Commercial Vehicles Market Size, Share & Trends Report

Commercial Vehicles Market Size, Share & Trends Analysis Report By Product (LCVs, Heavy Trucks, Buses & Coaches), By End-use (Industrial, Mining & Construction), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-2-68038-538-0
  • Number of Pages: 110
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Market Segmentation

  • Commercial Vehicles Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)
    • Light Commercial Vehicles (LCVs)
    • Heavy Trucks
    • Buses & Coaches
  • Commercial Vehicles End-use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)
    • Industrial
    • Mining & Construction
    • Logistics
    • Passenger Transportation
    • Others
  • Commercial Vehicles Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)
    • North America
      • North America Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
        • Light Commercial Vehicles (LCVs)
        • Heavy Trucks
        • Buses & Coaches
      • North America Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
        • Industrial
        • Mining & Construction
        • Logistics
        • Passenger Transportation
        • Others
      • U.S.
        • U.S. Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Light Commercial Vehicles (LCVs)
          • Heavy Trucks
          • Buses & Coaches
        • U.S. Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Industrial
          • Mining & Construction
          • Logistics
          • Passenger Transportation
          • Others
      • Canada
        • Canada Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Light Commercial Vehicles (LCVs)
          • Heavy Trucks
          • Buses & Coaches
        • Canada Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Industrial
          • Mining & Construction
          • Logistics
          • Passenger Transportation
          • Others
    • Europe
      • Europe Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
        • Light Commercial Vehicles (LCVs)
        • Heavy Trucks
        • Buses & Coaches
      • Europe Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
        • Industrial
        • Mining & Construction
        • Logistics
        • Passenger Transportation
        • Others
      • U.K.
        • U.K. Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Light Commercial Vehicles (LCVs)
          • Heavy Trucks
          • Buses & Coaches
        • U.K. Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Industrial
          • Mining & Construction
          • Logistics
          • Passenger Transportation
          • Others
      • Germany
        • Germany Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Light Commercial Vehicles (LCVs)
          • Heavy Trucks
          • Buses & Coaches
        • Germany Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Industrial
          • Mining & Construction
          • Logistics
          • Passenger Transportation
          • Others
    • Asia Pacific
      • Asia Pacific Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
        • Light Commercial Vehicles (LCVs)
        • Heavy Trucks
        • Buses & Coaches
      • Asia Pacific Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
        • Industrial
        • Mining & Construction
        • Logistics
        • Passenger Transportation
        • Others
      • China
        • China Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Light Commercial Vehicles (LCVs)
          • Heavy Trucks
          • Buses & Coaches
        • China Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Industrial
          • Mining & Construction
          • Logistics
          • Passenger Transportation
          • Others
      • India
        • India Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Light Commercial Vehicles (LCVs)
          • Heavy Trucks
          • Buses & Coaches
        • India Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Industrial
          • Mining & Construction
          • Logistics
          • Passenger Transportation
          • Others
      • Japan
        • Japan Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Light Commercial Vehicles (LCVs)
          • Heavy Trucks
          • Buses & Coaches
        • Japan Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Industrial
          • Mining & Construction
          • Logistics
          • Passenger Transportation
          • Others
    • Latin America
      • Latin America Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
        • Light Commercial Vehicles (LCVs)
        • Heavy Trucks
        • Buses & Coaches
      • Latin America Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
        • Industrial
        • Mining & Construction
        • Logistics
        • Passenger Transportation
        • Others
      • Brazil
        • Brazil Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Light Commercial Vehicles (LCVs)
          • Heavy Trucks
          • Buses & Coaches
        • Brazil Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Industrial
          • Mining & Construction
          • Logistics
          • Passenger Transportation
          • Others
      • Mexico
        • Mexico Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Light Commercial Vehicles (LCVs)
          • Heavy Trucks
          • Buses & Coaches
        • Mexico Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
          • Industrial
          • Mining & Construction
          • Logistics
          • Passenger Transportation
          • Others
    • Middle East and Africa
      • Middle East and Africa Commercial Vehicles Market, by Product (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
        • Light Commercial Vehicles (LCVs)
        • Heavy Trucks
        • Buses & Coaches
      • Middle East and Africa Commercial Vehicles Market, by End-Use (Volume, thousand Units; Revenue, USD Billion, 2018 - 2030)
        • Industrial
        • Mining & Construction
        • Logistics
        • Passenger Transportation
        • Others

Commercial Vehicles Market Dynamics

Drivers: Surging Integration of Safety and Protection Features

According to the World Health Organization, approximately 1.24 million people die while about 20-50 million people get injured in road accidents every year. If the situation persists, road accidents would emerge as the seventh leading cause of death by 2030. As a result, enhanced safety features are being increasingly integrated into vehicles as part of the efforts to prevent road accidents. Moreover, prominent government organizations, such as the National Highway Traffic Safety Administration (NHTSA), a U.S. government agency, and leading automakers are collaborating actively toward enhancing the vehicular safety. For instance, an agreement signed between 20 prominent automakers operating in the U.S., the NHTSA, and the Insurance Institute for Highway Safety, a U.S. nonprofit organization, in March 2017 envisages automated emergency brakes being offered as a standard feature on all light trucks and cars by 2022.

Drivers: Rise in Sales of Commercial Vehicles Due to Growth of Retail E-Commerce

The global retail e-commerce industry has been growing significantly during the past few years in line with the improving living standards of the middle-class population, the widespread rollout of internet services, and the launch of several e-commerce portals that can support various languages, which is making it easy for consumers to purchase goods online. Trucking can be considered as one of the most convenient modes to transport freight. More than 50% of the goods are shipped by road across the globe. Recent advances in technology, such as vehicle-tovehicle communication, integrated supply chain, remote diagnostics, and autonomous driving, among others, are expected to transform the trucking and logistics industries over the next few years. These novel technologies would help in facilitating remote maintenance, increasing efficiency, and enhancing safety. The growing retail e-commerce industry is anticipated drive the growth of the logistics industry and ultimately trigger the sales of commercial vehicles.

Restraint: Environmental Impact of Diesel Engine Emissions and Non-Adherence to Stringent Emission Norms

Climate change is emerging as a major concern all over the world. Vehicles can be considered as one of the leading contributors toward air pollution, as they emit carbon monoxide (CO), hydrocarbons (HC), nitrogen oxides, and other particulate matter. Nitrogen oxides emitted from diesel engines are one of the major causes of deaths related to air pollution. Moreover, light and heavy commercial vehicles tend to release more nitrogen oxides in actual driving conditions than those noted during laboratory testing due to several reasons, including inadequate maintenance, inefficient certification procedures, and use of defective devices. Long-term exposure to polluted environments can lead to adverse health conditions, such as disability, chronic obstructive pulmonary disease, lung cancer, and ischemic heart disease. The levels of these emissions show no signs of abating despite the enforcement of stringent regulations and environmental norms. The recent disclosure related to the use of “defeat devices” by Volkswagen and other manufacturers to hide the non-adherence of vehicles to the standard emission norms has helped increase the awareness about regulatory issues.

What Does This Report Include?

This section will provide insights into the contents included in this commercial vehicles market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Commercial vehicles market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Commercial vehicles market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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