Commercial Vehicle Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	200 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185607

Best Price Guarantee
Price	from $4,850
Length	200 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185607

Commercial Vehicle Market

Growth Factors of Commercial Vehicle Market

The commercial vehicle market size was valued at USD 1,073 billion in 2023, and the market is now projected to grow from USD 1,184 billion in 2024 to USD 2,080 billion by 2032, exhibiting a CAGR of 7.3% during the forecast period of 2023-2030.

The COVID-19 pandemic created significant opportunities on the commercial vehicle market growth as curbing coronavirus outbreak was prioritized. With regulations on motion and commercial enterprise sports, industries inclusive of logistics, construction, and transportation skilled a reduced demand for industrial automobiles. However, the market turned into recorded to get better as economic activities regularly resumed and infrastructure initiatives had been relaunched.

The commercial vehicle share globally has been contributed due to the electrification and adoption of advanced technologies. Globally, the rising air pollution resulting from the gas emitted by conventional cars results in environmental crises. This has endorsed production groups to shift toward sustainable assets of electricity. The public transportation systems of diverse areas are adopting electrification in freight cars to promote zero-emission public transport while at the same time making preserving the environment easy and breathable for citizens.

Furthermore, there’s been a notable trend of growing usage of advanced technologies. Cloud computing plays a critical role in freight car manufacturing, and its offerings range from operation to layout to control of numerous systems. The functions of cloud computing can lessen fees, thereby minimizing and reducing waste.

Comprehensive Analysis of Commercial Vehicle Market

The commercial vehicle market and transportation & logistics industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the transportation & logistics industry. These segmentations are methodically segregated by types of type and fuel type. The types include, Light Commercial Vehicle, Heavy Vehicle, and Buses, By fuel type I.C. Engine, EV.

The North American region is conducive to the global respiratory devices market, leading to a recall of USD 485.31 billion owing to growing demand for freight vehicles. There has been growing call for long-distance operations from fleet control in this vicinity. It is envisioned that the region will showcase an appropriate boom in the worldwide market. As the demand for personnel and load transportation continues to grow, it's widely predicted that this demand will substantially grow in the future.

The top players in the market play a crucial role in the transportation & logistics industry assuring industrial prospectus growth and setting market standards. These players include, Daimler AG (Germany), PACCAR Inc. (U.S.), Hino (Japan), Scania (Sweden), Tata Motors (India), Navistar International Corp (U.S.), BYD Auto Co., Ltd. (China), AB Volvo (Sweden), and Toyota Motor Corporation (Japan) these market players provide a level-playing competitive landscape.

In February 2024, VE Commercial Vehicles Ltd., a joint mission between Sweden’s Volvo Group and Eicher Motors, entered the small industrial vehicle (SCV) marketplace via launching an electric-powered product in the fast-developing 2-three.Five GVW (gross automobile weight) pick-up section market.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.3% over 2024 to 2032

Unit Value (USD Billion) & Volume (Thousand Units)

Segmentation By Vehicle Type

- Light Commercial Vehicle

- Heavy Vehicle

- Buses

By Fuel Type

- I.C. Engine

- Electric Vehicle (EV)

By Geography

- North America (By Vehicle Type, By Fuel Type)

U.S. (By Vehicle Type)
Canada (By Vehicle Type)
Mexico (By Vehicle Type)

- Europe (By Vehicle Type, By Fuel Type)

U.K. (By Vehicle Type)
Germany (By Vehicle Type)
France (By Vehicle Type)
Rest of Europe (By Vehicle Type)

- Asia Pacific (By Vehicle Type, By Fuel Type)

China (By Vehicle Type)
India (By Vehicle Type)
Japan (By Vehicle Type)
South Korea (By Vehicle Type)
Rest of the APAC (By Vehicle Type)

