Europe Medium and Heavy-duty Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Europe Medium and Heavy-duty Commercial Vehicles Market is segmented by Vehicle Type ( Commercial Vehicles ) , by Engine Type ( Hybrid And Electric Vehicles, ICE ) and by Country ( Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Latvia, Lithuania, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe )

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Europe Medium & Heavy-duty Commercial Vehicles Market Size

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Europe Medium and Heavy-duty Commercial Vehicles Market
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 72.75 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 116.19 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub Body Type Medium-duty Commercial Trucks
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 9.82 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Germany

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Europe Medium & Heavy-duty Commercial Vehicles Market Analysis

The Europe Medium and Heavy-duty Commercial Vehicles Market size is estimated at USD 72.75 billion in 2024, and is expected to reach USD 116.19 billion by 2029, growing at a CAGR of 9.82% during the forecast period (2024-2029).

  • Largest Segment by Fuel Type - Gasoline : The availability of fuel and the lack of charging infrastructure for electric vehicles are the factors surging the demand for traditional fuel engines.
  • Largest Segment by Sub-Body Type - M&HDT : In Europe, trucks have registered the largest sales in the overall medium and heavy-duty commercial vehicles market due to the usage of heavy-duty trucks in commercial use, such as industrialization.
  • Fastest-growing Segment by Fuel Type - FCEV : Government focus on green mobility to cut carbon emissions, and development in charging infrastructure is making BEV the fastest growing fuel type in commercial vehicles in Europe.
  • Largest Segment by Country - Germany : The growing demand for construction activities, logistics sector, and growth in e-commerce is enhancing the sales of medium and heavy-duty commercial trucks in Germany.

Europe Medium & Heavy-duty Commercial Vehicles Market Trends

This section covers the major market trends shaping the Europe Medium & Heavy-duty Commercial Vehicles Market according to our research experts:

Medium-duty Commercial Trucks is the largest segment by Sub Body Type.

  • Effective transport is the foundation of Europe's economy, growth, and competitiveness. The commercial vehicle industry is committed to assisting the European economy in meeting the ambitious climate targets set forth in the Paris Agreement. Alternative fuels and powertrains are becoming more varied, but very few charging and refueling locations are still appropriate for commercial vehicles. The 6.3 million vehicles in use across the EU transport about 15 billion tonnes of freight annually, or 76.7% of all freight transported over land.
  • Europe has been the focal point of COVID-19's effects, with some 50,000 units of output lost in March and April due to strict factory closures, workplace regulations across the area, supply chain issues, and orders to stay at home. By the end of 2020, commercial vehicle manufacturing in the European region had decreased by almost 20% from the previous year. Countries like Poland in Central Europe and Italy in Western Europe, where the trucking industry prominently facilitates the flow of commodities throughout Europe, are expected to experience the largest fall in demand.
  • Logistics and Construction activities growth raised the need for material transportation, driving up commercial vehicle sales across Europe. This will probably fuel the market for business vehicles in the near future. The market is anticipated to develop due to the rise in construction and e-commerce activities, as well as the transition toward electric vehicles, which is anticipated to present chances for market expansion in the years to come.
Europe Medium and Heavy-duty Commercial Vehicles Market

Germany is the largest segment by Country.

Europe Medium and Heavy-duty Commercial Vehicles Market

Europe Medium & Heavy-duty Commercial Vehicles Industry Overview

The Europe Medium and Heavy-duty Commercial Vehicles Market is fairly consolidated, with the top five companies occupying 69.51%. The major players in this market are Daimler AG, IVECO, Man Truck & Bus, Scania AB and Volvo Group (sorted alphabetically).

Europe Medium & Heavy-duty Commercial Vehicles Market Leaders

  1. Daimler AG

  2. IVECO

  3. Man Truck & Bus

  4. Scania AB

  5. Volvo Group

*Disclaimer: Major Players sorted in no particular order

Europe Medium and Heavy-duty Commercial Vehicles Market
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Europe Medium & Heavy-duty Commercial Vehicles Market News

  • July 2022: The Volvo Group, Daimler Truck, and the TRATON GROUP completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The joint venture (JV) plans to install and operate at least 1,700 high-performance green energy charge points on, and close to, highways as well as at logistics hubs across Europe.
  • July 2022: Isuzu Motors Limited (Isuzu), DENSO Corporation (DENSO), Toyota Motor Corporation (Toyota), Hino Motors, Ltd. (Hino), and Commercial Japan Partnership Technologies Corporation (CJPT) announced that they have started planning and foundational research on hydrogen engines for heavy-duty commercial vehicles with the aim of further utilizing internal combustion engines as one option to achieve carbon neutrality.
  • July 2022: The Volvo Group, Daimler Truck, and the TRATON GROUP completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The joint venture (JV) plans to install and operate at least 1,700 high-performance green energy charge points on, and close to, highways as well as at logistics hubs across Europe.

Europe Medium & Heavy-duty Commercial Vehicles Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. Population

    2. 4.2. GDP

    3. 4.3. CVP

    4. 4.4. Inflation Rate

    5. 4.5. Interest Rate For Auto Loans

    6. 4.6. Battery Price (per Kwh)

