Learn about the global commercial vehicle market through The Business Research Company, which provides information on commercial vehicle market size, commercial vehicle market drivers and restraints, commercial vehicle market players, the COVID-19 impact on the commercial vehicle market, and more.

The global commercial vehicle market size is expected to grow from $719.69 billion in 2021 to $811.29 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The global commercial vehicles market is then expected to grow to $1,237.72 billion in 2026 at a CAGR of 11.1%.

Advances in technology are expected to be a continued driver of market growth in the forecast period.

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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 purposes heavy-duty motor vehicles for highway use.

Global Commercial Vehicle Market Segments Include:

By Type: Light Commercial Vehicle, Heavy Trucks, Buses and Coaches

By Fuel Type: Gasoline, Diesel, Others

By Application: Mining and Construction, Logistics, Passenger Transportation, Others

By Propulsion Type: IC Engine, Electric Vehicle

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the commercial vehicles market in 2021.

Major commercial vehicle manufacturers are investing in driverless car technologies to reduce traffic congestion, prevent accidents and save fuel. Driverless commercial vehicles can sense their 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 the production and design of driverless vehicles.

TBRC’s commercial vehicle market report covers:

Major Market Players: Volkswagen AG, Daimler AG, Toyota Motor Corp, Peugeot, General Motors Co, Ford Motor Co, SAIC, Motor Co ltd, Volvo AB, Bayerische Motoren Werke AG, and Kia Motors Corp.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Commercial Vehicle Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides commercial vehicle market overviews, analyzes and forecasts market size, share, commercial vehicle market players, commercial vehicle market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s commercial vehicle market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Commercial Electric Vehicles Global Market Report 2022

Heavy Trucks Global Market Report 2022

Buses And Coaches Global Market Report 2022

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