Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Commercial Vehicles Market is segmented by Vehicle Type (Commercial Vehicles), by Propulsion Type (Hybrid and Electric Vehicles, ICE) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

Commercial Vehicles Market Size

Commercial Vehicles Market Summary
Study Period 2017 - 2029
Base Year For Estimation 2024
Forecast Data Period 2025 - 2029
Market Size (2025) USD 0.91 Trillion
Market Size (2029) USD 1.22 Trillion
CAGR (2025 - 2029) 7.61 %
Market Concentration Low

Major Players

Commercial Vehicles Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Commercial Vehicles Market with other markets in Automotive Industry

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Automotive Equipment

Commercial Vehicles Market Analysis

The Commercial Vehicles Market size is estimated at 0.91 trillion USD in 2025, and is expected to reach 1.22 trillion USD by 2029, growing at a CAGR of 7.61% during the forecast period (2025-2029).

The commercial vehicle industry is undergoing a significant transformation driven by technological advancements and changing market demands. Major manufacturers are increasingly focusing on developing advanced vehicle technologies, particularly in areas of connectivity, automation, and alternative powertrains. This shift is evidenced by strategic moves such as Ford's recent pilot program launched in June 2023 through FORD NEXT, which creates flexible electric solutions for ride-sharing platforms in select US markets. The industry is witnessing a surge in strategic partnerships between traditional automotive manufacturers and technology companies, fostering innovation in vehicle design, manufacturing processes, and operational efficiency.


Manufacturing capabilities and production strategies are evolving to meet changing market demands and regulatory requirements. The commercial vehicle market has demonstrated remarkable resilience and adaptability, with production facilities being modernized to accommodate new technologies and manufacturing processes. A notable example is Ford's ongoing construction of its new mega campus in West Tennessee, announced in March 2023, which aims to produce next-generation electric trucks by 2025. This trend is further reinforced by manufacturers' commitment to sustainable production practices and the integration of advanced manufacturing technologies.


Strategic partnerships and collaborations are reshaping the commercial vehicle development landscape, particularly in the development of electric and autonomous vehicles. In May 2023, Toyota and Suzuki announced a significant collaboration to co-develop new mini electric vans and BEV platforms, demonstrating the industry's commitment to electric mobility solutions. These partnerships extend beyond traditional automotive manufacturers to include technology companies, charging infrastructure providers, and battery manufacturers, creating a more integrated and efficient ecosystem for commercial vehicle development and deployment.


The industry is increasingly prioritizing sustainability and environmental responsibility, with manufacturers investing heavily in clean technologies and sustainable practices. This shift is exemplified by BYD and Castrosua's partnership in May 2023 to introduce custom-made, fully electromechanical buses. Companies are not only focusing on vehicle electrification but also implementing sustainable manufacturing processes and developing circular economy initiatives. The industry's commitment to sustainability is further demonstrated through investments in renewable energy sources for manufacturing facilities and the development of recyclable materials for vehicle components.


The future of the commercial vehicle industry is set to be shaped by these advancements and strategic initiatives, with a strong emphasis on sustainability and technological innovation. The commercial vehicle market forecast indicates continued growth and transformation, driven by these dynamic changes and the industry's proactive approach to evolving market needs.

Segment Analysis: Vehicle Type

Light Commercial Pick-up Trucks Segment in Commercial Vehicles Market

Light Commercial Pick-up Trucks dominate the global vehicle type market, commanding approximately 71% market share in 2024. This substantial market position is driven by their versatility and widespread adoption across various industries, particularly in last-mile delivery, construction, and small business operations. The segment's prominence is further reinforced by the growing e-commerce sector and increasing demand for flexible transportation solutions in urban and suburban areas. These vehicles offer an optimal balance of payload capacity, maneuverability, and cost-effectiveness, making them particularly attractive for small and medium enterprises. The segment's strong performance is also supported by technological advancements in fuel efficiency and the introduction of electric variants, addressing both operational costs and environmental concerns.

