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Medium Commercial Vehicles Market Growth Opportunities and Market Forecast 2024-2032: A Strategic Analysis

Medium Commercial Vehicles Market by Powertrain (ICE, BEV, HEV/PHEV, LPG & Others, Fuel Cell), by Class (Class 3, Class 4, Class 5, Class 6), by Type (Tractor Units, Rigid Trucks), by Application (Transportation, Construction, Mining, Agriculture), by North America (U.S., Canada, Mexico), by Europe (Germany, France, U.K., Russia, Italy, Switzerland, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Vietnam, Philippines, Australia, Indonesia, Rest of Asia Pacific), by South America (Chile, Brazil, Argentina, Peru, Rest of South America), by Middle East & Africa (Egypt, Turkey, Saudi Arabia, South Africa, Rest of the Middle East & Africa) Forecast 2024-2032

Dec 20 2024
Base Year: 2023
250 Pages
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Medium Commercial Vehicles Market Growth Opportunities and Market Forecast 2024-2032: A Strategic Analysis

Key Insights

The size of the Medium Commercial Vehicles Market was valued at USD 82.29 USD Billion in 2023 and is projected to reach USD 103.29 USD Billion by 2032, with an expected CAGR of 3.3% during the forecast period.  Medium commercial vehicles (MCVs) are a category of vehicles designed for transporting goods and passengers, typically weighing between 3.5 and 12 tons. These vehicles are commonly used in industries such as logistics, construction, and public transportation, as they provide a balance between payload capacity and maneuverability. MCVs include trucks, buses, and vans that are larger than light commercial vehicles but smaller than heavy-duty trucks. Their versatility makes them ideal for urban and suburban delivery services, while still offering sufficient power and space for various commercial applications. The market is driven by factors such as increasing demand for goods transportation, growing e-commerce industry, and government regulations promoting fuel efficiency and emission reduction. Hybrid and electric medium commercial vehicles are gaining popularity due to their lower operating costs and reduced environmental impact. 

Medium Commercial Vehicles Market Research Report - Market Size, Growth & Forecast

Medium Commercial Vehicles Market Trends

The medium commercial vehicles market is witnessing several key trends, including:

  • Increasing demand for fuel-efficient and low-emission vehicles
  • Growing adoption of electric and hybrid vehicles
  • Government regulations promoting sustainable transportation
  • Technological advancements in vehicle safety and connectivity
  • Expansion of e-commerce and logistics industry
  • Rising demand for last-mile delivery services

Driving Forces: What's Propelling the Medium Commercial Vehicles Market

The growth of the medium commercial vehicles market is driven by several factors, including:

  • Increasing demand for goods transportation due to rising economic activities
  • Growth of the e-commerce industry and the need for efficient last-mile delivery
  • Government regulations promoting fuel efficiency and emission reduction
  • Adoption of advanced technologies such as telematics and connectivity
  • Growing awareness of environmental sustainability
  • Expansion of the construction and mining sectors

Medium Commercial Vehicles Market Growth

Challenges and Restraints in Medium Commercial Vehicles Market

The medium commercial vehicles market also faces some challenges and restraints, including:

  • High initial cost of electric and hybrid vehicles
  • Limited charging infrastructure for electric vehicles
  • Fluctuating fuel prices
  • Competition from other modes of transportation such as rail and air
  • Supply chain disruptions and raw material shortages

Key Region or Country & Segment to Dominate the Market

Region Dominance:

  • Asia-Pacific is expected to dominate the medium commercial vehicles market throughout the forecast period due to its large population, growing economies, and increasing demand for goods transportation.

Segment Dominance:

  • The Class 4 segment is projected to hold the largest market share by type, as these vehicles are widely used for transportation, construction, and delivery applications.
  • The diesel engine segment is expected to remain the dominant powertrain due to its high power and torque capabilities and relatively low fuel costs.

Growth Catalysts in Medium Commercial Vehicles Industry

Several growth catalysts are expected to drive the medium commercial vehicles market forward, including:

  • Technological advancements in vehicle safety and connectivity
  • Expansion of the e-commerce and logistics industry
  • Rising demand for last-mile delivery services
  • Government initiatives to promote sustainable transportation
  • Increasing demand for fuel-efficient and zero-emission vehicles
  • Collaboration between automakers and technology companies

Medium Commercial Vehicles Market Segmentation

  • 1. Powertrain
    • 1.1. ICE
    • 1.2. BEV
    • 1.3. HEV/PHEV
    • 1.4. LPG & Others
    • 1.5. Fuel Cell
  • 2. Class
    • 2.1. Class 3
    • 2.2. Class 4
    • 2.3. Class 5
    • 2.4. Class 6
  • 3. Type
    • 3.1. Tractor Units
    • 3.2. Rigid Trucks
  • 4. Application
    • 4.1. Transportation
    • 4.2. Construction
    • 4.3. Mining
    • 4.4. Agriculture

Leading Players in the Medium Commercial Vehicles Market

Key players in the medium commercial vehicles market include:

  • Volvo Group
  • Daimler AG
  • PACCAR Inc.
  • MAN SE
  • Isuzu Motors
  • Hyundai Motor
  • General Motors
  • Ford Motor Company
  • Tata Motors
  • Ashok Leyland

