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Commercial Vehicles Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Commercial Vehicles Market SizeThe global Commercial Vehicles market is projected to reach US$ 1063820 million by 2030 from an estimated US$ 979260 million in 2024, at a CAGR of 1.4% during 2024 and 2030.
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Global core commercial vehicles manufacturers include FootJoy, Toyota, Ford etc.The top 5 companies hold a share about 30%.North America is the largest market, with a share about 32%, followed by Europe and China with the share about 30% and 18%.In terms of product, light commercial vehicle is the largest segment, with a share over 68%. And in terms of application, the largest application is transportation and logistics, followed by construction.
By Type
• Light Commercial Vehicle
• Medium Duty/Heavy Duty Vehicle
• Buses & Coaches
By Application
• Transportation and Logistics
• Construction
• Public Transit
Key Companies
GM, Toyota, Ford, Daimler, Volvo, Stellantis, PACCAR, Faw Jiefang Group, Man Truck & bus, Scania, Iveco, Sinotruck, Shaanxi Heavy Duty Automobile, Isuzu Motors, Navistar, Tata Motors, Yutong, BYD
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