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Commercial Vehicle Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Light Vehicle, Heavy Vehicle, and Buses & Coaches), By Power Source (Gasoline, Diesel, HEV / PHEV, Battery Electric Vehicle (BEV), Fuel Cell Vehicle) and Regional Forecasts, 2021-2028

Region : Global | Format: PDF | Report ID: FBI104284

 

KEY MARKET INSIGHTS

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The global commercial vehicle market size stood at USD 654.9 billion in 2020. The market is expected to grow from USD 634.3 billion in 2021 to USD 990.5 billion by 2028 at a CAGR of 6.5% during the 2021-2028 period. Based on the analysis, a Sudden drop in demand for CV vehicles has significantly affected the new vehicle orders in the Asia Pacific and Europe. The market is likely to recover by mid-2021. The lockdown and economic crisis-induced due to the COVID-19 pandemic have severely impacted vehicle manufacturers' financials in 2020, with demand decreasing in some countries. Based on our analysis, the global market exhibited a significant decline of -14% in 2020.


North America has witnessed a decline of -18.50% in commercial vehicle production due to the covid-19 pandemic and drop in new orders.


CV vehicles are four-wheeled vehicles that are used to transport products. The difference in mass between light vehicles and large trucks is measured in tonnes (metric tonnes). This limit varies between 3.5 and 7 tonnes depending on national and professional standards. Buses and coaches are used to transport passengers with more than eight seats in addition to the driver's seat and a maximum mass greater than that of light vehicles (range from 3.5 to 7 tonnes).


This market is fragmented into light vehicles, heavy vehicles, and buses & coaches. Various governments are also taking initiatives to develop and secure commercial vehicles on the road. Technical improvements in the CV  field are constantly evolving, and some of these technologies quickly become mandatory requirements. For example, the European Union has regulated automakers to install Advanced Driver Assistance Systems (ADAS), AEB, and Lane Departure Warning (LDW) in all heavy vehicles weighing nearly 15,400 pounds.


Dropped Sales of Commercial Vehicles to Restrict Growth Amid Covid-19


In early 2020, the COVID-19 pandemic triggered an unprecedented decline in sales, affecting the automotive industry. Transportation and manufacturing operations, and public transportation, have been halted to prevent the spread of the coronavirus. Due to social distancing, city-wide lockdowns, and restricted personnel using all safety measures to manage production lines, the global automotive industry has slowed down, and the public's shuttle to get off work has also been disturbed. Due to the increasing impact of the coronavirus on this commercial vehicle industry, market demand and sales may drop expressively. People are increasingly worried about the spread of the coronavirus, and people are concerned about using public transportation. It is also expected that this will slow down the market growth.


Companies such as Daimler AG and Scania have seen a decline of around 13-17% in revenue due to the covid effect. Also, the production of trucks and buses has been hampered or lowered due to a lack of raw material availability and high import taxes. The sudden drop in demands for these trucks has significantly affected the new trucks and buses orders in the Asia Pacific and Europe.


However, industry players are putting great effort into overcoming the pandemic's uncertainty by incorporating development in the public transportation sector. It's worth stating that, considering the nature of the industry, most people believe that, once the pandemic situation has passed, the automotive manufacturing-related work business will quickly recover.


Although the pandemic's duration is difficult to predict, the arrival of COVID-19 vaccines in early 2021 is expected to benefit the automotive industry. Furthermore, many companies are resuming public transportation services that require various safety measures and standards.


LATEST TRENDS


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Growing Usage of Cloud-Based Systems in CV to Drive Market Growth


The use of cloud computing in the vehicle industry is growing rapidly. Cloud computing plays a vital role in CV production, and its services range from operation to design to management of various systems. The functions that come with cloud computing can reduce costs, thereby minimizing and reducing waste. Cloud computing makes it possible to communicate with vehicles from remote locations and retrieve and store data.


DRIVING FACTORS


Industrialization and Infrastructure Development to Propel the Market Growth


The rapid population growth, the acceleration of urbanization, the expansion of the industrial sector, and the development of infrastructure are the primary reasons for the significant growth of global good transport vehicles. The development of the industrial sector, especially in developing economies, is generating a large number of job opportunities in various sectors such as construction, mining, and tourism. Therefore, the increase in job opportunities also simultaneously leads to a rise in commuters, which has a high impact on public transportation demand.


