Commercial Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Commercial Vehicles Market is segmented by Vehicle Type ( Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Bus, and Coaches), Drive Type ( Internal Combustion Engine, Hybrid, and Electric Vehicles), and Geography (North America, Europe, Asia-Pacific, and Rest of the world). The report offers the market size and forecast (USD) for all the above segments.

Commercial Vehicles Market Size

Commercial Vehicles Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2018 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 247.48 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 410.67 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing Market Asia Pacific
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 10.66 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Market Asia Pacific

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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Commercial Vehicles Market Analysis

The Commercial Vehicles Market size is estimated at USD 247.48 billion in 2024, and is expected to reach USD 410.67 billion by 2029, growing at a CAGR of 10.66% during the forecast period (2024-2029).

  • The impact of COVID-19 on the commercial vehicle market was unavoidable as it affected almost every other industry. Several vehicle manufacturing industries were shut down due to the pandemic, which resulted in a decline in the production of commercial vehicles. However, commercial vehicles witnessed a swift recovery from the impact, and the vehicles are expected to witness significant growth during the forecast period, primarily attributed to government support and growth in the adoption of commercial vehicles during the forecast period.
  • Over the medium term, 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 new and advanced commercial vehicles in the market.
  • The demand for light commercial vehicles is likely to increase as the logistics and e-commerce industries are growing rapidly. Additionally, 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.
  • "Increased demand for fuel-efficient, high-performance, and low-emission vehicles, coupled with increasingly strict laws and regulations on vehicle emissions, as well as declining battery costs and rising fuel prices, all contribute to the increased demand for commercial vehicle growth. 
  • The market is growing because of developments in battery technology and the usage of extensively in providing the most up-to-date features to their products, cutting-edge technologies like advanced driver-assistance systems (ADAS), artificial intelligence (AI), Internet-of-Things (IoT), and others. Major companies invest in enhancing original equipment manufacturer (OEM) rivalry and assisting the market's growth. Many countries are attempting to adopt electric mobility, but charging infrastructure remains a significant concern as new vehicles enter the market.

Commercial Vehicles Market Trends

Increasing adoption of electric Commercial Vehicles for mass transit

  • Fuel constitutes a major part of the operating cost of any vehicle. With the increasing costs of fuel, using an electric bus for public transport reduces not only the fuel cost but also other upfront costs and the total cost of ownership. By 2030, the prices for electric buses are expected to come down to that of diesel fuel buses. Electric buses help reduce 81-83% of the maintenance and operating costs compared to a diesel-engine bus.
  • The rise in general awareness about air pollution, climate change, and, most importantly, the increasing diesel prices over the years are some of the reasons that incentivize most state and city transport authorities to increasingly accommodate clean public transport solutions in their regional development plans. Electric buses offer more comfort to travelers compared to gasoline or diesel buses. The NVH levels in electric buses are minimal, unlike traditional diesel buses, providing enhanced comfort to passengers.
  • The e-bus market has the potential to fill the voids that exist in the public transport system. By reducing expenses related to operation and maintenance and also cutting down hidden costs linked to public health and the environment, mass electrification of public buses would not only let the concerned stakeholders reap huge benefits but also help strike a balance of providing returns between the service providers and the service users over the long run.
  • With strong government thrust for EV transition, the public transport authorities and the e-bus suppliers are encouraged to drive the market growth on the back of proper regulatory framework and the market mechanism.
  • Moreover, the upfront costs of electric buses are more than the diesel counterparts across all length-based categories. However, a comparison of the Total Cost of Ownership (TCO) between diesel and electric buses reveals that electric buses make more economic sense. Several private and public bus operators have started the adoption of electric buses for mass transit across the world, which is driving the demand for electric buses.
  • Although the United States has fewer electric buses in the country, in the past few years, there has been an increase in cities and universities acquiring fleets of electric buses. With California being the most dynamic state on adoption, it adopted a new rule that can be followed by many other states-the Innovative Clean Transit Rule (ICTR). From 2023, 25% of new buses purchased must be zero emission. In 2029, 100% of orders from California transport agencies. California's goal is to convert its 12,000 city buses to 100% electric by 2040.
  • The demand for electric vehicles increased due to the increasing freight, logistics, and construction activities across the country. Other factors, such as stringent emissions regulations, electrification, alternative fuels, driver shortage, autonomous vehicles, and last-mile delivery, are expected to fuel the growth of electric trucks over the forecast period.
  • Several commercial vehicle manufacturers are introducing new electric commercial vehicles in India, which in turn is likely to witness major growth for the market during the forecast period. For instance, in October 2022, PMI Electro Mobility, a leading manufacturer of electric buses in India, announced the launch of a range of small electric commercial vehicles to cater to the growing demand from e-commerce industries for last-mile delivery vehicles.
  • Considering these strong developments and ongoing initiatives by automakers and the government, demand for electric commercial vehicles in India is expected to portray a strong growth rate during the forecast period.
Commercial Vehicles Market: Municipal e-bus fleet worldwide, In Thousand Units, 2018 to 2022

