|
1. MARKET OVERVIEW
|
Commercial Vehicles – Global Key Competitors Percentage Market Share in 2023 (E) |
Commercial Vehicles: A Prelude |
Disparity in Classification of CVs by Region |
Exhibit: Global Market for Commercial Vehicles by Type: 2023 |
Exhibit: Global Market for Commercial Vehicles by End-Use: 2023 |
EXHIBIT: Categorization of Trucks based on GVW |
Categorization of Trucks based on Class and End-Use |
Correlation Between the CV Market & the Transportation Industry |
Market Outlook |
Developing Markets to Lend Traction to Market |
Nearshoring Trend Positions Brazil & Mexico as a Strong Production Centers for CVs |
Light Commercial Vehicles Commands Largest Share |
Trucks: Backbone of Logistics Industry |
Global Industrial Truck Market: An Overview |
Competition |
Manufacturers Focus on Supplier-End User Relationship |
EXHIBIT: Market Share of Leading Players in the Global (>16t) Truck Market: 2023 |
EXHIBIT: Market Share of Leading Players in the Global Light Commercial Vehicles Market: 2023 |
EXHIBIT: Market Share of Leading Players in the Global Heavy Commercial Vehicles Market: 2023 |
Recent Market Activity |
World Brands |
Competitive Market Presence - Strong/Active/Niche/Trivial for 124 Players Worldwide in 2023 (E) |
2. FOCUS ON SELECT PLAYERS
|
3. MARKET TRENDS & DRIVERS
|
Electric Light Commercial Vehicles Emerge as Backbone of Delivery Infrastructure |
Buzzing Trends with Potential to Redefine Commercial Vehicle Space |
Vehicle Efficiency Gains Focus |
Trend Towards Alternative Fuels & Diesel |
Select Examples |
Electrification of Commercial Vehicles Gains Momentum |
Select Developments in Commercial Electric Vehicles Space |
Marking an Era of Automated & Autonomous Vehicles |
Disruptions in Traditional Vehicle Architecture |
Servitization Garners Pace |
Use of Insurance Packages |
Rise in Use of Advanced Tracking Systems |
Driverless Systems Seek Role in CV Industry |
Digitalization of Logistics & Market Changes Prompt Truck Operators to Rush Headlong into Automation Drive |
Cloud Computing Experiences Increasing Adoption |
Connected Technology to Revolutionize Commercial Vehicle Ecosystem |
IoT Supports Roll Out of Connected CVs |
EXHIBIT: Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2023 |
Focus on Smart Highway to Elevate the Image of Connected CV |
EXHIBIT: The Growing Need to Bridge Infrastructure Gap Which is the Highest for Roadways Promises Robust Opportunity for Smart Highways: Global Cumulative Investments in Roadways Vs Actual Need for the Period 2016-2040 (In US$ Billion) |
On-Road Safety Drives Business Case for Connected CV |
Rising Average Vehicle Life Provides a Fertile Environment for New CV Purchases |
Exhibit: Average Age of Trucks and Buses in the EU (in Years): 2016-2023 |
Trend Towards Low-Emission and Fuel Efficient Vehicles |
Hybrid Commercial Vehicles in the Spotlight |
Safety Features Gain Precedence |
Growing Focus On Telematics as a Key Value Addition in Trucking Industry |
Rising Demand for Refrigerated Vehicles Augurs Well for CV Market |
Global Cold Chain Industry (In US$ Billion) for the Years 2017, 2020 and 2025 |
4. GLOBAL MARKET PERSPECTIVE
|
World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Units for Years 2023 through 2030 and % CAGR |
World Historic Review for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
World 16-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030 |
World Commercial Vehicles Market Analysis of Annual Sales in Units for Years 2014 through 2030 |
|
UNITED STATES
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E) |
Market Overview |
Factors Governing Demand for Heavy Duty Commercial Vehicles |
Food Trucks Gain Demand |
Privatization of School Bus Services Lends Growth |
Competition: Market Share Findings |
EXHIBIT: Market Share of Leading Players in the US Class 8 Trucks Market: 2023 |
EXHIBIT: Market Share of Leading Brands in the US Pickup Trucks Market: 2023 |
EXHIBIT: US Commercial Van Market (2023): Percentage Share Breakdown of Sales by Leading Brands |
Market Analytics |
USA Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
USA Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
CANADA
|
Market Analytics |
Market Overview |
EXHIBIT: Canadian Pickup Trucks Market (2023): Percentage Share Breakdown of Unit Sales by Leading Brands |
EXHIBIT: Canadian Commercial Van Market (2019 and 2023): Percentage Share Breakdown of Unit Sales by Leading Brands |
Canada Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Canada Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
JAPAN
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E) |
Japan Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Japan Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
CHINA
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E) |
Market Overview |
Chinese Truck Market: An Overview |
EXHIBIT: Chinese Truck Market by Segment (2023): Percentage Breakdown of Value Sales for Heavy Truck, Light Truck, Medium Truck and Mini Truck |
Competitive Scenario |
EXHIBIT: Chinese Heavy Duty Trucks Market (2023): Percentage Breakdown of Sales by Leading Players |
EXHIBIT: Chinese Medium Duty Trucks Market (2023): Percentage Breakdown of Sales by Leading Players |
Market Analytics |
China Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
China Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
Bus Segment Scenario
|
EXHIBIT: Chinese Bus Market by Segment (2023): Percentage Breakdown of Value Sales for Large Bus, Light Bus, Medium Bus and Mini Bus |
EUROPE
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E) |
Europe Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - France, Germany, Italy, UK, Spain, Russia, Turkey and Rest of Europe Markets - Independent Analysis of Annual Sales in Units for Years 2023 through 2030 and % CAGR |
Europe Historic Review for Commercial Vehicles by Geographic Region - France, Germany, Italy, UK, Spain, Russia, Turkey and Rest of Europe Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
