All News

Commercial Vehicles Market 2020 with Growth, Share, Demand, Global Production with Revenue Share, and Applications Forecast to 2024

Commercial Vehicles

Commercial Vehicles Market” report delivers an overview of the market trends, drivers, and barriers with respect to the competitive landscape. It also provides a detailed overview of the market of different regions globally. Furthermore, the Commercial Vehicles market report contains a primary overview of the Commercial Vehicles market covering different product definitions, classifications, and participants in the industry chain structure.

The global Commercial Vehicles market provides quantitative and qualitative analysis of the competitive landscape, development trends, and key success in the Commercial Vehicles industry.

Get a Sample Copy of the Report At –

Competitor Landscape: Commercial Vehicles market report contains top companies on the basis of types, applications, size, share, and regions.

  • Isuzu Motors Ltd
  • Ford Motor Company
  • Fiat Chrysler Automobile
  • Hyundai Motor Co. Ltd
  • IVECO SpA (Industrial Vehicle Corporation)
  • Hino Motors Limited
  • Diamler AG
  • Volvo Group
  • Mitsubishi Motor Corporation
  • Toyota Motor Corporation
  • Scania AB

    Market Overview:

  • The commercial vehicles market is estimated to register a CAGR of over 5% during the forecast period, 2019-2024.
  • The expansion of the industrial sector in the emerging markets and the development of commercial operations in logistics led to a significant demand for commercial vehicles, in 2018. Moreover, this demand is anticipated to continue to increase, owing to improving economies across both developing and developed regions. This is expected to drive the growth of the market in the coming years.
  • The increasing number of construction and e-commerce activities resulted in an increase in demand for material transportation, which, in turn, resulted in increased sales of commercial vehicles, worldwide. This is likely to drive the growth of the commercial vehicles market in the near future.
  • The shift toward electric vehicles is expected to provide growth opportunities in the market. The implementation of advances in technology and stringent emission regulations have led to automakers (OEMs) shifting toward electric vehicles. Moreover, various other players are shifting toward electric vehicles, which may result in growth opportunities in the market, in the years to c

    Inquire or Share Your Questions If Any Before the Purchasing This Report –

    Key Market Trends:

    Heavy Duty Commercial Vehicle Segment projected to grow at a high pace

    Currently, the heavy-duty commercial vehicle segment has the highest share out of all the segments. Heavy-duty commercial vehicles (HCV) include vehicles with a gross vehicle weight rating greater than 16 metric ton, such as heavy trucks and buses. The demand for heavy-duty commercial vehicles is likely to increase in the coming years, owing to increasing tourism, construction, mining, and logistics activities, worldwide. Countries, such as North America, India, and Japan, witnessed positive sales for HCV, in 2018. Automotive companies are now targeting potential regions, such as Asia-Pacific, Europe, and North America, in order to expand the sales of heavy-duty commercial vehicles. Thus, the increasing focus on this segment shall lead to its expected high CAGR.

    North America is expected to see the highest growth

    In the commercial vehicles market, the growth of the North American region is expected to be more during the forecast period. The sales of commercial vehicles have been rising significantly from 2016 – 2018. Moreover, in 2018, the commercial vehicles sales increased to 7.8%, when compared to that of 2017. This was majorly due to the significant increase of 30% in heavy commercial vehicle (such as trucks and buses) sales in 2018 from 2017. The rising concerns about environmental pollution have led to the US government consistently working and supporting various measures aimed at the growth of the electric vehicle industry in the North American region. The rising demand for commercial electric vehicles has led to a drastic increase in competition among commercial vehicle manufactures, and hence, to sustain in the market, players have started shifting their commercial vehicle production plans to electric vehicles. Thus, such developments are expected to drive the growth of the commercial vehicles market in the North American region.

    Reason to buy Commercial Vehicles Market Report:

    • Commercial Vehicles market report provides pin-point analysis for changing competitive dynamics.
    • Commercial Vehicles market report provides a forward-looking perspective on different factors driving or restraining market growth
    • Ability to analyze the development of future products, pricing strategies, and launch plans of the Commercial Vehicles market.
    • Further insight into the prevalence of the subdivided types of Commercial Vehicles and identification of segments with high potential.
    • Delivery of more accurate information related to various countries.
    • Evaluate the key vendors in the Commercial Vehicles market in terms of product satisfaction and business strategy.

    Purchase this Report (Price 4250 USD for a Single-User License) –

    Detailed TOC of Commercial Vehicles Market 2020-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5.1 By Vehicle Type
    5.1.1 Light Commercial Vehicle
    5.1.2 Heavy-duty Commercial Vehicle
    5.2 Geography
    5.2.1 North America United States Canada
    5.2.2 Europe Spain United Kingdom Germany France Rest of Europe
    5.2.3 Asia-Pacific China India Japan Rest of Asia-Pacific
    5.2.4 Rest of the World

    6.1 Vendor Market Share
    6.2 Company Profiles
    6.2.1 Isuzu Motors Ltd
    6.2.2 Ford Motor Company
    6.2.3 Fiat Chrysler Automobile
    6.2.4 Hyundai Motor Co. Ltd
    6.2.5 IVECO SpA (Industrial Vehicle Corporation)
    6.2.6 Hino Motors Limited
    6.2.7 Diamler AG
    6.2.8 Volvo Group
    6.2.9 Mitsubishi Motor Corporation
    6.2.10 Toyota Motor Corporation
    6.2.11 Scania AB


    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]

    Our Other Reports:

    Digestive Capsule Endoscopy Market Share 2020 – Global Manufacturers with Regional Analysis, Manufacturing Size, Growth Insights, Key Opportunities till 2024 – Industry

    Guanidinoacetic Acid Market Size 2020 | Global Trends Analysis by Growth Demand, Key Players by Share Analysis Forecast to 2025 – Report by Industry

    Cycloheptanone Market Size Analysis 2020 – Global Industry Scope, Key Players, Top Regions, Current Industry Trend with Growth Rate, CAGR Status Forecast to 2026 | Report by Industry

    Enterprise Asset Management Software Market Size by Global Growth Trends 2020 | Latest Trends, Business Statistics, Development Status by Regions, Opportunity Assessment Forecast to 2025

    Automotive Forging Market Size 2020 | Global Manufacturers with Forthcoming Developments, Regional Overview, Growth Analysis by Key Findings, Demand Status Forecast to 2025

    Water Proof Zipper Market Growth Factors by Latest Developments 2020 | Future Demand Status, Business Strategies, Opportunities, Trends, Industry Size and Share Forecast to 2026

    Crosscarmellose Sodium Market Size and Growth Rate 2020 | Global Impact of COVID-19 on Industry Share, Explosive Factors of Key Players, Progress Status, and Recent Trends Forecast to 2026

    Laser Protective Glasses Market Size | Share Forecast 2020 to 2026: Competition Analysis, Industry Growth by New Innovations, Top Players Analysis with COVID-19 Impact

    Corn Germ Oil Market Share, Size 2020 Industry Analysis by Future Demand Status, Global Research, Top Leading player, Emerging Trends, Region by Forecast to 2025

    Laser Technology Market 2020 Global Business Share, Top Manufacturers, Growth Factors, Size, Growth Opportunities, Trends, and Forecast to 2026

    Environmental Health and Safety Market Size 2020 Global Growth, Share by Regions, Demand Status, Latest Trends, Insights and Forecast 2026