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Global Commercial Vehicles Market Size, Share & Industry Trends Analysis Report By End User, By Type, By Regional Outlook, Strategy, Challenges and Forecast, 2021 - 2027

Published Date : 28-Feb-2022

Pages: 185

Formats: PDF

The Global Commercial Vehicles Market size is expected to reach $1.6 Trillion by 2027, rising at a market growth of 4.5% CAGR during the forecast period.

Commercial vehicles are four-wheeled vehicles used for goods transportation. The weight difference between light vehicles and heavy trucks is expressed in tonnes (metric tonnes). Based on national and professional norms, this limit ranges between 3.5 and 7 tonnes. Buses and coaches are vehicles that have more than 8 seats along with the driver's seat and a maximum mass larger than that of light automobiles (range from 3.5 to 7 tonnes).

Progress in the technology of electric and semi-autonomous commercial vehicles would open new growth avenues for the market. In addition, the use of Electric Cars (EVs) for business transportation is predicted to grow gradually as a result of the various advantages they have over ICE vehicles.

Commercial Vehicles Market Size - Global Opportunities and Trends Analysis Report 2017-2027

COVID-19 Impact Analysis

The COVID-19 pandemic caused an extraordinary drop in sales of cars in early 2020, impacting the automotive industry. To avoid the spread of the coronavirus, transportation, and manufacturing operations, as well as public transit, have been suspended. Because of the coronavirus's growing influence on the commercial automobile sector, market demand and sales may fall dramatically. People are becoming increasingly anxious about the spread of the coronavirus, and many are wary of taking public transit. It is also anticipated that this may hinder the market growth.

Market Growth Factors:

Rapid Industrialization and adoption of Advanced Technologies and Electrification

The key causes for the considerable increase of good transport vehicles, globally, are fast population growth, rapid urbanization, the development of the industrial sector, and infrastructure development. The growth of the industrial sector, particularly in developing nations, is creating a great number of opportunities pertaining to jobs in a variety of industries, including mining, construction, and tourism. As a result, an increase in work possibilities leads to an increase of commuters, which has a significant influence on the requirement of public transportation solutions.

Thriving automotive industry

Due to technical improvements and the introduction of automobiles with efficient fuel consumption technologies, the automotive sector has experienced tremendous development in recent years. Several businesses, like Ashok Leyland and Tata Motors, have been designing and introducing innovative commercial vehicles to various regions throughout the world. For example, Ashok Leyland intended to launch a new line of light commercial vehicles (LCVs) in September 2020, with the goal of reducing the company's exposure to future downturns.

Marketing Restraining Factor:

Low Battery capacity in Electric Commercial Vehicles

The batteries in today's electric vehicles have low capacity and can only travel a short distance per charge. The performance and service life of batteries have a direct impact on electric vehicle performance and cost. Electric vehicles are now powered by lead-acid, nickel-cadmium, nickel-metal hydride, and lithium-ion batteries. Because lithium-ion batteries have a longer life span than lead-acid, nickel-cadmium, and nickel-metal hydride batteries, they are gradually replacing them in electric vehicles. Lithium-ion batteries, on the other hand, have insufficient capacity to power commercial vehicles. Batteries' charging-discharging performance deteriorates dramatically in cold temperatures, making it difficult for them to produce maximum power.

Commercial Vehicles Market Share and Industry Analysis Report 2020

Type Outlook

Based on Type, the market is segmented into Light Commercial Vehicles (LCVs), Heavy Trucks and Buses & Coaches. The buses and coaches segment procured promising revenue share of the overall commercial vehicles in 2020. The segment's expansion can be attributable to the rising usage of buses and coaches in the healthcare industry and tourism sectors.

End User Outlook

Based on End User, the market is segmented into Logistics, Industrial, Mining & Construction, Passenger Transportation, and Others. The passenger transportation segment held a significant revenue share of the overall Commercial Vehicles market in 2020. The increased use of public transit is expected to fuel demand for commercial cars.

