The Europe Commercial Vehicles Market would witness market growth of 4.3% CAGR during the forecast period (2021-2027).
The trend toward electric cars is likely to give the potential for growth in the industry under consideration. Following the advent of tough pollution rules, automotive manufacturers (OEMs) shifted their focus to electric vehicles. Furthermore, other manufacturers, including Toyota, Daimler, and Volvo, are transitioning toward electric cars, which are expected to result in development prospects in the market under consideration in the approaching years. The usage of cloud computing in the automotive sector is quickly expanding. Cloud computing is essential in CV manufacturing, and its services extend from system operation to design to system administration. Cloud computing operations can minimize expenses, hence minimizing and eliminating waste.
In the last few years, commercial vehicle usage in Europe has been declining in tandem with the region's declining car sales. At this point, Europe is positioned for varied recovery cycles as a result of the limitations still in place in some areas of the continent and the economic recovery packages offered by regional governments. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), 2.5 million commercial vehicles were registered in Europe in the year 2020, a drop of 14.9% from 2.9 million units in 2019. In the region, there is a significant rise in the purchases of LCVs by corporate. Moreover, these vehicles are utilized to deliver e-commerce goods.
The Germany market dominated the Europe Commercial Vehicles Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $112.6 Billion by 2027. The UK market is estimated to grow at a CAGR of 3.5% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Commercial Vehicles Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Commercial Vehicles Market, by End User
1.4.2 Europe Commercial Vehicles Market, by Type
1.4.3 Europe 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. Europe Commercial Vehicles Market by End User
3.1 Europe Logistics Market by Country
3.2 Europe Industrial Market by Country
3.3 Europe Mining & Construction Market by Country
3.4 Europe Passenger Transportation Market by Country
3.5 Europe Other End User Market by Country
Chapter 4. Europe Commercial Vehicles Market by Type
4.1 Europe Light Commercial Vehicles (LCVs) Market by Country
4.2 Europe Heavy Trucks Market by Country
4.3 Europe Buses & Coaches Market by Country
Chapter 5. Europe Commercial Vehicles Market by Country
5.1 Germany Commercial Vehicles Market
5.1.1 Germany Commercial Vehicles Market by End User
5.1.2 Germany Commercial Vehicles Market by Type
5.2 UK Commercial Vehicles Market
5.2.1 UK Commercial Vehicles Market by End User
5.2.2 UK Commercial Vehicles Market by Type
5.3 France Commercial Vehicles Market
5.3.1 France Commercial Vehicles Market by End User
5.3.2 France Commercial Vehicles Market by Type
5.4 Russia Commercial Vehicles Market
5.4.1 Russia Commercial Vehicles Market by End User
5.4.2 Russia Commercial Vehicles Market by Type
5.5 Spain Commercial Vehicles Market
5.5.1 Spain Commercial Vehicles Market by End User
5.5.2 Spain Commercial Vehicles Market by Type
5.6 Italy Commercial Vehicles Market
5.6.1 Italy Commercial Vehicles Market by End User
5.6.2 Italy Commercial Vehicles Market by Type
5.7 Rest of Europe Commercial Vehicles Market
5.7.1 Rest of Europe Commercial Vehicles Market by End User
5.7.2 Rest of Europe 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 Europe Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 2 Europe Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 3 Europe Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 4 Europe Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 5 Europe Logistics Market by Country, 2017 - 2020, USD Billion
TABLE 6 Europe Logistics Market by Country, 2021 - 2027, USD Billion
TABLE 7 Europe Industrial Market by Country, 2017 - 2020, USD Billion
TABLE 8 Europe Industrial Market by Country, 2021 - 2027, USD Billion
TABLE 9 Europe Mining & Construction Market by Country, 2017 - 2020, USD Billion
TABLE 10 Europe Mining & Construction Market by Country, 2021 - 2027, USD Billion
TABLE 11 Europe Passenger Transportation Market by Country, 2017 - 2020, USD Billion
TABLE 12 Europe Passenger Transportation Market by Country, 2021 - 2027, USD Billion
TABLE 13 Europe Other End User Market by Country, 2017 - 2020, USD Billion
TABLE 14 Europe Other End User Market by Country, 2021 - 2027, USD Billion
TABLE 15 Europe Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 16 Europe Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 17 Europe Light Commercial Vehicles (LCVs) Market by Country, 2017 - 2020, USD Billion
TABLE 18 Europe Light Commercial Vehicles (LCVs) Market by Country, 2021 - 2027, USD Billion
TABLE 19 Europe Heavy Trucks Market by Country, 2017 - 2020, USD Billion
TABLE 20 Europe Heavy Trucks Market by Country, 2021 - 2027, USD Billion
TABLE 21 Europe Buses & Coaches Market by Country, 2017 - 2020, USD Billion
TABLE 22 Europe Buses & Coaches Market by Country, 2021 - 2027, USD Billion
TABLE 23 Europe Commercial Vehicles Market by Country, 2017 - 2020, USD Billion
TABLE 24 Europe Commercial Vehicles Market by Country, 2021 - 2027, USD Billion
TABLE 25 Germany Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 26 Germany Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 27 Germany Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 28 Germany Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 29 Germany Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 30 Germany Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 31 UK Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 32 UK Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 33 UK Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 34 UK Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 35 UK Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 36 UK Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 37 France Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 38 France Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 39 France Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 40 France Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 41 France Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 42 France Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 43 Russia Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 44 Russia Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 45 Russia Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 46 Russia Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 47 Russia Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 48 Russia Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 49 Spain Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 50 Spain Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 51 Spain Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 52 Spain Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 53 Spain Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 54 Spain Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 55 Italy Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 56 Italy Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 57 Italy Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 58 Italy Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 59 Italy Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 60 Italy Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 61 Rest of Europe Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 62 Rest of Europe Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 63 Rest of Europe Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 64 Rest of Europe Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 65 Rest of Europe Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 66 Rest of Europe 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.