Global Commercial Vehicles Market Growth 2023-2029

Global Commercial Vehicles Market Growth 2023-2029

Product Code:456286

Published Date: Feb 08,2023

Pages: 110

Region: Global

Category: Automobile & Transportation

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A commercial vehicle is used for commercial or business purposes. Commercial motor vehicles (CMV) may transport goods or paying passengers. A commercial vehicle is often designated "commercial" when it is titled or registered to a company. This may include company cars, fleet vehicles, or other vehicles used for business purposes.

LPI (LP Information)' newest research report, the “Commercial Vehicles Industry Forecast” looks at past sales and reviews total world Commercial Vehicles sales in 2022, providing a comprehensive analysis by region and market sector of projected Commercial Vehicles sales for 2023 through 2029. With Commercial Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Vehicles industry.

This Insight Report provides a comprehensive analysis of the global Commercial Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Commercial Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Commercial Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Vehicles and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Commercial Vehicles.

The global Commercial Vehicles market size is projected to grow from US$ 902690 million in 2022 to US$ 997840 million in 2029; it is expected to grow at a CAGR of 997840 from 2023 to 2029.

Global core commercial vehicles manufacturers include FootJoy, Toyota, Ford etc.The top 5 companies hold a share about 30%.North America is the largest market, with a share about 32%, followed by Europe and China with the share about 30% and 18%.In terms of product, light commercial vehicle is the largest segment, with a share over 68%. And in terms of application, the largest application is transportation and logistics, followed by construction.

This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Vehicles market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Light Commercial Vehicle
    Medium Duty/Heavy Duty Vehicle
    Buses & Coaches

Segmentation by application
    Transportation and Logistics
    Construction
    Public Transit
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    GM
    Toyota
    Ford
    Daimler
    Volvo
    Stellantis
    PACCAR
    Faw Jiefang Group
    Man Truck & bus
    Scania
    Iveco
    Sinotruck
    Shaanxi Heavy Duty Automobile
    Isuzu Motors
    Navistar
    Tata Motors
    Yutong
    BYD

Key Questions Addressed in this Report
What is the 10-year outlook for the global Commercial Vehicles market?
What factors are driving Commercial Vehicles market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Commercial Vehicles market opportunities vary by end market size?
How does Commercial Vehicles break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?