Commercial Vehicle Market Expected to Witness the Highest Growth 2025
The ‘Commercial Vehicle Market’ research report provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players.
Commercial Vehicle Market is valued at USD 1336.59 Billion in 2017 and expected to reach USD 2094.85 Billion by 2024 with the CAGR of 6.63% over the forecast period.
Commercial vehicle market consists of vehicles which are specially used for purpose like transporting goods and services from one place to another and get paid for the transporting services. Many types of commercial vehicles are used for transporting raw materials from mines area, products from industry to market, people from one place to another. Key Players for Global Commercial vehicle Market Reports
Global Commercial vehicle market report covers prominent players like Daimler, Eicher, Ford Motor, Hyundai Motor, King Long United Automotive Industry Co. Ltd, MAN Truck and Bus, Mitsubishi Fuso Truck and Bus Corporation, Peugeot Citroen, Renault, SML Isuzu, Tata Motors, Toyota Motors, Volvo Trucks Corporation and Volvo Bus
North America is expected to dominate the Commercial Vehicle Market
The global commercial vehicle market is expected to grow at a CAGR of 6.63%. North America was the leading region for the global commercial vehicle market in 2017, accounting for a market share of nearly 41%. The north America captured largest share of revenue and volume of the market. The positive growth is due to increase in financing options, increase in infrastructure investment and government focus on automotive heavy vehicle. Due to demand of vehicles in Canada and Mexico the markets growth rate is higher in these countries comparing to USA. The Asia pacific region is estimated to have highest CAGR of more than 7.6% over the forecast period. The development road infrastructure, rising manufacturing facilities with cost effective labor and raw materials in developing countries like china, India are expected to contribute in growth. The Europe and MEA will experience moderate growth with rise in industrialization.
Table of Contents:
Study Coverage: It includes study objectives, years considered for the research study, growth rate and Commercial Vehicle Market size of type and application segments, key manufacturers covered, product scope, and highlights of segmental analysis.
Executive Summary: In this section, the report focuses on analysis of macroscopic indicators, market issues, drivers, and trends, competitive landscape, CAGR of the global Commercial Vehicle Market, and global production. Under the global production chapter, the authors of the report have included market pricing and trends, global capacity, global production, and global revenue forecasts.
Commercial Vehicle Market Size by Manufacturer: Here, the report concentrates on revenue and production shares of manufacturers for all the years of the forecast period. It also focuses on price by manufacturer and expansion plans and mergers and acquisitions of companies.
Production by Region: It shows how the revenue and production in the global market are distributed among different regions. Each regional market is extensively studied here on the basis of import and export, key players, revenue, and production.
Commercial vehicle Market Segmentation
By Product Light duty vehicles, Medium duty vehicles, Heavy-duty vehicles
By Fuel Diesel, Petrol, Others
By End-use
Industrial, Mining & Construction, Logistics, Passenger Transportation, Others
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