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Commercial Vehicle Market Decade Long Trends, Analysis and Forecast 2024-2032

Commercial Vehicle Market by Vehicle Type (Light Commercial Vehicle, Heavy Vehicle, Buses), by Fuel Type (I.C. Engine, EV), by By Geography (North America), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of the APAC) Forecast 2024-2032

Nov 22 2024
Base Year: 2023
180 Pages
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Commercial Vehicle Market Decade Long Trends, Analysis and Forecast 2024-2032

Key Insights

The Commercial Vehicle Market size was valued at USD 821.28 USD Billion in 2023 and is projected to reach USD 1165.68 USD Billion by 2032, exhibiting a CAGR of 5.13 % during the forecast period. The Commercial Vehicle Market encompasses a diverse array of vehicles used for transporting goods or passengers for profit. These vehicles vary widely in size, from light commercial vehicles to heavy trucks, each tailored for specific applications such as logistics, construction, and public transport. Technological advancements, including electric and autonomous vehicle technologies, are shaping the market's future, promising reduced emissions and enhanced efficiency. Commercial vehicles play a crucial role in global economies, facilitating trade and infrastructure development. Their benefits include increased productivity, cost-effectiveness in bulk transport, and support for urban mobility solutions. As the industry evolves, these vehicles continue to integrate new features to meet regulatory standards and consumer demands for sustainability and safety.

Commercial Vehicle Market Research Report - Market Size, Growth & Forecast

Commercial Vehicle Trends

  • Growing urbanization and e-commerce activities
  • Technological advancements, such as autonomous driving and connected vehicles
  • Rising demand for electric and hybrid vehicles
  • Stringent environmental regulations

Driving Forces: What's Propelling the Commercial Vehicle Market

  • Increasing demand for goods and services
  • E-commerce growth
  • Urbanization
  • Aging global population
  • Government regulations
  • Connected and autonomous technology

Challenges and Restraints in Commercial Vehicle Market

  • Rising fuel costs
  • Economic uncertainty
  • Infrastructure limitations
  • Climate change regulations
  • Skilled labor shortage

Emerging Trends in Commercial Vehicle

  • Electric and hybrid vehicles becoming increasingly popular
  • Autonomous driving technology
  • Connected vehicles
  • Data-driven fleet management systems

Growth Catalysts in Commercial Vehicle Industry

Commercial Vehicle Market Growth

  • Government incentives for electric and hybrid vehicles
  • Technological advancements in autonomous driving
  • Rising demand for last-mile delivery

Market Segmentation: Commercial Vehicle Analysis

Vehicle Type:

  • Light Commercial Vehicle
  • Heavy Vehicle
  • Buses

Fuel Type:

  • I.C. Engine
  • EV

Leading Players in the Commercial Vehicle Market

  • 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)
  • Toyota Motor Corporation (Japan)

Significant developments in Commercial Vehicle Sector

  • Daimler AG invests in electric and autonomous trucking
  • PACCAR Inc. acquires Aurora Innovation to develop autonomous trucking
  • Hino Motors partners with Toyota Motor Corporation to develop electric trucks
  • Scania launches new range of electric trucks
  • Tata Motors unveils electric bus and truck solutions

Comprehensive Coverage Commercial Vehicle Market Report

Our commercial vehicle market report provides comprehensive insights into the market dynamics, trends, drivers, challenges, and competitive landscape. The report includes:

  • Market size and growth projections
  • Market analysis by vehicle type, fuel type, and region
  • Competitive analysis of key players
  • Industry best practices
  • Emerging trends and growth opportunities

Regional Insight

  • North America: Largest market for commercial vehicles
  • Asia Pacific: Fastest-growing region
  • Europe: Mature market with high penetration of electric vehicles
  • South America: Growing market with potential for e-commerce growth
  • Middle East and Africa: Emerging market with infrastructure limitations

Pricing Strategies

  • Cost-plus pricing
  • Value-based pricing
  • Competitive pricing
  • Dynamic pricing