Significant Developments in Medium Commercial Vehicles Sector

Recent developments in the medium commercial vehicles sector include:

  • May 2024: Cummins and Isuzu Motors Limited launched a jointly developed 6.7-litre engine specifically designed for Isuzu's medium-duty truck lineup.
  • March 2024: General Motors (GM) advanced the development of a fleet of hydrogen-powered medium-duty trucks for a pilot project backed by the US Department of Energy (DOE).
  • February 2024: Mack Trucks invested USD 14.5 million to expand its manufacturing operations in Roanoke County.
  • May 2023: The Lion Electric Company introduced the Lion5, an all-electric Class 5 truck.
  • April 2023: Motiv Power Systems launched next-generation electric trucks for medium-duty fleets.
  • January 2023: DEUTZ AG and Daimler Truck AG signed agreements granting DEUTZ access to Daimler engines, including medium-duty engines for construction equipment.

Comprehensive Coverage Medium Commercial Vehicles Market Report

This report provides a comprehensive analysis of the medium commercial vehicles market, including its key drivers, challenges, opportunities, and key player strategies. It offers insights into the market segments, growth potential, and emerging trends. The report also includes detailed profiles of leading companies and their market share.

Pricing Strategies

Medium commercial vehicle manufacturers use various pricing strategies to compete in the market, including:

  • Tiered pricing based on vehicle size, features, and capabilities
  • Volume discounts for bulk purchases
  • Seasonal pricing to adjust for fluctuations in demand
  • Bundled pricing with maintenance and repair services
  • Custom pricing for specific applications or customers

DROCs

DROCs (Days Receivables Outstanding) measure the average number of days it takes a company to collect its accounts receivable. In the medium commercial vehicles market, DROCs can vary depending on the company's size, customer base, and payment terms.

SWOT Analysis

Strengths:

  • Large and growing market
  • Increasing demand for goods transportation
  • Government regulations promoting sustainable transportation
  • Technological advancements in vehicle safety and connectivity

Weaknesses:

  • High initial cost of electric and hybrid vehicles
  • Limited charging infrastructure for electric vehicles
  • Competition from other modes of transportation

Opportunities:

  • Expansion of the e-commerce and logistics industry
  • Rising demand for last-mile delivery services
  • Technological advancements in vehicle safety and connectivity
  • Government initiatives to promote sustainable transportation

Threats:

  • Fluctuating fuel prices
  • Supply chain disruptions and raw material shortages
  • Competition from other modes of transportation

Medium Commercial Vehicles Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 3.3% from 2018-2032
Segmentation
    • By Powertrain
      • ICE
      • BEV
      • HEV/PHEV
      • LPG & Others
      • Fuel Cell
    • By Class
      • Class 3
      • Class 4
      • Class 5
      • Class 6
    • By Type
      • Tractor Units
      • Rigid Trucks
    • By Application
      • Transportation
      • Construction
      • Mining
      • Agriculture
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Russia
      • Italy
      • Switzerland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Vietnam
      • Philippines
      • Australia
      • Indonesia
      • Rest of Asia Pacific
    • South America
      • Chile
      • Brazil
      • Argentina
      • Peru
      • Rest of South America
    • Middle East & Africa
      • Egypt
      • Turkey
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