Asia-Pacific is dominating the Market

  • Asia-Pacific is witnessing rapid urbanization, which in turn is expected to be a factor in the increase in the demand for light, medium, and heavy commercial vehicles in the region. The rapid expansion of e-commerce and logistics industries across the country is likely to increase the demand for commercial vehicles during the forecast period.
  • Several E-commerce companies and commercial vehicle manufacturers across the country are partnering to transport goods, which in turn is anticipated to boost the market during the forecast period.
  • For instance, in May 2022, Tata Motors Limited launched the all-new Ace EV, the electric version of the ever-popular ACE. The company partnered with an e-commerce company and logistics service providers such as Amazon, BigBasket, City Link, DOT, Flipkart, LetsTransport, MoEVing, and Yelo EV. Through this partnership, the company will deliver 39,000 units of new ACE electric vehicles (EVs) to e-commerce and logistics service providers in India.
  • In February 2021, e-commerce giant Amazon announced a partnership with Mahindra Electric to deploy electric vehicles into its delivery network. Amazon aims to reach 10,000 EVs in fleet size by 2025. Flipkart, in the same period, partnered with Hero Electric and Piaggio to achieve a 100% electric delivery fleet by 2030. These partnerships aim to improve the charging infrastructure and include more electric vehicles in the commercial vehicles sector in India.
  • Governments of several countries are investing in new construction and development activities. China's One Belt, One Road initiative may aid in infrastructural development, such as railways, buildings, and energy projects, stretching from China's western regions. This creates a huge opportunity for construction material and equipment movement across the country. Japan's Linear Motor Car Project is a maglev bullet train proposed to cover 285.6 kilometers in 67 minutes and is being built at a rapid pace with an expected opening in 2027.
  • According to the data of the Federation of Automobile Dealers Associations (FADA), in March 2021, the sales of commercial vehicles were down by 42.2%, to 67,372 units, against 116,559 units in March 2020.
  • Moreover, major players in the country are introducing new truck ranges in the domestic market. For instance, in March 2021, Tata Motors unveiled its light commercial trucks (I&LCV) Ultra Sleek T-Series. All trucks are powered by the future-ready BS-VI 4SPCR engine, with a 100hp power and a torque rating of 300nm.
  • The growing government regulations improving electric vehicle adoption and robust expansion adopted by OEMs and suppliers in the region to accommodate rising demand from the automotive industry in China are expected to create a positive outlook for market growth during the forecast period. For instance,
  • The government of China is encouraging people to adopt electric vehicles. The country has already made plans to phase out diesel fuel, which runs the current generation of tractors and construction equipment. The country is planning to completely ban diesel and petrol vehicles by 2040.
  • The above-mentioned development across the region is likely to enhance the demand for commercial vehicles during the forecast period.
Global Commercial Vehicles Market - Growth Rate by Region, 2023 - 2028

Commercial Vehicles Industry Overview

The Global Commercial Vehicles Market is dominated by several key players such as Tata Motors Ltd., Paccar Inc., Toyota Motor Corporation, AB Volvo, Scania AB, and Others. The growing expansion of manufacturing facilities across the globe is likely to witness major growth for the market during the forecast period.

For instance, in December 2022, Tata Motors announced that Bengaluru Metropolitan Transport Corporation (BMTC) had signed a definitive agreement with its fully owned subsidiary, TML Smart City Mobility Solutions Ltd., for the operation of 921 electric buses in the city of Bengaluru.