Adoption of Advanced Technologies and Electrification to Drive Market Growth


The adoption of advanced driver assistance systems (ADAS), such as driver sleepiness detection systems, lane departure warning systems, driver monitoring systems, blind spot detection systems, etc., is driving the market. In addition, connectivity and telematics are dramatically changing how operations are performed, encouraging manufacturers to provide multiple connectivity services for vehicles because they provide enhanced security and prevent unauthorized vehicle entry, thereby avoiding vehicle mistakes. This is expected to help the commercial vehicle market growth in the coming years. For instance, Valeo and Wabco signed a Memorandum of Understanding (MoU) to work on ADAS technology for vehicle developers. The association is studying radar systems to provide blind-spot warning assistance to drivers to comply with German regulations.


RESTRAINING FACTORS


Strict Government Regulations and High Costs for Heavy Vehicles to Inhibit Market Growth


On a global scale, the government is taking significant measures to develop the automobile industry. The government has implemented strict regulations to reduce the incidence of road traffic accidents, ensure the safety of passengers and drivers, and curb rising fuel emissions. They have also imposed strict laws on auto manufacturing companies to control rising exhaust emissions, which has led to a global environmental crisis and global warming. In addition, the governments of some economies have formulated emission policies, such as India's BSVI emission standard, Europe's European VI, and China's China VI, to reduce emission levels by setting emission limits. Also, the compulsion to install catalytic converters in gasoline or diesel vehicles in some countries and downsizing the engine lead to a rise in the cost of vehicles. However, all these measures taken by the government and the various laws imposed on the automotive industry have forced manufacturers to comply with these laws and install systems, ultimately increasing manufacturing costs, resulting in high purchase costs for CV.


SEGMENTATION


By Vehicle Type Analysis


Light Commercial Vehicle Segment is Expected to Hold the Largest Market Share


The market is segmented into light vehicles, heavy vehicles, and buses & coaches based on the vehicle type. The light vehicle segment accounts for a significant share in the global market owing to the highest usage in the logistics operation in a smaller range. The heavy vehicle segment is expected to develop at an exponential rate over the forecast period.


By Power Source Analysis


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Diesel Segment is Expected to Hold the Largest Commercial Vehicle Market Share


The market is divided into gasoline, diesel, HEV / PHEV, Battery Electric Vehicle (BEV), and fuel cell vehicles based on the power source level. The diesel segment has the highest share in the global market. However, the gasoline segment and HEV/PHEV segment are also predicted to experience promising growth in the market. due to the rise in demand for sources due to stringent regulation regarding fuel economy standards.


REGIONAL INSIGHTS


APAC CV Market Size, 2020 (USD billion)

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APAC stood at USD 296.3 Billion in 2020 and is projected to reach USD 438.6 Billion by 2028, at a CAGR of 6.7% over the forecast period. The region is likely to dominate the global market as an automotive hub, increasing vehicle production per year in the region's countries. The growing adoption of vital governmental initiatives, the use of electric vehicles, and autonomous vehicles is likely to promote the development of the market in the region during the forecast period. Furthermore, the growth of businesses such as mining and logistics in developing countries in this region will propel the development of the market.


The market size in North America stood at USD 266.2 billion in 2020. North America holds the second-largest position in the market owing to the growing demand for commercial vehicles in North America. The reason is the increasing demand for long-distance operations from fleet management in this region. It is estimated that Europe has shown good growth in this market. As the demand for personnel and cargo transportation continues to increase, it is expected that this demand will significantly increase in the future.


In the CV market, the rest of the world contributes very little compared to the other regions, and this is due to fewer automotive OEMs, low adoption of technology, and less presence of all typed vehicles. However, it is expected to grow in the future at a CAGR of 6.88%.


KEY INDUSTRY PLAYERS


The Daimler AG is the Top Player in the Market


Daimler AG is one of the largest CV manufacturers and the world's largest manufacturer of premium vehicles, with operations worldwide. The company offers leasing, financing, fleet management,  insurance, and innovative mobility services. The company's VISION EQS delivers a preview of the future sizable electric luxury cars. In addition, Daimler also has Mercedes-Benz vans and cars, Daimler buses and trucks, and transportation departments.


LIST OF KEY COMPANIES PROFILED:



  • Daimler AG (Stuttgart, Germany)

  • PACCAR Inc. (Washington, U.S.)

  • Hino (Tokyo, Japan)

  • SCANIA (Södertälje, Sweden)

  • Tata Motors (Mumbai, India)

  • Navistar International Corp (Illinois, U.S.)

