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Global Commercial Vehicles Market Research Report:

The latest report by IMARC, titled “ Commercial Vehicles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

” " the global commercial vehicles market size reached US$ 772.5 Billion in 2022. Commercial vehicles are automobiles licensed for transporting goods, materials, freights, and passengers. It includes buses, coaches, vans, cabs, pickup trucks, tippers, trailers, lorries, transit mixers, specialty vehicles, and heavy equipment. Commercial vehicles are powered by various sources, such as gasoline, diesel, electricity, battery, and fuel cells. They are widely used to transport industrial goods, farming produce, construction materials, dirt, gravel, and demolition wastes. Commercial vehicles are highly efficient and durable machines that can carry large quantities of load, help reduce overall costs, and save time while requiring low maintenance.

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