In August 2022, Mahindra & Mahindra Ltd. (M&M) and the Volkswagen Group made a significant announcement to strengthen their collaboration. The two companies signed a term sheet to expand their cooperation, specifically focusing on the supply of MEB electric components for Mahindra's innovative electric platform called INGLO.

In March 2022, a momentous collaboration was formed as the TRATON GROUP, Daimler Truck, and Volvo Group, three prominent commercial vehicle manufacturers, joined forces. They entered into a binding agreement to establish a groundbreaking joint venture (JV) with the aim of developing and operating an advanced public charging network tailored specifically for battery electric, heavy-duty long-haul trucks, and coaches throughout Europe.

As previously communicated, the parties are committed to initiating and accelerating the necessary build-up of charging infrastructure for the increasing number of customers of electric vehicles in Europe and contributing to climate-neutral transportation in Europe by 2050.

In December 2021, Rivian expanded its manufacturing operations, locating its second United States plant in the state of Georgia. A carbon-conscious campus is planned east of Atlanta, in Morgan and Walton Counties. The project represents a USD 5 billion site development and manufacturing investment.

In September 2021, Tata Motors announced its plans to invest over USD 1 billion, or an amount exceeding Rs 7,500 crore over the next 4-5 years, to recreate its roadmap for the commercial vehicle business, a major part of which comprises electric vehicles. Especially buses.

Commercial Vehicles Market Leaders

  1. Toyota Motor Corporation

  2. AB Volvo

  3. Tata Motors Ltd.

  4. Paccar Inc.

  5. Scania AB

*Disclaimer: Major Players sorted in no particular order

Commercial Vehicles Market Concentration
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Commercial Vehicles Market News

  • August 2022: Ashok Leyland announced to launch an electric light commercial vehicle in India by the Mid of 2023.
  • May 2022: Tata Motors signed a strategic Memorandum of Understanding (MoU) with leading e-commerce companies and logistics service providers Amazon, BigBasket, City Link, DOT, Flipkart, LetsTransport, MoEVing, and Yelo EV. Through this MoU, the company will deliver 39,000 ACE electric vehicles to all the logistics service providers.
  • May 2022: Tata Motors launched the Ace EV, the electric version of the popular Ace truck. The company has entered the upcoming segment of small electric trucks for freight delivery in the country. The new vehicle has powered by a 27kW (36hp) motor with 130Nm of peak torque and has a range of up to 158 KM on a single charge.
  • February 2022: BYD unveiled a new all-electric Type A school bus in the United States. The battery-powered bus is available in three different lengths 26.7 feet (8.1 meters), 24.5 feet (7.45 meters), and 22.9 feet (7 meters), making it suitable for routes with fewer students. In addition, the BYD Type A is fitted with Predictive Stop Arm, which monitors approaching traffic and notifies students as they exit the bus when it is safe to cross.

Commercial Vehicle Market Report - Table of Contents

  1. 0. INTRODUCTION

    1. 0_0. Study Assumptions

    2. 0_1. Scope of the Study

  2. 1. RESEARCH METHODOLOGY

  3. 2. EXECUTIVE SUMMARY

  4. 3. MARKET DYNAMICS

    1. 3_0. Market Drivers

      1. 3_0_0. Growing E-commerce Industry Will Supplement the Growth Trajectory

    2. 3_1. Market Restraints

      1. 3_1_0. Stringent Emission Norms

    3. 3_2. Porter's Five Forces Analysis

      1. 3_2_0. Threat of New Entrants

      2. 3_2_1. Bargaining Power of Buyers/Consumers

      3. 3_2_2. Bargaining Power of Suppliers

      4. 3_2_3. Threat of Substitute Products

      5. 3_2_4. Intensity of Competitive Rivalry

  5. 4. MARKET SEGMENTATION (Market Size in Value - USD Billion)

