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Commercial Vehicles Market By Product Type (Light Commercial Vehicles, Heavy Commercial Vehicles, Buses), By End-Use (Industrial, Logistics, Passenger Transport, Mining & Construction), By Engine Type (Gasoline, Diesel, Electric, Natural Gas, Hybrid) – Growth, Future Prospects And Competitive Analysis, 2019 – 2027

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Growing Logistics Industry to Boost the Demand for Global Commercial Vehicles Market Worldwide

In 2018, the global commercial vehicles market was estimated at US$ 1.05 Tn and was expected to grow at a CAGR of 6.2% throughout the forecast period from 2019 to 2027. The major key factors for global commercial vehicle market growth are the development of the worldwide economy, expansion of the logistics industry, and improved road infrastructure globally. As per OICA, around 5% more vehicles were sold in 2018 as compared to 2017. In addition, the penetration of e-commerce and rising infrastructural development worldwide are key factors driving the growth of the global commercial vehicles market. As a result of the above-mentioned factors, the global commercial vehicles market will show significant growth during the forecast period.

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Market Synopsis

Buses Segment to be the Fastest Growing Segment

Based on product type, the global commercial vehicles market is segmented into light commercial vehicles, heavy commercial vehicles, and buses. The global commercial vehicles market was led by the light commercial vehicles segment, with a revenue contribution of around 70% in 2018. The light commercial vehicles segment has its dominance owing to its benefits, such as dynamic nature, cost-effectiveness, and reduced emissions. On the other flip, the buses segment will be the fastest growing segment during the forecast period. Growth in the tourism industry and cost-effectiveness are the major reasons for growth for the segment. Thus, we expect that buses segment will be the fastest growing segment across the forecast period.

The Asia Pacific will be the Fastest Growing Region throughout the Forecast Period.

North America was the largest market by value and volume for global commercial vehicles in 2018. The region accounted for more than 1/3rd of the worldwide revenue and around 1/2 of the volume share in the same year. The dominance is owing to infrastructure development and expansion of the e-commerce industry. Furthermore, we expect the Asia Pacific to be the fastest-growing region during the forecast period. The Asia Pacific will show the fastest growth owing to significant growth in the logistics industry, manufacturing industry, and increased infrastructure spending by the government. As per OICA, in 2018, Asia Pacific registered a nearly 4% increase in commercial vehicle sales compared to 2017. Thus, we expect the Asia Pacific region to be the fastest-growing region throughout the forecast period.

Some of the prominent players operating in the global commercial vehicles market include Daimler AG, Tata Motors, Volkswagen AG, Ashok Leyland, Volvo Car Corporation, General Motors, Fiat Chrysler Automobiles N.V., China National Heavy Duty Truck Group Co., Ltd., PACCAR Inc., IZUSU Motors Ltd., Ford Motor Company, JAC Motors, Toyota Motor Corporation, among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The global commercial vehicles market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global commercial vehicles market based on product type, end-use, engine type, and geography.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global CV Market Snapshot
2.2. Global CV Market, By Product Type, 2018 (US$ Tn) (Units)
2.3. Global CV Market, By End-use, 2018 (US$ Tn) (Units)
2.4. Global CV Market, By Engine Type, 2018 (US$ Tn) (Units)
2.5. Global CV Market, By Geography, 2018 (US$ Tn) (Units)

3. Global Commercial Vehicles (CV) Market Analysis
3.1. Global CV Market Overview
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Challenges
3.3. Attractive Investment Proposition, By Geography, 2018
3.4. Market Positioning of Key Industry Participants
3.4.1. Major Strategies Adopted

4. Global Commercial Vehicles (CV) Market Value, By Product Type , 2017 – 2027 (US$ Tn) (Units)
4.1. Market Analysis
4.2. Light CV
4.3. Heavy CV
4.4. Buses

5. Global Commercial Vehicles (CV) Market Value, By End-use , 2017 – 2027 (US$ Tn) (Units)
5.1. Market Analysis
5.2. Industrial
5.3. Logistics
5.4. Passenger Transport
5.5. Mining & Construction

