The Asia Pacific Commercial Vehicles Market would witness market growth of 4.5% CAGR during the forecast period (2021-2027).
The growing number of construction and e-commerce operations raised the demand for material transportation, resulting in increased commercial vehicle sales. This is projected to boost the commercial vehicle market's growth in the near future. The growing number of construction and e-commerce operations has resulted in a rise in requirements for material transportation, which is expected to fuel the market's growth in the near future. Furthermore, the transition toward electric cars is likely to give prospects for growth in the market.
Some of the key trends of the regional market are rising environmental concerns (due to rising exhaust emissions), the implementation of strict standards for fuelling economy and stringent emissions, and increased government support in the form of subsidies and perks to increase the rate of adoption of electric vehicles and substituting heavy-duty diesel and gasoline-powered automobiles with zero-emission electric vehicles. China's One Belt, One Road strategy is a massive undertaking that aims to create a united market with regions all over the world by road, rail, and marine lines.
The China market dominated the Asia Pacific Commercial Vehicles Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $138.9 Billion by 2027. The Japan market is exhibiting a CAGR of 4% during (2021 - 2027). Additionally, The India market would experience a CAGR of 5.2% during (2021 - 2027).
Based on End User, the market is segmented into Logistics, Industrial, Mining & Construction, Passenger Transportation, and Others. Based on Type, the market is segmented into Light Commercial Vehicles (LCVs), Heavy Trucks and Buses & Coaches. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Commercial Vehicles Market is Projected to reach USD 1634.4 Billion by 2027, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tata Motors Limited, Toyota Motor Corporation, Mahindra & Mahindra Limited (Mahindra Group), Bosch Rexroth AG (Robert Bosch GmbH), Hyundai Motor Company, Volkswagen AG, Daimler AG, General Motor Co., Ford Motor Company, and Honda Motor Co. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Logistics
- Industrial
- Mining & Construction
- Passenger Transportation
- Others
By Type
- Light Commercial Vehicles (LCVs)
- Heavy Trucks
- Buses & Coaches
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Tata Motors Limited
- Toyota Motor Corporation
- Mahindra & Mahindra Limited (Mahindra Group)
- Bosch Rexroth AG (Robert Bosch GmbH)
- Hyundai Motor Company
- Volkswagen AG
- Daimler AG
- General Motor Co.
- Ford Motor Company
- Honda Motor Co. Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Commercial Vehicles Market, by End User
1.4.2 Asia Pacific Commercial Vehicles Market, by Type
1.4.3 Asia Pacific Commercial Vehicles Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Commercial Vehicles Market by End User
3.1 Asia Pacific Logistics Market by Country
3.2 Asia Pacific Industrial Market by Country
3.3 Asia Pacific Mining & Construction Market by Country
3.4 Asia Pacific Passenger Transportation Market by Country
3.5 Asia Pacific Other End User Market by Country
Chapter 4. Asia Pacific Commercial Vehicles Market by Type
4.1 Asia Pacific Light Commercial Vehicles (LCVs) Market by Country
4.2 Asia Pacific Heavy Trucks Market by Country
4.3 Asia Pacific Buses & Coaches Market by Country
Chapter 5. Asia Pacific Commercial Vehicles Market by Country
5.1 China Commercial Vehicles Market
5.1.1 China Commercial Vehicles Market by End User
5.1.2 China Commercial Vehicles Market by Type
5.2 Japan Commercial Vehicles Market
5.2.1 Japan Commercial Vehicles Market by End User
5.2.2 Japan Commercial Vehicles Market by Type
5.3 India Commercial Vehicles Market
5.3.1 India Commercial Vehicles Market by End User
5.3.2 India Commercial Vehicles Market by Type
5.4 South Korea Commercial Vehicles Market
5.4.1 South Korea Commercial Vehicles Market by End User
5.4.2 South Korea Commercial Vehicles Market by Type
5.5 Singapore Commercial Vehicles Market
5.5.1 Singapore Commercial Vehicles Market by End User
5.5.2 Singapore Commercial Vehicles Market by Type
5.6 Malaysia Commercial Vehicles Market
5.6.1 Malaysia Commercial Vehicles Market by End User
5.6.2 Malaysia Commercial Vehicles Market by Type
5.7 Rest of Asia Pacific Commercial Vehicles Market
5.7.1 Rest of Asia Pacific Commercial Vehicles Market by End User
5.7.2 Rest of Asia Pacific Commercial Vehicles Market by Type
Chapter 6. Company Profiles
6.1 Tata Motors Limited
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.2 Toyota Motor Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Collaborations, Partnerships and Agreements:
6.2.5.2 Acquisitions and Mergers:
6.2.6 SWOT Analysis
6.3 Mahindra & Mahindra Limited (Mahindra Group)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Collaborations, Partnerships and Agreements:
6.3.5.2 Product Launches and Product Expansions:
6.4 Bosch Rexroth AG (Robert Bosch GmbH)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expense
6.5 Hyundai Motor Company
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.5.5 Recent strategies and developments:
6.5.5.1 Acquisition and Mergers:
6.5.6 SWOT Analysis
6.6 Volkswagen AG
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 SWOT Analysis
6.7 Daimler AG
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expense
6.7.5 Recent strategies and developments:
6.7.5.1 Collaborations, partnerships and agreements:
6.7.6 SWOT Analysis
6.8 General Motors Co.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Product Launches and Product Expansions:
6.8.5.2 Acquisitions and Mergers:
6.8.6 SWOT Analysis
6.9 Ford Motor Company