    1. 4_0. Vehicle Type

      1. 4_0_0. Light Commercial Vehicle

      2. 4_0_1. Medium and Heavy Commercial Vehicles

      3. 4_0_2. Bus and Coach

    2. 4_1. Drive Type

      1. 4_1_0. Internal Combustion Engine

      2. 4_1_1. Hybrid and Electric Vehicles

    3. 4_2. Geography

      1. 4_2_0. North America

        1. 4_2_0_0. United States

        2. 4_2_0_1. Canada

        3. 4_2_0_2. Rest of North America

      2. 4_2_1. Europe

        1. 4_2_1_0. Germany

        2. 4_2_1_1. United Kingdom

        3. 4_2_1_2. France

        4. 4_2_1_3. Italy

        5. 4_2_1_4. Rest of Europe

      3. 4_2_2. Asia-Pacific

        1. 4_2_2_0. China

        2. 4_2_2_1. India

        3. 4_2_2_2. Japan

        4. 4_2_2_3. South Korea

        5. 4_2_2_4. Rest of Asia-Pacific

      4. 4_2_3. Rest of the World

        1. 4_2_3_0. South America

        2. 4_2_3_1. Middle-East and Africa

  6. 5. COMPETITIVE LANDSCAPE

    1. 5_0. Vendor Market Share

    2. 5_1. Company Profiles*

      1. 5_1_0. BAIC Group

      2. 5_1_1. BYD Motors Inc.

      3. 5_1_2. Mercedes-Benz Group AG

      4. 5_1_3. Dongfeng Motor Corporation

      5. 5_1_4. Ford Motor Company

      6. 5_1_5. General Motors Company

      7. 5_1_6. Groupe Renault

      8. 5_1_7. Mahindra & Mahindra Ltd

      9. 5_1_8. Nissan Motor Company Ltd

      10. 5_1_9. Rivian Automotive LLC

      11. 5_1_10. SAIC Motors

      12. 5_1_11. Scania AB

      13. 5_1_12. Tata Motors Ltd

      14. 5_1_13. Tesla Inc.

      15. 5_1_14. Toyota Motor Corporation

      16. 5_1_15. Volkswagen AG

      17. 5_1_16. AB Volvo

      18. 5_1_17. Paccar Inc.

  7. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 6_0. Integration of ADAS

List of Tables & Figures

  1. Figure 1:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 8:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 9:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 10:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 11:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 13:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 14:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 15:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 16:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 17:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 18:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 19:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 20:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 24:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 25:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 26:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 27:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 28:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 29:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 30:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 31:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 32:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 37:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 38:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 39:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 40:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 41:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 42:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 43:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 44:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2016 – 2026
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
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  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
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  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 51:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY BUSES, BY VOLUME IN UNITS, 2016-2028
  1. Figure 52:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY BUSES, BY VALUE IN USD, 2016-2028
  1. Figure 53:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 54:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 55:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 56:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 57:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 58:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 59:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 60:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2016-2028
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2016-2028
  1. Figure 62:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 63:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 64:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
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  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 66:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 68:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 69:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
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  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 71:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 72:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
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  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 74:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REGION, BY VOLUME IN UNITS, 2016-2028
  1. Figure 75:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REGION, BY VALUE IN USD, 2016-2028
  1. Figure 76:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
  1. Figure 77:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
  1. Figure 78:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 79:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 80:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 81:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 82:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 83:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2016-2028
  1. Figure 84:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 85:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 86:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 87:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 88:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 89:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 90:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY AUSTRALIA, BY VALUE IN USD, 2016-2028
  1. Figure 91:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 92:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CHINA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 93:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CHINA, BY VALUE IN USD, 2016-2028
  1. Figure 94:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 95:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY INDIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 96:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY INDIA, BY VALUE IN USD, 2016-2028
  1. Figure 97:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 98:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 99:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY INDONESIA, BY VALUE IN USD, 2016-2028
  1. Figure 100:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 101:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY JAPAN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 102:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY JAPAN, BY VALUE IN USD, 2016-2028
  1. Figure 103:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 104:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 105:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY MALAYSIA, BY VALUE IN USD, 2016-2028
  1. Figure 106:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 107:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 108:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2016-2028
  1. Figure 109:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 110:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY THAILAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 111:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY THAILAND, BY VALUE IN USD, 2016-2028
  1. Figure 112:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 113:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 114:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2016-2028
  1. Figure 115:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 116:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 117:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 118:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 119:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 120:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 121:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028
  1. Figure 122:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 123:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028
  1. Figure 124:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028
  1. Figure 125:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 126:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 127:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028
  1. Figure 128:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 129:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 130:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028
  1. Figure 131:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 132:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 133:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028
  1. Figure 134:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 135:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 136:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028
  1. Figure 137:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 138:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 139:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028
  1. Figure 140:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 141:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 142:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028
  1. Figure 143:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 144:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 145:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2016-2028
  1. Figure 146:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 147:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 148:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028
  1. Figure 149:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 150:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 151:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028
  1. Figure 152:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 153:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 154:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028
  1. Figure 155:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 156:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 157:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2016-2028
  1. Figure 158:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 159:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 160:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028
  1. Figure 161:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 162:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 163:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028
  1. Figure 164:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 165:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 166:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028
  1. Figure 167:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 168:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 169:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2016-2028
  1. Figure 170:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 171:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 172:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028
  1. Figure 173:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 174:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 175:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 176:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 177:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 178:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY UAE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 179:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY UAE, BY VALUE IN USD, 2016-2028
  1. Figure 180:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 181:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-MEA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 182:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-MEA, BY VALUE IN USD, 2016-2028
  1. Figure 183:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 184:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 185:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 186:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 187:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 188:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 189:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 190:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 191:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 192:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 193:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CANADA, BY VALUE IN USD, 2016-2028
  1. Figure 194:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 195:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028
  1. Figure 196:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028
  1. Figure 197:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 198:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY US, BY VOLUME IN UNITS, 2016-2028
  1. Figure 199:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY US, BY VALUE IN USD, 2016-2028
  1. Figure 200:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 201:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 202:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028
  1. Figure 203:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 204:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 205:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 206:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 207:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 208:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-LATIN AMERICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 209:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-LATIN AMERICA, BY VALUE IN USD, 2016-2028
  1. Figure 210:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028
  1. Figure 211:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 212:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 213:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Commercial Vehicles Industry Segmentation

