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商用車市場レポート：車両タイプ、推進タイプ、最終用途、地域別、2024年～2032年

Commercial Vehicles Market Report by Vehicle Type, Propulsion Type, End Use, and Region 2024-2032

出版日
発行
IMARC
ページ情報
英文 137 Pages
納期
2～3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.99円
商用車市場レポート：車両タイプ、推進タイプ、最終用途、地域別、2024年～2032年
出版日: 2024年07月01日
発行: IMARC
ページ情報: 英文 137 Pages
納期: 2～3営業日
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  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の商用車の市場規模は、2023年に8,036億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて3.6%の成長率（CAGR）を示し、2032年までに1兆1,142億米ドルに達すると予測しています。排出ガス削減を推進する世界の政府規制の増加、建設・インフラ部門の成長、自律走行・自動運転商用車の出現、ドライバーの安全性と快適性への注目の高まりなどが、市場を後押しする要因の一部です。

商用車は、商品や資材を輸送するためのライセンスを取得しています。商用車は個人所有で登録されることもあれば、金融機関を通じてリースされることもあります。その安全性は、車載モニター、車両状態追跡、視野カメラや走行計画補助装置などの運転支援システムなどの技術によって徐々に強化されています。この進歩により、商用車運行の安全性と効率が向上しています。ルートの最適化やリアルタイムの追跡といった機能が統合されたことで、世界中のロジスティクスや輸送部門における役割が増大しています。これらの車両は、リスクを軽減し、ドライバーの可視性を高め、ルートを最適化することで、よりスムーズなサプライチェーンと業界全体の生産性向上に大きく貢献しています。ロジスティクスと運輸産業の基幹として、これらの車両は、商品や資材の移動を促進し、経済成長を支え、世界化したマーケットの需要に応える上で不可欠な役割を果たしています。

世界市場は、貿易と国境を越えた輸送の増加によって大きく動いています。これに伴い、eコマースとラストマイル・デリバリー・サービスの拡大が市場に大きく貢献しています。さらに、都市部における効率的な商品移動に対する需要の高まりが、市場にプラスの影響を与えています。これとは別に、インフラ開拓と道路網の拡大が市場を活性化しています。さらに、急速な工業化と製造活動が多くの市場機会をもたらしています。そのほか、商用車の老朽化による買い替え需要の高まりや、食品・製薬業界における温度管理された輸送へのニーズの高まりが市場を刺激しています。さらに、電気商用車やハイブリッド商用車の採用が増加し、冷凍トラックやタンカーなどの特殊車両の需要が高まっていることも、市場を後押ししています。

商用車市場動向／促進要因：

テレマティクスと車両管理ソリューションの導入の増加

テレマティクスと車両管理ソリューションの統合が進み、市場が活性化しています。これらの技術は、車両の性能、位置追跡、ドライバーの行動、メンテナンスの必要性をリアルタイムで把握し、運行管理者に力を与えます。このようなデータ主導のインテリジェンスは、業務効率を最適化し、ダウンタイムを削減し、車両の生産性を向上させる。テレマティクスと車両管理ソリューションはまた、ドライバーの行動を監視し、積極的なメンテナンスを可能にし、ルートの最適化を促進することで、安全対策を強化する上で極めて重要な役割を果たしています。業界が安全性と規制遵守をますます優先するようになるにつれ、こうしたソリューションの採用が不可欠になっています。さらに、テレマティクスと持続可能な輸送の需要との相乗効果が市場を押し上げています。ルートを最適化し、燃料消費を最小限に抑え、二酸化炭素排出量を削減することで、テレマティクスはより環境に優しく、費用対効果の高い運行に貢献します。テレマティクスと車両管理ソリューションの統合は、オペレーションの卓越性、安全性の向上、環境に優しいソリューションを提供し、商用車の展望を変えつつあります。その結果、テレマティクスは進化する業界のニーズに対応し、車両性能を最適化することで市場の成長を促進します。

オンライン食料品・生鮮品配送の拡大

オンライン食料品・生鮮品配達の拡大が市場成長の原動力となっています。消費者が食料品や生鮮品のオンラインショッピングをますます利用するようになるにつれ、効率的で信頼性の高い配送サービスへの需要が高まっています。商用車は、こうしたデリケートな商品をタイムリーかつ安全に輸送することで、この需要に応える上で重要な役割を果たしています。生鮮品の分野では、輸送中の製品の鮮度と品質を維持するため、温度制御システムを備えた特殊車両が必要とされます。冷蔵装置を備えたコールドチェーン・ロジスティクス用に設計された商用車は、生鮮食品、乳製品、医薬品などの輸送を可能にします。この拡大傾向は、都市環境を移動し、さまざまな積載量を管理し、厳しい配送スケジュールを遵守できる、多用途で設備の整った商用車に対する大きなニーズを生み出しています。その結果、業務用車両市場は、オンライン食料品や生鮮品を消費者の戸口まで効率的かつシームレスに配送する上で重要な役割を果たすため、成長を目の当たりにしています。

