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Global Commercial Vehicles Market Research Report 2024
Synopsis
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.
The global Commercial Vehicles market was valued at US$ 922760 million in 2023 and is anticipated to reach US$ 1063820 million by 2030, witnessing a CAGR of 1.4% during the forecast period 2024-2030.
Global core commercial vehicles manufacturers include FootJoy, Toyota, Ford etc.The top 5 companies hold a share about 30%.North America is the largest market, with a share about 32%, followed by Europe and China with the share about 30% and 18%.In terms of product, light commercial vehicle is the largest segment, with a share over 68%. And in terms of application, the largest application is transportation and logistics, followed by construction.
This report aims to provide a comprehensive presentation of the global market for Commercial Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Commercial Vehicles.
Report Scope
The Commercial Vehicles market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Commercial Vehicles market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Commercial Vehicles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Light Commercial Vehicle
Medium Duty/Heavy Duty Vehicle
Buses & Coaches
Segment by Application
Transportation and Logistics
Construction
Public Transit
Others
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Commercial Vehicles manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Commercial Vehicles by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Commercial Vehicles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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.
The global Commercial Vehicles market was valued at US$ 922760 million in 2023 and is anticipated to reach US$ 1063820 million by 2030, witnessing a CAGR of 1.4% during the forecast period 2024-2030.
Global core commercial vehicles manufacturers include FootJoy, Toyota, Ford etc.The top 5 companies hold a share about 30%.North America is the largest market, with a share about 32%, followed by Europe and China with the share about 30% and 18%.In terms of product, light commercial vehicle is the largest segment, with a share over 68%. And in terms of application, the largest application is transportation and logistics, followed by construction.
This report aims to provide a comprehensive presentation of the global market for Commercial Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Commercial Vehicles.
Report Scope
The Commercial Vehicles market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Commercial Vehicles market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Commercial Vehicles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Light Commercial Vehicle
Medium Duty/Heavy Duty Vehicle
Buses & Coaches
Segment by Application
Transportation and Logistics
Construction
Public Transit
Others
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Commercial Vehicles manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Commercial Vehicles by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Commercial Vehicles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Commercial Vehicles Market Overview
1.1 Product Definition
1.2 Commercial Vehicles Segment by Type
1.2.1 Global Commercial Vehicles Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Light Commercial Vehicle
1.2.3 Medium Duty/Heavy Duty Vehicle
1.2.4 Buses & Coaches
1.3 Commercial Vehicles Segment by Application
1.3.1 Global Commercial Vehicles Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Transportation and Logistics
1.3.3 Construction
1.3.4 Public Transit
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Commercial Vehicles Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Commercial Vehicles Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Commercial Vehicles Production Estimates and Forecasts (2019-2030)
1.4.4 Global Commercial Vehicles Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Commercial Vehicles Production Market Share by Manufacturers (2019-2024)
2.2 Global Commercial Vehicles Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Commercial Vehicles, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Commercial Vehicles Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Commercial Vehicles Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Commercial Vehicles, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Commercial Vehicles, Product Offered and Application
2.8 Global Key Manufacturers of Commercial Vehicles, Date of Enter into This Industry
2.9 Commercial Vehicles Market Competitive Situation and Trends
