The global medium and heavy duty commercial vehicles market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth in this market is driven by the increasing demand for commercial vehicles in emerging economies such as India and China. The transportation segment accounted for the largest share of the global medium and heavy duty commercial vehicles market in 2018, followed by construction segment. 5a) Increasing urbanization leads to increased congestion on roads leading to increased traffic jams and delays which reduces productivity at work places; this leads people who can afford it buy more expensive cars with better fuel efficiency so they can avoid traffic jams and delays; this reduces their need for commercial vehicles like buses or trucks because they don't have time or money left over after buying their expensive car; 5b) Increased congestion on roads also leads people who can afford it buy more expensive cars with better fuel efficiency so they can avoid traffic jams and delays; this reduces their need for public transportation like buses or trains because they don't have time or money left over after buying their expensive car; 5c) Increased congestion on roads also leads people who live close enough together (within walking distance) not use any form of public transportation because there's no point when you're just going from one house/apartment building/condo complex/townhouse complex etc, where you live, to another house/apartment building/condo complex/townhouse complex etc, where you live - but if you're going somewhere else then yes - but if not then no - so that means less bus ridership too).
Some Of The Growth Factors Of This Market:
- The global economic slowdown has led to a decline in the demand for commercial vehicles.
- The increasing fuel prices have also led to a decline in the demand for commercial vehicles.
- The increasing number of people living in urban areas is leading to an increase in the demand for public transportation, which is reducing the need for private cars and trucks, thereby reducing the demand for commercial vehicles as well.
- Increasing environmental awareness has led to stricter emission norms and higher fuel efficiency standards, which are impacting sales of heavy duty diesel engines that are used extensively by heavy duty trucks and buses, thereby impacting sales of these types of commercial vehicles as well.
Industry Growth Insights published a new data on “Medium and Heavy Duty Commercial Vehicles Market”. The research report is titled “Medium and Heavy Duty Commercial Vehicles Market research by Types (IC Engine, Electric or Hybrid), By Applications (Transportation, Construction, Other), By Players/Companies PACCAR, Daimler, Volvo Group, MAN SE, Tata Motors, Isuzu Motors, Scania AB, FAW Group, Hyundai Motor, Dongfeng Motor, Mercedes Benz, Volkswagen, Sisu Auto, Ford, MITSUBISHI, Freightliner, MACK, Shaanxi Automobile Group, CNHTC”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medium and Heavy Duty Commercial Vehicles Market Research Report
By Type
IC Engine, Electric or Hybrid
By Application
Transportation, Construction, Other
By Companies
PACCAR, Daimler, Volvo Group, MAN SE, Tata Motors, Isuzu Motors, Scania AB, FAW Group, Hyundai Motor, Dongfeng Motor, Mercedes Benz, Volkswagen, Sisu Auto, Ford, MITSUBISHI, Freightliner, MACK, Shaanxi Automobile Group, 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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Medium and Heavy Duty Commercial Vehicles Market Report Segments:
The global Medium and Heavy Duty Commercial Vehicles market is segmented on the basis of:
Types
IC Engine, Electric or Hybrid
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
Transportation, Construction, Other
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:
- PACCAR
- Daimler
- Volvo Group
- MAN SE
- Tata Motors
- Isuzu Motors
- Scania AB
- FAW Group
- Hyundai Motor
- Dongfeng Motor
- Mercedes Benz
- Volkswagen
- Sisu Auto
- Ford
- MITSUBISHI
- Freightliner
- MACK
- Shaanxi Automobile Group
- CNHTC
Highlights of The Medium and Heavy Duty 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:
- IC Engine
- Electric or Hybrid
- By Application:
- Transportation
- Construction
- Other
- 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 Medium and Heavy Duty 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.
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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?
Medium and heavy duty commercial vehicles are typically large trucks, buses, or trailers that are used for transporting goods. They can be used for a variety of purposes, including transportation of goods between businesses, moving materials around a construction site, or carrying cargo to and from ports.
Some of the key players operating in the medium and heavy duty commercial vehicles market are PACCAR, Daimler, Volvo Group, MAN SE, Tata Motors, Isuzu Motors, Scania AB, FAW Group, Hyundai Motor, Dongfeng Motor, Mercedes Benz, Volkswagen, Sisu Auto, Ford, MITSUBISHI, Freightliner, MACK, Shaanxi Automobile Group, CNHTC.
The medium and heavy duty commercial vehicles market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medium and Heavy Duty Commercial Vehicles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medium and Heavy Duty Commercial Vehicles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medium and Heavy Duty Commercial Vehicles Market - Supply Chain
4.5. Global Medium and Heavy Duty Commercial Vehicles Market Forecast
4.5.1. Medium and Heavy Duty Commercial Vehicles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medium and Heavy Duty Commercial Vehicles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medium and Heavy Duty Commercial Vehicles Market Absolute $ Opportunity
5. Global Medium and Heavy Duty Commercial Vehicles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Type
5.3.1. IC Engine
5.3.2. Electric or Hybrid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medium and Heavy Duty Commercial Vehicles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Application
6.3.1. Transportation
6.3.2. Construction
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medium and Heavy Duty Commercial Vehicles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medium and Heavy Duty Commercial Vehicles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medium and Heavy Duty Commercial Vehicles Demand Share Forecast, 2019-2026
9. North America Medium and Heavy Duty Commercial Vehicles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Application
9.4.1. Transportation
9.4.2. Construction
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Type
9.7.1. IC Engine
9.7.2. Electric or Hybrid
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medium and Heavy Duty Commercial Vehicles Demand Share Forecast, 2019-2026
10. Latin America Medium and Heavy Duty Commercial Vehicles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Application
10.4.1. Transportation
10.4.2. Construction
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Type
10.7.1. IC Engine
10.7.2. Electric or Hybrid
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medium and Heavy Duty Commercial Vehicles Demand Share Forecast, 2019-2026
11. Europe Medium and Heavy Duty Commercial Vehicles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Application
11.4.1. Transportation
11.4.2. Construction
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forcast by Type
11.7.1. IC Engine
11.7.2. Electric or Hybrid
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medium and Heavy Duty Commercial Vehicles Demand Share, 2019-2026
12. Asia Pacific Medium and Heavy Duty Commercial Vehicles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Application
12.4.1. Transportation
12.4.2. Construction
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Type
12.7.1. IC Engine
12.7.2. Electric or Hybrid
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medium and Heavy Duty Commercial Vehicles Demand Share, 2019-2026
13. Middle East & Africa Medium and Heavy Duty Commercial Vehicles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medium and Heavy Duty Commercial Vehicles Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Application
13.4.1. Transportation
13.4.2. Construction
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medium and Heavy Duty Commercial Vehicles Market Size and Volume Forecast by Type
13.7.1. IC Engine
13.7.2. Electric or Hybrid
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medium and Heavy Duty Commercial Vehicles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medium and Heavy Duty Commercial Vehicles Market: Market Share Analysis
14.2. Medium and Heavy Duty Commercial Vehicles Distributors and Customers
14.3. Medium and Heavy Duty Commercial Vehicles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PACCAR
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daimler
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Volvo Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MAN SE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tata Motors
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Isuzu Motors
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Scania AB
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FAW Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hyundai Motor
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dongfeng Motor
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mercedes Benz
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Volkswagen
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sisu Auto
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ford
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MITSUBISHI
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Freightliner
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. MACK
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Shaanxi Automobile Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CNHTC
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook