Global Commercial Vehicle Market Assessment, By Vehicle Type [Light Commercial Vehicle, Medium Commercial Vehicle, Heavy Commercial Vehicle], By Type [Trucks, Vans, Cars, Special, Others], By Fuel Type [Petrol, Diesel, Electrically- Chargeable (ECV), Hybrid Electric (HEV), Others], By Application [Logistics, Construction, Mining, Agriculture, Others], By Region, Opportunities and Forecast, 2016-2030F
Global Commercial Vehicle Market size was valued at USD 1259.81 billion in 2022 which is expected to reach USD 1976.34 billion in 2030 with a CAGR of 5.79% for the forecast period between 2023 and 2030.
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Global Commercial Vehicle Market size was valued at USD 1259.81 billion in 2022 which is expected to reach USD 1976.34 billion in 2030 with a CAGR of 5.79% for the forecast period between 2023 and 2030. The global commercial vehicle market is a dynamic and competitive industry that encompasses the production, sale, and distribution of vehicles primarily designed for commercial use. In recent years, several market drivers have been shaping the landscape of this industry. Economic growth, particularly in emerging markets, has resulted in increased demand for commercial vehicles as businesses expand and require efficient transportation solutions. Additionally, the growth of e-commerce and last-mile delivery services has fueled the need for commercial vehicles tailored to meet the demands of online retail. Stricter government regulations and emission standards worldwide have also been significant market drivers, pushing manufacturers to innovate and develop vehicles with lower emissions and improved fuel efficiency.
Furthermore, the commercial vehicle market is experiencing a wave of new innovations. One of the key areas of focus is the development of electric vehicles (EVs). With the push for sustainability and reducing carbon footprints, manufacturers are investing heavily in the production of electric commercial vehicles. EVs offer numerous advantages, such as lower operating costs and reduced environmental impact. Additionally, advancements in autonomous driving technology are transforming the industry, with companies developing self-driving commercial vehicles that can enhance safety and efficiency. Connectivity and telematics systems are also being integrated into commercial vehicles, allowing for real-time monitoring, data analytics, and improved fleet management.
For instance, in 2022, Mahindra & Mahindra and the Volkswagen Group have revealed their plans to enhance their collaboration by signing a Term Sheet. The agreement focuses on the supply of MEB (Modular Electric Drive Matrix) electric components from Volkswagen for Mahindra's upcoming electric platform called INGLO. This move strengthens their existing Partnering Agreement, demonstrating their commitment to furthering their cooperation in the electric vehicle domain. By leveraging the MEB electric components, Mahindra aims to enhance the capabilities of their electric platform and expand their portfolio of purpose-built electric vehicles.
The Growth of the Last-Mile Delivery Market
The growth of the last-mile delivery market has had a profound impact on the global commercial vehicle market. With the surge in e-commerce and online shopping, there is an increasing demand for efficient and timely delivery of goods to customers' doorsteps. This has created a significant need for commercial vehicles specifically designed for last-mile delivery, such as vans and small trucks. Delivery service providers and e-commerce companies are expanding their fleets to meet the rising demand, leading to a boost in commercial vehicle sales. Additionally, the last-mile delivery market has also witnessed innovations, including electric and hybrid vehicles, to address environmental concerns and reduce operating costs. As e-commerce continues to flourish, the last-mile delivery segment is expected to remain a driving force behind the growth of the global commercial vehicle market. For example, in July 2022, Walmart and Canoo, a high-tech advanced mobility company based in the United States, entered into an agreement where Walmart is to purchase 4,500 all-electric delivery vehicles from Canoo to be used for last-mile deliveries. It also expressed its interest to purchase 10,000 more units in the coming years from Canoo.
Higher Demand for ECV’s Owing to Sustainability Concerns & Technological Developments
There has been an increase in the demand for Electric Commercial Vehicles (ECVs) on a global scale, driven by sustainability concerns and advancements in technology. As the world strives to combat climate change and reduce carbon emissions, the transportation sector, including commercial vehicles, plays a crucial role in achieving these environmental goals. ECVs offer several advantages over traditional internal combustion engine vehicles, including lower or zero emissions, reduced dependence on fossil fuels, and quieter operation. Governments and organizations worldwide are implementing stricter regulations and incentivizing the adoption of electric vehicles to curb pollution and create a more sustainable transportation ecosystem. In addition to sustainability, rapid developments in technology have played a pivotal role in the increased demand for ECVs. Technological advancements in battery technology, including improvements in energy density, charging infrastructure, and range capabilities, have addressed the range of anxiety concerns associated with electric vehicles. These advancements have made ECVs a viable and attractive option for businesses, offering operational cost savings and long-term environmental benefits.
