Asia Pacific Non-Passenger Vehicle Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The market is segmented by Vehicle type (Construction Equipment, Mining Equipment, Agricultural Machinery, Trucks, and Others) and by Country (China, Japan, India, South Korea, Australia, and the Rest of Asia-Pacific). The report offers market size, volume, and forecast for all the above segments.

APAC Non Passenger Vehicle Market Size

Asia Pacific Non-Passenger Vehicle Market Summary

APAC Non Passenger Vehicle Market Analysis

The Asia Pacific Non Passenger Vehicle Market is expected to register a CAGR of 6.1% during the forecast period.

The outbreak of the coronavirus disease (COVID-19) acted as a massive restraint on the automotive parts and components market in 2020, as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. However, government incentives, growing regional demand, and easy availability of raw materials are expected to drive market growth during the forecast period.

Over the long term, increasing investments in production capacity by major industry players, massive government spending on infrastructure, electrification of the equipment, and growing urbanization as well as rising demand for construction equipment like excavators, backhoe loaders, and road machinery is creating demand in the automotive and transportation industry with a surge in sales of construction equipment.

Factors like increasing regulations on vehicle emissions, advancement in vehicle safety, the introduction of driver-assist systems in vehicles, and rapidly growing logistics in the retail and e-commerce sectors have been significantly driving the demand for the new and advanced commercial vehicles in the market.

The demand for LCVs is likely to increase, as the logistics and e-commerce industries are growing rapidly. Additionally, the rapid urbanization has created new retail and e-commerce platforms, which require efficient logistics, leading to the growth of the light commercial vehicles (LCV) market.

Governments across the world and in Asia-Pacific are putting pressure on vehicle manufacturers to reduce carbon emissions caused by diesel fuel combustion and tackle greenhouse gas emissions, in turn, pushing them to invest in developing electric trucks (e-trucks). Meanwhile, low-emission zones are driving fleets to replace diesel trucks with cleaner options.

Key players in the market are expanding their production capacity and launching new products to cater to the increased demand for construction equipment. For instance,In August 2022 Sany Heavy Industry started operations at their first manufacturing facility in Indonesia with the rollout of locally produced SY315CKD excavator. The factory is built in 100000 square meter area with an investment of USD 30 million.In May 2022, JCB launched 19C-1E India's first fully electric excavator at Excon 2022.

APAC Non Passenger Vehicle Industry Overview

The market is characterized by the presence of considerably global players as well as some local players who have secured long-term supply contracts with major infrastructure companies. These players also engage in joint ventures, mergers and acquisitions, new product launches, and product development to expand their brand portfolios and cement their market positions.

Some of the major players dominating the market are JCB Limited, Caterpillar Inc,. Kubota Corporation, Mahindra & Mahindra, Isuzu Motors, Ltd.Komatsu Corp., Sany Heavy Industry, XCMG, Hitachi Construction Machinery Ltd., and Others . Key players are launching new products to secure their market position and stay ahead of the market curve. For instance,

  • May, 2022: Caterpillar Inc. launched 303 CR mini excavators and 120 GC Motor Grader in India. These two products were displayed at the Confederation of Indian Industry (CII) EXCON 2022 in Bengaluru, along with Caterpillar's existing range of products, including excavators, motors, wheels, backhoes, and skid steer loaders.
  • January, 2022: Hitachi Ltd. announced the selling of a 50% stake in Hitachi Construction Machinery Ltd. to a joint venture between Itochu Corporation and investment fund Japan Industrial Partners Inc. for JPY 182.4 billion.