- Rest of the World (By Vehicle Type, By Fuel Type)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Porter’s Five Forces Analysis; 4.2. SWOT Analysis; 4.3. Technological Developments; 4.4. Distribution of Commercial Vehicle Market (in Value & Volume); 4.5. Impact of COVID-19
5. Global Commercial Vehicle Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Analysis, Insights and Forecast – By Fuel Type; 5.2.1. I.C. Engine; 5.2.2. Electric Vehicles; 5.3. Market Analysis, Insights and Forecast – By Vehicle Type; 5.3.1. LCV; 5.3.2. HCV; 5.3.3. Buses; 5.4. Market Analysis, Insights and Forecast – By Region; 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Rest of the World
6. North America Commercial Vehicle Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Analysis, Insights and Forecast – By Fuel Type; 6.2.1. I.C. Engine; 6.2.2. Electric Vehicle (E.V.); 6.3. Market Analysis, Insights and Forecast – By Vehicle Type; 6.3.1. LCV; 6.3.2. HCV; 6.3.3. Buses; 6.4. Market Analysis – By Country (Value & Volume); 6.4.1. U.S.; 6.4.1.1. By Vehicle Type; 6.4.2. Canada; 6.4.2.1. By Vehicle Type; 6.4.3. Mexico; 6.4.3.1. By Vehicle Type
7. Europe Commercial Vehicle Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Analysis, Insights and Forecast – By Fuel Type; 7.2.1. I.C. Engine; 7.2.2. Electric Vehicles; 7.3. Market Analysis, Insights and Forecast – By Vehicle Type; 7.3.1. LCV; 7.3.2. HCV; 7.3.3. Buses; 7.4. Market Analysis – By Country (Value & Volume); 7.4.1. U.K.; 7.4.1.1. By Vehicle Type; 7.4.2. Germany; 7.4.2.1. By Vehicle Type; 7.4.3. France; 7.4.3.1. By Vehicle Type; 7.4.4. Rest of Europe; 7.4.4.1. By Vehicle Type
8. Asia Pacific Commercial Vehicle Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Analysis, Insights and Forecast – By Fuel Type; 8.2.1. I.C. Engine; 8.2.2. Electric Vehicles; 8.3. Market Analysis, Insights and Forecast – By Vehicle Type; 8.3.1. LCV; 8.3.2. HCV; 8.3.3. Buses; 8.4. Market Analysis – By Country (Value & Volume); 8.4.1. China; 8.4.1.1. By Vehicle Type; 8.4.2. Japan; 8.4.2.1. By Vehicle Type; 8.4.3. India; 8.4.3.1. By Vehicle Type; 8.4.4. South Korea; 8.4.4.1. By Vehicle Type; 8.4.5. Rest of Asia Pacific; 8.4.5.1. By Vehicle Type
9. Rest of The World Commercial Vehicle Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Analysis, Insights and Forecast – By Fuel Type; 9.2.1. I.C. Engine; 9.2.2. Electric Vehicles; 9.3. Market Analysis, Insights and Forecast – By Vehicle Type; 9.3.1. LCV; 9.3.2. HCV; 9.3.3. Buses
10. Competitive Analysis: 10.1. Key Industry Developments; 10.2. Global Market Ranking Analysis (2023); 10.3. Competition Dashboard; 10.4. Comparative Analysis – Major Players; 10.5. Company Profiles; 10.5.1. Paccar Inc. (Washington, U.S.); 10.5.1.1. Overview; 10.5.1.2. Products & services; 10.5.1.3. SWOT Analysis; 10.5.1.4. Recent Developments; 10.5.1.5. Strategies; 10.5.1.6. Financials (Based on Availability); 10.5.2. Daimler AG (Stuttgart, Germany); 10.5.2.1. Overview; 10.5.2.2. Products & services; 10.5.2.3. SWOT Analysis; 10.5.2.4. Recent Developments; 10.5.2.5. Strategies; 10.5.2.6. Financials (Based on Availability); 10.5.3. Scania (Sodertalje, Sweden); 10.5.3.1. Overview; 10.5.3.2. Products & services; 10.5.3.3. SWOT Analysis; 10.5.3.4. Recent Developments; 10.5.3.5. Strategies; 10.5.3.6. Financials (Based on Availability); 10.5.4. Tata Motors (Mumbai, India); 10.5.4.1. Overview; 10.5.4.2. Products & services; 10.5.4.3. SWOT Analysis; 10.5.4.4. Recent Developments; 10.5.4.5. Strategies; 10.5.4.6. Financials (Based on Availability); 10.5.5. AB Volvo (Gothenburg, Sweden); 10.5.5.1. Overview; 10.5.5.2. Products & services; 10.5.5.3. SWOT Analysis; 10.5.5.4. Recent Developments; 10.5.5.5. Strategies; 10.5.5.6. Financials (Based on Availability); 10.5.6. Hino Motors (Tokyo, Japan); 10.5.6.1. Overview; 10.5.6.2. Products & services; 10.5.6.3. SWOT Analysis; 10.5.6.4. Recent Developments; 10.5.6.5. Strategies; 10.5.6.6. Financials (Based on Availability); 10.5.7. Navistar International Corporation (Illinois, U.S.); 10.5.7.1. Overview; 10.5.7.2. Products & services; 10.5.7.3. SWOT Analysis; 10.5.7.4. Recent Developments; 10.5.7.5. Strategies; 10.5.7.6. Financials (Based on Availability); 10.5.8. Toyota Motor Corporation (Aichi, Japan); 10.5.8.1. Overview; 10.5.8.2. Products & services; 10.5.8.3. SWOT Analysis; 10.5.8.4. Recent Developments; 10.5.8.5. Strategies; 10.5.8.6. Financials (Based on Availability); 10.5.9. BYD (Shenzhen, China); 10.5.9.1. Overview; 10.5.9.2. Products & services; 10.5.9.3. SWOT Analysis; 10.5.9.4. Recent Developments; 10.5.9.5. Strategies; 10.5.9.6. Financials (Based on Availability)