A commercial vehicle refers to any motorized vehicle that is used for the transportation of goods or materials instead of passengers. A commercial vehicle is used for commercial or business purposes.

The commercial vehicle market is segmented into vehicle type, drive type, and geography. Based on the vehicle type, the market is segmented into light commercial vehicles, medium and heavy commercial vehicles, buses, and coaches. Based on the drive type, the market is segmented into internal combustion engine, hybrid, and electric vehicles. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

For each segment, the market sizing and forecast have been done based on the value (USD).

Vehicle Type
Light Commercial Vehicle
Medium and Heavy Commercial Vehicles
Bus and Coach
Drive Type
Internal Combustion Engine
Hybrid and Electric Vehicles
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa
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Market Definition

  • Body Type - It includes buses, light commercial vehicles, medium& heavy-duty vehicles, medium and heavy-duty buses, trucks, M&HDT.
  • Engine Type - This includes Hybrid and electric vehicles and Internal combustion engines (ICE).
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV while ICE includes Gasoline, Diesel, CNG, LPG.
  • Sub Body Type - Under this category, buses, heavy-duty commercial trucks, light commercial pickup trucks, light commercial vans, and medium-duty commercial trucks have been included.
  • Vehicle Type - Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Commercial Vehicle Market Research FAQs

The Global Commercial Vehicles Market size is expected to reach USD 247.48 billion in 2024 and grow at a CAGR of 10.66% to reach USD 410.67 billion by 2029.

In 2024, the Global Commercial Vehicles Market size is expected to reach USD 247.48 billion.

Toyota Motor Corporation, AB Volvo, Tata Motors Ltd., Paccar Inc. and Scania AB are the major companies operating in the Global Commercial Vehicles Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Global Commercial Vehicles Market.

In the Global Commercial Vehicles Market, [object Object] accounts for the Major Players.

In 2023, the Global Commercial Vehicles Market size was estimated at USD 221.36 billion. The report covers the Global Commercial Vehicles Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Commercial Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Global Commercial Vehicles Industry Report

Statistics for the 2024 Commercial Vehicles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Commercial Vehicles analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.

Commercial Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)