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. Surge in E-commerce and Last-mile Delivery Services to Augment Market Demand
      • 3.3. Market Restrains
        • 3.3.1. Surge in E-commerce and Last-mile Delivery Services to Augment Market Demand
      • 3.4. Market Trends
        • 3.4.1. Surge in E-commerce and Last-mile Delivery Services to Augment Market Demand
  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 Medium Commercial Vehicles Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Powertrain
      • 5.1.1. ICE
      • 5.1.2. BEV
      • 5.1.3. HEV/PHEV
      • 5.1.4. LPG & Others
      • 5.1.5. Fuel Cell
    • 5.2. Market Analysis, Insights and Forecast - by Class
      • 5.2.1. Class 3
      • 5.2.2. Class 4
      • 5.2.3. Class 5
      • 5.2.4. Class 6
    • 5.3. Market Analysis, Insights and Forecast - by Type
      • 5.3.1. Tractor Units
      • 5.3.2. Rigid Trucks
    • 5.4. Market Analysis, Insights and Forecast - by Application
      • 5.4.1. Transportation
      • 5.4.2. Construction
      • 5.4.3. Mining
      • 5.4.4. Agriculture
    • 5.5. Market Analysis, Insights and Forecast - by Region
      • 5.5.1. North America
      • 5.5.2. Europe
      • 5.5.3. Asia Pacific
      • 5.5.4. South America
      • 5.5.5. Middle East & Africa
  6. 6. North America Medium Commercial Vehicles Market Analysis, Insights and Forecast, 2018-2030
    • 6.1. Market Analysis, Insights and Forecast - by Powertrain
      • 6.1.1. ICE
      • 6.1.2. BEV
      • 6.1.3. HEV/PHEV
      • 6.1.4. LPG & Others
      • 6.1.5. Fuel Cell
    • 6.2. Market Analysis, Insights and Forecast - by Class
      • 6.2.1. Class 3
      • 6.2.2. Class 4
      • 6.2.3. Class 5
      • 6.2.4. Class 6
    • 6.3. Market Analysis, Insights and Forecast - by Type
      • 6.3.1. Tractor Units
      • 6.3.2. Rigid Trucks
    • 6.4. Market Analysis, Insights and Forecast - by Application
      • 6.4.1. Transportation
      • 6.4.2. Construction
      • 6.4.3. Mining
      • 6.4.4. Agriculture
  7. 7. Europe Medium Commercial Vehicles Market Analysis, Insights and Forecast, 2018-2030
    • 7.1. Market Analysis, Insights and Forecast - by Powertrain
      • 7.1.1. ICE
      • 7.1.2. BEV
      • 7.1.3. HEV/PHEV
      • 7.1.4. LPG & Others
      • 7.1.5. Fuel Cell
    • 7.2. Market Analysis, Insights and Forecast - by Class
      • 7.2.1. Class 3
      • 7.2.2. Class 4
      • 7.2.3. Class 5
      • 7.2.4. Class 6
    • 7.3. Market Analysis, Insights and Forecast - by Type
      • 7.3.1. Tractor Units
      • 7.3.2. Rigid Trucks
    • 7.4. Market Analysis, Insights and Forecast - by Application
      • 7.4.1. Transportation
      • 7.4.2. Construction
      • 7.4.3. Mining
      • 7.4.4. Agriculture
  8. 8. Asia Pacific Medium Commercial Vehicles Market Analysis, Insights and Forecast, 2018-2030
    • 8.1. Market Analysis, Insights and Forecast - by Powertrain
      • 8.1.1. ICE
      • 8.1.2. BEV
      • 8.1.3. HEV/PHEV
      • 8.1.4. LPG & Others
      • 8.1.5. Fuel Cell
    • 8.2. Market Analysis, Insights and Forecast - by Class
      • 8.2.1. Class 3
      • 8.2.2. Class 4
      • 8.2.3. Class 5
      • 8.2.4. Class 6
    • 8.3. Market Analysis, Insights and Forecast - by Type
      • 8.3.1. Tractor Units
      • 8.3.2. Rigid Trucks
    • 8.4. Market Analysis, Insights and Forecast - by Application
      • 8.4.1. Transportation
      • 8.4.2. Construction
      • 8.4.3. Mining
      • 8.4.4. Agriculture
  9. 9. South America Medium Commercial Vehicles Market Analysis, Insights and Forecast, 2018-2030
    • 9.1. Market Analysis, Insights and Forecast - by Powertrain
      • 9.1.1. ICE
      • 9.1.2. BEV
      • 9.1.3. HEV/PHEV
      • 9.1.4. LPG & Others
      • 9.1.5. Fuel Cell
    • 9.2. Market Analysis, Insights and Forecast - by Class
      • 9.2.1. Class 3
      • 9.2.2. Class 4
      • 9.2.3. Class 5
      • 9.2.4. Class 6
    • 9.3. Market Analysis, Insights and Forecast - by Type
      • 9.3.1. Tractor Units
      • 9.3.2. Rigid Trucks
    • 9.4. Market Analysis, Insights and Forecast - by Application
      • 9.4.1. Transportation
      • 9.4.2. Construction
      • 9.4.3. Mining
      • 9.4.4. Agriculture
  10. 10. Middle East & Africa Medium Commercial Vehicles Market Analysis, Insights and Forecast, 2018-2030
    • 10.1. Market Analysis, Insights and Forecast - by Powertrain
      • 10.1.1. ICE
      • 10.1.2. BEV
      • 10.1.3. HEV/PHEV
      • 10.1.4. LPG & Others
      • 10.1.5. Fuel Cell
    • 10.2. Market Analysis, Insights and Forecast - by Class
      • 10.2.1. Class 3
      • 10.2.2. Class 4
      • 10.2.3. Class 5
      • 10.2.4. Class 6
    • 10.3. Market Analysis, Insights and Forecast - by Type
      • 10.3.1. Tractor Units
      • 10.3.2. Rigid Trucks
    • 10.4. Market Analysis, Insights and Forecast - by Application
      • 10.4.1. Transportation
      • 10.4.2. Construction
      • 10.4.3. Mining
      • 10.4.4. Agriculture
  11. 11. Competitive Analysis
    • 11.1. Global Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 Volvo Group (Sweden)
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 Daimler AG (Germany)
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 PACCAR Inc. (U.S.)
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 MAN SE (Germany)
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Tata Motors (India)
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 Ashok Leyland (India)
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 BharatBenz (India)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 Eicher Motors Limited (India)
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
        • 11.2.9 Ford Motor Company (U.S.)
          • 11.2.9.1. Overview
          • 11.2.9.2. Products
          • 11.2.9.3. SWOT Analysis
          • 11.2.9.4. Recent Developments
          • 11.2.9.5. Financials (Based on Availability)