    7. 4.7. Logistics Performance Index

    8. 4.8. Electrification Impact

    9. 4.9. New XEV Models Announced

    10. 4.10. Charging Stations Deployment

    11. 4.11. Regulatory Framework

    12. 4.12. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. Vehicle Type

      1. 5.1.1. Commercial Vehicles

        1. 5.1.1.1. Buses

        2. 5.1.1.2. Heavy-duty Commercial Trucks

        3. 5.1.1.3. Medium-duty Commercial Trucks

    2. 5.2. Engine Type

      1. 5.2.1. Hybrid And Electric Vehicles

        1. 5.2.1.1. By Fuel Type

          1. 5.2.1.1.1. BEV

          2. 5.2.1.1.2. FCEV

          3. 5.2.1.1.3. HEV

          4. 5.2.1.1.4. PHEV

      2. 5.2.2. ICE

        1. 5.2.2.1. By Fuel Type

          1. 5.2.2.1.1. CNG

          2. 5.2.2.1.2. Diesel

          3. 5.2.2.1.3. Gasoline

          4. 5.2.2.1.4. LPG

    3. 5.3. Country

      1. 5.3.1. Austria

      2. 5.3.2. Belgium

      3. 5.3.3. Czech Republic

      4. 5.3.4. Denmark

      5. 5.3.5. Estonia

      6. 5.3.6. France

      7. 5.3.7. Germany

      8. 5.3.8. Ireland

      9. 5.3.9. Italy

      10. 5.3.10. Latvia

      11. 5.3.11. Lithuania

      12. 5.3.12. Norway

      13. 5.3.13. Poland

      14. 5.3.14. Russia

      15. 5.3.15. Spain

      16. 5.3.16. Sweden

      17. 5.3.17. UK

      18. 5.3.18. Rest-of-Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. Daimler AG

      2. 6.4.2. Ford Motor Company

      3. 6.4.3. Hino Motors, Ltd.

      4. 6.4.4. IVECO

      5. 6.4.5. Man Truck & Bus

      6. 6.4.6. PACCAR Inc

      7. 6.4.7. Scania AB

      8. 6.4.8. Volvo Group

  7. 7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 8. APPENDIX

    1. 8.1. Global Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter's Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Market Dynamics (DROs)

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 3:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 4:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 5:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 6:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 7:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 8:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 9:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 10:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 11:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 12:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 13:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 14:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 15:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 16:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 17:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BUSES, BY VOLUME IN UNITS, 2016-2028
  1. Figure 18:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BUSES, BY VALUE IN USD, 2016-2028
  1. Figure 19:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 20:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 21:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 22:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 23:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 24:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 25:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 26:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 27:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 28:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 29:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 30:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 31:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 32:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 33:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 34:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 35:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 36:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 37:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 38:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 39:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 40:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 41:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 42:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 43:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 44:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 45:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 46:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 47:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 48:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 49:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 50:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CNG, BY VOLUME IN UNITS, 2016-2028
  1. Figure 51:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CNG, BY VALUE IN USD, 2016-2028
  1. Figure 52:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 53:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VOLUME IN UNITS, 2016-2028
  1. Figure 54:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VALUE IN USD, 2016-2028
  1. Figure 55:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 56:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 57:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VALUE IN USD, 2016-2028
  1. Figure 58:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 59:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LPG, BY VOLUME IN UNITS, 2016-2028
  1. Figure 60:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LPG, BY VALUE IN USD, 2016-2028
  1. Figure 61:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 62:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 63:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 64:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 65:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 66:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 67:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028
  1. Figure 68:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028
  1. Figure 69:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028
  1. Figure 70:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 71:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028
  1. Figure 72:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 73:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028
  1. Figure 74:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 75:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028
  1. Figure 76:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 77:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028
  1. Figure 78:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 79:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028
  1. Figure 80:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 81:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 82:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028
  1. Figure 83:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 84:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2016-2028
  1. Figure 85:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 86:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028
  1. Figure 87:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 88:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028
  1. Figure 89:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 90:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028
  1. Figure 91:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 92:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2016-2028
  1. Figure 93:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 94:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028
  1. Figure 95:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 96:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028
  1. Figure 97:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 98:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028
  1. Figure 99:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 100:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2016-2028
  1. Figure 101:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 102:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028
  1. Figure 103:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 104:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 105:  
  2. EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Europe Medium & Heavy-duty Commercial Vehicles Industry Segmentation

Commercial Vehicles are covered as segments by Vehicle Type. Hybrid And Electric Vehicles, ICE are covered as segments by Engine Type. Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Latvia, Lithuania, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe are covered as segments by Country.
Vehicle Type
Commercial Vehicles
Buses
Heavy-duty Commercial Trucks
Medium-duty Commercial Trucks
Engine Type
Hybrid And Electric Vehicles
By Fuel Type
BEV
FCEV
HEV
PHEV
ICE
By Fuel Type
CNG
Diesel
Gasoline
LPG
Country
Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
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Market Definition

  • Body Type - It includes buses, medium& heavy-duty vehicles, medium and heavy-duty buses, 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, 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 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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Europe Medium & Heavy-duty Commercial Vehicles Market Research FAQs

The Europe Medium and Heavy-duty Commercial Vehicles Market size is expected to reach USD 72.75 billion in 2024 and grow at a CAGR of 9.82% to reach USD 116.19 billion by 2029.

In 2024, the Europe Medium and Heavy-duty Commercial Vehicles Market size is expected to reach USD 72.75 billion.

Daimler AG, IVECO, Man Truck & Bus, Scania AB and Volvo Group are the major companies operating in the Europe Medium and Heavy-duty Commercial Vehicles Market.

In the Europe Medium and Heavy-duty Commercial Vehicles Market, the Medium-duty Commercial Trucks segment accounts for the largest share by sub body type.

In 2024, Germany accounts for the largest share by country in the Europe Medium and Heavy-duty Commercial Vehicles Market.

In 2023, the Europe Medium and Heavy-duty Commercial Vehicles Market size was estimated at USD 66.21 billion. The report covers the Europe Medium and Heavy-duty Commercial Vehicles Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Medium and Heavy-duty Commercial Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Europe Medium and Heavy-duty Commercial Vehicles Industry Report

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

Europe Medium and Heavy-duty Commercial Vehicles Report Snapshots

Europe Medium and Heavy-duty Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029