DROCs

  • Drivers:
    • Rising demand for goods and services
    • E-commerce growth
    • Urbanization
  • Restraints:
    • Rising fuel costs
    • Economic uncertainty
    • Infrastructure limitations

Segmentation

  • Vehicle Type:
    • Light Commercial Vehicle
    • Heavy Vehicle
    • Buses
  • Fuel Type:
    • I.C. Engine
    • EV

Swot Analysis

Strengths:

  • Growing demand for commercial vehicles
  • Technological advancements
  • Increasing government incentives for electric vehicles 

Weaknesses:

  • Rising fuel costs
  • Economic uncertainty
  • Infrastructure limitations 

Opportunities:

  • Growing e-commerce market
  • Urbanization
  • Technological advancements in autonomous driving 

Threats:

  • Climate change regulations
  • Skilled labor shortage

Commercial Vehicle Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.13% from 2018-2032
Segmentation
    • By Vehicle Type
      • Light Commercial Vehicle
      • Heavy Vehicle
      • Buses
    • By Fuel Type
      • I.C. Engine
      • EV
  • By Geography
    • By Geography
      • North America
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of the APAC

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Increasing Demand for Forged Products in Power
        • 3.2.2 Agriculture
        • 3.2.3 Aerospace
        • 3.2.4 and Defense to Drive Industry Expansion
      • 3.3. Market Restrains
        • 3.3.1. Complexity in Operating Advanced Systems and High Cost of Investment May Restrain the Market Growth
      • 3.4. Market Trends
        • 3.4.1. Rising Adoption of Automation in Manufacturing to Drive Market Growth
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Commercial Vehicle Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.1.1. Light Commercial Vehicle
      • 5.1.2. Heavy Vehicle
      • 5.1.3. Buses
    • 5.2. Market Analysis, Insights and Forecast - by Fuel Type
      • 5.2.1. I.C. Engine
      • 5.2.2. EV
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. By Geography
      • 5.3.2. Europe
      • 5.3.3. Asia Pacific
  6. 6. By Geography Commercial Vehicle Market Analysis, Insights and Forecast, 2018-2030
    • 6.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 6.1.1. Light Commercial Vehicle
      • 6.1.2. Heavy Vehicle
      • 6.1.3. Buses
    • 6.2. Market Analysis, Insights and Forecast - by Fuel Type
      • 6.2.1. I.C. Engine
      • 6.2.2. EV
  7. 7. Europe Commercial Vehicle Market Analysis, Insights and Forecast, 2018-2030
    • 7.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 7.1.1. Light Commercial Vehicle
      • 7.1.2. Heavy Vehicle
      • 7.1.3. Buses
    • 7.2. Market Analysis, Insights and Forecast - by Fuel Type
      • 7.2.1. I.C. Engine
      • 7.2.2. EV
  8. 8. Asia Pacific Commercial Vehicle Market Analysis, Insights and Forecast, 2018-2030
    • 8.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 8.1.1. Light Commercial Vehicle
      • 8.1.2. Heavy Vehicle
      • 8.1.3. Buses
    • 8.2. Market Analysis, Insights and Forecast - by Fuel Type
      • 8.2.1. I.C. Engine
      • 8.2.2. EV
  9. 9. North America Commercial Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 9.1.1 Light Commercial Vehicle
        • 9.1.2 Heavy Vehicle
        • 9.1.3 and Buses
      • 9.2. Market Analysis, Insights and Forecast - By Fuel Type
        • 9.2.1 I.C. Engine
        • 9.2.2 EV
      • 9.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 9.3.1 United States
        • 9.3.2 Canada
        • 9.3.3 Mexico
  10. 10. South America Commercial Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 10.1.1 Light Commercial Vehicle
        • 10.1.2 Heavy Vehicle
        • 10.1.3 and Buses
      • 10.2. Market Analysis, Insights and Forecast - By Fuel Type
        • 10.2.1 I.C. Engine
        • 10.2.2 EV
      • 10.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 10.3.1 Brazil
        • 10.3.2 Argentina
        • 10.3.3 Rest of South America
  11. 11. Europe Commercial Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 11.1.1 Light Commercial Vehicle
        • 11.1.2 Heavy Vehicle
        • 11.1.3 and Buses
      • 11.2. Market Analysis, Insights and Forecast - By Fuel Type
        • 11.2.1 I.C. Engine
        • 11.2.2 EV
      • 11.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 11.3.1 Germany