Furthermore, the development of supporting infrastructure, such as the establishment of charging networks and battery-swapping solutions, has eased the transition to ECVs and alleviated concerns about range limitations. Additionally, advancements in telematics, connectivity, and autonomous driving technologies have enhanced the operational efficiency, safety, and management of ECV fleets, further driving their adoption in the global commercial vehicle market. For instance, the Freightliner eCascadia is a semi-trailer truck in the Class 8 category that operates on battery-electric power. It features a robust 470-horsepower electric motor and is powered by a 438-kWh battery pack. With a range of up to 230 miles on a single charge, the eCascadia offers impressive operational capabilities. Recharging the truck is convenient and efficient, taking approximately 90 minutes when using a DC fast charger. The eCascadia is equipped with cutting-edge technologies, including a regenerative braking system that captures energy during braking, a lane departure warning system to enhance safety, and an adaptive cruise control system for improved driving efficiency.
The Market is Driven by Logistics Segment
The logistics segment plays a crucial role in driving the global commercial vehicle market. As the demand for efficient transportation and logistics services continues to grow, the need for commercial vehicles rises in tandem. The logistics sector encompasses various industries, including e-commerce, retail, manufacturing, and distribution, all of which heavily rely on commercial vehicles to move goods and ensure timely deliveries. The expanding global supply chains, coupled with the rise of e-commerce, have heightened the significance of the logistics segment in driving the commercial vehicle market. To meet the evolving demands of sustainability, several logistics companies are opting for electric vehicles in order to reduce the carbon emission level and contribute significantly to the conservation of nature.
In 2022, Team Global Express, an Australian express freight company, made its largest electric truck order in Australia with Volvo. They have recently placed an order for 36 Volvo FL Electric trucks. This significant order marks a milestone for Volvo as it demonstrates the growing demand for electric trucks in the Australian market. The trucks are scheduled to be deployed on the streets of Sydney in the first quarter of 2023. This move by Team Global Express reflects its commitment to sustainable transportation solutions and aligns with the broader global trend towards electrification in the commercial vehicle industry. The introduction of these electric trucks will not only contribute to reducing emissions but also showcase the viability and reliability of electric vehicles in demanding freight operations.
Impact of COVID-19
The pandemic had a significant impact on the global commercial vehicle market. As countries implemented lockdowns and travel restrictions, businesses and industries faced disruptions, resulting in reduced demand for commercial vehicles. Many fleet operators and businesses postponed or canceled their vehicle purchases due to uncertain economic conditions. Supply chain disruptions and production halts also affected the availability of commercial vehicles. Furthermore, the decline in consumer spending and reduced economic activity impacted industries such as logistics, transportation, and construction, which are major users of commercial vehicles. However, as the global economy gradually recovers and vaccination efforts progress, there is optimism for a rebound in the commercial vehicle market. The demand for last-mile delivery vehicles has surged with the rise of e-commerce during the pandemic, and the need for efficient and sustainable transportation solutions is expected to drive the market's recovery.
Impact of Russia-Ukraine War
The Russia-Ukraine war had a significant impact on the global commercial vehicle market. The conflict has disrupted trade routes, caused political uncertainties, and strained diplomatic relations. These factors have led to a decline in commercial vehicle sales, particularly in the affected regions. The uncertainty surrounding the conflict has made businesses hesitant to invest in new vehicles, leading to a slowdown in demand. Additionally, trade disruptions and supply chain interruptions have affected the availability of components and raw materials, leading to production delays and increased costs. The geopolitical tensions have also led to increased trade barriers and regulations, further impeding the movement of commercial vehicles across borders. Overall, the Russia-Ukraine war has created a challenging environment for the global commercial vehicle market, impacting sales, production, and international trade. The resolution of the conflict and the restoration of stable trade conditions will be essential for the recovery and growth of the market.
Global Commercial Vehicle Market: Report Scope
Global Commercial Vehicle Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets & Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of the commercial vehicle market globally, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
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Details |
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Base Year of the Analysis |
2022 |
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Historical Period |
2016-2021 |
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Forecast Period |
2023-2030 |
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Projected Growth Rate |
CAGR of 5.79% between 2023 and 2030 |
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Revenue Forecast in 2030 |
USD 1976.34 billion |
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Units |
Revenue in USD Billion |
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Segments Covered |
By Vehicle Type, By Type, Fuel Type, Application |
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Regions Covered |
North America, Europe, South America, Asia-Pacific, Middle East, and Africa |
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Key Companies Profiled |
Ashok Leyland Limited, Daimler Truck AG., Toyota Motor Corporation, Volkswagen AG, Mahindra & Mahindra Limited, AB Volvo, TATA Motors, General Motors, Golden Dragon, Dongfeng Motor Company |
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Customization Scope |
15% free report customization with purchase |
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Pricing and Purchase Options |
Avail the customized purchase options to fulfil your precise research needs |
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Delivery Format |
PDF and Excel through email (subject to the license purchased) |
In this report, Global Commercial Vehicle Market has been segmented into the following categories:
1. By Vehicle Type
1.1. Light Commercial Vehicle
1.2. Medium Commercial Vehicle
1.3. Heavy Commercial Vehicle
2. By Type
2.1. Trucks
2.1.1.Semi-Trucks
2.1.2.Box-Trucks
2.1.3.Pickup-Trucks
2.1.4.Fire Trucks
2.1.5.Crane Trucks
2.1.6.Others
2.2. Vans
2.2.1.Step Vans
2.2.2.Cargo Vans
2.2.3.Passenger Vans
2.3. Cars
2.3.1.Rental Cars
2.3.2.Taxi
2.3.3.Delivery Vehicles
2.4. Special
2.4.1.Passenger Trolleys
2.4.2.RV-Style Mobile Services
2.5. Others
3. By Fuel Type
3.1. Petrol
3.2. Diesel
3.3. Electrically- Chargeable (ECV)
3.4. Hybrid Electric (HEV)
3.5. Others
4. By Application
4.1. Logistics
4.2. Construction
4.3. Mining
4.4. Agriculture
4.5. Others
5. By Region
5.1. North America
5.2. Europe
5.3. South America
5.4. Asia-Pacific
5.5. Middle East and Africa
Key Players Landscape and Outlook
The global commercial vehicle market is highly competitive and features several key players who play a significant role in shaping the industry. Major manufacturers such as Daimler AG, Volvo Group, Volkswagen AG, Ford Motor Company, and Tata Motors Limited dominate the market with their extensive product portfolios and global presence. These companies continually invest in research and development to introduce innovative technologies, including electric and autonomous vehicles, to meet evolving customer demands and regulatory requirements. Additionally, partnerships and collaborations with technology firms and startups are becoming more prevalent as companies seek to leverage expertise and accelerate innovation. The global commercial vehicle market is expected to witness steady growth, driven by factors such as increasing urbanization, e-commerce expansion, and sustainability initiatives. The adoption of electric vehicles, advancements in connectivity and telematics, and the integration of autonomous driving technologies are expected to shape the future of the industry, providing opportunities for both established players and new entrants to thrive.
For instance, in 2022, to stay at the forefront of advancing technology, Volvo's commercial trucking division is currently conducting tests on semi-trucks powered by hydrogen fuel cells. These fuel cells are developed in collaboration with Cell Centric, a joint venture between Volvo and Daimler Truck Automotive Group. Volvo states that these trucks have an impressive range of 1,000 kilometers (approximately 621 miles) and can be refueled in less than 15 minutes. By exploring the potential of hydrogen fuel cells, Volvo aims to position itself ahead in the market and contribute to the development of more sustainable and efficient transportation solutions.
Market Xcel’s reports answer the following questions:
• What is the current and future market size of the product/service in question globally or specific to different countries?
• How are the markets divided into different product/service segments and the market size and growth of each segment?
• What is the market potential of different product segments and their investment case?
• How are the markets predicted to develop in the future and what factors will drive or inhibit growth?
• What is the business environment and regulatory landscape specific to the product/service?
Key Players Operating in Global Commercial Vehicle Market
· Ashok Leyland Limited
· Daimler Truck AG.