Commercial Vehicles Market Report Coverage
Report Attribute Details
Market size value in 2020 USD 1247.5 Billion
Market size forecast in 2027 USD 1634.4 Billion
Base Year 2020
Historical Period 2017 to 2019
Forecast Period 2021 to 2027
Revenue Growth Rate CAGR of 4.5% from 2021 to 2027
Number of Pages 185
Number of Tables 280
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling
Segments covered Type, End User, Region
Country scope US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Growth Drivers
  • Rapid Industrialization and adoption of Advanced Technologies and Electrification
  • Thriving automotive industry
Restraints
  • Low Battery capacity in Electric Commercial Vehicles

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, the Asia Pacific regional market collected a significant revenue share of the commercial vehicles market. This is due to the rising demand for warehousing, transportation, and unified logistics.

Free Valuable Insights: Global Commercial Vehicles Market size to reach USD 1634.4 Billion by 2027

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.

Recent Strategies Deployed in Commercial Vehicles Market

» Product Launches and Product Expansions:

  • Nov-2021: Mahindra & Mahindra introduced 16 EV models across SUVs, LCVs. By this launch, the company aimed to strengthen its leading position in India's electric mobility segment.
  • Oct-2021: Tata Motors launched 21 commercial vehicles across all segments. By this launch, the company aimed to fulfill its commitment to supporting the economic growth of India. Through this launch, the company aimed to maintain its leading position in the commercial vehicle segment by delivering a superior value proposition to consumers by introducing smart, future-ready services and products.
  • Sep-2021: GM’s BrightDrop unveiled a smaller van for Verizon. The van would have more than 400 cubic feet of cargo space and measure just under 20 feet overall in length. By this launch, the company aimed to provide a vehicle that is perfect for work in crowded spaces such as urban areas, mainly in the online grocery delivery & Telcom maintenance segments.
  • Aug-2021: GM launched a new electric van and truck for commercial consumers. From this acquisition, the company aimed to add a full-size battery-electric cargo van for Chevrolet and a medium-duty truck for service and utility vehicles. The medium-duty truck would be offered as a battery-electric vehicle with GM’s Ultium Cells also its Hydrotec fuel cells.

» Partnerships, Collaborations and Agreements:

  • Dec-2021: Mahindra Group entered into a partnership with Reliance, an Indian multinational conglomerate. From this partnership, the companies aimed to speed up EV adoption in India with high-performance and swappable batteries which would help in dispelling range anxiety. In addition, the memorandum of understanding also covers evaluating EV charging solutions by Jio-bp for Mahindra electric vehicles which include electric three and four-wheelers, quadricycles, and electric small commercial vehicles.
  • Mar-2021: Toyota came into partnership with Isuzu, a Japanese commercial vehicle and diesel engine manufacturing company. Under this partnership, the companies aimed to design small commercial truck which includes vehicles & fuel cell technologies together in the future. In addition, the launch would grow the competition for traditional automakers.
  • Feb-2021: Daimler partnered with Cummins, a global power leader, and independent engine manufacturer. Under this partnership, Cummins would invest in the development of medium-duty engine systems for Daimler trucks and Buses.

» Acquisitions and Mergers:

  • Jun-2021: Hyundai Motor Group took over Boston Dynamics, an American engineering and robotics design company from SoftBank. Through this acquisition, the company aimed to speed up the development of cutting-edge robotics featuring the latest mobility, manipulation, and vision capabilities. By using Boston Dynamics, the company would create a robotic value chain, from robot component manufacturing to smart logistics solutions.
  • Apr-2021: Toyota took over the autonomous vehicle division of Lyft, an American company. In addition, Toyota also signed an agreement to use the system & fleet data of Lyft. By this acquisition, the company aimed to put together the resources, infrastructure, and people which would help the company to transform the world and live in through mobility technologies that would bring about a happier, safer future.
  • Sep-2020: GM completed the acquisition of an 11 percent stake in Nikola, a leading manufacturer of heavy-duty commercial battery-electric vehicles. Under this acquisition, GM would help Nikola in manufacturing its battery-electric and hydrogen fuel cell vehicles which include the Badger pickup truck.