        • 11.3.2 France
        • 11.3.3 Italy
        • 11.3.4 United Kingdom
        • 11.3.5 Netherlands
        • 11.3.6 Rest of Europe
  12. 12. Asia Pacific Commercial Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 12.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 12.1.1 Light Commercial Vehicle
        • 12.1.2 Heavy Vehicle
        • 12.1.3 and Buses
      • 12.2. Market Analysis, Insights and Forecast - By Fuel Type
        • 12.2.1 I.C. Engine
        • 12.2.2 EV
      • 12.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 12.3.1 China
        • 12.3.2 India
        • 12.3.3 Japan
        • 12.3.4 South Korea
        • 12.3.5 ASEAN
        • 12.3.6 Oceania
        • 12.3.7 Rest of Asia Pacific
  13. 13. MEA Commercial Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 13.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 13.1.1 Light Commercial Vehicle
        • 13.1.2 Heavy Vehicle
        • 13.1.3 and Buses
      • 13.2. Market Analysis, Insights and Forecast - By Fuel Type
        • 13.2.1 I.C. Engine
        • 13.2.2 EV
      • 13.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 13.3.1 Middle East
        • 13.3.2  Africa
  14. 14. Competitive Analysis
    • 14.1. Global Market Share Analysis 2023
      • 14.2. Company Profiles
        • 14.2.1 Daimler AG (Germany)
          • 14.2.1.1. Overview
          • 14.2.1.2. Products
          • 14.2.1.3. SWOT Analysis
          • 14.2.1.4. Recent Developments
          • 14.2.1.5. Financials (Based on Availability)
        • 14.2.2 PACCAR Inc. (U.S.)
          • 14.2.2.1. Overview
          • 14.2.2.2. Products
          • 14.2.2.3. SWOT Analysis
          • 14.2.2.4. Recent Developments
          • 14.2.2.5. Financials (Based on Availability)
        • 14.2.3 Hino (Japan)
          • 14.2.3.1. Overview
          • 14.2.3.2. Products
          • 14.2.3.3. SWOT Analysis
          • 14.2.3.4. Recent Developments
          • 14.2.3.5. Financials (Based on Availability)
        • 14.2.4 Scania (Sweden)
          • 14.2.4.1. Overview
          • 14.2.4.2. Products
          • 14.2.4.3. SWOT Analysis
          • 14.2.4.4. Recent Developments
          • 14.2.4.5. Financials (Based on Availability)
        • 14.2.5 Tata Motors (India)
          • 14.2.5.1. Overview
          • 14.2.5.2. Products
          • 14.2.5.3. SWOT Analysis
          • 14.2.5.4. Recent Developments
          • 14.2.5.5. Financials (Based on Availability)
        • 14.2.6 Navistar International Corp (U.S.)
          • 14.2.6.1. Overview
          • 14.2.6.2. Products
          • 14.2.6.3. SWOT Analysis
          • 14.2.6.4. Recent Developments
          • 14.2.6.5. Financials (Based on Availability)
        • 14.2.7 BYD Auto Co. Ltd. (China)
          • 14.2.7.1. Overview
          • 14.2.7.2. Products
          • 14.2.7.3. SWOT Analysis
          • 14.2.7.4. Recent Developments
          • 14.2.7.5. Financials (Based on Availability)
        • 14.2.8 AB Volvo (Sweden)
          • 14.2.8.1. Overview
          • 14.2.8.2. Products
          • 14.2.8.3. SWOT Analysis
          • 14.2.8.4. Recent Developments
          • 14.2.8.5. Financials (Based on Availability)
        • 14.2.9 Toyota Motor Corporation (Japan)
          • 14.2.9.1. Overview
          • 14.2.9.2. Products
          • 14.2.9.3. SWOT Analysis
          • 14.2.9.4. Recent Developments
          • 14.2.9.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Commercial Vehicle Market Revenue Breakdown (USD Billion, %) by Region 2023 & 2031
  2. Figure 2: Global Commercial Vehicle Market Volume Breakdown (Thousand Units, %) by Region 2023 & 2031
  3. Figure 3: Global Commercial Vehicle Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  4. Figure 4: Global Commercial Vehicle Market Volume (Thousand Units), by Vehicle Type 2023 & 2031
  5. Figure 5: Global Commercial Vehicle Market Revenue Share (%), by Vehicle Type 2023 & 2031
  6. Figure 6: Global Commercial Vehicle Market Volume Share (%), by Vehicle Type 2023 & 2031
  7. Figure 7: Global Commercial Vehicle Market Forecast (USD Billion), by Light Commercial Vehicle 2020 & 2031
  8. Figure 8: Global Commercial Vehicle Market Forecast (Thousand Units), by Light Commercial Vehicle 2020 & 2031
  9. Figure 9: Global Commercial Vehicle Market Forecast (USD Billion), by Heavy Vehicle 2020 & 2031