· Toyota Motor Corporation
· Volkswagen AG
· Mahindra & Mahindra Limited
· AB Volvo
· TATA Motors
· General Motors
· Golden Dragon
· Dongfeng Motor Company
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Table of Contents
1. Research Methodology
2. Project Scope & Definitions
3. Impact of Russia-Ukraine War
4. Executive Summary
5. Voice of Customer
5.1. By Demographics (Age, Geography, Income, etc.)
5.2. Brand Awareness and Loyalty
5.3. Factors Considered in Purchase Decision
5.3.1.Affordability
5.3.2.Comfort
5.3.3.Reliability
5.3.4.Style and Design
5.3.5.Environmental Concerns
5.3.6.Purpose/Usage
5.3.7.Promotional Offers
5.3.8.Reviews and Recommendations
5.4. Medium of Purchase
5.5. Frequency of Purchase
5.6. Understanding of Channel Retail
6. Global Commercial Vehicle Market Outlook, 2016-2030F
6.1. Market Size & Forecast
6.1.1.By Value
6.1.2.By Volume
6.2.1. Light Commercial Vehicle
6.2.2. Medium Commercial Vehicle
6.2.3. Heavy Commercial Vehicle
6.3.1. Trucks
6.3.1.1. Semi-Trucks
6.3.1.2. Box-Trucks
6.3.1.3. Pickup-Trucks
6.3.1.4. Fire Trucks
6.3.1.5. Crane Trucks
6.3.1.6. Others
6.3.2. Vans
6.3.2.1. Step Vans
6.3.2.2. Cargo Vans
6.3.2.3. Passenger Vans
6.3.3. Cars
6.3.3.1. Rental Cars
6.3.3.2. Taxi
6.3.3.3. Delivery Vehicles
6.3.4. Special
6.3.4.1. Passenger Trolleys
6.3.4.2. RV-Style Mobile Services
6.3.5. Others
6.4. By Fuel Type
6.4.1. Petrol
6.4.2. Diesel
6.4.3. Electrically- Chargeable (ECV)
6.4.4. Hybrid Electric (HEV)
6.4.5. Others
6.5. By Application
6.5.1. Logistics
6.5.2. Construction
6.5.3. Mining
6.5.4. Agriculture
6.5.5. Others
6.6. By Region
6.6.1.North America
6.6.2.Europe
6.6.3.South America
6.6.4.Asia-Pacific
6.6.5.Middle East and Africa
6.7. By Company Market Share (%), 2022
7. Global Commercial Vehicle Market Outlook, By Region, 2016-2030F
7.1. North America*
7.1.1. By Vehicle Type
7.1.1.1. Light Commercial Vehicle
7.1.1.2. Medium Commercial Vehicle
7.1.1.3. Heavy Commercial Vehicle
7.1.2.By Fuel Type
7.1.2.1. Petrol
7.1.2.2. Diesel
7.1.2.3. Electrically- Chargeable (ECV)
7.1.2.4. Hybrid Electric (HEV)
7.1.2.5. Others
7.1.3. By Type
7.1.3.1. Trucks
7.1.3.1.1. Semi-Trucks
7.1.3.1.2. Box-Trucks
7.1.3.1.3. Pickup-Trucks
7.1.3.1.4. Fire Trucks
7.1.3.1.5. Crane Trucks
7.1.3.1.6. Others
7.1.3.2. Vans
7.1.3.2.1. Step Vans
7.1.3.2.2. Cargo Vans
7.1.3.2.3. Passenger Vans
7.1.3.3. Cars
7.1.3.3.1. Rental Cars
7.1.3.3.2. Taxi
7.1.3.3.3. Delivery Vehicles
7.1.3.4. Special
7.1.3.4.1. Passenger Trolleys
7.1.3.4.2. RV-Style Mobile Services
7.1.3.5. Others
7.1.4.By Application
7.1.4.1. Logistics
7.1.4.2. Construction
7.1.4.3. Mining
7.1.4.4. Agriculture
7.1.4.5. Others
7.1.5. United States*
7.1.5.1. By Vehicle Type
7.1.5.1.1. Light Commercial Vehicle
7.1.5.1.2. Medium Commercial Vehicle
7.1.5.1.3. Heavy Commercial Vehicle
7.1.5.2. By Type
7.1.5.2.1. Trucks
7.1.5.2.1.1. Semi-Trucks
7.1.5.2.1.2. Box-Trucks
7.1.5.2.1.3. Pickup-Trucks
7.1.5.2.1.4. Fire Trucks
7.1.5.2.1.5. Crane Trucks
7.1.5.2.1.6. Others
7.1.5.2.2. Vans
7.1.5.2.2.1. Step Vans
7.1.5.2.2.2. Cargo Vans
7.1.5.2.2.3. Passenger Vans
7.1.5.2.3. Cars
7.1.5.2.3.1. Rental Cars
7.1.5.2.3.2. Taxi
7.1.5.2.3.3. Delivery Vehicles
7.1.5.2.4. Special
7.1.5.2.4.1. Passenger Trolleys
7.1.5.2.4.2. RV-Style Mobile Services
7.1.5.2.5. Others
7.1.5.3. By Fuel Type
7.1.5.3.1. Petrol
7.1.5.3.2. Diesel
7.1.5.3.3. Electrically- Chargeable (ECV)
7.1.5.3.4. Hybrid Electric (HEV)
7.1.5.3.5. Others
7.1.5.4. By End-user
7.1.5.4.1. Logistics
7.1.5.4.2. Construction
7.1.5.4.3. Mining
7.1.5.4.4. Agriculture
7.1.5.4.5. Others
7.1.6.Canada
7.1.7.Mexico
*All segments will be provided for all regions and countries covered
7.2. Europe
7.2.1.Germany
7.2.2.France
7.2.3.Italy
7.2.4.United Kingdom
7.2.5.Russia
7.2.6.Netherlands
7.2.7.Spain
7.2.8.Turkey
7.2.9.Poland
7.3. South America
7.3.1.Brazil
7.3.2.Argentina
7.4. Asia Pacific
7.4.1.India
7.4.2.China
7.4.3.Japan
7.4.4.Australia
7.4.5.Vietnam
7.4.6.South Korea
7.4.7.Indonesia
7.4.8.Philippines
7.5. Middle East & Africa
7.5.1.Saudi Arabia
7.5.2.UAE
7.5.3.South Africa
8. Market Mapping, 2022
8.1. By Vehicle Type
8.2. By Type
8.3. By Fuel Type
8.4. By End-user
8.5. By Region
9. Macro Environment and Industry Structure
9.1. Supply Demand Analysis
9.2. Import Export Analysis
9.3. Value Chain Analysis
9.4. PESTEL Analysis
9.4.1.Political Factors
9.4.2.Economic System
9.4.3.Social Implications
9.4.4.Technological Advancements
9.4.5.Environmental Impacts
9.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)
9.5. Porter’s Five Forces Analysis
9.5.1.Supplier Power
9.5.2.Buyer Power
9.5.3.Substitution Threat
9.5.4.Threat from New Entrant
9.5.5.Competitive Rivalry
10. Market Dynamics
10.1. Growth Drivers
10.2. Growth Inhibitors (Challenges and Restraints)
11. Key Players Landscape
11.1. Competition Matrix of Top Five Market Leaders
11.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2022)
11.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
11.4. SWOT Analysis (For Five Market Players)
11.5. Patent Analysis (If Applicable)
12. Pricing Analysis
13. Case Studies
14. Key Players Outlook
14.1.1. Company Details
14.1.2. Key Management Personnel
14.1.3. Products & Services
14.1.4. Financials (As reported)
14.1.5. Key Market Focus & Geographical Presence
14.1.6. Recent Developments
14.2. Daimler Truck AG.
14.3. Toyota Motor Corporation
14.4. Volkswagen AG
14.5. Mahindra & Mahindra Limited
14.6. AB Volvo
14.7. TATA Motors
14.8. General Motors
14.9. Golden Dragon
14.10. Dongfeng Motor Company
*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work
15. Strategic Recommendations
16. About Us & Disclaimer
List of Figure - Global Commercial Vehicle Market
Figure 1. Global Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 2. Global Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 3. Global Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 4. Global Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 5. Global Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 6. Global Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 7. Global Commercial Vehicle Market Share, By Region, In USD Billion, 2016-2030F
Figure 8. North America Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 9. North America Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 10. North America Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 11. North America Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 12. North America Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 13. North America Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 14. North America Commercial Vehicle Market Share, By Country, In USD Billion, 2016-2030F
