A commercial vehicle is used for commercial or business purposes. Commercial motor vehicles (CMV) may transport goods or paying passengers. A commercial vehicle is often designated "commercial" when it is titled or registered to a company. This may include company cars, fleet vehicles, or other vehicles used for business purposes.
This report contains market size and forecasts of Commercial Vehicles in global, including the following market information:
Global Commercial Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Commercial Vehicles Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Commercial Vehicles companies in 2021 (%)
The global Commercial Vehicles market was valued at 949470 million in 2021 and is projected to reach US$ 1041490 million by 2028, at a CAGR of 1.3% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Light Commercial Vehicle Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Commercial Vehicles include GM, Toyota, Ford, Daimler, Volvo, Stellantis, PACCAR, Faw Jiefang Group and Man Truck & bus, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Commercial Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Commercial Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Commercial Vehicles Market Segment Percentages, by Type, 2021 (%)
Light Commercial Vehicle
Medium Duty/Heavy Duty Vehicle
Buses & Coaches
Global Commercial Vehicles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Commercial Vehicles Market Segment Percentages, by Application, 2021 (%)
Transportation and Logistics
Construction
Public Transit
Others
Global Commercial Vehicles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Commercial Vehicles Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Commercial Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Commercial Vehicles revenues share in global market, 2021 (%)
Key companies Commercial Vehicles sales in global market, 2017-2022 (Estimated), (Units)
Key companies Commercial Vehicles sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
GM
Toyota
Ford
Daimler
Volvo
Stellantis
PACCAR
Faw Jiefang Group
Man Truck & bus
Scania
Iveco
Sinotruck
Shaanxi Heavy Duty Automobile
Isuzu Motors
Navistar
Tata Motors
Yutong
BYD