        • 11.2.10 General Motors (U.S.)
          • 11.2.10.1. Overview
          • 11.2.10.2. Products
          • 11.2.10.3. SWOT Analysis
          • 11.2.10.4. Recent Developments
          • 11.2.10.5. Financials (Based on Availability)
        • 11.2.11 Scania AB (Sweden)
          • 11.2.11.1. Overview
          • 11.2.11.2. Products
          • 11.2.11.3. SWOT Analysis
          • 11.2.11.4. Recent Developments
          • 11.2.11.5. Financials (Based on Availability)
        • 11.2.12 Hyundai Motor (South Korea)
          • 11.2.12.1. Overview
          • 11.2.12.2. Products
          • 11.2.12.3. SWOT Analysis
          • 11.2.12.4. Recent Developments
          • 11.2.12.5. Financials (Based on Availability)
        • 11.2.13 Dongfeng Motor Corporation (China)
          • 11.2.13.1. Overview
          • 11.2.13.2. Products
          • 11.2.13.3. SWOT Analysis
          • 11.2.13.4. Recent Developments
          • 11.2.13.5. Financials (Based on Availability)
        • 11.2.14 Shaanxi Automobile Group (China)
          • 11.2.14.1. Overview
          • 11.2.14.2. Products
          • 11.2.14.3. SWOT Analysis
          • 11.2.14.4. Recent Developments
          • 11.2.14.5. Financials (Based on Availability)
        • 11.2.15 CNHTC (China National Heavy Duty Truck Group) (China)
          • 11.2.15.1. Overview
          • 11.2.15.2. Products
          • 11.2.15.3. SWOT Analysis
          • 11.2.15.4. Recent Developments
          • 11.2.15.5. Financials (Based on Availability)
        • 11.2.16 FAW Group (China)
          • 11.2.16.1. Overview
          • 11.2.16.2. Products
          • 11.2.16.3. SWOT Analysis
          • 11.2.16.4. Recent Developments
          • 11.2.16.5. Financials (Based on Availability)
        • 11.2.17 Isuzu Motors (Japan)
          • 11.2.17.1. Overview
          • 11.2.17.2. Products
          • 11.2.17.3. SWOT Analysis
          • 11.2.17.4. Recent Developments
          • 11.2.17.5. Financials (Based on Availability)
        • 11.2.18 Volkswagen Truck & Bus (Germany)
          • 11.2.18.1. Overview
          • 11.2.18.2. Products
          • 11.2.18.3. SWOT Analysis
          • 11.2.18.4. Recent Developments
          • 11.2.18.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Medium Commercial Vehicles Market Revenue Breakdown (USD Billion, %) by Region 2023 & 2031
  2. Figure 2: Global Medium Commercial Vehicles Market Volume Breakdown (K Units, %) by Region 2023 & 2031
  3. Figure 3: Global Medium Commercial Vehicles Market Revenue (USD Billion), by Powertrain 2023 & 2031
  4. Figure 4: Global Medium Commercial Vehicles Market Volume (K Units), by Powertrain 2023 & 2031
  5. Figure 5: Global Medium Commercial Vehicles Market Revenue Share (%), by Powertrain 2023 & 2031
  6. Figure 6: Global Medium Commercial Vehicles Market Volume Share (%), by Powertrain 2023 & 2031
  7. Figure 7: Global Medium Commercial Vehicles Market Forecast (USD Billion), by ICE 2020 & 2031
  8. Figure 8: Global Medium Commercial Vehicles Market Forecast (K Units), by ICE 2020 & 2031
  9. Figure 9: Global Medium Commercial Vehicles Market Forecast (USD Billion), by BEV 2020 & 2031
  10. Figure 10: Global Medium Commercial Vehicles Market Forecast (K Units), by BEV 2020 & 2031
  11. Figure 11: Global Medium Commercial Vehicles Market Forecast (USD Billion), by HEV/PHEV 2020 & 2031
  12. Figure 12: Global Medium Commercial Vehicles Market Forecast (K Units), by HEV/PHEV 2020 & 2031
  13. Figure 13: Global Medium Commercial Vehicles Market Forecast (USD Billion), by LPG & Others 2020 & 2031
  14. Figure 14: Global Medium Commercial Vehicles Market Forecast (K Units), by LPG & Others 2020 & 2031
  15. Figure 15: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Fuel Cell 2020 & 2031
  16. Figure 16: Global Medium Commercial Vehicles Market Forecast (K Units), by Fuel Cell 2020 & 2031
  17. Figure 17: Global Medium Commercial Vehicles Market Revenue (USD Billion), by Class 2023 & 2031
  18. Figure 18: Global Medium Commercial Vehicles Market Volume (K Units), by Class 2023 & 2031
  19. Figure 19: Global Medium Commercial Vehicles Market Revenue Share (%), by Class 2023 & 2031
  20. Figure 20: Global Medium Commercial Vehicles Market Volume Share (%), by Class 2023 & 2031
  21. Figure 21: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Class 3 2020 & 2031
  22. Figure 22: Global Medium Commercial Vehicles Market Forecast (K Units), by Class 3 2020 & 2031
  23. Figure 23: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Class 4 2020 & 2031
  24. Figure 24: Global Medium Commercial Vehicles Market Forecast (K Units), by Class 4 2020 & 2031
  25. Figure 25: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Class 5 2020 & 2031
  26. Figure 26: Global Medium Commercial Vehicles Market Forecast (K Units), by Class 5 2020 & 2031
  27. Figure 27: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Class 6 2020 & 2031
  28. Figure 28: Global Medium Commercial Vehicles Market Forecast (K Units), by Class 6 2020 & 2031
  29. Figure 29: Global Medium Commercial Vehicles Market Revenue (USD Billion), by Type 2023 & 2031
  30. Figure 30: Global Medium Commercial Vehicles Market Volume (K Units), by Type 2023 & 2031
  31. Figure 31: Global Medium Commercial Vehicles Market Revenue Share (%), by Type 2023 & 2031
  32. Figure 32: Global Medium Commercial Vehicles Market Volume Share (%), by Type 2023 & 2031
  33. Figure 33: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Tractor Units 2020 & 2031
  34. Figure 34: Global Medium Commercial Vehicles Market Forecast (K Units), by Tractor Units 2020 & 2031
  35. Figure 35: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Rigid Trucks 2020 & 2031
  36. Figure 36: Global Medium Commercial Vehicles Market Forecast (K Units), by Rigid Trucks 2020 & 2031
  37. Figure 37: Global Medium Commercial Vehicles Market Revenue (USD Billion), by Application 2023 & 2031
