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Commercial Vehicle Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5264620
  • Report
  • February 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Daimler AG
  • Hino Motors
  • Man Truck & Bus
  • Scania
  • Volvo Group
Commercial Vehicle Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global commercial vehicle market as it emerges from the COVID-19 shut down.



Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the commercial vehicle? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Commercial Vehicle market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider commercial vehicle market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The commercial vehicle market section of the report gives context. It compares the commercial vehicle market with other segments of the motor vehicles market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, commercial vehicle indicators comparison.
Scope

Markets Covered:
1) By Type: Light Commercial Vehicle; Heavy Trucks; Buses and Coaches
2) By Fuel Type: Gasoline; Diesel; Others
3) By Application: Mining & Construction; Logistics; Passenger Transportation; Others
4) By Propulsion Type: IC Engine; Electric Vehicle

Companies Mentioned: Daimler AG; Volvo Group; Man Truck & Bus; Hino Motors; Scania

Metrics Covered: Number of Enterprises; Number of Employees

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, commercial vehicle indicators comparison.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Commercial Vehicle Market

What is the estimated value of the Global Commercial Vehicle Market?

The Global Commercial Vehicle Market was estimated to be valued at €784.60 billion in 2021.

What is the growth rate of the Global Commercial Vehicle Market?

The growth rate of the Global Commercial Vehicle Market is 9.6%, with an estimated value of €1,132.60 billion by 2025.

What is the forecasted size of the Global Commercial Vehicle Market?

The Global Commercial Vehicle Market is estimated to be worth €1,132.60 billion by 2025.

Who are the key companies in the Global Commercial Vehicle Market?

Key companies in the Global Commercial Vehicle Market include Daimler AG, Volvo Group, Man Truck & Bus and Scania.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Daimler AG
  • Hino Motors
  • Man Truck & Bus
  • Scania
  • Volvo Group
1. Executive Summary

2. Report Structure

3. Commercial Vehicle Market Characteristics
3.1. Market Definition
3.2. Key Segmentations

4. Commercial Vehicle Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products

5. Commercial Vehicle Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

6. Commercial Vehicle Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth

7. Commercial Vehicle Market Trends and Strategies

8. Impact of COVID-19 on Commercial Vehicle

9. Commercial Vehicle Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market

10. Commercial Vehicle Market Regional Analysis
10.1. Global Commercial Vehicle Market, 2020, by Region, Value ($ Billion)
10.2. Global Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Commercial Vehicle Market, Growth and Market Share Comparison, by Region

11. Commercial Vehicle Market Segmentation
11.1. Global Commercial Vehicle Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Light Commercial Vehicle
  • Heavy Trucks
  • Buses and Coaches
11.2. Global Commercial Vehicle Market, Segmentation by Fuel Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Gasoline
  • Diesel
  • Others
11.3. Global Commercial Vehicle Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Mining & Construction
  • Logistics
  • Passenger Transportation
  • Others
11.4. Global Commercial Vehicle Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • IC Engine
  • Electric Vehicle
12. Commercial Vehicle Market Metrics
12.1. Commercial Vehicle Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Commercial Vehicle Market Expenditure, 2015-2025, Global