  10. Figure 10: Global Commercial Vehicle Market Forecast (Thousand Units), by Heavy Vehicle 2020 & 2031
  11. Figure 11: Global Commercial Vehicle Market Forecast (USD Billion), by Buses 2020 & 2031
  12. Figure 12: Global Commercial Vehicle Market Forecast (Thousand Units), by Buses 2020 & 2031
  13. Figure 13: Global Commercial Vehicle Market Revenue (USD Billion), by Fuel Type 2023 & 2031
  14. Figure 14: Global Commercial Vehicle Market Volume (Thousand Units), by Fuel Type 2023 & 2031
  15. Figure 15: Global Commercial Vehicle Market Revenue Share (%), by Fuel Type 2023 & 2031
  16. Figure 16: Global Commercial Vehicle Market Volume Share (%), by Fuel Type 2023 & 2031
  17. Figure 17: Global Commercial Vehicle Market Forecast (USD Billion), by I.C. Engine 2020 & 2031
  18. Figure 18: Global Commercial Vehicle Market Forecast (Thousand Units), by I.C. Engine 2020 & 2031
  19. Figure 19: Global Commercial Vehicle Market Forecast (USD Billion), by EV 2020 & 2031
  20. Figure 20: Global Commercial Vehicle Market Forecast (Thousand Units), by EV 2020 & 2031
  21. Figure 21: Global Commercial Vehicle Market Revenue (USD Billion), by Region 2023 & 2031
  22. Figure 22: Global Commercial Vehicle Market Volume (Thousand Units), by Region 2023 & 2031
  23. Figure 23: Global Commercial Vehicle Market Revenue Share (%), by Region 2023 & 2031
  24. Figure 24: Global Commercial Vehicle Market Volume Share (%), by Region 2023 & 2031
  25. Figure 25: North America Commercial Vehicle Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  26. Figure 26: North America Commercial Vehicle Market Volume (Thousand Units), by Vehicle Type 2023 & 2031
  27. Figure 27: North America Commercial Vehicle Market Revenue Share (%), by Vehicle Type 2023 & 2031
  28. Figure 28: North America Commercial Vehicle Market Volume Share (%), by Vehicle Type 2023 & 2031
  29. Figure 29: North America Commercial Vehicle Market Revenue (USD Billion), by Fuel Type 2023 & 2031
  30. Figure 30: North America Commercial Vehicle Market Volume (Thousand Units), by Fuel Type 2023 & 2031
  31. Figure 31: North America Commercial Vehicle Market Revenue Share (%), by Fuel Type 2023 & 2031
  32. Figure 32: North America Commercial Vehicle Market Volume Share (%), by Fuel Type 2023 & 2031
  33. Figure 33: North America Commercial Vehicle Market Revenue (USD Billion), by Country 2023 & 2031
  34. Figure 34: North America Commercial Vehicle Market Volume (Thousand Units), by Country 2023 & 2031
  35. Figure 35: North America Commercial Vehicle Market Revenue Share (%), by Country 2023 & 2031
  36. Figure 36: North America Commercial Vehicle Market Volume Share (%), by Country 2023 & 2031
  37. Figure 37: South America Commercial Vehicle Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  38. Figure 38: South America Commercial Vehicle Market Volume (Thousand Units), by Vehicle Type 2023 & 2031
  39. Figure 39: South America Commercial Vehicle Market Revenue Share (%), by Vehicle Type 2023 & 2031
  40. Figure 40: South America Commercial Vehicle Market Volume Share (%), by Vehicle Type 2023 & 2031
  41. Figure 41: South America Commercial Vehicle Market Revenue (USD Billion), by Fuel Type 2023 & 2031
  42. Figure 42: South America Commercial Vehicle Market Volume (Thousand Units), by Fuel Type 2023 & 2031
  43. Figure 43: South America Commercial Vehicle Market Revenue Share (%), by Fuel Type 2023 & 2031
  44. Figure 44: South America Commercial Vehicle Market Volume Share (%), by Fuel Type 2023 & 2031
  45. Figure 45: South America Commercial Vehicle Market Revenue (USD Billion), by Country 2023 & 2031
  46. Figure 46: South America Commercial Vehicle Market Volume (Thousand Units), by Country 2023 & 2031
  47. Figure 47: South America Commercial Vehicle Market Revenue Share (%), by Country 2023 & 2031
  48. Figure 48: South America Commercial Vehicle Market Volume Share (%), by Country 2023 & 2031
  49. Figure 49: Europe Commercial Vehicle Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  50. Figure 50: Europe Commercial Vehicle Market Volume (Thousand Units), by Vehicle Type 2023 & 2031
  51. Figure 51: Europe Commercial Vehicle Market Revenue Share (%), by Vehicle Type 2023 & 2031
  52. Figure 52: Europe Commercial Vehicle Market Volume Share (%), by Vehicle Type 2023 & 2031
