Global Commercial Vehicle Market Research Report 2022
Summary
Market Analysis and Insights: Global Commercial Vehicle Market
Due to the COVID-19 pandemic, the global Commercial Vehicle market size is estimated to be worth US$ 979262 million in 2022 and is forecast to a readjusted size of US$ 1063527 million by 2028 with a CAGR of 1.39% during the review period. Fully considering the economic change by this health crisis, Light Commercial Vehicle accounting for 67.61% of the Commercial Vehicle global market in 2021, is projected to value US$ 718412 million by 2028, growing at a revised 1.17% CAGR in the post-COVID-19 period. While Transportation and Logistics segment is altered to an 1.78% CAGR throughout this forecast period.
North America Commercial Vehicle market is estimated at US$ 300798 million in 2021, while Europe is forecast to reach US$ 366620 million by 2028. The proportion of the North America is 32.60% in 2021, while Europe percentage is 30.88%, and it is predicted that Europe share will reach 29.30% in 2028, trailing a CAGR of 0.34% through the analysis period. As for the Asia, the notable markets are Japan and South Korea, CAGR is 0.55% and 0.21% % respectively for the next 6-year period.
The global major manufacturers of Commercial Vehicle include GM, Toyota, Ford, Daimler, Volvo, Stellantis, PACCAR, Faw Jiefang Group, and Man Truck & Bus, etc. In terms of revenue, the global 3 largest players have a 21% market share of Commercial Vehicle in 2021.
Global Commercial Vehicle Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Commercial Vehicle Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
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
Segment by Type
Light Commercial Vehicle
Medium Duty/Heavy Duty Vehicle
Bus & Coach
Segment by Application
Transportation and Logistics
Construction
Public Transit
Others
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Australia
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
South America
Mexico
Brazil
Rest of South America
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