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Commercial Vehicle Global Market Opportunities and Strategies to 2030 - ResearchAndMarkets.com

·5-min read

DUBLIN, September 21, 2021--(BUSINESS WIRE)--The "Commercial Vehicle Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.

The global commercial vehicle market reached a value of nearly $719,081.2 million in 2020, having increased at a compound annual growth rate (CAGR) of 6.2% since 2015. The market is expected to grow at a CAGR of 9.5% from 2020 to reach $1,132,567.9 million in 2025. The global commercial vehicle market is expected to reach $1,653,161.1 million in 2030, at a CAGR of 7.9%.

Growth in the historic period resulted from rapid economic growth in emerging markets, technology advances, reduced interest rates, rapid urbanization and growth in e-commerce sector. Factors that negatively affected growth in the historic period were stringent emission norms, political uncertainties and fluctuating metal prices.

Going forward, increasing online shopping, emphasis on cutting carbon emissions and favorable government initiatives will drive growth. Factors that could hinder the growth of the commercial vehicle market in the future include limitation associated with electric commercial vehicles and outbreak of coronavirus disease (COVID-19).

The commercial vehicle market is segmented by type into light commercial vehicle, heavy trucks and buses and coaches. The light commercial vehicle market was the largest segment of the commercial vehicle market segmented by type, accounting for 61.6% of the total in 2020. Going forward, the buses and coaches segment is expected to be the fastest growing segment in the commercial vehicle market segmented by type, at a CAGR of 14.7% during 2020-2025.

The commercial vehicle market is also segmented by fuel type into gasoline, diesel and others fuel type. The diesel market was the largest segment of the commercial vehicle market segmented by fuel type, accounting for 46.6% of the total in 2020. Going forward, the others-fuel type segment is expected to be the fastest growing segment in the commercial vehicle market segmented by fuel type, at a CAGR of 16.8% during 2020-2025.

The commercial vehicle market is also segmented by propulsion type into IC engine and electric vehicle. The IC engine market was the largest segment of the commercial vehicle market segmented by propulsion type, accounting for 92.8% of the total in 2020. Going forward, the electric vehicle segment is expected to be the fastest growing segment in the commercial vehicle market segmented by propulsion type, at a CAGR of 18.7% during 2020-2025.

The commercial vehicle market is also segmented by application into mining & construction, logistics, passenger transportation and others. The logistics market was the largest segment of the commercial vehicle market segmented by application, accounting for 55.7% of the total in 2020. Going forward, the passenger transportation segment is expected to be the fastest growing segment in the commercial vehicle market segmented by application, at a CAGR of 13.0% during 2020-2025.

Key Topics Covered:

1. Commercial Vehicle Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction

6.1. Segmentation By Geography

6.2. Segmentation By Type

6.3. Segmentation By Fuel Type

6.4. Segmentation By Propulsion Type

6.5. Segmentation By Application

7. Commercial Vehicle Market Characteristics

7.1. Market Definition

7.2. Segmentation By Type

7.2.1. Light Commercial Vehicle

7.2.2. Heavy Trucks

7.2.3. Buses Coaches

7.3. Segmentation By Fuel Type

7.3.1. Gasoline

7.3.2. Diesel

7.3.3. Others

7.4. Segmentation By Propulsion Type

7.4.1. IC Engine

7.4.2. Electric Vehicle

7.5. Segmentation By Application

7.5.1. Mining & Construction

7.5.2. Logistics

7.5.3. Passenger Transportation

7.5.4. Others

8. Commercial Vehicle Market, Supply Chain Analysis

8.1. Raw Material Component Suppliers

8.2. Brand Manufacturers

8.3. Contract Manufacturers

8.4. Wholesalers Distributors

8.5. End Users

8.5.1. Industrial

8.5.2. Mining & Construction

8.5.3. Logistics

8.5.4. Passenger Transportation

9. Commercial Vehicle Market, Product Analysis -Product Examples

10. Commercial Vehicle Market Customer Information

10.1. Indian Consumers Prefer To Purchase New Commercial Vehicles Online

10.2. The Future of Commercial Fleets is EVs

10.3. Consumers Identify The Benefits Of EVs

10.4. Californian Customers Are Dissatisfied With The Warranty Provided By The Vehicle Manufacturer

11. Commercial Vehicle Market Trends Strategies

11.1. Predictive Maintenance

11.2. Driverless Vehicle Technologies

11.3. 3D Printing For Vehicle Manufacturing

11.4. Adoption Of Electric Vehicles In The Logistics Industry

11.5. Trucks With Alternative Drive Systems

12. Impact Of COVID-19 On The Commercial Vehicle Market

12.1. Impacts On The Market

12.1.1. Impact On Commercial Vehicles Sales

12.1.2. Disruption In Production Supply Chain

12.1.3. Impact On Manufactures

12.2. Surveys On The Impact Of COVID-19 On The Market

12.3. Future Outlook

12.4. Conclusion

13. Global Commercial Vehicle Market Size Growth

13.1. Market Size

13.2. Historic Market Growth, 2015 - 2020, Value ($ Million)

13.2.1. Drivers Of The Market 2015 - 2020

13.2.2. Restraints On The Market 2015 - 2020

13.3. Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)

13.3.1. Drivers Of The Market 2020 - 2025

13.3.2. Restraints On The Market 2020 - 2025

14. Commercial Vehicle Market, Regional Analysis

14.1. Global Commercial Vehicle Market, By Region, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

14.2. Global Commercial Vehicle Market, 2015 - 2025, Historic Forecast, By Region

14.3. Global Commercial Vehicle Market, 2020 - 2025, Growth Market Share Comparison, By Region

Companies Mentioned

  • Daimler AG

  • Volvo Group

  • PACCAR Inc.

  • Dongfeng Motor Group Company Limited

  • Volkswagen AG

For more information about this report visit https://www.researchandmarkets.com/r/43hr77

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005810/en/

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