  • BYD Auto Co., Ltd. (Shenzhen, China)

  • AB Volvo (Gothenburg, Sweden)

  • Toyota Motor Corporation (Toyota, Aichi, Japan)

  • Proterra, Inc. (California, U.S.)


KEY INDUSTRY DEVELOPMENTS:



  • April 2020 – The Volvo Group and Daimler Truck AG Had Went into Non-Binding Agreement to Form New Joint Venture

  • The joint venture will develop and commercialize advanced fuel cell systems for heavy CV applications. The joint venture's goal is to achieve carbon neutrality and sustainable transportation in Europe by 2050. The Volvo Group will acquire 50% of this joint venture in a debt-free transaction. Both companies will obtain lower development cost profits and accelerate commercialization by introducing fuel cell systems for heavy vehicles through this joint venture.

  • April 2021- PACCAR, a pioneer in zero-emission CV, announced a five-year supply agreement for battery power systems with Romeo Power, Inc. ("Romeo Power"), a leading battery technology company in Los Angeles, California. PACCAR will purchase Romeo Power's battery packs, and battery management software for heavy-duty battery-electric Peterbilt 579EV vehicles and Peterbilt 520EV refuse trucks in North America.

  • January 2021- PACCAR and Aurora have agreed to develop, test, and commercialize autonomous  Peterbilt and Kenworth trucks. PACCAR's autonomous vehicle platform will be integrated with the Aurora Driver to improve PACCAR's customers' safety and operational efficiency.


REPORT COVERAGE


An Infographic Representation of Commercial Vehicle Market

Commercial Vehicle Market
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The global commercial vehicle market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading product applications. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the market's growth over recent years.


Report Scope & Segmentation












































  ATTRIBUTE

  DETAILS

Study Period

  2017-2028

Base Year

  2020

Estimated Year

  2021

Forecast Period

  2021-2028

Historical Period

  2017-2019

Unit

  Value (USD Billion) & Volume (Thousand units)
Segmentation

By Vehicle Type



  • Light CV

  • Heavy CV

  • Buses & Coaches

By Power Source



  • Gasoline

  • Diesel

  • HEV / PHEV

  • Battery Electric Vehicle (BEV)

  • Fuel Cell Vehicle

By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., Germany, France, and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World

Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 654.9 Billion in 2020 and is projected to reach USD 990.5 billion by 2028.

In 2020, the North American market size stood at USD 266.2 Billion.

The market is projected to grow at a CAGR of 6.5% and will exhibit steady growth during the forecast period (2021-2028).

The Light Vehicle segment is expected to be the leading segment in this market during the forecast period.

industrialization and infrastructure development is expected to propel the market growth

Daimler AG is the leading player in the global market.

APAC dominated the market share in 2020.

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Table of Content:

