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The increase in online shopping is expected to drive the light commercial vehicle demand, thereby contributing to the market expansion, as per The Business Research Company’s commercial vehicle market opportunities and strategies report.

The commercial vehicle market is expected to reach $1.13 trillion in 2025. The global commercial vehicle market is expected to reach $1.65 trillion in 2030, at a CAGR of 7.9%.

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Major players in the commercial vehicle market include Diamler AG, Volvo Group, PACCAR Inc., Dongfeng Motor Group Company Limited, Volkswagen AG.

Major commercial vehicle manufacturers are investing in driverless car technologies to reduce traffic congestion, prevent accidents and save fuel. Automated trucks and buses will revolutionize the efficiency and mobility of logistics, which will create new opportunities for manufacturers bringing commercial vehicle automation technologies into the market. 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.

The Global Commercial Vehicle Market Is Segmented:
By Type: Light Commercial Vehicle, Heavy Trucks Buses, Coaches

By Fuel Type: Gasoline, Diesel

By Propulsion Type: IC Engine, Electric Vehicle

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

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

TBRC’s Commercial Vehicle Market Report Covers:

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 Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough commercial vehicle market research, analyzes and forecasts commercial vehicle market size, commercial vehicle market share, commercial vehicle market players, commercial vehicle market trends, commercial vehicle market segmentation 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.

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.

View Similar Reports From The Business Research Company:

Electric Commercial Vehicles Global Market Report 2022

Motor Vehicles Global Market Report 2022

Autonomous Commercial Vehicle Global Market Report 2022

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