  53. Figure 53: Europe Commercial Vehicle Market Revenue (USD Billion), by Fuel Type 2023 & 2031
  54. Figure 54: Europe Commercial Vehicle Market Volume (Thousand Units), by Fuel Type 2023 & 2031
  55. Figure 55: Europe Commercial Vehicle Market Revenue Share (%), by Fuel Type 2023 & 2031
  56. Figure 56: Europe Commercial Vehicle Market Volume Share (%), by Fuel Type 2023 & 2031
  57. Figure 57: Europe Commercial Vehicle Market Revenue (USD Billion), by Country 2023 & 2031
  58. Figure 58: Europe Commercial Vehicle Market Volume (Thousand Units), by Country 2023 & 2031
  59. Figure 59: Europe Commercial Vehicle Market Revenue Share (%), by Country 2023 & 2031
  60. Figure 60: Europe Commercial Vehicle Market Volume Share (%), by Country 2023 & 2031
  61. Figure 61: Asia Pacific Commercial Vehicle Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  62. Figure 62: Asia Pacific Commercial Vehicle Market Volume (Thousand Units), by Vehicle Type 2023 & 2031
  63. Figure 63: Asia Pacific Commercial Vehicle Market Revenue Share (%), by Vehicle Type 2023 & 2031
  64. Figure 64: Asia Pacific Commercial Vehicle Market Volume Share (%), by Vehicle Type 2023 & 2031
  65. Figure 65: Asia Pacific Commercial Vehicle Market Revenue (USD Billion), by Fuel Type 2023 & 2031
  66. Figure 66: Asia Pacific Commercial Vehicle Market Volume (Thousand Units), by Fuel Type 2023 & 2031
  67. Figure 67: Asia Pacific Commercial Vehicle Market Revenue Share (%), by Fuel Type 2023 & 2031
  68. Figure 68: Asia Pacific Commercial Vehicle Market Volume Share (%), by Fuel Type 2023 & 2031
  69. Figure 69: Asia Pacific Commercial Vehicle Market Revenue (USD Billion), by Country 2023 & 2031
  70. Figure 70: Asia Pacific Commercial Vehicle Market Volume (Thousand Units), by Country 2023 & 2031
  71. Figure 71: Asia Pacific Commercial Vehicle Market Revenue Share (%), by Country 2023 & 2031
  72. Figure 72: Asia Pacific Commercial Vehicle Market Volume Share (%), by Country 2023 & 2031
  73. Figure 73: MEA Commercial Vehicle Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  74. Figure 74: MEA Commercial Vehicle Market Volume (Thousand Units), by Vehicle Type 2023 & 2031
  75. Figure 75: MEA Commercial Vehicle Market Revenue Share (%), by Vehicle Type 2023 & 2031
  76. Figure 76: MEA Commercial Vehicle Market Volume Share (%), by Vehicle Type 2023 & 2031
  77. Figure 77: MEA Commercial Vehicle Market Revenue (USD Billion), by Fuel Type 2023 & 2031
  78. Figure 78: MEA Commercial Vehicle Market Volume (Thousand Units), by Fuel Type 2023 & 2031
  79. Figure 79: MEA Commercial Vehicle Market Revenue Share (%), by Fuel Type 2023 & 2031
  80. Figure 80: MEA Commercial Vehicle Market Volume Share (%), by Fuel Type 2023 & 2031
  81. Figure 81: MEA Commercial Vehicle Market Revenue (USD Billion), by Country 2023 & 2031
  82. Figure 82: MEA Commercial Vehicle Market Volume (Thousand Units), by Country 2023 & 2031
  83. Figure 83: MEA Commercial Vehicle Market Revenue Share (%), by Country 2023 & 2031
  84. Figure 84: MEA Commercial Vehicle Market Volume Share (%), by Country 2023 & 2031
  85. Figure 85: By Geography Commercial Vehicle Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  86. Figure 86: By Geography Commercial Vehicle Market Volume (Thousand Units), by Vehicle Type 2023 & 2031
  87. Figure 87: By Geography Commercial Vehicle Market Revenue Share (%), by Vehicle Type 2023 & 2031
  88. Figure 88: By Geography Commercial Vehicle Market Volume Share (%), by Vehicle Type 2023 & 2031
  89. Figure 89: By Geography Commercial Vehicle Market Revenue (USD Billion), by Fuel Type 2023 & 2031
  90. Figure 90: By Geography Commercial Vehicle Market Volume (Thousand Units), by Fuel Type 2023 & 2031
  91. Figure 91: By Geography Commercial Vehicle Market Revenue Share (%), by Fuel Type 2023 & 2031
  92. Figure 92: By Geography Commercial Vehicle Market Volume Share (%), by Fuel Type 2023 & 2031
  93. Figure 93: By Geography Commercial Vehicle Market Revenue (USD Billion), by Country 2023 & 2031
  94. Figure 94: By Geography Commercial Vehicle Market Volume (Thousand Units), by Country 2023 & 2031
  95. Figure 95: By Geography Commercial Vehicle Market Revenue Share (%), by Country 2023 & 2031
