Commercial Vehicle Market Size & Share by Fuel Type (Internal Combustion Engine (ICE), Electric Vehicles); Vehicle Type (Light Commercial, Heavy Commercial, Buses) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4429
  • Published Date: Aug 29, 2023
  • Report Format: PDF, PPT

Companies Dominating the Commercial Vehicle Landscape

    • Volvo Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Tata Motors Limited
    • Daimler Truck AG
    • Mahindra & Mahindra Limited
    • Paccat Inc.
    • Hino Motors Ltd.
    • Volkswagen AG
    • Scania CV AB
    • Robert Bosch GmbH
    • Ashok Leyland

Browse Key Market Insights with Data Illustration:


In The News

  • Volvo Group revealed an extended range for Volvo’s battery electric trucks, a new fully electric rear axle, which is spaced up for more batteries.
  • Tata Motors Limited unveiled an extensive and comprehensive range of 21 new commercial vehicles added to Tata Motors' established “Power of 6” benefit proposition to address specific usage and applications while delivering higher productivity and lower total cost of ownership. They were designed and engineered to cater to the evolving needs of cargo and people transport across segments and applications (TCO).

Author Credits:  Harshita Srivastava, Saima Khursheed

  • Report ID: 4429
  • Published Date: Aug 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing rate of urbanization and the rise in demand for light commercial vehicles are some of the major factors anticipated to drive the growth of the commercial vehicle market.

The market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Tata Motors Limited, Daimler Truck AG, Mahindra & Mahindra Limited, Paccat Inc., Hino Motors Ltd., Volkswagen AG, Scania CV AB, and others.

The light commercial vehicle segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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