13. Asia-Pacific Commercial Vehicle Market
13.1. Asia-Pacific Commercial Vehicle Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
13.2. Asia-Pacific, Commercial Vehicle Market, 2020, by Country, Value ($ Billion)
13.3. Asia-Pacific, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
13.4. Asia-Pacific, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
13.5. Asia-Pacific, Commercial Vehicle Market Metrics
13.5.1. Per Capita Average Commercial Vehicle Expenditure, 2015-2025, Asia-Pacific Countries
13.5.2. Number of Enterprises, Commercial Vehicle Market, Commercial Vehicle Market/Number of Enterprises, 2020, Asia-Pacific Countries
13.5.3. Number of Employees, Commercial Vehicle Market, Commercial Vehicle Market/Number of Employees, 2020, Asia-Pacific Countries
13.6. Asia-Pacific Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7. Asia-Pacific Commercial Vehicle Market: Country Analysis
13.7.1. China Commercial Vehicle Market
13.7.1.1. China Commercial Vehicle Market Overview
13.7.1.2. China Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.1.3. China Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.2. Australia Commercial Vehicle Market
13.7.2.1. Australia Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.2.2. Australia Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.3. Hong Kong Commercial Vehicle Market
13.7.3.1. Hong Kong Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.4. India Commercial Vehicle Market
13.7.4.1. India Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.4.2. India Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.5. Indonesia Commercial Vehicle Market
13.7.5.1. Indonesia Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.5.2. Indonesia Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.6. Japan Commercial Vehicle Market
13.7.6.1. Japan Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.6.2. Japan Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.7. Malaysia Commercial Vehicle Market
13.7.7.1. Malaysia Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.8. New Zealand Commercial Vehicle Market
13.7.8.1. New Zealand Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.9. Philippines Commercial Vehicle Market
13.7.9.1. Philippines Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.10. Singapore Commercial Vehicle Market
13.7.10.1. Singapore Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.11. South Korea Commercial Vehicle Market
13.7.11.1. South Korea Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.11.2. South Korea Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.12. Thailand Commercial Vehicle Market
13.7.12.1. Thailand Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.13. Vietnam Commercial Vehicle Market
13.7.13.1. Vietnam Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

14. Western Europe Commercial Vehicle Market
14.1. Western Europe Commercial Vehicle Market Overview
14.2. Western Europe, Commercial Vehicle Market, 2020, by Country, Value ($ Billion)
14.3. Western Europe, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
14.4. Western Europe, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
14.5. Western Europe, Commercial Vehicle Market Metrics
14.5.1. Per Capita Average Commercial Vehicle Expenditure, 2015-2025, Western Europe Countries
14.5.2. Number of Enterprises, Commercial Vehicle Market, Commercial Vehicle Market/Number of Enterprises, 2020, Western Europe Countries
14.5.3. Number of Employees, Commercial Vehicle Market, Commercial Vehicle Market/Number of Employees, 2020, Western Europe Countries
14.6. Western Europe Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Western Europe Commercial Vehicle Market: Country Analysis
14.7.1. Austria Commercial Vehicle Market
14.7.1.1. Austria Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Belgium Commercial Vehicle Market
14.7.2.1. Belgium Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Denmark Commercial Vehicle Market
14.7.3.1. Denmark Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. Finland Commercial Vehicle Market
14.7.4.1. Finland Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. France Commercial Vehicle Market
14.7.5.1. France Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5.2. France Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Germany Commercial Vehicle Market
14.7.6.1. Germany Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6.2. Germany Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Ireland Commercial Vehicle Market
14.7.7.1. Ireland Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. Italy Commercial Vehicle Market
14.7.8.1. Italy Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Netherlands Commercial Vehicle Market
14.7.9.1. Netherlands Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Norway Commercial Vehicle Market
14.7.10.1. Norway Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. Portugal Commercial Vehicle Market
14.7.11.1. Portugal Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Spain Commercial Vehicle Market
14.7.12.1. Spain Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Sweden Commercial Vehicle Market
14.7.13.1. Sweden Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.14. Switzerland Commercial Vehicle Market
14.7.14.1. Switzerland Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.15. UK Commercial Vehicle Market
14.7.15.1. UK Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.15.2. UK Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

15. Eastern Europe Commercial Vehicle Market
15.1. Eastern Europe Commercial Vehicle Market Overview
15.2. Eastern Europe, Commercial Vehicle Market, 2020, by Country, Value ($ Billion)
15.3. Eastern Europe, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
15.4. Eastern Europe, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
15.5. Eastern Europe, Commercial Vehicle Market Metrics
15.5.1. Per Capita Average Commercial Vehicle Expenditure, 2015-2025, Eastern Europe Countries
15.5.2. Number of Enterprises, Commercial Vehicle Market, Commercial Vehicle Market/Number of Enterprises, 2020, Eastern Europe Countries
15.5.3. Number of Employees, Commercial Vehicle Market, Commercial Vehicle Market/Number of Employees, 2020, Eastern Europe Countries
15.6. Eastern Europe Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Eastern Europe Commercial Vehicle Market: Country Analysis
15.7.1. Czech Republic Commercial Vehicle Market,
15.7.1.1. Czech Republic Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Poland Commercial Vehicle Market
15.7.2.1. Poland Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Romania Commercial Vehicle Market
15.7.3.1. Romania Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Russia Commercial Vehicle Market
15.7.4.1. Russia Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4.2. Russia Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

