Canada Commercial Vehicles - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029
The Canada Commercial Vehicles Market size is estimated at USD 23.65 billion in 2024, and is expected to reach USD 25.43 billion by 2029, growing at a CAGR of 1.46% during the forecast period (2024-2029).
Key Highlights
- Largest Segment by Vehicle Type - Trucks : The rise in international trade,and emphasis on passenger and vehicle safety as medium-duty trucks are easy to handle has made medium-duty trucks the largest segment in a CV in Canada.
- Fastest-growing Segment by Fuel Type - Diesel : Stringent norms, awareness of e-mobility, development in charging infrastructure and incentiveS is making BEV as fastest growing fuel type in the Canada commercial vehicle market.
- Largest Segment by Fuel Type - CNG : Diesel acquires largest share in Canada commercial vehicles market due to the traditional and reliable fuel type (more power and torque and fuel is easily available) over others (electric or CNG).
- Fastest-growing Segment by Vehicle Type - Trucks : The Growth in construction projects, trading, and increase in the logistics usage for heavy carriages is making heavy trucks the fastest-growing body type in commercial vehicle sales in Canada.
Canada Commercial Vehicles Industry Overview
The Canada Commercial Vehicles Market is fragmented, with the top five companies occupying 26.54%. The major players in this market are GM motors, ISUZU COMMERCIAL TRUCKS, Mitsubishi Fuso Truck and Bus Corporation, Toyota motor corporation and Volvo group (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
- 1 EXECUTIVE SUMMARY & KEY FINDINGS
- 2 REPORT OFFERS
- 3 INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
- 4 KEY INDUSTRY TRENDS
- 4.1 Population
- 4.2 GDP
- 4.3 CVP
- 4.4 Inflation Rate
- 4.5 Interest Rate For Auto Loans
- 4.6 Battery Price (per Kwh)
- 4.7 Electrification Impact
- 4.8 New XEV Models Announced
- 4.9 Charging Stations Deployment
- 4.10 Regulatory Framework
- 4.11 Value Chain & Distribution Channel Analysis
- 5 MARKET SEGMENTATION
- 5.1 Vehicle Type
- 5.1.1 Commercial Vehicles
- 5.1.1.1 Buses
- 5.1.1.2 Heavy-duty Commercial Trucks
- 5.1.1.3 Light Commercial Pick-up Trucks
- 5.1.1.4 Light Commercial Vans
- 5.1.1.5 Medium-duty Commercial Trucks
- 5.2 Engine Type
- 5.2.1 Hybrid And Electric Vehicles
- 5.2.1.1 By Fuel Type
- 5.2.1.1.1 BEV
- 5.2.1.1.2 FCEV
- 5.2.1.1.3 HEV
- 5.2.1.1.4 PHEV
- 5.2.2 ICE
- 5.2.2.1 By Fuel Type
- 5.2.2.1.1 CNG
- 5.2.2.1.2 Diesel
- 5.2.2.1.3 Gasoline
- 5.2.2.1.4 LPG
- 6 COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
- 6.4 Company Profiles
- 6.4.1 Daimler Trucks North America
- 6.4.2 Ford motor company
- 6.4.3 GM motors
- 6.4.4 Hino Motors, Ltd.
- 6.4.5 ISUZU COMMERCIAL TRUCKS
- 6.4.6 Mitsubishi Fuso Truck and Bus Corporation
- 6.4.7 Toyota motor corporation
- 6.4.8 Volvo group
- 7 KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
- 8 APPENDIX
- 8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter's Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
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