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
  4. Key Insights
    1. Merger, Acquisitions, and Partnerships
    2. Growth and Penetration Analysis
    3. Porter’s Five Forces Analysis
    4. PEST Analysis
    5. Technological Developments in commercial vehicles
    6. Covid-19 Impact Analysis
  5. Global Commercial Vehicle Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Power Source
      1. Gasoline
      2. Diesel
      3. HEV/PHEV
      4. Battery Electric Vehicle (BEV)
      5. Fuel Cell Vehicle
    3. Market Analysis, Insights and Forecast – By Vehicle Type
      1. Light Commercial Vehicles
      2. Heavy Commercial Vehicles
      3. Buses & Coaches
    4. Market Analysis, Insights and Forecast – By Region
      1. North America
      2. Europe
      3. Asia pacific
      4. Rest of the World
  6. North America Commercial Vehicle Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Analysis – By Power Source
      1. Gasoline
      2. Diesel
      3. HEV/PHEV
      4. Battery Electric Vehicle (BEV)
      5. Fuel Cell Vehicle
    3. Market Analysis – By Vehicle Type
      1. Light Commercial Vehicles
      2. Heavy Commercial Vehicles
      3. Buses & Coaches
    4. Market Analysis – By Country
      1. U.S.
        1. By Vehicle Type
      2. Canada
        1. By Vehicle Type
      3. Mexico
        1. By Vehicle Type
  7. Europe Commercial Vehicle Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Analysis – By Power Source
      1. Gasoline
      2. Diesel
      3. HEV/PHEV
      4. Battery Electric Vehicle (BEV)
      5. Fuel Cell Vehicle
    3. Market Analysis – By Vehicle Type
      1. Light Commercial Vehicles
      2. Heavy Commercial Vehicles
      3. Buses & Coaches
    4. Market Analysis – By Country
      1. U.K.
        1. By Vehicle Type
      2. Germany
        1. By Vehicle Type
      3. France
        1. By Vehicle Type
      4. Rest of Europe
        1. By Vehicle Type
  8. Asia Pacific Commercial Vehicle Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Analysis – By Power Source
      1. Gasoline
      2. Diesel
      3. HEV/PHEV
      4. Battery Electric Vehicle (BEV)
      5. Fuel Cell Vehicle
    3. Market Analysis – By Vehicle Type
      1. Light Commercial Vehicles
      2. Heavy Commercial Vehicles
      3. Buses & Coaches
    4. Market Analysis – By Country
      1. China
        1. By Vehicle Type
      2. Japan
        1. By Vehicle Type
      3. India
        1. By Vehicle Type
      4. South Korea
        1. By Vehicle Type
      5. Rest of Asia Pacific
        1. By Vehicle Type
  9. Rest of the World Commercial Vehicle Market Analysis, Insights and Forecast, 2017–2028
    1. Key Findings / Summary
    2. Market Analysis – By Power Source
      1. Gasoline
      2. Diesel
      3. HEV/PHEV
      4. Battery Electric Vehicle (BEV)
      5. Fuel Cell Vehicle
    3. Market Analysis – By Vehicle Type
      1. Light Commercial Vehicles
      2. Heavy Commercial Vehicles
      3. Buses & Coaches
  10. Competitive Analysis
    1. Key Industry Developments
    2. Global Market Share Analysis (2020)
    3. Competition Dashboard
    4. Comparative Analysis – Major Players
    5. Company Profiles (Overview, Products & Services, SWOT analysis, Recent developments, strategies,financials (based on availability))
      1. Daimler AG
        1. Overview,
        2. Products & Services,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      2. PACCAR Inc.
        1. Overview,
        2. Products & Services,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      3. Hino
        1. Overview,
        2. Products & Services,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      4. SCANIA
        1. Overview,
        2. Products & Services,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      5. Tata Motors
        1. Overview,
        2. Products & Services,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      6. Navistar International Corp
        1. Overview,
        2. Products & Services,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      7. BYD
        1. Overview,
        2. Products & Services,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      8. AB Volvo
        1. Overview,
        2. Products & Services,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      9. Toyota Corporation
        1. Overview,
        2. Products & Services,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      10. Proterra
        1. Overview,
        2. Products & Services,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)

List of Figures:

Figure 01: Global Commercial Vehicle Market Revenue (USD Billion) Forecast, By Region, 2017–2028 (USD Billion)

Figure 02: Global Commercial Vehicle Market Volume Share (%), By Region, 2017-2028 (Thousand Units)

Figure 03: Global Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 04: Global Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 05: Global Commercial Vehicle Market Value Share (%), by Power Source, 2017-2028 (USD Billion)

Figure 06: Global Commercial Vehicle Market Volume Share (%), by Power Source, 2017-2028 (Thousand Units)

Figure 07: North America Commercial Vehicle Market Value Share (%), by Country, 2017-2028 (USD Billion)

Figure 08: North America Commercial Vehicle Market Volume Share (%), by Country, 2017-2028 (Thousand Units)

Figure 09: North America Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 10: North America Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 11: North America Commercial Vehicle Market Value Share (%), by Power Source, 2017-2028 (USD Billion)  

Figure 12: North America Commercial Vehicle Market Volume Share (%), by Power Source, 2017-2028 (Thousand Units)

Figure 13: U.S Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 14: U.S. Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 15: Canada Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 16: Canada Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 17: Mexico Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 18: Mexico Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 19: Europe Commercial Vehicle Market Value Share (%), by Country, 2017-2028 (USD Billion) 

Figure 20: Europe Commercial Vehicle Market Volume Share (%), by Country, 2017-2028 (Thousand Units)

Figure 21: Europe Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)   

Figure 22: Europe Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 23: Europe Commercial Vehicle Market Value Share (%), by Power Source, 2017-2028 (USD Billion)  

Figure 24: Europe Commercial Vehicle Market Volume Share (%), by Power Source, 2017-2028 (Thousand Units)

Figure 25: U.K. Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 26: U.K. Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 27: Germany Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 28: Germany Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 29: France Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 30: France Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 31: Rest of Europe Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 32: Rest of Europe Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 33: Asia Pacific Commercial Vehicle Market Value Share (%), by Country, 2017-2028 (USD Billion)  

Figure 34: Asia Pacific Commercial Vehicle Market Volume Share (%), by Country, 2017-2028 (Thousand Units)  