Market Analysis of Commercial Vehicles Market: Chart for Vehicle Type

Heavy-duty Commercial Trucks Segment in Commercial Vehicles Market

The Heavy-duty Commercial Trucks segment is emerging as the fastest-growing category in the commercial truck market, driven by expanding logistics operations and infrastructure development projects worldwide. This growth is supported by increasing investments in electric and autonomous heavy-duty vehicles, with major manufacturers focusing on developing more efficient and environmentally friendly solutions. The segment is benefiting from the rising demand for long-haul transportation and the growth of e-commerce, which requires robust logistics networks. Technological advancements in telematics, fleet management systems, and alternative fuel technologies are further accelerating the segment's growth. Additionally, government initiatives promoting cleaner transportation solutions and infrastructure development projects are creating favorable conditions for the expansion of heavy-duty commercial vehicles.

Remaining Segments in Vehicle Type

The Light Commercial Vans and Medium-duty Commercial Trucks segments play crucial roles in completing the light and medium commercial vehicle market ecosystem. Light Commercial Vans are particularly vital in urban delivery operations and service-based businesses, offering enclosed cargo space and superior maneuverability in city environments. These vehicles are increasingly adopting electric powertrains, making them ideal for zero-emission zones in urban areas. Medium-duty Commercial Trucks serve as a bridge between light and heavy-duty segments, catering to regional distribution, construction, and specialized applications. Both segments are experiencing technological transformations with the integration of advanced safety features, telematics, and alternative powertrains, contributing to the overall evolution of the commercial vehicle segment.

Segment Analysis: Propulsion Type

ICE Segment in Commercial Vehicles Market

The Internal Combustion Engine (ICE) segment continues to dominate the global commercial vehicle segment, commanding approximately 83% market share in 2024. This substantial market presence is primarily driven by the widespread availability of diesel and gasoline-powered vehicles, established infrastructure, and proven reliability in long-haul transportation. The segment's strength is particularly evident in developing regions where the transition to alternative powertrains is still in its early stages. Diesel engines, being the primary choice for heavy-duty applications, contribute significantly to this dominance, while gasoline-powered vehicles maintain their popularity in light commercial vehicle applications. The segment's robust performance is supported by continuous technological improvements in fuel efficiency and emissions reduction, helping ICE vehicles meet increasingly stringent environmental regulations while maintaining their cost-effectiveness for commercial operators.

FCEV Segment in Commercial Vehicles Market

The Fuel Cell Electric Vehicle (FCEV) segment is emerging as the fastest-growing segment in the commercial vehicles market, with a projected growth rate of approximately 33% during 2024-2029. This remarkable growth is driven by increasing investments in hydrogen infrastructure, particularly in developed markets, and the segment's unique advantages in long-haul transportation. FCEVs are gaining traction due to their quick refueling capabilities, longer range compared to battery electric vehicles, and minimal environmental impact. Major automotive manufacturers are increasingly focusing on FCEV development, particularly for heavy-duty applications where battery weight and charging time constraints make hydrogen fuel cells a more practical zero-emission solution. The segment's growth is further supported by government initiatives promoting hydrogen technology and increasing corporate commitments to reduce carbon emissions in commercial transportation.

Remaining Segments in Propulsion Type

The other segments in the propulsion type category include Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV). These segments are playing increasingly important roles in the commercial vehicles market, particularly in urban delivery and medium-duty applications. BEVs are gaining popularity in last-mile delivery and urban distribution networks, while HEVs and PHEVs serve as transitional technologies, offering reduced emissions while maintaining operational flexibility. Each of these segments addresses specific market needs, with BEVs excelling in urban environments, HEVs providing improved fuel efficiency without range anxiety, and PHEVs offering the best of both worlds with their dual powertrain capability.

Commercial Vehicles Market Geography Segment Analysis

Commercial Vehicles Market in Africa

The African commercial vehicle market demonstrates significant potential for growth, particularly in key markets like South Africa. The continent is witnessing increased foreign automaker presence, with manufacturing plants being established not only in traditional automotive hubs but also in emerging markets like Angola, Ethiopia, Ghana, and Rwanda. Algeria, Egypt, Morocco, and South Africa have emerged as prominent players in vehicle manufacturing and assembly. The market's expansion is supported by infrastructure development, with Western and Northern Africa projected to be the primary drivers of automotive development. South Africa stands out as both the largest and fastest-growing market in the region, benefiting from its well-established automotive infrastructure and strategic location.