Figure 15. United States Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 16. United States Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 17. United States Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 18. United States Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 19. United States Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 20. United States Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 21. Canada Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 22. Canada Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 23. Canada Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 24. Canada Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 25. Canada Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 26. Canada Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 27. Mexico Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 28. Mexico Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 29. Mexico Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 30. Mexico Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 31. Mexico Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 32. Mexico Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 33. Europe Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 34. Europe Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 35. Europe Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 36. Europe Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 37. Europe Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 38. Europe Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 39. Europe Commercial Vehicle Market Share, By Country, In USD Billion, 2016-2030F
Figure 40. Germany Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 41. Germany Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 42. Germany Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 43. Germany Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 44. Germany Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 45. Germany Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 46. France Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 47. France Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 48. France Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 49. France Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 50. France Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 51. France Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 52. Italy Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 53. Italy Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 54. Italy Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 55. Italy Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 56. Italy Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 57. Italy Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 58. United Kingdom Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 59. United Kingdom Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 60. United Kingdom Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 61. United Kingdom Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 62. United Kingdom Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 63. United Kingdom Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 64. Russia Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 65. Russia Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 66. Russia Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 67. Russia Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 68. Russia Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 69. Russia Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 70. Netherlands Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 71. Netherlands Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 72. Netherlands Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 73. Netherlands Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 74. Netherlands Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 75. Netherlands Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 76. Spain Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 77. Spain Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 78. Spain Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 79. Spain Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 80. Spain Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 81. Spain Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 82. Turkey Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 83. Turkey Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 84. Turkey Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 85. Turkey Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 86. Turkey Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 87. Turkey Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 88. Poland Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 89. Poland Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 90. Poland Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 91. Poland Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 92. Poland Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 93. Poland Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 94. South America Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 95. South America Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 96. South America Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 97. South America Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 98. South America Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 99. South America Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 100. South America Commercial Vehicle Market Share, By Country, In USD Billion, 2016-2030F
Figure 101. Brazil Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 102. Brazil Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 103. Brazil Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 104. Brazil Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 105. Brazil Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 106. Brazil Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 107. Argentina Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 108. Argentina Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 109. Argentina Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 110. Argentina Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 111. Argentina Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 112. Argentina Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 113. Asia-Pacific Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 114. Asia-Pacific Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 115. Asia-Pacific Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 116. Asia-Pacific Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 117. Asia-Pacific Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 118. Asia-Pacific Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 119. Asia-Pacific Commercial Vehicle Market Share, By Country, In USD Billion, 2016-2030F