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 Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

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 Global Commercial Vehicles Market, by End User
1.4.2 Global Commercial Vehicles Market, by Type
1.4.3 Global Commercial Vehicles Market, by Geography
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. Global Commercial Vehicles Market by End User
3.1 Global Logistics Market by Region
3.2 Global Industrial Market by Region
3.3 Global Mining & Construction Market by Region
3.4 Global Passenger Transportation Market by Region
3.5 Global Other End User Market by Region

Chapter 4. Global Commercial Vehicles Market by Type
4.1 Global Light Commercial Vehicles (LCVs) Market by Region
4.2 Global Heavy Trucks Market by Region
4.3 Global Buses & Coaches Market by Region

Chapter 5. Global Commercial Vehicles Market by Region
5.1 North America Commercial Vehicles Market
5.1.1 North America Commercial Vehicles Market by End User
5.1.1.1 North America Logistics Market by Country
5.1.1.2 North America Industrial Market by Country
5.1.1.3 North America Mining & Construction Market by Country
5.1.1.4 North America Passenger Transportation Market by Country
5.1.1.5 North America Other End User Market by Country
5.1.2 North America Commercial Vehicles Market by Type
5.1.2.1 North America Light Commercial Vehicles (LCVs) Market by Country
5.1.2.2 North America Heavy Trucks Market by Country
5.1.2.3 North America Buses & Coaches Market by Country
5.1.3 North America Commercial Vehicles Market by Country
5.1.3.1 US Commercial Vehicles Market
5.1.3.1.1 US Commercial Vehicles Market by End User
5.1.3.1.2 US Commercial Vehicles Market by Type
5.1.3.2 Canada Commercial Vehicles Market
5.1.3.2.1 Canada Commercial Vehicles Market by End User
5.1.3.2.2 Canada Commercial Vehicles Market by Type
5.1.3.3 Mexico Commercial Vehicles Market
5.1.3.3.1 Mexico Commercial Vehicles Market by End User
5.1.3.3.2 Mexico Commercial Vehicles Market by Type
5.1.3.4 Rest of North America Commercial Vehicles Market
5.1.3.4.1 Rest of North America Commercial Vehicles Market by End User
5.1.3.4.2 Rest of North America Commercial Vehicles Market by Type
5.2 Europe Commercial Vehicles Market
5.2.1 Europe Commercial Vehicles Market by End User
5.2.1.1 Europe Logistics Market by Country
5.2.1.2 Europe Industrial Market by Country
5.2.1.3 Europe Mining & Construction Market by Country
5.2.1.4 Europe Passenger Transportation Market by Country
5.2.1.5 Europe Other End User Market by Country
5.2.2 Europe Commercial Vehicles Market by Type
5.2.2.1 Europe Light Commercial Vehicles (LCVs) Market by Country
5.2.2.2 Europe Heavy Trucks Market by Country
5.2.2.3 Europe Buses & Coaches Market by Country
5.2.3 Europe Commercial Vehicles Market by Country
5.2.3.1 Germany Commercial Vehicles Market
5.2.3.1.1 Germany Commercial Vehicles Market by End User
5.2.3.1.2 Germany Commercial Vehicles Market by Type
5.2.3.2 UK Commercial Vehicles Market
5.2.3.2.1 UK Commercial Vehicles Market by End User
5.2.3.2.2 UK Commercial Vehicles Market by Type
5.2.3.3 France Commercial Vehicles Market
5.2.3.3.1 France Commercial Vehicles Market by End User
5.2.3.3.2 France Commercial Vehicles Market by Type
5.2.3.4 Russia Commercial Vehicles Market
5.2.3.4.1 Russia Commercial Vehicles Market by End User
5.2.3.4.2 Russia Commercial Vehicles Market by Type
5.2.3.5 Spain Commercial Vehicles Market
5.2.3.5.1 Spain Commercial Vehicles Market by End User
5.2.3.5.2 Spain Commercial Vehicles Market by Type
5.2.3.6 Italy Commercial Vehicles Market
5.2.3.6.1 Italy Commercial Vehicles Market by End User
5.2.3.6.2 Italy Commercial Vehicles Market by Type
5.2.3.7 Rest of Europe Commercial Vehicles Market
5.2.3.7.1 Rest of Europe Commercial Vehicles Market by End User
5.2.3.7.2 Rest of Europe Commercial Vehicles Market by Type
5.3 Asia Pacific Commercial Vehicles Market
5.3.1 Asia Pacific Commercial Vehicles Market by End User
5.3.1.1 Asia Pacific Logistics Market by Country
5.3.1.2 Asia Pacific Industrial Market by Country
5.3.1.3 Asia Pacific Mining & Construction Market by Country
5.3.1.4 Asia Pacific Passenger Transportation Market by Country
5.3.1.5 Asia Pacific Other End User Market by Country
5.3.2 Asia Pacific Commercial Vehicles Market by Type
5.3.2.1 Asia Pacific Light Commercial Vehicles (LCVs) Market by Country
5.3.2.2 Asia Pacific Heavy Trucks Market by Country
5.3.2.3 Asia Pacific Buses & Coaches Market by Country
5.3.3 Asia Pacific Commercial Vehicles Market by Country
5.3.3.1 China Commercial Vehicles Market
5.3.3.1.1 China Commercial Vehicles Market by End User
5.3.3.1.2 China Commercial Vehicles Market by Type
5.3.3.2 Japan Commercial Vehicles Market
5.3.3.2.1 Japan Commercial Vehicles Market by End User
5.3.3.2.2 Japan Commercial Vehicles Market by Type
5.3.3.3 India Commercial Vehicles Market
5.3.3.3.1 India Commercial Vehicles Market by End User
5.3.3.3.2 India Commercial Vehicles Market by Type
5.3.3.4 South Korea Commercial Vehicles Market
5.3.3.4.1 South Korea Commercial Vehicles Market by End User
5.3.3.4.2 South Korea Commercial Vehicles Market by Type
5.3.3.5 Singapore Commercial Vehicles Market
5.3.3.5.1 Singapore Commercial Vehicles Market by End User
5.3.3.5.2 Singapore Commercial Vehicles Market by Type
5.3.3.6 Malaysia Commercial Vehicles Market
5.3.3.6.1 Malaysia Commercial Vehicles Market by End User