APAC Non Passenger Vehicle Market Leaders

  1. JCB Limited

  2. Caterpillar Inc.

  3. Kubota Corporation

  4. Mahindra & Mahindra

  5. Isuzu Motors Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Asia Pacific Non-Passenger Vehicle Market Concentration
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APAC Non Passenger Vehicle Market News

  • August, 2022: Volvo CE announced to development of its manufacturing facility located in Bengaluru in India into an export hub. The company stated that this investment will allow Volvo Construction Equipment to produce medium-sized excavators at the plant. The company further stated that these machines will primarily be used in the Indian market.
  • June, 2022: Cummins Inc. and Komatsu Corp. announced a new collaboration to develop zero-emissions mining haul trucks. Cummins and Komatsu will initially focus on zero emissions power technologies including hydrogen fuel cell solutions for large mining haul truck applications.
  • April, 2022 : Manitowoc launched the Potain MCT 805 which is manufactured at Manitowoc's Zhangjiagang, China factory. The new model offers strong performance and complies with international standards and requirements. The new model, which is similar to the MDT 809, is available in 32 t and 40 t capacity configurations, with an 80 m jib and a height under hook of 84 m.
  • May, 2022 : Sany Bharat launched 22 new products during Excon 2022 in India. All the new machines have been exclusively designed for the application in India while keeping Indian customer requirements in mind. This reflects the company's deep understanding of the Indian market and customer sentiments which will offer a unique edge to these products by making it better profitable for users.

APAC Non Passenger Vehicle Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Vehicle Type
    • 5.1.1 Construction Equipment
    • 5.1.2 Mining Equipment
    • 5.1.3 Agricultural Machinery
    • 5.1.4 Medium & Heavy Duty Trucks
    • 5.1.5 Others(Firetrucks, Ambulances, Recreational Boats)
  • 5.2 Geography
    • 5.2.1 Asia Pacific
    • 5.2.1.1 China
    • 5.2.1.2 Japan
    • 5.2.1.3 India
    • 5.2.1.4 South Korea
    • 5.2.1.5 Australia
    • 5.2.1.6 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share**
  • 6.2 Company Profiles*
    • 6.2.1 JCB Limited
    • 6.2.2 Caterpillar Inc.
    • 6.2.3 Kubota Corporation
    • 6.2.4 Isuzu Motors Limited
    • 6.2.5 Mahindra & Mahindra
    • 6.2.6 Escorts Group
    • 6.2.7 Hyundai Construction Equipment
    • 6.2.8 Volvo Construction Equipment
    • 6.2.9 Deere & Co.
    • 6.2.10 AGCO Corporation
    • 6.2.11 CNH Industrial N.V.
    • 6.2.12 Hitachi Construction Machinery Co., Ltd.
    • 6.2.13 Kobelco Construction Machinery Co. Ltd.
    • 6.2.14 Liebherr Group
    • 6.2.15 Hino Motors
    • 6.2.16 Iveco

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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APAC Non Passenger Vehicle Industry Segmentation

The use of non-passenger vehicles is found in industries related to construction, mining, agriculture, and logistics. Other types of non-passenger vehicles that are generally used are ambulances and fire trucks.

The market is segmented by Vehicle type (Construction Equipment, Mining Equipment, Agricultural Machinery, Trucks, and Others) and by Country (China, Japan, India, South Korea, Australia, and the Rest of Asia-Pacific). The report offers market size, volume, and forecast for all the above segments.

Vehicle Type Construction Equipment
Mining Equipment
Agricultural Machinery
Medium & Heavy Duty Trucks
Others(Firetrucks, Ambulances, Recreational Boats)
Geography Asia Pacific China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
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APAC Non Passenger Vehicle Market Research FAQs

What is the current Asia Pacific Non Passenger Vehicle Market size?

The Asia Pacific Non Passenger Vehicle Market is projected to register a CAGR of 6.1% during the forecast period (2025-2030)

Who are the key players in Asia Pacific Non Passenger Vehicle Market?

JCB Limited, Caterpillar Inc., Kubota Corporation, Mahindra & Mahindra and Isuzu Motors Ltd. are the major companies operating in the Asia Pacific Non Passenger Vehicle Market.

What years does this Asia Pacific Non Passenger Vehicle Market cover?

The report covers the Asia Pacific Non Passenger Vehicle Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia Pacific Non Passenger Vehicle Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia Pacific Non Passenger Vehicle Industry Report

Statistics for the 2025 Asia Pacific Non Passenger Vehicle market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Asia Pacific Non Passenger Vehicle analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia Pacific Non Passenger Vehicle Report Snapshots

Compare market size and growth of Asia Pacific Non Passenger Vehicle Market with other markets in Automotive Industry

Asia Pacific Non-Passenger Vehicle Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)