Figure 35: Asia Pacific Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)    

Figure 36: Asia Pacific Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units) 

Figure 37: Asia Pacific Commercial Vehicle Market Value Share (%), by Power Source, 2017-2028 (USD Billion)   

Figure 38: Asia Pacific Commercial Vehicle Market Volume Share (%), by Power Source, 2017-2028 (Thousand Units) 

Figure 39: China Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 40: China Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 41: India Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 42: India Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 43: Japan Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 44: Japan Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 45: South Korea Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 46: South Korea Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 47: Rest of APAC Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)

Figure 48: Rest of APAC Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units)

Figure 49: Rest of the World Commercial Vehicle Market Value Share (%), by Country, 2017-2028 (USD Billion)   

Figure 50: Rest of the World Commercial Vehicle Market Volume Share (%), by Country, 2017-2028 (Thousand Units) 

Figure 51: Rest of the World Commercial Vehicle Market Value Share (%), by Vehicle Type, 2017-2028 (USD Billion)   

Figure 52: Rest of the World Commercial Vehicle Market Volume Share (%), by Vehicle Type, 2017-2028 (Thousand Units) 

Figure 53: Rest of the World Commercial Vehicle Market Value Share (%), by Power Source, 2017-2028 (USD Billion)   

Figure 54: Rest of the World Commercial Vehicle Market Volume Share (%), by Power Source, 2017-2028 (Thousand Units) 

List of Tables:

Table 01: Global Commercial Vehicle Market Revenue (USD Billion) Forecast, by Region, 2017–2028

Table 02: Global Commercial Vehicle Market Volume (Thousand Units) Forecast, by Region, 2017–2028

Table 03: Global Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 04: Global Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 05: Global Commercial Vehicle Market Revenue (USD Billion) Forecast, by Power Source, 2017–2028

Table 06: Global Commercial Vehicle Market Volume (Thousand Units) Forecast, by Power Source, 2017–2028  

Table 07: North America Commercial Vehicle Market Revenue (USD Billion) Forecast, by Country, 2017–2028

Table 08: North America Commercial Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017–2028

Table 09: North America Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 10: North America Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 11: North America Commercial Vehicle Market Revenue (USD Billion) Forecast, by Power Source, 2017–2028

Table 12: North America Commercial Vehicle Market Volume (Thousand Units) Forecast, by Power Source, 2017–2028

Table 13: U.S. Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 14: U.S. Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 15: Canada Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 16: Canada Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 17: Mexico Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 18: Mexico Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 19: Europe Commercial Vehicle Market Revenue (USD Billion) Forecast, by Country, 2017–2028

Table 20: Europe Commercial Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017–2028

Table 21: Europe Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 22: Europe Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 23: Europe Commercial Vehicle Market Revenue (USD Billion) Forecast, by Power Source, 2017–2028

Table 24: Europe Commercial Vehicle Market Volume (Thousand Units) Forecast, by Power Source, 2017–2028

Table 25: U.K. Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 26: U.K. Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 27: Germany Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 28: Germany Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 29: France Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 30: France Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 31: Rest of Europe Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 32: Rest of Europe Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 33: Asia Pacific Commercial Vehicle Market Revenue (USD Billion) Forecast, by Country, 2017–2028

Table 34: Asia Pacific Commercial Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017–2028

Table 35: Asia Pacific Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 36: Asia Pacific Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 37: Asia Pacific Commercial Vehicle Market Revenue (USD Billion) Forecast, by Power Source, 2017–2028

Table 38: Asia Pacific Commercial Vehicle Market Volume (Thousand Units) Forecast, by Power Source, 2017–2028

Table 39: China Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 40: China Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 41: Japan Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 42: Japan Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 43: India  Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 44: India Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 45: South Korea Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 46: South Korea Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 47: Rest of APAC Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 48: Rest of APAC Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 49: Rest of the World Commercial Vehicle Market Revenue (USD Billion) Forecast, by Country, 2017–2028

Table 50: Rest of the World Commercial Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017–2028

Table 51: Rest of the World Commercial Vehicle Market Revenue (USD Billion) Forecast, by Vehicle Type, 2017–2028

Table 52: Rest of the World Commercial Vehicle Market Volume (Thousand Units) Forecast, by Vehicle Type, 2017–2028

Table 53: Rest of the World Commercial Vehicle Market Revenue (USD Billion) Forecast, by Power Source, 2017–2028

Table 54: Rest of the World Commercial Vehicle Market Volume (Thousand Units) Forecast, by Power Source, 2017–2028

Commercial Vehicle Market Size, Share and Global Industry Trend Forecast till 2026
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