5.3.3.6.2 Malaysia Commercial Vehicles Market by Type
5.3.3.7 Rest of Asia Pacific Commercial Vehicles Market
5.3.3.7.1 Rest of Asia Pacific Commercial Vehicles Market by End User
5.3.3.7.2 Rest of Asia Pacific Commercial Vehicles Market by Type
5.4 LAMEA Commercial Vehicles Market
5.4.1 LAMEA Commercial Vehicles Market by End User
5.4.1.1 LAMEA Logistics Market by Country
5.4.1.2 LAMEA Industrial Market by Country
5.4.1.3 LAMEA Mining & Construction Market by Country
5.4.1.4 LAMEA Passenger Transportation Market by Country
5.4.1.5 LAMEA Other End User Market by Country
5.4.2 LAMEA Commercial Vehicles Market by Type
5.4.2.1 LAMEA Light Commercial Vehicles (LCVs) Market by Country
5.4.2.2 LAMEA Heavy Trucks Market by Country
5.4.2.3 LAMEA Buses & Coaches Market by Country
5.4.3 LAMEA Commercial Vehicles Market by Country
5.4.3.1 Brazil Commercial Vehicles Market
5.4.3.1.1 Brazil Commercial Vehicles Market by End User
5.4.3.1.2 Brazil Commercial Vehicles Market by Type
5.4.3.2 Argentina Commercial Vehicles Market
5.4.3.2.1 Argentina Commercial Vehicles Market by End User
5.4.3.2.2 Argentina Commercial Vehicles Market by Type
5.4.3.3 UAE Commercial Vehicles Market
5.4.3.3.1 UAE Commercial Vehicles Market by End User
5.4.3.3.2 UAE Commercial Vehicles Market by Type
5.4.3.4 Saudi Arabia Commercial Vehicles Market
5.4.3.4.1 Saudi Arabia Commercial Vehicles Market by End User
5.4.3.4.2 Saudi Arabia Commercial Vehicles Market by Type
5.4.3.5 South Africa Commercial Vehicles Market
5.4.3.5.1 South Africa Commercial Vehicles Market by End User
5.4.3.5.2 South Africa Commercial Vehicles Market by Type
5.4.3.6 Nigeria Commercial Vehicles Market
5.4.3.6.1 Nigeria Commercial Vehicles Market by End User
5.4.3.6.2 Nigeria Commercial Vehicles Market by Type
5.4.3.7 Rest of LAMEA Commercial Vehicles Market
5.4.3.7.1 Rest of LAMEA Commercial Vehicles Market by End User
5.4.3.7.2 Rest of LAMEA 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 Global Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 2 Global Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 3 Global Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 4 Global Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 5 Global Logistics Market by Region, 2017 - 2020, USD Billion
TABLE 6 Global Logistics Market by Region, 2021 - 2027, USD Billion
TABLE 7 Global Industrial Market by Region, 2017 - 2020, USD Billion
TABLE 8 Global Industrial Market by Region, 2021 - 2027, USD Billion
TABLE 9 Global Mining & Construction Market by Region, 2017 - 2020, USD Billion
TABLE 10 Global Mining & Construction Market by Region, 2021 - 2027, USD Billion
TABLE 11 Global Passenger Transportation Market by Region, 2017 - 2020, USD Billion
TABLE 12 Global Passenger Transportation Market by Region, 2021 - 2027, USD Billion
TABLE 13 Global Other End User Market by Region, 2017 - 2020, USD Billion
TABLE 14 Global Other End User Market by Region, 2021 - 2027, USD Billion
TABLE 15 Global Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 16 Global Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 17 Global Light Commercial Vehicles (LCVs) Market by Region, 2017 - 2020, USD Billion
TABLE 18 Global Light Commercial Vehicles (LCVs) Market by Region, 2021 - 2027, USD Billion
TABLE 19 Global Heavy Trucks Market by Region, 2017 - 2020, USD Billion
TABLE 20 Global Heavy Trucks Market by Region, 2021 - 2027, USD Billion
TABLE 21 Global Buses & Coaches Market by Region, 2017 - 2020, USD Billion
TABLE 22 Global Buses & Coaches Market by Region, 2021 - 2027, USD Billion
TABLE 23 Global Commercial Vehicles Market by Region, 2017 - 2020, USD Billion
TABLE 24 Global Commercial Vehicles Market by Region, 2021 - 2027, USD Billion
TABLE 25 North America Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 26 North America Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 27 North America Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 28 North America Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 29 North America Logistics Market by Country, 2017 - 2020, USD Billion
TABLE 30 North America Logistics Market by Country, 2021 - 2027, USD Billion
TABLE 31 North America Industrial Market by Country, 2017 - 2020, USD Billion
TABLE 32 North America Industrial Market by Country, 2021 - 2027, USD Billion
TABLE 33 North America Mining & Construction Market by Country, 2017 - 2020, USD Billion
TABLE 34 North America Mining & Construction Market by Country, 2021 - 2027, USD Billion
TABLE 35 North America Passenger Transportation Market by Country, 2017 - 2020, USD Billion
TABLE 36 North America Passenger Transportation Market by Country, 2021 - 2027, USD Billion
TABLE 37 North America Other End User Market by Country, 2017 - 2020, USD Billion
TABLE 38 North America Other End User Market by Country, 2021 - 2027, USD Billion
TABLE 39 North America Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 40 North America Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 41 North America Light Commercial Vehicles (LCVs) Market by Country, 2017 - 2020, USD Billion
TABLE 42 North America Light Commercial Vehicles (LCVs) Market by Country, 2021 - 2027, USD Billion
TABLE 43 North America Heavy Trucks Market by Country, 2017 - 2020, USD Billion
TABLE 44 North America Heavy Trucks Market by Country, 2021 - 2027, USD Billion
TABLE 45 North America Buses & Coaches Market by Country, 2017 - 2020, USD Billion