  96. Figure 96: By Geography Commercial Vehicle Market Volume Share (%), by Country 2023 & 2031
  97. Figure 97: Europe Commercial Vehicle Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  98. Figure 98: Europe Commercial Vehicle Market Volume (Thousand Units), by Vehicle Type 2023 & 2031
  99. Figure 99: Europe Commercial Vehicle Market Revenue Share (%), by Vehicle Type 2023 & 2031
  100. Figure 100: Europe Commercial Vehicle Market Volume Share (%), by Vehicle Type 2023 & 2031
  101. Figure 101: Europe Commercial Vehicle Market Revenue (USD Billion), by Fuel Type 2023 & 2031
  102. Figure 102: Europe Commercial Vehicle Market Volume (Thousand Units), by Fuel Type 2023 & 2031
  103. Figure 103: Europe Commercial Vehicle Market Revenue Share (%), by Fuel Type 2023 & 2031
  104. Figure 104: Europe Commercial Vehicle Market Volume Share (%), by Fuel Type 2023 & 2031
  105. Figure 105: Europe Commercial Vehicle Market Revenue (USD Billion), by Country 2023 & 2031
  106. Figure 106: Europe Commercial Vehicle Market Volume (Thousand Units), by Country 2023 & 2031
  107. Figure 107: Europe Commercial Vehicle Market Revenue Share (%), by Country 2023 & 2031
  108. Figure 108: Europe Commercial Vehicle Market Volume Share (%), by Country 2023 & 2031
  109. Figure 109: Asia Pacific Commercial Vehicle Market Revenue (USD Billion), by Vehicle Type 2023 & 2031
  110. Figure 110: Asia Pacific Commercial Vehicle Market Volume (Thousand Units), by Vehicle Type 2023 & 2031
  111. Figure 111: Asia Pacific Commercial Vehicle Market Revenue Share (%), by Vehicle Type 2023 & 2031
  112. Figure 112: Asia Pacific Commercial Vehicle Market Volume Share (%), by Vehicle Type 2023 & 2031
  113. Figure 113: Asia Pacific Commercial Vehicle Market Revenue (USD Billion), by Fuel Type 2023 & 2031
  114. Figure 114: Asia Pacific Commercial Vehicle Market Volume (Thousand Units), by Fuel Type 2023 & 2031
  115. Figure 115: Asia Pacific Commercial Vehicle Market Revenue Share (%), by Fuel Type 2023 & 2031
  116. Figure 116: Asia Pacific Commercial Vehicle Market Volume Share (%), by Fuel Type 2023 & 2031
  117. Figure 117: Asia Pacific Commercial Vehicle Market Revenue (USD Billion), by Country 2023 & 2031
  118. Figure 118: Asia Pacific Commercial Vehicle Market Volume (Thousand Units), by Country 2023 & 2031
  119. Figure 119: Asia Pacific Commercial Vehicle Market Revenue Share (%), by Country 2023 & 2031
  120. Figure 120: Asia Pacific Commercial Vehicle Market Volume Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  2. Table 2: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Vehicle Type 2018 & 2031
  3. Table 3: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Fuel Type 2018 & 2031
  4. Table 4: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Fuel Type 2018 & 2031
  5. Table 5: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Region 2018 & 2031
  6. Table 6: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Region 2018 & 2031
  7. Table 7: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  8. Table 8: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Vehicle Type 2018 & 2031
  9. Table 9: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Fuel Type 2018 & 2031
  10. Table 10: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Fuel Type 2018 & 2031
  11. Table 11: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Region 2018 & 2031
  12. Table 12: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Region 2018 & 2031
  13. Table 13: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  14. Table 14: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Vehicle Type 2018 & 2031
  15. Table 15: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Fuel Type 2018 & 2031
  16. Table 16: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Fuel Type 2018 & 2031
  17. Table 17: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Country 2018 & 2031
  18. Table 18: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Country 2018 & 2031
  19. Table 19: United States Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  20. Table 20: United States Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  21. Table 21: Canada Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  22. Table 22: Canada Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  23. Table 23: Mexico Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  24. Table 24: Mexico Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  25. Table 25: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  26. Table 26: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Vehicle Type 2018 & 2031