Market Analysis of Commercial Vehicles Market: Forecasted Growth Rate by Region

Commercial Vehicles Market in Asia-Pacific

The Asia-Pacific commercial vehicle market exhibits dynamic growth patterns across its diverse economies. The region's market is characterized by strong manufacturing capabilities, particularly in countries like China, Japan, and South Korea, while emerging economies like India, Indonesia, and Thailand contribute significantly to market expansion. The relocation of industrial output, primarily to China, has opened up trade channels, indirectly benefiting the commercial vehicle market and the logistics sector. Countries across the region are actively embracing technological advancements, particularly in electric and hybrid vehicles, while also focusing on developing supporting infrastructure.

Commercial Vehicles Market in China

China maintains its position as the dominant force in the Asia-Pacific commercial vehicle market, with approximately 29% market share expected in 2024. The country's market leadership is reinforced by its extensive manufacturing base, robust domestic demand, and strategic investments in vehicle technology and infrastructure. The Chinese market benefits from strong government support for commercial vehicle modernization, particularly in the electric vehicle segment. The country's expanding e-commerce sector and growing logistics industry continue to drive demand for commercial vehicles, while urbanization and infrastructure development projects further stimulate market growth.

Commercial Vehicles Market in India

India emerges as the fastest-growing market in the Asia-Pacific region, with a projected growth rate of approximately 8% from 2024 to 2029. The country's commercial vehicle market share in India is experiencing rapid transformation, driven by infrastructure development, urbanization, and the expansion of e-commerce activities. India's government initiatives supporting the development of a shared, connected, and electric mobility ecosystem are creating new opportunities in the Indian commercial vehicle market analysis. The country's focus on developing indigenous manufacturing capabilities and promoting clean energy solutions in the automotive sector is expected to further accelerate market growth.

Commercial Vehicles Market in Europe

The European commercial vehicle market plays a crucial role in supporting the region's economic growth and competitiveness. Transport efficiency serves as the foundation of Europe's economy, with the commercial vehicle sector actively supporting climate targets aligned with the Paris Agreement. The market faces unique challenges in the availability of charging and refueling infrastructure for commercial vehicles, despite the growing adoption of alternative fuels and powertrains. With 6.3 million vehicles in operation, the EU's commercial fleet transports approximately 15 billion tons of freight annually, accounting for over three-quarters of all land-based freight. The Czech Republic stands out as both the largest and fastest-growing market in the region, benefiting from its strategic location and strong manufacturing base.

Commercial Vehicles Market in Middle East

The Middle East commercial vehicle market demonstrates strong growth potential, driven by economic diversification initiatives and infrastructure development projects. Saudi Arabia emerges as the largest market in the region, while the UAE shows the fastest growth trajectory. The region's commitment to sustainable transportation solutions is evident in the increasing adoption of electric and hybrid vehicles, particularly in urban areas. The market benefits from strategic initiatives like Saudi Arabia's Vision 2030 and similar programs across the region, which emphasize non-oil sectors including transportation and logistics.

Commercial Vehicles Market in North America

The North American commercial vehicle market is characterized by continuous evolution, driven by increased global trade, advancements in drive technology, and heightened focus on safety. These changes are underscored by rising commodity trade volumes, the globalization of value chains, and growing emphasis on passenger and vehicle safety. The market demonstrates strong adoption of electric and hybrid vehicles, supported by various policies and incentives to bolster infrastructure development. Canada emerges as both the largest and fastest-growing market in the region, benefiting from its robust infrastructure and strategic trade relationships. The US commercial vehicle market also plays a significant role in shaping the regional dynamics with its technological advancements and regulatory frameworks.

Commercial Vehicles Market in South America

The South American commercial vehicle market exhibits varied dynamics influenced by economic fluctuations, changing regulatory landscapes, and shifts in industry demands. Brazil emerges as the largest market in the region, while Colombia shows the fastest growth potential. The market benefits from ongoing economic recovery, regulatory support for clean technologies, and increasing urbanization that necessitates robust logistics and transportation solutions. The region's focus on sustainable logistics, exemplified by initiatives like green ports and eco-friendly transportation, continues to drive innovation and market growth.

