Global Commercial Vehicles Market Report 2022-2026

0
48


DUBLIN, Sept. 23, 2022 /PRNewswire/ — The “Commercial Vehicles – Global Market Trajectory & Analytics” report has been added to  ResearchAndMarkets.com’s providing.

Global Commercial Vehicles Market to Reach 27.9 Million Units by 2026

The world marketplace for Commercial Vehicles estimated at 23.4 Million Units within the yr 2022, is projected to succeed in a revised dimension of 27.9 Million Units by 2026, rising at a CAGR of 4.4% over the evaluation interval. 

Growth within the business automobiles market is primarily pushed by availability of freight, and stage of transportation and logistics exercise, which in flip depends on financial development and well being of business, business, and industrial exercise. Government spending on infrastructure tasks comparable to energy technology, street constructions, mining, mega and good cities may even drive demand for a spread of business automobiles used for transportation in these segments.

Open commerce surroundings, tax insurance policies in the direction of automobile sector, availability of shopper finance, fluctuation in change charges, various inflation ranges additionally affect the business`s development prospects. Other elements which are crucial to business automobiles market embrace stringent environmental legal guidelines, globalization of auto ideas, transportation infrastructure in place and know-how developments comparable to superior driver help techniques for passenger/car security and accident prevention.

The demand for vehicles, significantly business automobiles, can also be extremely influenced by fluctuations in worldwide oil costs. This phenomenon is especially distinguished in growing nations. The demand for gentle business automobiles phase stays dominant out there as a consequence of versatile efficiency of such automobiles in diversified situations, ease-of-maintenance, consolation and cost-effectiveness.

Growing ranges of financial exercise, rising street transportation, and restoration in world manufacturing & commerce are resulting in elevated shopper spending on vehicles. Recovery in business spending within the yr 2021 & past will convey again development fundamentals at present pressured into hiatus by the virus led disruption and financial recession.

See also  Tax cryptos at par with equity markets: Ashish Singhal, Co-founder and CEO, CoinSwitch

Sales of business automobiles are witnessing a gradual enhance in volumes in sure nations pushed by an uptick in demand from building, agriculture, and mining sectors. In addition, stock push and heavy reductions provided by business car producers are additionally contributing to a sure extent in the direction of the rise in quantity gross sales.

The U.S. Market is Estimated at 11 Million Units in 2022, While China is Forecast to Reach 5.7 Million Units by 2026

The Commercial Vehicles market within the U.S. is estimated at 11 Million Units within the yr 2022. China, the world’s second largest economy, is forecast to succeed in a projected market dimension of 5.7 Million Units by the yr 2026 trailing a CAGR of 6.5% over the evaluation interval. Among the opposite noteworthy geographic markets are Japan and Canada, every forecast to develop at 2.9% and three.2% respectively over the evaluation interval.

Within Europe, Germany is forecast to develop at roughly 3.4% CAGR. While the US continues to retain its standing as a number one business car manufacturing nation, the Asia-Pacific market is growing right into a area laden with large potential when it comes to manufacturing. China and India will proceed to be development engines for the market within the quick to medium time period interval, owing to very large demand for business automobiles and subsequent rise of their manufacturing in these nations.

What`s New for 2022?

  • Global competitiveness and key competitor share market shares
  • Market presence throughout a number of geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one yr
See also  Colleges, Universities, And Professional Schools Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Impact on Commercial Vehicles Market
  • CV Industry Likely to See Significant Changes in Post COVID Period
  • Rise in Uptake of Autonomous Vehicles & Truck Platooning
  • Telematics & Uptime Support
  • Commercial Vehicles: A Prelude
  • Disparity in Classification of CVs by Region
  • Categorization of Trucks primarily based on GVW
  • Categorization of Trucks primarily 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
  • Recent Market Activity
  • World Brands

2. FOCUS ON SELECT PLAYERS (Total 124 Featured)

  • AB Volvo
  • Ashok Leyland Limited
  • BYD
  • Daimler AG
  • Dongfeng Motor Corporation
  • Ford Motor Corporation
  • General Motors Company
  • Groupe Renault
  • Hino Motors, Ltd.
  • Hyundai Motor Company
  • Isuzu Commercial Truck of America, Inc.
  • Mitsubishi Fuso Truck of America, Inc.
  • Proterra
  • Scania AB
  • Tata Motors Ltd
  • Toyota (GB) PLC
  • VDL Groep
  • MAN SE
  • Yutong

3. MARKET TRENDS & DRIVERS

  • COVID-19 Galvanizes Electric Light Commercial Vehicles to Play 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
  • Focus on Smart Highway to Elevate the Image of Connected CV
  • The Growing Need to Bridge Infrastructure Gap Which is the Highest for Roadways Promises Robust Opportunity for Smart Highways
  • On-Road Safety Drives Business Case for Connected CV
  • Rising Average Vehicle Life Provides a Fertile Environment for New CV Purchases
  • Average Age of Trucks and Buses within the EU (in Years): 2016-2018
  • Trend Towards Low-Emission and Fuel Efficient Vehicles
  • Hybrid Commercial Vehicles within 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
See also  Dyninno Travel rebrands as Trevolution Group

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For extra details about this report go to https://www.researchandmarkets.com/r/n1ynwu

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected] 
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (exterior U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets



Source by [author_name]

LEAVE A REPLY

Please enter your comment!
Please enter your name here