  27. Table 27: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Fuel Type 2018 & 2031
  28. Table 28: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Fuel Type 2018 & 2031
  29. Table 29: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Country 2018 & 2031
  30. Table 30: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Country 2018 & 2031
  31. Table 31: Brazil Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  32. Table 32: Brazil Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  33. Table 33: Argentina Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  34. Table 34: Argentina Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  35. Table 35: Rest of South America Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  36. Table 36: Rest of South America Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  37. Table 37: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  38. Table 38: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Vehicle Type 2018 & 2031
  39. Table 39: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Fuel Type 2018 & 2031
  40. Table 40: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Fuel Type 2018 & 2031
  41. Table 41: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Country 2018 & 2031
  42. Table 42: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Country 2018 & 2031
  43. Table 43: Germany Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  44. Table 44: Germany Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  45. Table 45: France Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  46. Table 46: France Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  47. Table 47: Italy Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  48. Table 48: Italy Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  49. Table 49: United Kingdom Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  50. Table 50: United Kingdom Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  51. Table 51: Netherlands Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  52. Table 52: Netherlands Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  53. Table 53: Rest of Europe Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  54. Table 54: Rest of Europe Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  55. Table 55: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  56. Table 56: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Vehicle Type 2018 & 2031
  57. Table 57: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Fuel Type 2018 & 2031
  58. Table 58: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Fuel Type 2018 & 2031
  59. Table 59: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Country 2018 & 2031
  60. Table 60: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Country 2018 & 2031
  61. Table 61: China Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  62. Table 62: China Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  63. Table 63: India Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  64. Table 64: India Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  65. Table 65: Japan Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  66. Table 66: Japan Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  67. Table 67: South Korea Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  68. Table 68: South Korea Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  69. Table 69: ASEAN Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  70. Table 70: ASEAN Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  71. Table 71: Oceania Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  72. Table 72: Oceania Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  73. Table 73: Rest of Asia Pacific Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  74. Table 74: Rest of Asia Pacific Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  75. Table 75: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  76. Table 76: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Vehicle Type 2018 & 2031