6. Global Commercial Vehicles (CV) Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
6.1. Market Analysis
6.2. Gasoline
6.3. Diesel
6.4. Electric
6.5. Natural Gas
6.6. Hybrid
6.6.1. Diesel + Electric
6.6.2. Diesel + CNG
6.6.3. Gasoline + CNG

7. North America Commercial Vehicles (CV) Market Analysis, 2017 – 2027 (US$ Tn) (Units)
7.1. North America CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
7.1.1. Light CV
7.1.2. Heavy CV
7.1.3. Buses
7.2. North America CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
7.2.1. Industrial
7.2.2. Logistics
7.2.3. Passenger Transport
7.2.4. Mining & Construction
7.3. North America CV Market Value, Engine Type, 2017 – 2027 (US$ Tn) (Units)
7.3.1. Gasoline
7.3.2. Diesel
7.3.3. Electric
7.3.4. Natural Gas
7.3.5. Hybrid
7.3.5.1. Diesel + Electric
7.3.5.2. Diesel + CNG
7.3.5.3. Gasoline + CNG
7.4. North America CV Market Value, By Country, 2017 – 2027 (US$ Tn) (Units)
7.4.1. U.S.
7.4.1.1. U.S. CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
7.4.1.2. U.S. CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
7.4.1.3. U.S. CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
7.4.2. Rest of North America
7.4.2.1. Rest of North America CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
7.4.2.2. Rest of North America CV Market Value, By End-use, 2017– 2027 (US$ Tn) (Units)
7.4.2.3. Rest of North America CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)

8. Europe Commercial Vehicles (CV) Market Analysis, 2017 – 2027 (US$ Tn) (Units)
8.1. Europe CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
8.1.1. Light CV
8.1.2. Heavy CV
8.1.3. Buses
8.2. Europe CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
8.2.1. Industrial
8.2.2. Logistics
8.2.3. Passenger Transport
8.2.4. Mining & Construction
8.3. Europe CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
8.3.1. Gasoline
8.3.2. Diesel
8.3.3. Electric
8.3.4. Natural Gas
8.3.5. Hybrid
8.3.5.1. Diesel + Electric
8.3.5.2. Diesel + CNG
8.3.5.3. Gasoline + CNG
8.4. Europe CV Market Value, By Region, 2017 – 2027 (US$ Tn) (Units)
8.4.1. U.K.
8.4.1.1. U.K. CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
8.4.1.2. U.K. CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
8.4.1.3. U.K. CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
8.4.2. Germany
8.4.2.1. Germany CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
8.4.2.2. Germany CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
8.4.2.3. Germany CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
8.4.3. France
8.4.3.1. France CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
8.4.3.2. France CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
8.4.3.3. France CV Market Value, By Engine Type, 2017– 2027 (US$ Tn) (Units)
8.4.4. Rest of Europe
8.4.4.1. Rest of Europe CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
8.4.4.2. Rest of Europe CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
8.4.4.3. Rest of Europe CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)

9. Asia Pacific Commercial Vehicles (CV) Market Analysis, 2017 – 2027 (US$ Tn) (Units)
9.1. Asia Pacific CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
9.1.1. Light CV
9.1.2. Heavy CV
9.1.3. Buses
9.2. Asia Pacific CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
9.2.1. Industrial
9.2.2. Logistics
9.2.3. Passenger Transport
9.2.4. Mining & Construction
9.3. Asia Pacific CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
9.3.1. Gasoline
9.3.2. Diesel
9.3.3. Electric
9.3.4. Natural Gas
9.3.5. Hybrid
9.3.5.1. Diesel + Electric
9.3.5.2. Diesel + CNG
9.3.5.3. Gasoline + CNG
9.4. Asia Pacific CV Market Value, By Country, 2017 – 2027 (US$ Tn) (Units)
9.4.1. Japan
9.4.1.1. Japan CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
9.4.1.2. Japan CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
9.4.1.3. Japan CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
9.4.2. China
9.4.2.1. China CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
9.4.2.2. China CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
9.4.2.3. China CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
9.4.3. India
9.4.3.1. India CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
9.4.3.2. India CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
9.4.3.3. India CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
9.4.4. Rest of Asia Pacific
9.4.4.1. Rest of Asia Pacific CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
9.4.4.2. Rest of Asia Pacific CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
9.4.4.3. Rest of Asia Pacific CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)

