Report overview
The global Commercial Vehicles market size is estimated to be $867.1 billion in 2023, it will reach $1181.8 billion by 2032, growing at a CAGR of 3.5% during the forecast period from 2024 to 2032.
This report studies the Commercial Vehicles market, covering market size for segment by type (Light Commercial Vehicles, Heavy Trucks, etc.), by application (Industrial & Logistics, Mining & Construction, etc.), by sales channel (Direct Channel, Distribution Channel), by player (Volvo, Mercedes-Benz (Daimler), Volkswagen Group (Traton), Hino Motors (Toyota), General Motors, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Commercial Vehicles from 2018-2023, and provides extensive market forecasts from 2024-2032 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Commercial Vehicles market.
Leading Players of Commercial Vehicles including:
Volvo
Mercedes-Benz (Daimler)
Volkswagen Group (Traton)
Hino Motors (Toyota)
General Motors
Ford Motor
Hyundai Motor
Tata Motors
Ashok Leyland (Hinduja Group)
IVECO
Isuzu Motors
Mitsubishi Motors
Yutong Buses
Golden Dragon
BYD
CRRC
Dongfeng Motor
PACCAR
REV Group
Blue Bird Corporation
Mahindra and Mahindra
King Long
Zhong Tong
Anhui Ankai
Nanjing Gold Dragon
Market split by Type:
Light Commercial Vehicles
Heavy Trucks
Buses and Coaches
Market split by Application:
Industrial & Logistics
Mining & Construction
Passenger Transportation
Others
Market split by Sales Channel:
Direct Channel
Distribution Channel
Market split by Region/Country:
North America (United States and Canada)
Europe (Germany, UK, France, Italy, Spain, and Russia, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia, etc.)
South America (Brazil, Mexico, and Argentina, etc.)
Middle East & Africa (Turkey, UAE, Saudi Arabia, and South Africa, etc.)
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