Market Overview:
The global commercial trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for commercial trucks for freight carriage and other transport applications, and the growing construction and mining industries. The light-duty carriers segment is expected to account for the largest share of the global commercial trucks market in 2018, followed by medium-duty carriers and heavy-duty carriers segments. North America is expected to account for the largest share of the global commercial trucks market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Commercial Trucks are trucks that are used for commercial purposes. This can include transporting goods or materials, delivering packages or products to businesses or consumers, or providing services like waste collection and recycling. Commercial trucks can be large 18-wheelers, vans, utes or pickups. They play an important role in the economy by helping businesses transport goods and materials around the country.
Light-Duty Carriers:
Light-Duty Carriers (LDC) are used to carry goods and materials of lesser weight than the standard vehicles. They are mainly used in small trucks, tippers, tractors among other types of commercial vehicles. The growth factor for Light-Duty Carrier’s market is its ability to reduce the overall cost of transportation by reducing fuel consumption and carbon emissions.
Medium-Duty Carriers:
Medium-duty carriers are used to carry goods of lesser value than heavy-duty carriers. They are generally used for the transportation of goods within a city or a small country. The global market is expected to witness significant growth over the forecast period owing to increasing industrialization and urbanization, especially in emerging economies such as India, China, Brazil and South Africa among others.
Application Insights:
The construction application segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the increasing demand for cement and other construction materials across the globe. Moreover, with rising urbanization, there is a rise in building and infrastructure development which further propels trucks on roads, thus supporting industry growth.
Construction vehicles are widely used for moving earth around sites where buildings or roadways are being constructed so as to avoid hindrance during work activities such as laying pipes or cables etc. Furthermore, they are also used at site locations where heavy machinery cannot be taken due to space constraints such as narrow streets or alleys etc., which propels their demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising disposable income of consumers and improved standard of living. Moreover, rapid industrialization along with growing infrastructure activities in India, China, Japan are anticipated to fuel the demand for heavy-duty commercial trucks over the next eight years.
The Latin American regional market is also likely to witness significant growth during the same period owing to increasing government initiatives for improving road infrastructure coupled with rising awareness regarding environment protection issues. In addition, growing trade activities between Brazil and Argentina are expected to boost freight transportation across these countries which will further propel market development prospects over the forecast period.
Europe was estimated as a moderate segment that accounted for 17% share in terms of revenue in 2017 owing high consumption levels among major application segments including construction industry and logistics sector across Germany, France Italy U K among others).
Growth Factors:
- Increasing demand for commercial trucks from the logistics and transportation sector to meet the growing needs of businesses and consumers.
- Rising demand for commercial trucks in emerging markets as their economies grow, which will create new opportunities for truck manufacturers and suppliers.
- Technological advancements in commercial truck design and manufacturing that will improve fuel efficiency, safety, and performance.
- Growing popularity of alternative-fuel vehicles such as electric or hybrid trucks that will help reduce emissions and save on fuel costs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Trucks Market Research Report
By Type
Light-Duty Carriers, Medium-Duty Carriers, Heavy-Duty Carriers
By Application
Construction, Mining and Excavation, Freight Carriage, Other Transport Applications
By Companies
Daimler, Ford, General Motors, Isuzu Motors, Navistar, Tata Motors, Volkswagen, Volvo, Daimler
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Trucks Market Report Segments:
The global Commercial Trucks market is segmented on the basis of:
Types
Light-Duty Carriers, Medium-Duty Carriers, Heavy-Duty Carriers
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
Construction, Mining and Excavation, Freight Carriage, Other Transport Applications
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
- General Motors
- Isuzu Motors
- Navistar
- Tata Motors
- Volkswagen
- Volvo
- Daimler
Highlights of The Commercial Trucks 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:
- Light-Duty Carriers
- Medium-Duty Carriers
- Heavy-Duty Carriers
- By Application:
- Construction
- Mining and Excavation
- Freight Carriage
- Other Transport Applications
- 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 Commercial Trucks 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?
Commercial trucks are large, heavy vehicles used for transporting goods. They can be powered by diesel, gasoline, or electric engines.
Some of the major companies in the commercial trucks market are Daimler, Ford, General Motors, Isuzu Motors, Navistar, Tata Motors, Volkswagen, Volvo, Daimler.
The commercial trucks market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Trucks 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 Commercial Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Trucks 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 Commercial Trucks 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 Commercial Trucks Market Size & Forecast, 2020-2028
4.5.1 Commercial Trucks Market Size and Y-o-Y Growth
4.5.2 Commercial Trucks 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 Light-Duty Carriers
5.2.2 Medium-Duty Carriers
5.2.3 Heavy-Duty Carriers
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 Construction
6.2.2 Mining and Excavation
6.2.3 Freight Carriage
6.2.4 Other Transport Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Trucks 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 Commercial Trucks 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 Light-Duty Carriers
9.6.2 Medium-Duty Carriers
9.6.3 Heavy-Duty Carriers
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 Construction
9.10.2 Mining and Excavation
9.10.3 Freight Carriage
9.10.4 Other Transport Applications
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 Light-Duty Carriers
10.6.2 Medium-Duty Carriers
10.6.3 Heavy-Duty Carriers
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 Construction
10.10.2 Mining and Excavation
10.10.3 Freight Carriage
10.10.4 Other Transport Applications
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 Light-Duty Carriers
11.6.2 Medium-Duty Carriers
11.6.3 Heavy-Duty Carriers
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 Construction
11.10.2 Mining and Excavation
11.10.3 Freight Carriage
11.10.4 Other Transport Applications
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 Light-Duty Carriers
12.6.2 Medium-Duty Carriers
12.6.3 Heavy-Duty Carriers
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 Construction
12.10.2 Mining and Excavation
12.10.3 Freight Carriage
12.10.4 Other Transport Applications
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 Light-Duty Carriers
13.6.2 Medium-Duty Carriers
13.6.3 Heavy-Duty Carriers
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 Construction
13.10.2 Mining and Excavation
13.10.3 Freight Carriage
13.10.4 Other Transport Applications
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 Commercial Trucks Market: Competitive Dashboard
14.2 Global Commercial Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daimler
14.3.2 Ford
14.3.3 General Motors
14.3.4 Isuzu Motors
14.3.5 Navistar
14.3.6 Tata Motors
14.3.7 Volkswagen
14.3.8 Volvo
14.3.9 Daimler