10. Rest of World Commercial Vehicles (CV) Market Analysis, 2017 – 2027 (US$ Tn) (Units)
10.1. Rest of World CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
10.1.1. Light CV
10.1.2. Heavy CV
10.1.3. Buses
10.2. Rest of World CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
10.2.1. Industrial
10.2.2. Logistics
10.2.3. Passenger Transport
10.2.4. Mining & Construction
10.3. Rest of World CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
10.3.1. Gasoline
10.3.2. Diesel
10.3.3. Electric
10.3.4. Natural Gas
10.3.5. Hybrid
10.3.5.1. Diesel + Electric
10.3.5.2. Diesel + CNG
10.3.5.3. Gasoline + CNG
10.4. Rest of World CV Market Value, By Region, 2017 – 2027 (US$ Tn) (Units)
10.4.1. Latin America
10.4.1.1. Latin America CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
10.4.1.2. Latin America CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
10.4.1.3. Latin America CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
10.4.2. Middle-East and Africa
10.4.2.1. Middle-East and Africa CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
10.4.2.2. Middle-East and Africa CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
10.4.2.3. Latin America CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)

11. Company Profiles
11.1 Daimler AG
11.2 Tata Motors
11.3 Volkswagen AG
11.4 Ashok Leyland
11.5 Volvo Car Corporation
11.6 General Motors
11.7 Fiat Chrysler Automobiles N.V.
11.8 China National Heavy Duty Truck Group Co., Ltd.
11.9 PACCAR Inc.
11.10 IZUSU Motors Ltd.
11.11 Ford Motor Company
11.12 JAC Motors
11.13 Toyota Motor Corporation