  38. Figure 38: Global Medium Commercial Vehicles Market Volume (K Units), by Application 2023 & 2031
  39. Figure 39: Global Medium Commercial Vehicles Market Revenue Share (%), by Application 2023 & 2031
  40. Figure 40: Global Medium Commercial Vehicles Market Volume Share (%), by Application 2023 & 2031
  41. Figure 41: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Transportation 2020 & 2031
  42. Figure 42: Global Medium Commercial Vehicles Market Forecast (K Units), by Transportation 2020 & 2031
  43. Figure 43: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Construction 2020 & 2031
  44. Figure 44: Global Medium Commercial Vehicles Market Forecast (K Units), by Construction 2020 & 2031
  45. Figure 45: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Mining 2020 & 2031
  46. Figure 46: Global Medium Commercial Vehicles Market Forecast (K Units), by Mining 2020 & 2031
  47. Figure 47: Global Medium Commercial Vehicles Market Forecast (USD Billion), by Agriculture 2020 & 2031
  48. Figure 48: Global Medium Commercial Vehicles Market Forecast (K Units), by Agriculture 2020 & 2031
  49. Figure 49: Global Medium Commercial Vehicles Market Revenue (USD Billion), by Region 2023 & 2031
  50. Figure 50: Global Medium Commercial Vehicles Market Volume (K Units), by Region 2023 & 2031
  51. Figure 51: Global Medium Commercial Vehicles Market Revenue Share (%), by Region 2023 & 2031
  52. Figure 52: Global Medium Commercial Vehicles Market Volume Share (%), by Region 2023 & 2031
  53. Figure 53: North America Medium Commercial Vehicles Market Revenue (USD Billion), by Powertrain 2023 & 2031
  54. Figure 54: North America Medium Commercial Vehicles Market Volume (K Units), by Powertrain 2023 & 2031
  55. Figure 55: North America Medium Commercial Vehicles Market Revenue Share (%), by Powertrain 2023 & 2031
  56. Figure 56: North America Medium Commercial Vehicles Market Volume Share (%), by Powertrain 2023 & 2031
  57. Figure 57: North America Medium Commercial Vehicles Market Revenue (USD Billion), by Class 2023 & 2031
  58. Figure 58: North America Medium Commercial Vehicles Market Volume (K Units), by Class 2023 & 2031
  59. Figure 59: North America Medium Commercial Vehicles Market Revenue Share (%), by Class 2023 & 2031
  60. Figure 60: North America Medium Commercial Vehicles Market Volume Share (%), by Class 2023 & 2031
  61. Figure 61: North America Medium Commercial Vehicles Market Revenue (USD Billion), by Type 2023 & 2031
  62. Figure 62: North America Medium Commercial Vehicles Market Volume (K Units), by Type 2023 & 2031
  63. Figure 63: North America Medium Commercial Vehicles Market Revenue Share (%), by Type 2023 & 2031
  64. Figure 64: North America Medium Commercial Vehicles Market Volume Share (%), by Type 2023 & 2031
  65. Figure 65: North America Medium Commercial Vehicles Market Revenue (USD Billion), by Application 2023 & 2031
  66. Figure 66: North America Medium Commercial Vehicles Market Volume (K Units), by Application 2023 & 2031
  67. Figure 67: North America Medium Commercial Vehicles Market Revenue Share (%), by Application 2023 & 2031
  68. Figure 68: North America Medium Commercial Vehicles Market Volume Share (%), by Application 2023 & 2031
  69. Figure 69: North America Medium Commercial Vehicles Market Revenue (USD Billion), by Country 2023 & 2031
  70. Figure 70: North America Medium Commercial Vehicles Market Volume (K Units), by Country 2023 & 2031
  71. Figure 71: North America Medium Commercial Vehicles Market Revenue Share (%), by Country 2023 & 2031
  72. Figure 72: North America Medium Commercial Vehicles Market Volume Share (%), by Country 2023 & 2031
  73. Figure 73: Europe Medium Commercial Vehicles Market Revenue (USD Billion), by Powertrain 2023 & 2031
  74. Figure 74: Europe Medium Commercial Vehicles Market Volume (K Units), by Powertrain 2023 & 2031
  75. Figure 75: Europe Medium Commercial Vehicles Market Revenue Share (%), by Powertrain 2023 & 2031
  76. Figure 76: Europe Medium Commercial Vehicles Market Volume Share (%), by Powertrain 2023 & 2031
  77. Figure 77: Europe Medium Commercial Vehicles Market Revenue (USD Billion), by Class 2023 & 2031
  78. Figure 78: Europe Medium Commercial Vehicles Market Volume (K Units), by Class 2023 & 2031
  79. Figure 79: Europe Medium Commercial Vehicles Market Revenue Share (%), by Class 2023 & 2031
  80. Figure 80: Europe Medium Commercial Vehicles Market Volume Share (%), by Class 2023 & 2031
  81. Figure 81: Europe Medium Commercial Vehicles Market Revenue (USD Billion), by Type 2023 & 2031
  82. Figure 82: Europe Medium Commercial Vehicles Market Volume (K Units), by Type 2023 & 2031
  83. Figure 83: Europe Medium Commercial Vehicles Market Revenue Share (%), by Type 2023 & 2031
  84. Figure 84: Europe Medium Commercial Vehicles Market Volume Share (%), by Type 2023 & 2031
  85. Figure 85: Europe Medium Commercial Vehicles Market Revenue (USD Billion), by Application 2023 & 2031
  86. Figure 86: Europe Medium Commercial Vehicles Market Volume (K Units), by Application 2023 & 2031
  87. Figure 87: Europe Medium Commercial Vehicles Market Revenue Share (%), by Application 2023 & 2031
  88. Figure 88: Europe Medium Commercial Vehicles Market Volume Share (%), by Application 2023 & 2031
  89. Figure 89: Europe Medium Commercial Vehicles Market Revenue (USD Billion), by Country 2023 & 2031
  90. Figure 90: Europe Medium Commercial Vehicles Market Volume (K Units), by Country 2023 & 2031
  91. Figure 91: Europe Medium Commercial Vehicles Market Revenue Share (%), by Country 2023 & 2031
  92. Figure 92: Europe Medium Commercial Vehicles Market Volume Share (%), by Country 2023 & 2031
  93. Figure 93: Asia Pacific Medium Commercial Vehicles Market Revenue (USD Billion), by Powertrain 2023 & 2031