TABLE 46 North America Buses & Coaches Market by Country, 2021 - 2027, USD Billion
TABLE 47 North America Commercial Vehicles Market by Country, 2017 - 2020, USD Billion
TABLE 48 North America Commercial Vehicles Market by Country, 2021 - 2027, USD Billion
TABLE 49 US Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 50 US Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 51 US Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 52 US Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 53 US Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 54 US Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 55 Canada Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 56 Canada Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 57 Canada Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 58 Canada Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 59 Canada Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 60 Canada Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 61 Mexico Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 62 Mexico Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 63 Mexico Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 64 Mexico Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 65 Mexico Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 66 Mexico Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 67 Rest of North America Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 68 Rest of North America Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 69 Rest of North America Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 70 Rest of North America Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 71 Rest of North America Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 72 Rest of North America Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 73 Europe Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 74 Europe Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 75 Europe Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 76 Europe Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 77 Europe Logistics Market by Country, 2017 - 2020, USD Billion
TABLE 78 Europe Logistics Market by Country, 2021 - 2027, USD Billion
TABLE 79 Europe Industrial Market by Country, 2017 - 2020, USD Billion
TABLE 80 Europe Industrial Market by Country, 2021 - 2027, USD Billion
TABLE 81 Europe Mining & Construction Market by Country, 2017 - 2020, USD Billion
TABLE 82 Europe Mining & Construction Market by Country, 2021 - 2027, USD Billion
TABLE 83 Europe Passenger Transportation Market by Country, 2017 - 2020, USD Billion
TABLE 84 Europe Passenger Transportation Market by Country, 2021 - 2027, USD Billion
TABLE 85 Europe Other End User Market by Country, 2017 - 2020, USD Billion
TABLE 86 Europe Other End User Market by Country, 2021 - 2027, USD Billion
TABLE 87 Europe Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 88 Europe Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 89 Europe Light Commercial Vehicles (LCVs) Market by Country, 2017 - 2020, USD Billion
TABLE 90 Europe Light Commercial Vehicles (LCVs) Market by Country, 2021 - 2027, USD Billion
TABLE 91 Europe Heavy Trucks Market by Country, 2017 - 2020, USD Billion
TABLE 92 Europe Heavy Trucks Market by Country, 2021 - 2027, USD Billion
TABLE 93 Europe Buses & Coaches Market by Country, 2017 - 2020, USD Billion
TABLE 94 Europe Buses & Coaches Market by Country, 2021 - 2027, USD Billion
TABLE 95 Europe Commercial Vehicles Market by Country, 2017 - 2020, USD Billion
TABLE 96 Europe Commercial Vehicles Market by Country, 2021 - 2027, USD Billion
TABLE 97 Germany Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 98 Germany Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 99 Germany Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 100 Germany Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 101 Germany Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 102 Germany Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 103 UK Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 104 UK Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 105 UK Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 106 UK Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 107 UK Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 108 UK Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 109 France Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 110 France Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 111 France Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 112 France Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 113 France Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 114 France Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 115 Russia Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 116 Russia Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 117 Russia Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 118 Russia Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 119 Russia Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 120 Russia Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 121 Spain Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 122 Spain Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 123 Spain Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 124 Spain Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 125 