Commercial Vehicles Industry Overview

Top Companies in Commercial Vehicles Market

The competitive landscape of commercial vehicles is characterized by intense competition among major players who are actively pursuing innovation and strategic expansion. Companies are increasingly focusing on developing electric and autonomous vehicle technologies, with significant investments in research and development to meet evolving customer demands and stringent environmental regulations. Operational agility has become paramount, with manufacturers streamlining their production processes and supply chains to respond quickly to market changes. Strategic partnerships and collaborations, particularly in areas like battery technology and charging infrastructure, have emerged as key growth drivers. Companies are also expanding their geographical presence through new manufacturing facilities and distribution networks, while simultaneously strengthening their after-sales service capabilities to enhance customer satisfaction and brand loyalty.

Consolidated Market Led By Global Players

The commercial vehicle market exhibits a highly consolidated structure dominated by established global automotive conglomerates with diverse product portfolios. These major players leverage their extensive manufacturing capabilities, established brand reputation, and robust distribution networks to maintain their market positions. The industry has witnessed significant merger and acquisition activities, particularly focused on acquiring electric vehicle technology capabilities and expanding geographical presence. Regional players, while having strong local market knowledge, often collaborate with global leaders to access advanced technologies and expand their market reach.


The market is characterized by high entry barriers due to substantial capital requirements, stringent regulatory compliance needs, and the importance of established supplier relationships. Companies with integrated operations spanning vehicle manufacturing, component production, and financial services hold competitive advantages. The presence of strong local players in emerging markets, particularly in Asia, has led to increased competition and market dynamism, prompting global players to adapt their strategies to local market conditions and preferences.

Innovation and Sustainability Drive Future Success

Success in the commercial vehicle industry increasingly depends on companies' ability to innovate while maintaining cost competitiveness. Incumbent players must focus on developing sustainable mobility solutions, including electric and alternative fuel vehicles, while maintaining their traditional product strengths. Investment in digital technologies, including connected vehicle solutions and autonomous driving capabilities, has become crucial for maintaining market relevance. Companies need to strengthen their supply chain resilience and develop flexible manufacturing capabilities to adapt to changing market demands and regulatory requirements.


For contenders aiming to gain market share in commercial vehicles, focusing on specific market segments or regions while building strategic partnerships for technology access is essential. The increasing emphasis on total cost of ownership rather than initial purchase price creates opportunities for new entrants with innovative solutions. Regulatory changes, particularly regarding emissions and safety standards, continue to shape market dynamics and investment priorities. Success also depends on developing strong after-sales networks and financing solutions to support customer acquisition and retention. Companies must balance the need for scale economies with the ability to offer customized solutions for specific market segments and applications.

Commercial Vehicles Market Leaders

  1. BAIC Motor Corporation Ltd.

  2. Daimler AG (Mercedes-Benz AG)

  3. Ford Motor Company

  4. Toyota Motor Corporation

  5. Volkswagen AG

  6. *Disclaimer: Major Players sorted in no particular order
Commercial Vehicles Market Concentration
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Commercial Vehicles Market News

  • August 2023: General Motors is expected to launch an all-electric Cadillac Escalade in late 2024.
  • August 2023: General Motors doubled down on plans for an electric future in the Middle East.
  • August 2023: Toyota Kirloskar Motor launched the MPV Vellfire strong hybrid electric vehicle (SHEV) for a starting price of INR 11.99 million and going to INR 12.99 million.

Free With This Report

For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.

Commercial Vehicles Market
Commercial Vehicles Market
Commercial Vehicles Market
Commercial Vehicles Market

