Market Overview:
The global autonomous commercial vehicles market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for autonomous commercial vehicles across different applications, such as industrial application, mining, port and public transport. Additionally, the increasing focus on safety and efficiency is also driving the growth of this market. However, factors such as high initial cost and lack of infrastructure are restraining the growth of this market.
Product Definition:
Autonomous commercial vehicles are those that can operate without human input or oversight, making them ideal for tasks such as freight transport and package delivery. The importance of autonomous commercial vehicles lies in their potential to revolutionize these industries by increasing efficiency and reducing costs.
Trucks:
Trucks are motor vehicles that are designed for the transportation of goods. They have a wide body, low center of gravity, and high load capacity. Trucks offer several benefits such as they can carry heavy loads over long distances without needing to be changed position; they provide safety in case of any emergency; and lastly, it helps in reducing fuel consumption as it uses tires as rolling stock.
Buses:
Buses are vehicles that are used to carry passengers and goods from one destination to another. They can be operated by a single driver or in multiple passenger service modes such as school buses, transit buses, luxury buses, sightseeing buses and many more. Buses have high load capacity than cars which helps them in carrying more passengers with ease. They also help reduce the overall weight of the vehicle which further reduces fuel consumption and increases efficiency making it a green alternative for transportation purpose.
Application Insights:
The autonomous commercial vehicles market is segmented by application into public transport, industrial, mining, port and other applications. The public transport application segment accounted for the largest share in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing government funding for new transit systems as well as municipal governments investing in developing their own bus services. For instance, Transport for London¢â‚¬â„¢s current strategy outlines a plan to invest ¢â€š¹²£170 billion over 10 years on improving its bus service and expanding the Tube system by adding more trains and lines¢â‚¬ (Transport Strategy 2016). Such initiatives are anticipated to drive demand across major cities around the world.
Regional Analysis:
The North American regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand from end-users, such as logistics companies, port authorities, and public transport operators. Increasing adoption of autonomous vehicles in these sectors will lead to cost savings by reducing human error and enhancing safety.
Asia Pacific is projected to be one of the fastest growing regional markets due to rising investments from governments across various countries including China and Japan along with other emerging economies such as India and Singapore.
Growth Factors:
- Increasing demand for Autonomous Commercial Vehicles from the logistics and transportation sector to improve efficiency and reduce cost.
- Proliferation of Autonomous Commercial Vehicles technology due to increasing research and development activities by market players.
- Growing demand for Autonomous Commercial Vehicles in emerging countries due to the increase in trade and commerce activities.
- Rising awareness about the benefits of Autonomous Commercial Vehicles among end-users, which is expected to boost the market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Autonomous Commercial Vehicles Market Research Report
By Type
Trucks, Buses
By Application
Industrial Application, Mining, Port, Public Transport, Others
By Companies
Daimler, Ford motor, Volvo, Tesla, Iveco, MAN, DAF, Scania, FAW, FOTON, CNHTC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Autonomous Commercial Vehicles Market Report Segments:
The global Autonomous Commercial Vehicles market is segmented on the basis of:
Types
Trucks, Buses
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Application, Mining, Port, Public Transport, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daimler
- Ford motor
- Volvo
- Tesla
- Iveco
- MAN
- DAF
- Scania
- FAW
- FOTON
- CNHTC
Highlights of The Autonomous Commercial Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Trucks
- Buses
- By Application:
- Industrial Application
- Mining
- Port
- Public Transport
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Autonomous Commercial Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Autonomous Commercial Vehicles (ACV) are self-driving trucks that can operate without a driver. They are designed to improve safety and efficiency for the freight industry, and they could have a significant impact on the economy.
Some of the major companies in the autonomous commercial vehicles market are Daimler, Ford motor, Volvo, Tesla, Iveco, MAN, DAF, Scania, FAW, FOTON, CNHTC.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Autonomous Commercial Vehicles Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Autonomous Commercial Vehicles Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Autonomous Commercial Vehicles Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Autonomous Commercial Vehicles Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Autonomous Commercial Vehicles Market Size & Forecast, 2020-2028 4.5.1 Autonomous Commercial Vehicles Market Size and Y-o-Y Growth 4.5.2 Autonomous Commercial Vehicles Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Trucks
5.2.2 Buses
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Application
6.2.2 Mining
6.2.3 Port
6.2.4 Public Transport
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Autonomous Commercial Vehicles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Autonomous Commercial Vehicles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Trucks
9.6.2 Buses
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Application
9.10.2 Mining
9.10.3 Port
9.10.4 Public Transport
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Trucks
10.6.2 Buses
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Application
10.10.2 Mining
10.10.3 Port
10.10.4 Public Transport
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Trucks
11.6.2 Buses
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Application
11.10.2 Mining
11.10.3 Port
11.10.4 Public Transport
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Trucks
12.6.2 Buses
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Application
12.10.2 Mining
12.10.3 Port
12.10.4 Public Transport
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Trucks
13.6.2 Buses
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Application
13.10.2 Mining
13.10.3 Port
13.10.4 Public Transport
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Autonomous Commercial Vehicles Market: Competitive Dashboard
14.2 Global Autonomous Commercial Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daimler
14.3.2 Ford motor
14.3.3 Volvo
14.3.4 Tesla
14.3.5 Iveco
14.3.6 MAN
14.3.7 DAF
14.3.8 Scania
14.3.9 FAW
14.3.10 FOTON
14.3.11 CNHTC