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 SWOT Analysis
6.10. Honda Motor Co. Ltd.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expense
6.10.5 SWOT Analysis
TABLE 1 Asia Pacific Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 2 Asia Pacific Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 3 Asia Pacific Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 4 Asia Pacific Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 5 Asia Pacific Logistics Market by Country, 2017 - 2020, USD Billion
TABLE 6 Asia Pacific Logistics Market by Country, 2021 - 2027, USD Billion
TABLE 7 Asia Pacific Industrial Market by Country, 2017 - 2020, USD Billion
TABLE 8 Asia Pacific Industrial Market by Country, 2021 - 2027, USD Billion
TABLE 9 Asia Pacific Mining & Construction Market by Country, 2017 - 2020, USD Billion
TABLE 10 Asia Pacific Mining & Construction Market by Country, 2021 - 2027, USD Billion
TABLE 11 Asia Pacific Passenger Transportation Market by Country, 2017 - 2020, USD Billion
TABLE 12 Asia Pacific Passenger Transportation Market by Country, 2021 - 2027, USD Billion
TABLE 13 Asia Pacific Other End User Market by Country, 2017 - 2020, USD Billion
TABLE 14 Asia Pacific Other End User Market by Country, 2021 - 2027, USD Billion
TABLE 15 Asia Pacific Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 16 Asia Pacific Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 17 Asia Pacific Light Commercial Vehicles (LCVs) Market by Country, 2017 - 2020, USD Billion
TABLE 18 Asia Pacific Light Commercial Vehicles (LCVs) Market by Country, 2021 - 2027, USD Billion
TABLE 19 Asia Pacific Heavy Trucks Market by Country, 2017 - 2020, USD Billion
TABLE 20 Asia Pacific Heavy Trucks Market by Country, 2021 - 2027, USD Billion
TABLE 21 Asia Pacific Buses & Coaches Market by Country, 2017 - 2020, USD Billion
TABLE 22 Asia Pacific Buses & Coaches Market by Country, 2021 - 2027, USD Billion
TABLE 23 Asia Pacific Commercial Vehicles Market by Country, 2017 - 2020, USD Billion
TABLE 24 Asia Pacific Commercial Vehicles Market by Country, 2021 - 2027, USD Billion
TABLE 25 China Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 26 China Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 27 China Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 28 China Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 29 China Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 30 China Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 31 Japan Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 32 Japan Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 33 Japan Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 34 Japan Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 35 Japan Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 36 Japan Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 37 India Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 38 India Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 39 India Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 40 India Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 41 India Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 42 India Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 43 South Korea Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 44 South Korea Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 45 South Korea Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 46 South Korea Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 47 South Korea Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 48 South Korea Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 49 Singapore Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 50 Singapore Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 51 Singapore Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 52 Singapore Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 53 Singapore Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 54 Singapore Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 55 Malaysia Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 56 Malaysia Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 57 Malaysia Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 58 Malaysia Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 59 Malaysia Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 60 Malaysia Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 61 Rest of Asia Pacific Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 62 Rest of Asia Pacific Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 63 Rest of Asia Pacific Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 64 Rest of Asia Pacific Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 65 Rest of Asia Pacific Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 66 Rest of Asia Pacific Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 67 Key Information –Tata motors Limited
TABLE 68 key information – Toyota Motor Corporation
TABLE 69 key Information – Mahindra & Mahindra Limited
TABLE 70 Key Information – Bosch Rexroth AG
TABLE 71 key Information – Hyundai Motor Company
TABLE 72 key Information – Volkswagen AG
TABLE 73 key information – Daimler AG
TABLE 74 key Information – General Motors Co.
TABLE 75 key information – Ford Motor Company
TABLE 76 key Information – Honda Motor Co. Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Toyota Motor Corporation
FIG 3 SWOT ANALSYSIS: TOYOTA MOTOR CORPORATION
FIG 4 Recent strategies and developments: Mahindra & Mahindra Limited
FIG 5 SWOT Analysis: Hyundai Motor Company
FIG 6 Swot analysis: Volkswagen AG
FIG 7 SWOT ANALYSIS: DAIMLER AG
FIG 8 Recent strategies and developments: GENERAL MOTORS CO.
FIG 9 SWOT ANALYSIS: GENERAL MOTORS CO.
FIG 10 Swot analsyis: ford motor Company
FIG 11 SWOT ANALYSIS: HONDA MOTORS CO. LTD.