16. North America Commercial Vehicle Market
16.1. North America Commercial Vehicle Market Overview
16.2. North America, Commercial Vehicle Market, 2020, by Country, Value ($ Billion)
16.3. North America, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
16.4. North America, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
16.5. North America, Commercial Vehicle Market Metrics
16.5.1. Per Capita Average Commercial Vehicle Expenditure, 2015-2025, North America Countries
16.5.2. Number of Enterprises, Commercial Vehicle Market, Commercial Vehicle Market/Number of Enterprises, 2020, North America Countries
16.5.3. Number of Employees, Commercial Vehicle Market, Commercial Vehicle Market/Number of Employees, 2020, North America Countries
16.6. North America Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. North America Commercial Vehicle Market: Country Analysis
16.7.1. Canada Commercial Vehicle Market
16.7.1.1. Canada Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Mexico Commercial Vehicle Market
16.7.2.1. Mexico Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. USA Commercial Vehicle Market
16.7.3.1. USA Commercial Vehicle Market Overview
16.7.3.2. USA Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3.3. USA Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

17. South America Commercial Vehicle Market
17.1. South America Commercial Vehicle Market Overview
17.2. South America, Commercial Vehicle Market, 2020, by Country, Value ($ Billion)
17.3. South America, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
17.4. South America, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
17.5. South America, Commercial Vehicle Market Metrics
17.5.1. Per Capita Average Commercial Vehicle Expenditure, 2015-2025, South America Countries
17.5.2. Number of Enterprises, Commercial Vehicle Market, Commercial Vehicle Market/Number of Enterprises, 2020, South America Countries
17.5.3. Number of Employees, Commercial Vehicle Market, Commercial Vehicle Market/Number of Employees, 2020, South America Countries
17.6. South America Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. South America Commercial Vehicle Market: Country Analysis
17.7.1. Argentina Commercial Vehicle Market
17.7.1.1. Argentina Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Brazil Commercial Vehicle Market
17.7.1.1. Brazil Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2.2. Brazil Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. Chile Commercial Vehicle Market
17.7.3.1. Chile Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.4. Colombia Commercial Vehicle Market
17.7.4.1. Colombia Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.5. Peru Commercial Vehicle Market
17.7.5.1. Peru Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.6. Venezuela Commercial Vehicle Market
17.7.6.1. Venezuela Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

18. Middle East Commercial Vehicle Market
18.1. Middle East Commercial Vehicle Market Overview
18.2. Middle East, Commercial Vehicle Market, 2020, by Country, Value ($ Billion)
18.3. Middle East, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
18.4. Middle East, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
18.5. Middle East, Commercial Vehicle Market Metrics
18.5.1. Per Capita Average Commercial Vehicle Expenditure, 2015-2025, Middle East Countries
18.5.2. Number of Enterprises, Commercial Vehicle Market, Commercial Vehicle Market/Number of Enterprises, 2020, Middle East Countries
18.5.3. Number of Employees, Commercial Vehicle Market, Commercial Vehicle Market/Number of Employees, 2020, Middle East Countries
18.6. Middle East Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. Middle East Commercial Vehicle Market: Country Analysis
18.7.1. Saudi Arabia Commercial Vehicle Market
18.7.1.1. Saudi Arabia Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Israel Commercial Vehicle Market
18.7.2.1. Israel Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Turkey Commercial Vehicle Market
18.7.3.1. Turkey Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. UAE Commercial Vehicle Market
18.7.4.1. UAE Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