  77. Table 77: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Fuel Type 2018 & 2031
  78. Table 78: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Fuel Type 2018 & 2031
  79. Table 79: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Country 2018 & 2031
  80. Table 80: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Country 2018 & 2031
  81. Table 81: Middle East Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  82. Table 82: Middle East Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  83. Table 83:  Africa Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  84. Table 84:  Africa Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  85. Table 85: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  86. Table 86: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Vehicle Type 2018 & 2031
  87. Table 87: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Fuel Type 2018 & 2031
  88. Table 88: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Fuel Type 2018 & 2031
  89. Table 89: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Country 2018 & 2031
  90. Table 90: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Country 2018 & 2031
  91. Table 91: North America Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  92. Table 92: North America Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  93. Table 93: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  94. Table 94: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Vehicle Type 2018 & 2031
  95. Table 95: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Fuel Type 2018 & 2031
  96. Table 96: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Fuel Type 2018 & 2031
  97. Table 97: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Country 2018 & 2031
  98. Table 98: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Country 2018 & 2031
  99. Table 99: U.K. Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  100. Table 100: U.K. Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  101. Table 101: Germany Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  102. Table 102: Germany Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  103. Table 103: France Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  104. Table 104: France Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  105. Table 105: Rest of Europe Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  106. Table 106: Rest of Europe Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  107. Table 107: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  108. Table 108: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Vehicle Type 2018 & 2031
  109. Table 109: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Fuel Type 2018 & 2031
  110. Table 110: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Fuel Type 2018 & 2031
  111. Table 111: Global Commercial Vehicle Market Revenue USD Billion Forecast, by Country 2018 & 2031
  112. Table 112: Global Commercial Vehicle Market Volume Thousand Units Forecast, by Country 2018 & 2031
  113. Table 113: China Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  114. Table 114: China Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  115. Table 115: India Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  116. Table 116: India Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  117. Table 117: Japan Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  118. Table 118: Japan Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  119. Table 119: South Korea Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  120. Table 120: South Korea Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
  121. Table 121: Rest of the APAC Commercial Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  122. Table 122: Rest of the APAC Commercial Vehicle Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.13% from 2018-2032
Segmentation
    • By Vehicle Type
      • Light Commercial Vehicle
      • Heavy Vehicle
      • Buses
    • By Fuel Type
      • I.C. Engine
      • EV
  • By Geography
    • By Geography
      • North America
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of the APAC

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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