List of Figures

FIG. 1 Global Commercial Vehicles (CV): Market Segmentation
FIG. 2 Global CV Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global CV Market, By Product Type, 2018 (US$ Tn) (Units)
FIG. 5 Global CV Market, By End-use, 2018 (US$ Tn) (Units)
FIG. 6 Global CV Market, By Engine Type, 2018 (US$ Tn) (Units)
FIG. 7 Global CV Market, By Geography, 2018 (US$ Tn) (Units)
FIG. 8 Global CV Market Value and Growth, 2018 – 2027 , (US$ Bn and % Y-o-Y)
FIG. 9 Market Positioning of Key Industry Participants, 2018
FIG. 10 Global CV Market Value Contribution, By Product Type, 2018 & 2027 (Value %)
FIG. 11 CV Light CV Market Value and Growth, 2017 – 2027 , (US$ Tn) (Units)
FIG. 12 CV Heavy CV Market Value and Growth, 2017 – 2027 , (US$ Tn) (Units)
FIG. 13 CV Buses Market Value and Growth, 2017 – 2027 , (US$ Tn) (Units)
FIG. 14 Global CV Market Value Contribution, By End-use, 2018 & 2027 (Value %)
FIG. 15 Global CV Market Value & Growth for Industrial , 2017 – 2027 , (US$ Tn) (Units)
FIG. 16 Global CV Market Value & Growth for Logistics, 2017 – 2027 , (US$ Tn) (Units)
FIG. 17 Global CV Market Value & Growth for Passenger Transportation, 2017 – 2027 , (US$ Tn) (Units)
FIG. 18 Global CV Market Value & Growth for Mining & Construction, 2017 – 2027 , (US$ Tn) (Units)
FIG. 19 Global CV Market Value Contribution, By Engine Type, 2018 & 2027 (Value %)
FIG. 20 Global CV Market Value & Growth for Gasoline , 2017 – 2027 , (US$ Tn) (Units)
FIG. 21 Global CV Market Value & Growth for Diesel, 2017 – 2027 , (US$ Tn) (Units)
FIG. 22 Global CV Market Value & Growth for Electric, 2017 – 2027 , (US$ Tn) (Units)
FIG. 23 Global CV Market Value & Growth for Natural Gas, 2017 – 2027 , (US$ Tn) (Units)
FIG. 24 Global CV Market Value & Growth for Hybrid, 2017 – 2027 , (US$ Tn) (Units)
FIG. 25 North America CV Market Value and Growth, 2017 – 2027 , (US$ Tn) (Units) (Y-o-Y %)
FIG. 26 Europe CV Market Value and Growth, 2017 – 2027 , (US$ Tn) (Units) (Y-o-Y %)
FIG. 27 Asia Pacific CV Market Value and Growth, 2017 – 2027 , (US$ Tn) (Units) (Y-o-Y %)
FIG. 28 RoW CV Market Value and Growth, 2017– 2027, (US$ Tn) (Units) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Commercial Vehicles (CV) Market
TABLE 2 Evolution of CV
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 6 North America CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 7 North America CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 8 North America CV Market Value, By Country, 2017 – 2027 (US$ Tn) (Units)
TABLE 9 U.S. CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 10 U.S. CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 11 U.S. CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 12 Rest of North America CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 13 Rest of North America CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 14 Rest of North America CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 15 Europe CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 16 Europe CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 17 Europe CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 18 Europe CV Market Value, By Country, 2017 – 2027 (US$ Tn) (Units)
TABLE 19 U.K. CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 20 U.K. CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 21 U.K. CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 22 France CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 23 France CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 24 France CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 25 Germany CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 26 Germany CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 27 Germany CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 28 Rest of Europe CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 29 Rest of Europe CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 30 Rest of Europe CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 31 Asia Pacific CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 32 Asia Pacific CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 33 Asia Pacific CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 34 Asia Pacific CV Market Value, By Country, 2017 – 2027 (US$ Tn) (Units)
TABLE 35 China CV Market Value, By Product Type, 2017- 2027 (US$ Tn) (Units)
TABLE 36 China CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 37 China CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 38 Japan CV Market Value, By Product Type, 2017– 2027 (US$ Tn) (Units)
TABLE 39 Japan CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 40 Japan CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 41 India CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 42 India CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 43 India CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 44 Rest of Asia Pacific CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 45 Rest of Asia Pacifc CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 46 Rest of Asia Pacific CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 47 Rest of World CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 48 Rest of World CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 49 Rest of World CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 50 Rest of World CV Market Value, By Region, 2017 – 2027 (US$ Tn) (Units)
TABLE 51 Latin America CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 52 Latin America CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 53 Latin America CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 54 Middle-East and Africa CV Market Value, By Product Type, 2017 – 2027 (US$ Tn) (Units)
TABLE 55 Middle-East and Africa CV Market Value, By End-use, 2017 – 2027 (US$ Tn) (Units)
TABLE 56 Middle-East and Africa CV Market Value, By Engine Type, 2017 – 2027 (US$ Tn) (Units)

Frequently Asked Questions

What is the size of Commercial Vehicles Market?

The market for Commercial Vehicles is expected to reach US$ XX Bn by 2027.

What is the Commercial Vehicles Market CAGR?

The Commercial Vehicles market is expected to see significant CAGR growth over the coming years, at 6.2%.

What is the Forecast period considered for Commercial Vehicles Market?

The report is forecasted from 2019-2027.

What is the base year considered for Commercial Vehicles Market?

The base year of this report is 2018.

Who are the major players in this market?

Daimler AG, Tata Motors, Volkswagen AG, Ashok Leyland, Volvo Car Corporation, General Motors, Fiat Chrysler Automobiles N.V. are some of the major players in the global market.

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