United States Commercial Vehicles - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029
The United States Commercial Vehicles Market size is estimated at USD 165.04 billion in 2024, and is expected to reach USD 222.09 billion by 2029, growing at a CAGR of 6.12% during the forecast period (2024-2029).
Key Highlights
- Largest Segment by Vehicle Type - Light Commercial Pick-up Trucks : Rising demand for pickup trucks, owing to the growing e-commerce and logistics sector is responsible for making light commercial pick-up trucks the largest segment in commercial vehicles in the US.
- Largest Segment by Fuel Type - Gasoline : Diesel acquires largest share in US commercial vehicles market due to the traditional and reliable fuel type (more power and torque and fuel is easily available) over others such as electric or CNG.
- Fastest-growing Segment by Fuel Type - FCEV : The norms introduced by the government, awareness of e-mobility, development in charging infrastructure and incentiveS is making BEV as fastest growing fuel type in the US commercial vehicle market.
US Commercial Vehicles Industry Overview
The United States Commercial Vehicles Market is fragmented, with the top five companies occupying 21.44%. The major players in this market are Daimler Trucks North America, Ford motor company, GM motors, 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 Navistar International Transportation Corporation
- 6.4.7 Paccar Inc
- 6.4.8 Toyota motor corporation
- 6.4.9 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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