  94. Figure 94: Asia Pacific Medium Commercial Vehicles Market Volume (K Units), by Powertrain 2023 & 2031
  95. Figure 95: Asia Pacific Medium Commercial Vehicles Market Revenue Share (%), by Powertrain 2023 & 2031
  96. Figure 96: Asia Pacific Medium Commercial Vehicles Market Volume Share (%), by Powertrain 2023 & 2031
  97. Figure 97: Asia Pacific Medium Commercial Vehicles Market Revenue (USD Billion), by Class 2023 & 2031
  98. Figure 98: Asia Pacific Medium Commercial Vehicles Market Volume (K Units), by Class 2023 & 2031
  99. Figure 99: Asia Pacific Medium Commercial Vehicles Market Revenue Share (%), by Class 2023 & 2031
  100. Figure 100: Asia Pacific Medium Commercial Vehicles Market Volume Share (%), by Class 2023 & 2031
  101. Figure 101: Asia Pacific Medium Commercial Vehicles Market Revenue (USD Billion), by Type 2023 & 2031
  102. Figure 102: Asia Pacific Medium Commercial Vehicles Market Volume (K Units), by Type 2023 & 2031
  103. Figure 103: Asia Pacific Medium Commercial Vehicles Market Revenue Share (%), by Type 2023 & 2031
  104. Figure 104: Asia Pacific Medium Commercial Vehicles Market Volume Share (%), by Type 2023 & 2031
  105. Figure 105: Asia Pacific Medium Commercial Vehicles Market Revenue (USD Billion), by Application 2023 & 2031
  106. Figure 106: Asia Pacific Medium Commercial Vehicles Market Volume (K Units), by Application 2023 & 2031
  107. Figure 107: Asia Pacific Medium Commercial Vehicles Market Revenue Share (%), by Application 2023 & 2031
  108. Figure 108: Asia Pacific Medium Commercial Vehicles Market Volume Share (%), by Application 2023 & 2031
  109. Figure 109: Asia Pacific Medium Commercial Vehicles Market Revenue (USD Billion), by Country 2023 & 2031
  110. Figure 110: Asia Pacific Medium Commercial Vehicles Market Volume (K Units), by Country 2023 & 2031
  111. Figure 111: Asia Pacific Medium Commercial Vehicles Market Revenue Share (%), by Country 2023 & 2031
  112. Figure 112: Asia Pacific Medium Commercial Vehicles Market Volume Share (%), by Country 2023 & 2031
  113. Figure 113: South America Medium Commercial Vehicles Market Revenue (USD Billion), by Powertrain 2023 & 2031
  114. Figure 114: South America Medium Commercial Vehicles Market Volume (K Units), by Powertrain 2023 & 2031
  115. Figure 115: South America Medium Commercial Vehicles Market Revenue Share (%), by Powertrain 2023 & 2031
  116. Figure 116: South America Medium Commercial Vehicles Market Volume Share (%), by Powertrain 2023 & 2031
  117. Figure 117: South America Medium Commercial Vehicles Market Revenue (USD Billion), by Class 2023 & 2031
  118. Figure 118: South America Medium Commercial Vehicles Market Volume (K Units), by Class 2023 & 2031
  119. Figure 119: South America Medium Commercial Vehicles Market Revenue Share (%), by Class 2023 & 2031
  120. Figure 120: South America Medium Commercial Vehicles Market Volume Share (%), by Class 2023 & 2031
  121. Figure 121: South America Medium Commercial Vehicles Market Revenue (USD Billion), by Type 2023 & 2031
  122. Figure 122: South America Medium Commercial Vehicles Market Volume (K Units), by Type 2023 & 2031
  123. Figure 123: South America Medium Commercial Vehicles Market Revenue Share (%), by Type 2023 & 2031
  124. Figure 124: South America Medium Commercial Vehicles Market Volume Share (%), by Type 2023 & 2031
  125. Figure 125: South America Medium Commercial Vehicles Market Revenue (USD Billion), by Application 2023 & 2031
  126. Figure 126: South America Medium Commercial Vehicles Market Volume (K Units), by Application 2023 & 2031
  127. Figure 127: South America Medium Commercial Vehicles Market Revenue Share (%), by Application 2023 & 2031
  128. Figure 128: South America Medium Commercial Vehicles Market Volume Share (%), by Application 2023 & 2031
  129. Figure 129: South America Medium Commercial Vehicles Market Revenue (USD Billion), by Country 2023 & 2031
  130. Figure 130: South America Medium Commercial Vehicles Market Volume (K Units), by Country 2023 & 2031
  131. Figure 131: South America Medium Commercial Vehicles Market Revenue Share (%), by Country 2023 & 2031
  132. Figure 132: South America Medium Commercial Vehicles Market Volume Share (%), by Country 2023 & 2031
  133. Figure 133: Middle East & Africa Medium Commercial Vehicles Market Revenue (USD Billion), by Powertrain 2023 & 2031
  134. Figure 134: Middle East & Africa Medium Commercial Vehicles Market Volume (K Units), by Powertrain 2023 & 2031
  135. Figure 135: Middle East & Africa Medium Commercial Vehicles Market Revenue Share (%), by Powertrain 2023 & 2031
  136. Figure 136: Middle East & Africa Medium Commercial Vehicles Market Volume Share (%), by Powertrain 2023 & 2031
  137. Figure 137: Middle East & Africa Medium Commercial Vehicles Market Revenue (USD Billion), by Class 2023 & 2031
  138. Figure 138: Middle East & Africa Medium Commercial Vehicles Market Volume (K Units), by Class 2023 & 2031
  139. Figure 139: Middle East & Africa Medium Commercial Vehicles Market Revenue Share (%), by Class 2023 & 2031
  140. Figure 140: Middle East & Africa Medium Commercial Vehicles Market Volume Share (%), by Class 2023 & 2031
  141. Figure 141: Middle East & Africa Medium Commercial Vehicles Market Revenue (USD Billion), by Type 2023 & 2031
  142. Figure 142: Middle East & Africa Medium Commercial Vehicles Market Volume (K Units), by Type 2023 & 2031
  143. Figure 143: Middle East & Africa Medium Commercial Vehicles Market Revenue Share (%), by Type 2023 & 2031
  144. Figure 144: Middle East & Africa Medium Commercial Vehicles Market Volume Share (%), by Type 2023 & 2031
  145. Figure 145: Middle East & Africa Medium Commercial Vehicles Market Revenue (USD Billion), by Application 2023 & 2031
  146. Figure 146: Middle East & Africa Medium Commercial Vehicles Market Volume (K Units), by Application 2023 & 2031