Commercial Vehicles Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Population
    • 4.1.1 Africa
    • 4.1.2 Asia-Pacific
    • 4.1.3 Europe
    • 4.1.4 Middle East
    • 4.1.5 North America
    • 4.1.6 South America
  • 4.2 GDP Per Capita
    • 4.2.1 Africa
    • 4.2.2 Asia-Pacific
    • 4.2.3 Europe
    • 4.2.4 Middle East
    • 4.2.5 North America
    • 4.2.6 South America
  • 4.3 Consumer Spending For Vehicle Purchase (cvp)
    • 4.3.1 Africa
    • 4.3.2 Asia-Pacific
    • 4.3.3 Europe
    • 4.3.4 Middle East
    • 4.3.5 North America
    • 4.3.6 South America
  • 4.4 Inflation
    • 4.4.1 Africa
    • 4.4.2 Asia-Pacific
    • 4.4.3 Europe
    • 4.4.4 Middle East
    • 4.4.5 North America
    • 4.4.6 South America
  • 4.5 Interest Rate For Auto Loans
  • 4.6 Impact Of Electrification
  • 4.7 EV Charging Station
  • 4.8 Battery Pack Price
    • 4.8.1 Africa
    • 4.8.2 Asia-Pacific
    • 4.8.3 Europe
    • 4.8.4 Middle East
    • 4.8.5 North America
    • 4.8.6 South America
  • 4.9 New Xev Models Announced
  • 4.10 Logistics Performance Index
    • 4.10.1 Africa
    • 4.10.2 Asia-Pacific
    • 4.10.3 Europe
    • 4.10.4 Middle East
    • 4.10.5 North America
    • 4.10.6 South America
  • 4.11 Fuel Price
  • 4.12 Oem-wise Production Statistics
  • 4.13 Regulatory Framework
  • 4.14 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Vehicle Type
    • 5.1.1 Commercial Vehicles
    • 5.1.1.1 Heavy-duty Commercial Trucks
    • 5.1.1.2 Light Commercial Pick-up Trucks
    • 5.1.1.3 Light Commercial Vans
    • 5.1.1.4 Medium-duty Commercial Trucks
  • 5.2 Propulsion Type
    • 5.2.1 Hybrid and Electric Vehicles
    • 5.2.1.1 By Fuel Category
    • 5.2.1.1.1 BEV
    • 5.2.1.1.2 FCEV
    • 5.2.1.1.3 HEV
    • 5.2.1.1.4 PHEV
    • 5.2.2 ICE
    • 5.2.2.1 By Fuel Category
    • 5.2.2.1.1 CNG
    • 5.2.2.1.2 Diesel
    • 5.2.2.1.3 Gasoline
    • 5.2.2.1.4 LPG
  • 5.3 Region
    • 5.3.1 Africa
    • 5.3.2 Asia-Pacific
    • 5.3.2.1 Australia
    • 5.3.2.2 China
    • 5.3.2.3 India
    • 5.3.2.4 Indonesia
    • 5.3.2.5 Japan
    • 5.3.2.6 Malaysia
    • 5.3.2.7 South Korea
    • 5.3.2.8 Thailand
    • 5.3.2.9 Rest-of-APAC
    • 5.3.3 Europe
    • 5.3.3.1 Czech Republic
    • 5.3.4 Middle East
    • 5.3.5 North America
    • 5.3.5.1 Canada
    • 5.3.6 South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 BAIC Motor Corporation Ltd.
    • 6.4.2 BYD Auto Co. Ltd.
    • 6.4.3 Daimler AG (Mercedes-Benz AG)
    • 6.4.4 Dongfeng Motor Corporation
    • 6.4.5 Ford Motor Company
    • 6.4.6 General Motors Company
    • 6.4.7 Groupe Renault
    • 6.4.8 Mahindra & Mahindra Limited
    • 6.4.9 Nissan Motor Co. Ltd.
    • 6.4.10 Rivian Automotive Inc.
    • 6.4.11 Saic General Motors Corporation Limited
    • 6.4.12 Scania AB
    • 6.4.13 Tata Motors Limited
    • 6.4.14 Toyota Motor Corporation
    • 6.4.15 Volkswagen AG
    • 6.4.16 Volvo Group
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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List of Tables & Figures