Spain Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 126 Spain Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 127 Italy Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 128 Italy Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 129 Italy Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 130 Italy Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 131 Italy Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 132 Italy Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 133 Rest of Europe Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 134 Rest of Europe Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 135 Rest of Europe Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 136 Rest of Europe Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 137 Rest of Europe Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 138 Rest of Europe Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 139 Asia Pacific Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 140 Asia Pacific Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 141 Asia Pacific Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 142 Asia Pacific Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 143 Asia Pacific Logistics Market by Country, 2017 - 2020, USD Billion
TABLE 144 Asia Pacific Logistics Market by Country, 2021 - 2027, USD Billion
TABLE 145 Asia Pacific Industrial Market by Country, 2017 - 2020, USD Billion
TABLE 146 Asia Pacific Industrial Market by Country, 2021 - 2027, USD Billion
TABLE 147 Asia Pacific Mining & Construction Market by Country, 2017 - 2020, USD Billion
TABLE 148 Asia Pacific Mining & Construction Market by Country, 2021 - 2027, USD Billion
TABLE 149 Asia Pacific Passenger Transportation Market by Country, 2017 - 2020, USD Billion
TABLE 150 Asia Pacific Passenger Transportation Market by Country, 2021 - 2027, USD Billion
TABLE 151 Asia Pacific Other End User Market by Country, 2017 - 2020, USD Billion
TABLE 152 Asia Pacific Other End User Market by Country, 2021 - 2027, USD Billion
TABLE 153 Asia Pacific Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 154 Asia Pacific Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 155 Asia Pacific Light Commercial Vehicles (LCVs) Market by Country, 2017 - 2020, USD Billion
TABLE 156 Asia Pacific Light Commercial Vehicles (LCVs) Market by Country, 2021 - 2027, USD Billion
TABLE 157 Asia Pacific Heavy Trucks Market by Country, 2017 - 2020, USD Billion
TABLE 158 Asia Pacific Heavy Trucks Market by Country, 2021 - 2027, USD Billion
TABLE 159 Asia Pacific Buses & Coaches Market by Country, 2017 - 2020, USD Billion
TABLE 160 Asia Pacific Buses & Coaches Market by Country, 2021 - 2027, USD Billion
TABLE 161 Asia Pacific Commercial Vehicles Market by Country, 2017 - 2020, USD Billion
TABLE 162 Asia Pacific Commercial Vehicles Market by Country, 2021 - 2027, USD Billion
TABLE 163 China Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 164 China Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 165 China Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 166 China Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 167 China Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 168 China Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 169 Japan Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 170 Japan Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 171 Japan Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 172 Japan Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 173 Japan Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 174 Japan Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 175 India Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 176 India Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 177 India Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 178 India Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 179 India Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 180 India Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 181 South Korea Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 182 South Korea Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 183 South Korea Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 184 South Korea Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 185 South Korea Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 186 South Korea Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 187 Singapore Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 188 Singapore Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 189 Singapore Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 190 Singapore Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 191 Singapore Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 192 Singapore Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 193 Malaysia Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 194 Malaysia Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 195 Malaysia Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 196 Malaysia Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 197 Malaysia Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 198 Malaysia Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 199 Rest of Asia Pacific Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 200 Rest of Asia Pacific Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 201 Rest of Asia Pacific Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 202 Rest of Asia Pacific Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 203 Rest of Asia Pacific Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 204 Rest of Asia Pacific Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 205 LAMEA Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 206 LAMEA Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 207 LAMEA Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 208 LAMEA Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 209 LAMEA Logistics Market by Country, 2017 - 2020, USD Billion