2.9.1 Commercial Vehicles Market Concentration Rate
2.9.2 Global 5 and 10 Largest Commercial Vehicles Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Commercial Vehicles Production by Region
3.1 Global Commercial Vehicles Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Commercial Vehicles Production Value by Region (2019-2030)
3.2.1 Global Commercial Vehicles Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Commercial Vehicles by Region (2025-2030)
3.3 Global Commercial Vehicles Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Commercial Vehicles Production by Region (2019-2030)
3.4.1 Global Commercial Vehicles Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Commercial Vehicles by Region (2025-2030)
3.5 Global Commercial Vehicles Market Price Analysis by Region (2019-2024)
3.6 Global Commercial Vehicles Production and Value, Year-over-Year Growth
3.6.1 North America Commercial Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Commercial Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Commercial Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Commercial Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Commercial Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Commercial Vehicles Production Value Estimates and Forecasts (2019-2030)
4 Commercial Vehicles Consumption by Region
4.1 Global Commercial Vehicles Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Commercial Vehicles Consumption by Region (2019-2030)
4.2.1 Global Commercial Vehicles Consumption by Region (2019-2024)
4.2.2 Global Commercial Vehicles Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Commercial Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Commercial Vehicles Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Commercial Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Commercial Vehicles Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Commercial Vehicles Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Commercial Vehicles Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Commercial Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Commercial Vehicles Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Commercial Vehicles Production by Type (2019-2030)
5.1.1 Global Commercial Vehicles Production by Type (2019-2024)
5.1.2 Global Commercial Vehicles Production by Type (2025-2030)
5.1.3 Global Commercial Vehicles Production Market Share by Type (2019-2030)
5.2 Global Commercial Vehicles Production Value by Type (2019-2030)
5.2.1 Global Commercial Vehicles Production Value by Type (2019-2024)
5.2.2 Global Commercial Vehicles Production Value by Type (2025-2030)
5.2.3 Global Commercial Vehicles Production Value Market Share by Type (2019-2030)
5.3 Global Commercial Vehicles Price by Type (2019-2030)
6 Segment by Application
6.1 Global Commercial Vehicles Production by Application (2019-2030)
6.1.1 Global Commercial Vehicles Production by Application (2019-2024)
6.1.2 Global Commercial Vehicles Production by Application (2025-2030)
6.1.3 Global Commercial Vehicles Production Market Share by Application (2019-2030)
6.2 Global Commercial Vehicles Production Value by Application (2019-2030)
6.2.1 Global Commercial Vehicles Production Value by Application (2019-2024)
6.2.2 Global Commercial Vehicles Production Value by Application (2025-2030)
6.2.3 Global Commercial Vehicles Production Value Market Share by Application (2019-2030)
6.3 Global Commercial Vehicles Price by Application (2019-2030)
7 Key Companies Profiled
7.1 GM
7.1.1 GM Commercial Vehicles Corporation Information
7.1.2 GM Commercial Vehicles Product Portfolio
7.1.3 GM Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.1.4 GM Main Business and Markets Served
7.1.5 GM Recent Developments/Updates
7.2 Toyota
7.2.1 Toyota Commercial Vehicles Corporation Information
7.2.2 Toyota Commercial Vehicles Product Portfolio
7.2.3 Toyota Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Toyota Main Business and Markets Served
7.2.5 Toyota Recent Developments/Updates
7.3 Ford
7.3.1 Ford Commercial Vehicles Corporation Information
7.3.2 Ford Commercial Vehicles Product Portfolio
7.3.3 Ford Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Ford Main Business and Markets Served
7.3.5 Ford Recent Developments/Updates
7.4 Daimler
7.4.1 Daimler Commercial Vehicles Corporation Information
7.4.2 Daimler Commercial Vehicles Product Portfolio
7.4.3 Daimler Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Daimler Main Business and Markets Served
7.4.5 Daimler Recent Developments/Updates
7.5 Volvo
7.5.1 Volvo Commercial Vehicles Corporation Information
7.5.2 Volvo Commercial Vehicles Product Portfolio
