Commercial Vehicle Market By Geographical Segmentation Analysis And Outlook Forecast To 2025

COMMERCIAL VEHICLE GLOBAL MARKET REPORT 2021: COVID19 IMPACT AND RECOVERY TO 2031

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COMMERCIAL VEHICLE CHARACTERISTICS: • The global commercial vehicle market is expected to grow from $719.08 billion in 2020 to $784.6 billion in 2021 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1132.57 billion in 2025 at a CAGR of 10%.

• The report covers the commercial vehicle market’s segments1) By Type: Light Commercial Vehicle, Heavy Trucks, Buses And Coaches.

2) By Fuel Type: Gasoline, Diesel, Others.

3) By Application: Mining & Construction, Logistics, Passenger Transportation, Others.

4) By Propulsion Type: IC Engine, Electric Vehicle.

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MAJOR KEY PLAYERS Major companies in the market include Daimler AG, Volvo Group, Man Truck & Bus, Hino Motors, Scania.

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REASONS TO PURCHASE • Gain a truly global perspective with the most comprehensive market research report available on this market covering 60+ geographies.

• Understand how the market is being affected by the COVID-19 and how it is likely to emerge and grow as the impact of the coronavirus abates.

• Create regional and country strategies on the basis of local data and analysis.

• Identify growth segments for investment.

• Outperform competitors using market forecast data and the market drivers and trends shaping the global market.

• Understand customers based on the latest market research findings.

• Benchmark performance against key competitors of the market.

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Europe

Asia

Americas

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