19. Africa Commercial Vehicle Market
19.1. Africa Commercial Vehicle Market Overview
19.2. Africa, Commercial Vehicle Market, 2020, by Country, Value ($ Billion)
19.3. Africa, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
19.4. Africa, Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
19.5. Africa, Commercial Vehicle Market Metrics
19.5.1. Per Capita Average Commercial Vehicle Expenditure, 2015-2025, Africa Countries
19.5.2. Number of Enterprises, Commercial Vehicle Market, Commercial Vehicle Market/Number of Enterprises, 2020, Africa Countries
19.5.3. Number of Employees, Commercial Vehicle Market, Commercial Vehicle Market/Number of Employees, 2020, Africa Countries
19.6. Africa Commercial Vehicle Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Africa Commercial Vehicle Market: Country Analysis
19.7.1. Egypt Commercial Vehicle Market
19.7.1.1. Egypt Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Nigeria Commercial Vehicle Market
19.7.2.1. Nigeria Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. South Africa Commercial Vehicle Market
19.7.3.1. South Africa Commercial Vehicle Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

20. Commercial Vehicle Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. Daimler AG
20.3.1.1. Company Overview
20.3.1.2. Products and Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. Volvo Group
20.3.2.1. Company Overview
20.3.2.2. Products and Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. Man Truck & Bus
20.3.3.1. Company Overview
20.3.3.2. Products and Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4. Hino Motors
20.3.4.1. Company Overview
20.3.4.2. Products and Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5. Scania
20.3.5.1. Company Overview
20.3.5.2. Products and Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance

21. Key Mergers and Acquisitions in the Commercial Vehicle Market

22. Market Background: Motor Vehicles Market
22.1. Motor Vehicles Market Characteristics
22.2. Motor Vehicles Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, by Segment, Value ($ Billion), Global
22.3. Global Motor Vehicles Market, 2020, by Region, Value ($ Billion)
22.4. Global Motor Vehicles Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
22.5. Global Motor Vehicles Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion)

23. Recommendations
23.1. Global Commercial Vehicle Market in 2025 - Growth Countries
23.2. Global Commercial Vehicle Market in 2025 - Growth Segments
23.3. Global Commercial Vehicle Market in 2025 - Growth Strategies

24. Appendix
24.1. NAICS Definitions of Industry Covered in this Report
24.2. Abbreviations
24.3. Currencies
24.4. Research Inquiries
24.5. About the Publisher

25. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Daimler AG
  • Hino Motors
  • Man Truck & Bus
  • Scania
  • Volvo Group
Major companies in the commercial vehicles market include Daimler AG; Volvo Group; Man Truck & Bus; Hino Motors and Scania.

The global commercial vehicle market is expected to grow from $719.08 billion in 2020 to $784.6 billion in 2021 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1132.57 billion in 2025 at a CAGR of 10%.

The commercial vehicles market consists of sales of commercial vehicles and related services by entities (organizations, sole traders and partnerships) that produce complete light trucks and utility vehicles such as light duty vans, minivans, pick-up trucks and sports utility vehicles, and complete heavy duty trucks, buses, coaches, heavy duty motor homes and other special purpose heavy duty motor vehicles for highway use. The commercial vehicle market is segmented into light commercial vehicle; heavy trucks and buses and coaches.

North America was the largest region in the global commercial vehicle market, accounting for 65% of the market in 2020. Asia Pacific was the second largest region accounting for 20% of the global commercial vehicle market. Eastern Europe was the smallest region in the global commercial vehicle market.

Major commercial vehicle manufacturers are investing in driverless car technologies to reduce traffic congestion, prevent accidents and save fuel. Driverless commercial vehicles are able to sense its surrounding environment and navigate through an area without the involvement of humans using radar, GPS, computer vision technology . With this technology becoming realistic many companies are expected to be part of production and design of driverless vehicles. Companies such as UPS and Amazon are testing driverless commercial vehicles to improve operational efficiencies and reduce costs.

The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the commercial vehicle market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components. Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the commercial vehicle market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Advances in technology are expected to be a continued driver of market growth in the forecast period. The commercial vehicle industry has experienced many technological advances in the last decade and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing and reconfigurable body panels. These innovations are expected to drive the commercial vehicle market during the forecast period.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Daimler AG
  • Volvo Group
  • Man Truck & Bus
  • Hino Motors
  • Scania
Note: Product cover images may vary from those shown

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