TABLE 210 LAMEA Logistics Market by Country, 2021 - 2027, USD Billion
TABLE 211 LAMEA Industrial Market by Country, 2017 - 2020, USD Billion
TABLE 212 LAMEA Industrial Market by Country, 2021 - 2027, USD Billion
TABLE 213 LAMEA Mining & Construction Market by Country, 2017 - 2020, USD Billion
TABLE 214 LAMEA Mining & Construction Market by Country, 2021 - 2027, USD Billion
TABLE 215 LAMEA Passenger Transportation Market by Country, 2017 - 2020, USD Billion
TABLE 216 LAMEA Passenger Transportation Market by Country, 2021 - 2027, USD Billion
TABLE 217 LAMEA Other End User Market by Country, 2017 - 2020, USD Billion
TABLE 218 LAMEA Other End User Market by Country, 2021 - 2027, USD Billion
TABLE 219 LAMEA Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 220 LAMEA Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 221 LAMEA Light Commercial Vehicles (LCVs) Market by Country, 2017 - 2020, USD Billion
TABLE 222 LAMEA Light Commercial Vehicles (LCVs) Market by Country, 2021 - 2027, USD Billion
TABLE 223 LAMEA Heavy Trucks Market by Country, 2017 - 2020, USD Billion
TABLE 224 LAMEA Heavy Trucks Market by Country, 2021 - 2027, USD Billion
TABLE 225 LAMEA Buses & Coaches Market by Country, 2017 - 2020, USD Billion
TABLE 226 LAMEA Buses & Coaches Market by Country, 2021 - 2027, USD Billion
TABLE 227 LAMEA Commercial Vehicles Market by Country, 2017 - 2020, USD Billion
TABLE 228 LAMEA Commercial Vehicles Market by Country, 2021 - 2027, USD Billion
TABLE 229 Brazil Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 230 Brazil Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 231 Brazil Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 232 Brazil Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 233 Brazil Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 234 Brazil Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 235 Argentina Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 236 Argentina Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 237 Argentina Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 238 Argentina Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 239 Argentina Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 240 Argentina Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 241 UAE Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 242 UAE Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 243 UAE Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 244 UAE Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 245 UAE Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 246 UAE Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 247 Saudi Arabia Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 248 Saudi Arabia Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 249 Saudi Arabia Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 250 Saudi Arabia Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 251 Saudi Arabia Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 252 Saudi Arabia Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 253 South Africa Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 254 South Africa Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 255 South Africa Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 256 South Africa Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 257 South Africa Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 258 South Africa Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 259 Nigeria Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 260 Nigeria Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 261 Nigeria Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 262 Nigeria Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 263 Nigeria Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 264 Nigeria Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 265 Rest of LAMEA Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 266 Rest of LAMEA Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 267 Rest of LAMEA Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 268 Rest of LAMEA Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 269 Rest of LAMEA Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 270 Rest of LAMEA Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 271 Key Information –Tata motors Limited
TABLE 272 key information – Toyota Motor Corporation
TABLE 273 key Information – Mahindra & Mahindra Limited
TABLE 274 Key Information – Bosch Rexroth AG
TABLE 275 key Information – Hyundai Motor Company
TABLE 276 key Information – Volkswagen AG
TABLE 277 key information – Daimler AG
TABLE 278 key Information – General Motors Co.
TABLE 279 key information – Ford Motor Company
TABLE 280 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.

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