  147. Figure 147: Middle East & Africa Medium Commercial Vehicles Market Revenue Share (%), by Application 2023 & 2031
  148. Figure 148: Middle East & Africa Medium Commercial Vehicles Market Volume Share (%), by Application 2023 & 2031
  149. Figure 149: Middle East & Africa Medium Commercial Vehicles Market Revenue (USD Billion), by Country 2023 & 2031
  150. Figure 150: Middle East & Africa Medium Commercial Vehicles Market Volume (K Units), by Country 2023 & 2031
  151. Figure 151: Middle East & Africa Medium Commercial Vehicles Market Revenue Share (%), by Country 2023 & 2031
  152. Figure 152: Middle East & Africa Medium Commercial Vehicles Market Volume Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Region 2018 & 2031
  2. Table 2: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Region 2018 & 2031
  3. Table 3: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Powertrain 2018 & 2031
  4. Table 4: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Powertrain 2018 & 2031
  5. Table 5: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Class 2018 & 2031
  6. Table 6: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Class 2018 & 2031
  7. Table 7: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Type 2018 & 2031
  8. Table 8: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Type 2018 & 2031
  9. Table 9: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Application 2018 & 2031
  10. Table 10: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Application 2018 & 2031
  11. Table 11: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Region 2018 & 2031
  12. Table 12: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Region 2018 & 2031
  13. Table 13: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Powertrain 2018 & 2031
  14. Table 14: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Powertrain 2018 & 2031
  15. Table 15: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Class 2018 & 2031
  16. Table 16: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Class 2018 & 2031
  17. Table 17: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Type 2018 & 2031
  18. Table 18: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Type 2018 & 2031
  19. Table 19: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Application 2018 & 2031
  20. Table 20: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Application 2018 & 2031
  21. Table 21: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Country 2018 & 2031
  22. Table 22: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Country 2018 & 2031
  23. Table 23: U.S. Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  24. Table 24: U.S. Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  25. Table 25: Canada Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  26. Table 26: Canada Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  27. Table 27: Mexico Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  28. Table 28: Mexico Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  29. Table 29: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Powertrain 2018 & 2031
  30. Table 30: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Powertrain 2018 & 2031
  31. Table 31: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Class 2018 & 2031
  32. Table 32: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Class 2018 & 2031
  33. Table 33: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Type 2018 & 2031
  34. Table 34: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Type 2018 & 2031
  35. Table 35: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Application 2018 & 2031
  36. Table 36: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Application 2018 & 2031
  37. Table 37: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Country 2018 & 2031
  38. Table 38: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Country 2018 & 2031
  39. Table 39: Germany Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  40. Table 40: Germany Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  41. Table 41: France Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  42. Table 42: France Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  43. Table 43: U.K. Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  44. Table 44: U.K. Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  45. Table 45: Russia Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  46. Table 46: Russia Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  47. Table 47: Italy Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  48. Table 48: Italy Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  49. Table 49: Switzerland Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  50. Table 50: Switzerland Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  51. Table 51: Rest of Europe Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  52. Table 52: Rest of Europe Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  53. Table 53: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Powertrain 2018 & 2031
  54. Table 54: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Powertrain 2018 & 2031
  55. Table 55: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Class 2018 & 2031
  56. Table 56: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Class 2018 & 2031
  57. Table 57: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Type 2018 & 2031
  58. Table 58: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Type 2018 & 2031
  59. Table 59: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Application 2018 & 2031
  60. Table 60: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Application 2018 & 2031
  61. Table 61: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Country 2018 & 2031
  62. Table 62: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Country 2018 & 2031
