerns.
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The Commercial Vehicle market is segmented -
• By Type : Light Commercial Vehicle, Heavy Trucks Buses, Coaches
• By Fuel Type : Gasoline, Diesel
• By Propulsion Type : IC Engine, Electric Vehicle
• By Application : Mining & Construction, Logistics, Passenger Transportation
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Commercial Vehicle market.
Major competitors in the Commercial Vehicle market include Diamler AG, Volvo Group, PACCAR Inc., Dongfeng Motor Group Company Limited, Volkswagen AG
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https://www.thebusinessresearchcompany.com/report/commercial-vehicle-global-market
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 purposes heavy duty motor vehicles for highway use.
The Table Of Content For The Commercial Vehicle Market Include:
1. Commercial Vehicle Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
26. Market Background: Motor Vehicles Market
27. Commercial Vehicle Market Opportunities And Strategies
28. Commercial Vehicle Market, Conclusions And Recommendations
29. Appendix
The Business Research Company's "Global Commercial Vehicle Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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