7.5.3 Volvo Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Volvo Main Business and Markets Served
7.5.5 Volvo Recent Developments/Updates
7.6 Stellantis
7.6.1 Stellantis Commercial Vehicles Corporation Information
7.6.2 Stellantis Commercial Vehicles Product Portfolio
7.6.3 Stellantis Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Stellantis Main Business and Markets Served
7.6.5 Stellantis Recent Developments/Updates
7.7 PACCAR
7.7.1 PACCAR Commercial Vehicles Corporation Information
7.7.2 PACCAR Commercial Vehicles Product Portfolio
7.7.3 PACCAR Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.7.4 PACCAR Main Business and Markets Served
7.7.5 PACCAR Recent Developments/Updates
7.8 Faw Jiefang Group
7.8.1 Faw Jiefang Group Commercial Vehicles Corporation Information
7.8.2 Faw Jiefang Group Commercial Vehicles Product Portfolio
7.8.3 Faw Jiefang Group Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Faw Jiefang Group Main Business and Markets Served
7.7.5 Faw Jiefang Group Recent Developments/Updates
7.9 Man Truck & bus
7.9.1 Man Truck & bus Commercial Vehicles Corporation Information
7.9.2 Man Truck & bus Commercial Vehicles Product Portfolio
7.9.3 Man Truck & bus Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Man Truck & bus Main Business and Markets Served
7.9.5 Man Truck & bus Recent Developments/Updates
7.10 Scania
7.10.1 Scania Commercial Vehicles Corporation Information
7.10.2 Scania Commercial Vehicles Product Portfolio
7.10.3 Scania Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Scania Main Business and Markets Served
7.10.5 Scania Recent Developments/Updates
7.11 Iveco
7.11.1 Iveco Commercial Vehicles Corporation Information
7.11.2 Iveco Commercial Vehicles Product Portfolio
7.11.3 Iveco Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Iveco Main Business and Markets Served
7.11.5 Iveco Recent Developments/Updates
7.12 Sinotruck
7.12.1 Sinotruck Commercial Vehicles Corporation Information
7.12.2 Sinotruck Commercial Vehicles Product Portfolio
7.12.3 Sinotruck Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Sinotruck Main Business and Markets Served
7.12.5 Sinotruck Recent Developments/Updates
7.13 Shaanxi Heavy Duty Automobile
7.13.1 Shaanxi Heavy Duty Automobile Commercial Vehicles Corporation Information
7.13.2 Shaanxi Heavy Duty Automobile Commercial Vehicles Product Portfolio
7.13.3 Shaanxi Heavy Duty Automobile Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Shaanxi Heavy Duty Automobile Main Business and Markets Served
7.13.5 Shaanxi Heavy Duty Automobile Recent Developments/Updates
7.14 Isuzu Motors
7.14.1 Isuzu Motors Commercial Vehicles Corporation Information
7.14.2 Isuzu Motors Commercial Vehicles Product Portfolio
7.14.3 Isuzu Motors Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Isuzu Motors Main Business and Markets Served
7.14.5 Isuzu Motors Recent Developments/Updates
7.15 Navistar
7.15.1 Navistar Commercial Vehicles Corporation Information
7.15.2 Navistar Commercial Vehicles Product Portfolio
7.15.3 Navistar Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Navistar Main Business and Markets Served
7.15.5 Navistar Recent Developments/Updates
7.16 Tata Motors
7.16.1 Tata Motors Commercial Vehicles Corporation Information
7.16.2 Tata Motors Commercial Vehicles Product Portfolio
7.16.3 Tata Motors Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Tata Motors Main Business and Markets Served
7.16.5 Tata Motors Recent Developments/Updates
7.17 Yutong
7.17.1 Yutong Commercial Vehicles Corporation Information
7.17.2 Yutong Commercial Vehicles Product Portfolio
7.17.3 Yutong Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Yutong Main Business and Markets Served
7.17.5 Yutong Recent Developments/Updates
7.18 BYD
7.18.1 BYD Commercial Vehicles Corporation Information
7.18.2 BYD Commercial Vehicles Product Portfolio
7.18.3 BYD Commercial Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.18.4 BYD Main Business and Markets Served
7.18.5 BYD Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Commercial Vehicles Industry Chain Analysis
8.2 Commercial Vehicles Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Commercial Vehicles Production Mode & Process
8.4 Commercial Vehicles Sales and Marketing
8.4.1 Commercial Vehicles Sales Channels
8.4.2 Commercial Vehicles Distributors
8.5 Commercial Vehicles Customers
9 Commercial Vehicles Market Dynamics
9.1 Commercial Vehicles Industry Trends
9.2 Commercial Vehicles Market Drivers
9.3 Commercial Vehicles Market Challenges
9.4 Commercial Vehicles Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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