Figure 120. India Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 121. India Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 122. India Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 123. India Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 124. India Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 125. India Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 126. China Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 127. China Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 128. China Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 129. China Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 130. China Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 131. China Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 132. Japan Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 133. Japan Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 134. Japan Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 135. Japan Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 136. Japan Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 137. Japan Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 138. Australia Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 139. Australia Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 140. Australia Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 141. Australia Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 142. Australia Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 143. Australia Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 144. Vietnam Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 145. Vietnam Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 146. Vietnam Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 147. Vietnam Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 148. Vietnam Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 149. Vietnam Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 150. South Korea Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 151. South Korea Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 152. South Korea Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 153. South Korea Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 154. South Korea Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 155. South Korea Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 156. Indonesia Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 157. Indonesia Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 158. Indonesia Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 159. Indonesia Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 160. Indonesia Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 161. Indonesia Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 162. Philippines Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 163. Philippines Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 164. Philippines Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 165. Philippines Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 166. Philippines Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 167. Philippines Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 168. Middle East & Africa Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 169. Middle East & Africa Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 170. Middle East & Africa Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 171. Middle East & Africa Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 172. Middle East & Africa Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 173. Middle East & Africa Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 174. Middle East & Africa Commercial Vehicle Market Share, By Country, In USD Billion, 2016-2030F
Figure 175. Saudi Arabia Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 176. Saudi Arabia Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 177. Saudi Arabia Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 178. Saudi Arabia Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 179. Saudi Arabia Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 180. Saudi Arabia Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 181. UAE Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 182. UAE Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 183. UAE Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 184. UAE Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 185. UAE Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 186. UAE Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 187. South Africa Commercial Vehicle Market, By Value, In USD Billion, 2016-2030F
Figure 188. South Africa Commercial Vehicle Market, By Volume, In Unit Thousand, 2016-2030F
Figure 189. South Africa Commercial Vehicle Market Share, By Vehicle Type, In USD Billion, 2016-2030F
Figure 190. South Africa Commercial Vehicle Market Share, By Type, In USD Billion, 2016-2030F
Figure 191. South Africa Commercial Vehicle Market Share, By Fuel Type, In USD Billion, 2016-2030F
Figure 192. South Africa Commercial Vehicle Market Share, By End-user, In USD Billion, 2016-2030F
Figure 193. By Vehicle Type Map-Market Size (USD Billion) & Growth Rate (%), 2022
Figure 194. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2022
Figure 195. By Fuel Type Map-Market Size (USD Billion) & Growth Rate (%), 2022
Figure 196. By End-user Map-Market Size (USD Billion) & Growth Rate (%), 2022
Figure 197. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2022
List of Table - Global Commercial Vehicle Market
Table 1. Pricing Analysis of Products from Key Players
Table 2. Competition Matrix of Top 5 Market Leaders
Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
Table 4. About Us - Region and Countries Where We Have Executed Client Projects
Frequently Asked Questions
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