Europe 16-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for France, Germany, Italy, UK, Spain, Russia, Turkey and Rest of Europe Markets for Years 2014, 2024 & 2030 |
FRANCE
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E) |
France Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
France Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
GERMANY
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E) |
ELCVs Gain Momentum Amid Stringent Regulations |
Germany Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Germany Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
ITALY
|
Italy Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Italy Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
UNITED KINGDOM
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E) |
UK Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
UK Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
SPAIN
|
Spain Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Spain Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
RUSSIA
|
Russia Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Russia Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
TURKEY
|
Turkey Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Turkey Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
REST OF EUROPE
|
Rest of Europe Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Rest of Europe Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
ASIA-PACIFIC
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E) |
Market Overview |
Asia-Pacific Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Units for Years 2023 through 2030 and % CAGR |
Asia-Pacific Historic Review for Commercial Vehicles by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
Asia-Pacific 16-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030 |
AUSTRALIA
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E) |
Australia Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Australia Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
INDIA
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E) |
Market Overview |
Highway Development Programs Favor Growth |
Hybrid & Electric CVs to Expand Market |
Regulations to Drive Technological Innovations |
Competitive Scenario |
Stiff Competition from Foreign Manufacturers |
EXHIBIT: Indian Commercial Vehicles Market (2023): Percentage Breakdown of Production by Leading Players |
EXHIBIT: Indian Commercial Vehicles Market (2023): Percentage Breakdown of Volume Sales by Leading Players |
EXHIBIT: Indian Medium & Heavy Trucks Market (2023): Percentage Breakdown of Sales by Company |
EXHIBIT: Indian Commercial Vehicle Market (2023): Percentage Share Breakdown of Light Commercial Vehicle (Goods Transport) by Company |
Market Analytics |
India Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
India Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
SOUTH KOREA
|
South Korea Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
South Korea Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
REST OF ASIA-PACIFIC
|
Thailand |
Rest of Asia-Pacific Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Rest of Asia-Pacific Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
LATIN AMERICA
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E) |
Market Overview |
Latin America Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in Units for Years 2023 through 2030 and % CAGR |
Latin America Historic Review for Commercial Vehicles by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
Latin America 16-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2014, 2024 & 2030 |
ARGENTINA
|
Argentina Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Argentina Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
BRAZIL
|
Market Overview |
EXHHIBIT: Leading Truck Brands in Brazil based on Number of Registrations: 2023 |
Market Analytics |
Brazil Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Brazil Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
MEXICO
|
Mexico Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Mexico Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
REST OF LATIN AMERICA
|
Rest of Latin America Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Rest of Latin America Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
MIDDLE EAST
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E) |
Middle East Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in Units for Years 2023 through 2030 and % CAGR |
Middle East Historic Review for Commercial Vehicles by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
Middle East 16-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2014, 2024 & 2030 |
IRAN
|
Iran Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Iran Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
ISRAEL
|
Israel Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Israel Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
SAUDI ARABIA
|
Saudi Arabia Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Saudi Arabia Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
UNITED ARAB EMIRATES
|
UAE Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
UAE Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
REST OF MIDDLE EAST
|
Rest of Middle East Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Rest of Middle East Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
AFRICA
|
Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E) |
Africa Recent Past, Current & Future Analysis for Commercial Vehicles by Segment - Commercial Vehicles - Independent Analysis of Annual Sales in Units for the Years 2023 through 2030 and % CAGR |
Africa Historic Review for Commercial Vehicles by Segment - Commercial Vehicles Markets - Independent Analysis of Annual Sales in Units for Years 2014 through 2022 and % CAGR |
|
|