  63. Table 63: China Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  64. Table 64: China Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  65. Table 65: Japan Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  66. Table 66: Japan Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  67. Table 67: India Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  68. Table 68: India Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  69. Table 69: South Korea Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  70. Table 70: South Korea Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  71. Table 71: Vietnam Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  72. Table 72: Vietnam Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  73. Table 73: Philippines Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  74. Table 74: Philippines Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  75. Table 75: Australia Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  76. Table 76: Australia Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  77. Table 77: Indonesia Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  78. Table 78: Indonesia Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  79. Table 79: Rest of Asia Pacific Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  80. Table 80: Rest of Asia Pacific Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  81. Table 81: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Powertrain 2018 & 2031
  82. Table 82: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Powertrain 2018 & 2031
  83. Table 83: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Class 2018 & 2031
  84. Table 84: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Class 2018 & 2031
  85. Table 85: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Type 2018 & 2031
  86. Table 86: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Type 2018 & 2031
  87. Table 87: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Application 2018 & 2031
  88. Table 88: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Application 2018 & 2031
  89. Table 89: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Country 2018 & 2031
  90. Table 90: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Country 2018 & 2031
  91. Table 91: Chile Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  92. Table 92: Chile Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  93. Table 93: Brazil Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  94. Table 94: Brazil Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  95. Table 95: Argentina Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  96. Table 96: Argentina Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  97. Table 97: Peru Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  98. Table 98: Peru Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  99. Table 99: Rest of South America Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  100. Table 100: Rest of South America Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  101. Table 101: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Powertrain 2018 & 2031
  102. Table 102: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Powertrain 2018 & 2031
  103. Table 103: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Class 2018 & 2031
  104. Table 104: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Class 2018 & 2031
  105. Table 105: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Type 2018 & 2031
  106. Table 106: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Type 2018 & 2031
  107. Table 107: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Application 2018 & 2031
  108. Table 108: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Application 2018 & 2031
  109. Table 109: Global Medium Commercial Vehicles Market Revenue USD Billion Forecast, by Country 2018 & 2031
  110. Table 110: Global Medium Commercial Vehicles Market Volume K Units Forecast, by Country 2018 & 2031
  111. Table 111: Egypt Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  112. Table 112: Egypt Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  113. Table 113: Turkey Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  114. Table 114: Turkey Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  115. Table 115: Saudi Arabia Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  116. Table 116: Saudi Arabia Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  117. Table 117: South Africa Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  118. Table 118: South Africa Medium Commercial Vehicles Market Volume (K Units) Forecast, by Application 2018 & 2031
  119. Table 119: Rest of the Middle East & Africa Medium Commercial Vehicles Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  120. Table 120: Rest of the Middle East & Africa Medium Commercial Vehicles Market Volume (K 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 3.3% from 2018-2032
Segmentation
    • By Powertrain
      • ICE
      • BEV
      • HEV/PHEV
      • LPG & Others
      • Fuel Cell
    • By Class
      • Class 3
      • Class 4
      • Class 5
      • Class 6
    • By Type
      • Tractor Units
      • Rigid Trucks
    • By Application
      • Transportation
      • Construction
      • Mining
      • Agriculture
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Russia
      • Italy
      • Switzerland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Vietnam
      • Philippines
      • Australia
      • Indonesia
      • Rest of Asia Pacific
    • South America
      • Chile
      • Brazil
      • Argentina
      • Peru
      • Rest of South America
    • Middle East & Africa
      • Egypt
      • Turkey
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

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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