  1. Figure 1:  
  2. POPULATION TRENDS, VOLUME IN UNITS, AFRICA, 2017 - 2030
  1. Figure 2:  
  2. POPULATION TRENDS, VOLUME IN UNITS, ASIA-PACIFIC, 2017 - 2030
  1. Figure 3:  
  2. POPULATION TRENDS, VOLUME IN UNITS, EUROPE, 2017 - 2030
  1. Figure 4:  
  2. POPULATION TRENDS, VOLUME IN UNITS, MIDDLE EAST, 2017 - 2030
  1. Figure 5:  
  2. POPULATION TRENDS, VOLUME IN UNITS, NORTH AMERICA, 2017 - 2030
  1. Figure 6:  
  2. POPULATION TRENDS, VOLUME IN UNITS, SOUTH AMERICA, 2017 - 2030
  1. Figure 7:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, AFRICA, 2017 - 2030
  1. Figure 8:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 9:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 10:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, MIDDLE EAST, 2017 - 2030
  1. Figure 11:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 12:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 13:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, AFRICA, 2017 - 2030
  1. Figure 14:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 15:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 16:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, MIDDLE EAST, 2017 - 2030
  1. Figure 17:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 18:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 19:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, AFRICA, 2017 - 2030
  1. Figure 20:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, ASIA-PACIFIC, 2017 - 2030
  1. Figure 21:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, EUROPE, 2017 - 2030
  1. Figure 22:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, MIDDLE EAST, 2017 - 2030
  1. Figure 23:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, NORTH AMERICA, 2017 - 2030
  1. Figure 24:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, SOUTH AMERICA, 2017 - 2030
  1. Figure 25:  
  2. AUTO LOAN INTEREST RATES, PERCENTAGE, GLOBAL, 2017 - 2022
  1. Figure 26:  
  2. ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, GLOBAL, 2017 - 2030
  1. Figure 27:  
  2. CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, GLOBAL, 2017 - 2022
  1. Figure 28:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, AFRICA, 2017 - 2030
  1. Figure 29:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 30:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 31:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, MIDDLE EAST, 2017 - 2030
  1. Figure 32:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 33:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 34:  
  2. ANNOUNCEMENT OF NEW XEV MODELS, BY VEHICLE TYPE, VOLUME IN UNITS, GLOBAL, 2023 - 2027
  1. Figure 35:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, AFRICA, 2017 - 2030
  1. Figure 36:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, ASIA-PACIFIC, 2017 - 2030
  1. Figure 37:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, EUROPE, 2017 - 2030
  1. Figure 38:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, MIDDLE EAST, 2017 - 2030
  1. Figure 39:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, NORTH AMERICA, 2017 - 2030
  1. Figure 40:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, SOUTH AMERICA, 2017 - 2030
  1. Figure 41:  
  2. FUEL PRICE, BY FUEL TYPE, USD/LITER, GLOBAL, 2017 - 2022
  1. Figure 42:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2017 - 2030
  1. Figure 43:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2017 - 2030
  1. Figure 44:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY VEHICLE BODY TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 45:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY VEHICLE BODY TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 46:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 47:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 48:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 49:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2017 - 2030
  1. Figure 50:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 51:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 52:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2017 - 2030
  1. Figure 53:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 54:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 55:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2017 - 2030
  1. Figure 56:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 57:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 58:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2017 - 2030
  1. Figure 59:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 60:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY PROPULSION TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 61:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY PROPULSION TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 62:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 63:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 64:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 65:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 66:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 67:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 68:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 69:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 70:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 71:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 72:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 73:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 74:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 75:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 76:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 77:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 78:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 79:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 80:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 81:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 82:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 83:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 84:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CNG, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 85:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CNG, BY VALUE IN USD, 2017 - 2030
  1. Figure 86:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 87:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 88:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VALUE IN USD, 2017 - 2030
  1. Figure 89:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 90:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 91:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VALUE IN USD, 2017 - 2030
  1. Figure 92:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 93:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LPG, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 94:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY LPG, BY VALUE IN USD, 2017 - 2030
  1. Figure 95:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 96:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REGION, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 97:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REGION, BY VALUE IN USD, 2017 - 2030
  1. Figure 98:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 99:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 100:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 101:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 102:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 103:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 104:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 105:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 106:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 107:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 108:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 109:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY AUSTRALIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 110:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 111:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CHINA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 112:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CHINA, BY VALUE IN USD, 2017 - 2030
  1. Figure 113:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 114:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY INDIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 115:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY INDIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 116:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 117:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 118:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY INDONESIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 119:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 120:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY JAPAN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 121:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY JAPAN, BY VALUE IN USD, 2017 - 2030
  1. Figure 122:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 123:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 124:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY MALAYSIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 125:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 126:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 127:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2017 - 2030
  1. Figure 128:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 129:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY THAILAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 130:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY THAILAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 131:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 132:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 133:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2017 - 2030
  1. Figure 134:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 135:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 136:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 137:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 138:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 139:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 140:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2017 - 2030
  1. Figure 141:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 142:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 143:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 144:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 145:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 146:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 147:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 148:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 149:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 150:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CANADA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 151:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY CANADA, BY VALUE IN USD, 2017 - 2030
  1. Figure 152:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 153:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 154:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 155:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 156:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 157:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
  1. Figure 158:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
  1. Figure 159:  
  2. GLOBAL COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS

Commercial Vehicles Industry Segmentation

Commercial Vehicles are covered as segments by Vehicle Type. Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
Vehicle Type Commercial Vehicles Heavy-duty Commercial Trucks
Light Commercial Pick-up Trucks
Light Commercial Vans
Medium-duty Commercial Trucks
Propulsion Type Hybrid and Electric Vehicles By Fuel Category BEV
FCEV
HEV
PHEV
ICE By Fuel Category CNG
Diesel
Gasoline
LPG
Region Africa
Asia-Pacific Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Rest-of-APAC
Europe Czech Republic
Middle East
North America Canada
South America
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Market Definition

  • Vehicle Type - The category covers light, medium, and heavy duty commercial vehicle.
  • Vehicle Body Type - This includes Light Commercial Pick-up Trucks, Light Commercial Vans, Medium-duty Commercial Trucks, Heavy-duty Commercial Trucks, and Medium and Heavy Duty Buses.
  • Fuel Category - The category includes various fuel types such as Gasoline, Diesel, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas), HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles)
Keyword Definition
Electric Vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
BEV A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids.
Plug-in Hybrid EV A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally.
Internal combustion engine An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel.
Hybrid EV A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking.
Commercial Vehicles 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).
Passenger Vehicles Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
Light Commercial Vehicles Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
M&HDT Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
Bus A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses.
Diesel It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed.
Gasoline It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug.
LPG It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study.
CNG It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines.
HEV All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices.
PHEV PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly.
Hatchback These are compact-sized cars with a hatch-type door provided at the rear end.
Sedan These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage.
SUV Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles.
MPV These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive.
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Research Methodology

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

  • Step-1: Identify Key Variables: 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 based on 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. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
  • 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 Vehicles Market Research FAQs

How big is the Global Commercial Vehicles Market?

The Global Commercial Vehicles Market size is expected to reach USD 913.02 billion in 2025 and grow at a CAGR of 7.61% to reach USD 1224.08 billion by 2029.

What is the current Global Commercial Vehicles Market size?

In 2025, the Global Commercial Vehicles Market size is expected to reach USD 913.02 billion.

Who are the key players in Global Commercial Vehicles Market?

BAIC Motor Corporation Ltd., Daimler AG (Mercedes-Benz AG), Ford Motor Company, Toyota Motor Corporation and Volkswagen AG are the major companies operating in the Global Commercial Vehicles Market.

Which segment has the biggest share in the Global Commercial Vehicles Market?

In the Global Commercial Vehicles Market, the Light Commercial Pick-up Trucks segment accounts for the largest share by vehicle body type.

Which region has the biggest share in the Global Commercial Vehicles Market?

In 2025, Asia-Pacific accounts for the largest share by region in the Global Commercial Vehicles Market.

What years does this Global Commercial Vehicles Market cover, and what was the market size in 2025?

In 2025, the Global Commercial Vehicles Market size was estimated at 913.02 billion. The report covers the Global Commercial Vehicles Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Commercial Vehicles Market size for years: 2025, 2026, 2027, 2028 and 2029.

Commercial Vehicles Market Research

Mordor Intelligence delivers a comprehensive analysis of the global commercial vehicle market. We leverage our extensive expertise in commercial vehicle industry analysis and consulting services. Our research encompasses the entire commercial vehicle industry, from commercial fleet operations to industrial vehicles across major markets, including global commercial vehicles segments. The report provides detailed insights into commercial vehicle development patterns and emerging commercial vehicle trends. It also offers crucial data about the US commercial vehicle market and commercial vehicle sales in india.

Stakeholders gain valuable insights through our thorough commercial vehicle market size analysis and commercial vehicle forecast projections. The report, available as an easy-to-download PDF, covers critical aspects, including light and medium commercial vehicle segments, commercial vehicle segment dynamics, and industrial vehicle market developments. Our analysis particularly focuses on the future of commercial vehicle industry. It provides stakeholders with actionable intelligence about commercial vehicle industry data and global commercial vehicle sales trends. The comprehensive coverage extends to the small commercial vehicle market in india and includes detailed LCV market analysis, ensuring stakeholders have access to the most relevant and current industry insights.