Market Size of north america van Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2029 |
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Market Size (2024) | USD 13.19 Billion |
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Market Size (2029) | USD 16.67 Billion |
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Largest Share by Engine Type | Hybrid and Electric Vehicles |
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CAGR (2024 - 2029) | 4.79 % |
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Largest Share by Country | US |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Van Market Analysis
The North America Van Market size is estimated at USD 13.19 billion in 2024, and is expected to reach USD 16.67 billion by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).
- Largest Segment by Fuel Type - BEV : Traditional diesel engines cover the most sales of vans due to their reliability in commercial usage. Which makes diesel vans the largest fuel type in light commercial vans sales in North America.
- Fastest-growing Segment by Fuel Type - CNG : Battery electric vans are the fastest-growing segment in North America. In the US, e-commerce companies are moving toward battery vehicles for their daily commute and last mile logistics operations.
- Largest Segment by Country - US : The United States was the largest van market in 2021. The government focused on carbon-free vehicles and incentives, encouraged companies to adopt zero-emission vans.
- Fastest-growing Segment by Country - US : In North America, Canada is the fastest-growing commercial Vans market. The country's e-commerce sectors are proliferating significantly helping vans market to grow in short terms.