輸送・物流サービスのアウトソーシング動向の高まり

輸送・ロジスティクス・サービスのアウトソーシング動向の高まりが市場を強化しています。企業が業務を合理化し、コストを削減し、コアコンピタンスに集中しようとするにつれ、輸送・ロジスティクス機能を専門業者にアウトソーシングするケースが増えています。このアウトソーシングへのシフトは、ロジスティクス・サービス・プロバイダーの多様なニーズに対応するため、信頼性が高く汎用性の高い商用車への需要を大幅に増加させる。これらの車両は、さまざまな種類の貨物に対応し、厳しい配送スケジュールを遵守し、効率的な物流ネットワークを確保しなければならないです。アウトソーシングはまた、車両管理と最適化の重要性を強調し、企業が最新かつ技術主導の商用車に投資することを後押ししています。フリートオペレーターは、テレマティクス、追跡システム、高度なルート最適化ツールを装備した車両をフリートへ導入しようとしており、このダイナミックな動きが市場の成長に寄与しています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 世界の商用車市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：車両タイプ別

  • 小型商用車
    • 市場動向
    • 市場予測
  • 中型・大型商用車
    • 市場動向
    • 市場予測

第7章 市場内訳：推進タイプ別

  • ICエンジン
    • 市場動向
    • 市場予測
  • 電気自動車
    • 市場動向
    • 市場予測

第8章 市場内訳：最終用途別

  • 産業
    • 市場動向
    • 市場予測
  • 鉱業と建設
    • 市場動向
    • 市場予測
  • ロジスティクス
    • 市場動向
    • 市場予測
  • 旅客輸送
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第9章 市場内訳：地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋地域
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • AB Volvo
    • Ashok Leyland（Hinduja Group）
    • Ford Motor Company
    • General Motors Company
    • Hyundai Motor Company
    • ISUZU Motors Limited
    • Mahindra & Mahindra Limited
    • Mercedes-Benz Group AG
    • Mitsubishi Motors Corporation
    • Robert Bosch GmbH
    • Tata Motors Limited
    • Toyota Motor Corporation
    • Volkswagen AG
図表

List of Figures

  • Figure 1: Global: Commercial Vehicles Market: Major Drivers and Challenges
  • Figure 2: Global: Commercial Vehicles Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Commercial Vehicles Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Commercial Vehicles Market: Breakup by Vehicle Type (in %), 2023
  • Figure 5: Global: Commercial Vehicles Market: Breakup by Propulsion Type (in %), 2023
  • Figure 6: Global: Commercial Vehicles Market: Breakup by End Use (in %), 2023
  • Figure 7: Global: Commercial Vehicles Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Commercial Vehicles (Light Commercial Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Commercial Vehicles (Light Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Commercial Vehicles (Medium and Heavy-duty Commercial Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Commercial Vehicles (Medium and Heavy-duty Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Commercial Vehicles (IC Engine) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Commercial Vehicles (IC Engine) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Commercial Vehicles (Electric Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Commercial Vehicles (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Commercial Vehicles (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Commercial Vehicles (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Commercial Vehicles (Mining and Construction) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Commercial Vehicles (Mining and Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Commercial Vehicles (Logistics) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Commercial Vehicles (Logistics) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Commercial Vehicles (Passenger Transportation) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Commercial Vehicles (Passenger Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Commercial Vehicles (Other End Uses) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Commercial Vehicles (Other End Uses) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: North America: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: North America: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: United States: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: United States: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Canada: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Canada: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Asia-Pacific: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Asia-Pacific: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: China: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: China: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Japan: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Japan: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: India: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: India: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: South Korea: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: South Korea: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: Australia: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: Australia: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: Indonesia: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: Indonesia: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Others: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Others: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Europe: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Europe: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: Germany: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: Germany: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: France: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: France: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: United Kingdom: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: United Kingdom: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: Italy: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: Italy: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: Spain: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: Spain: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Russia: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Russia: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Others: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Others: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Latin America: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Latin America: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Brazil: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Brazil: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Mexico: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Mexico: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Others: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Others: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Middle East and Africa: Commercial Vehicles Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Middle East and Africa: Commercial Vehicles Market: Breakup by Country (in %), 2023
  • Figure 74: Middle East and Africa: Commercial Vehicles Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 75: Global: Commercial Vehicles Industry: SWOT Analysis
  • Figure 76: Global: Commercial Vehicles Industry: Value Chain Analysis
  • Figure 77: Global: Commercial Vehicles Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Commercial Vehicles Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Commercial Vehicles Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
  • Table 3: Global: Commercial Vehicles Market Forecast: Breakup by Propulsion Type (in Million US$), 2024-2032
  • Table 4: Global: Commercial Vehicles Market Forecast: Breakup by End Use (in Million US$), 2024-2032
  • Table 5: Global: Commercial Vehicles Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Commercial Vehicles Market: Competitive Structure
  • Table 7: Global: Commercial Vehicles Market: Key Players
目次
Product Code: SR112024A5460

The global commercial vehicles market size reached US$ 803.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,114.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032. The increasing governments worldwide regulations promoting emissions reduction, the growth of the construction and infrastructure sectors, the emergence of autonomous and self-driving commercial vehicles, and the rising focus on driver safety and comfort features are some of the factors propelling the market.

Commercial vehicles obtain licenses for transporting goods and materials. They may be registered under individual ownership or leased through financial institutions. Their safety is progressively enhanced through technologies such as onboard monitoring, vehicle condition tracking, and driver assistance systems like field-of-view cameras and journey planning aids. This advancement has led to increased safety and efficiency in commercial vehicle operations. The integration of features like route optimization and real-time tracking has amplified its role in the logistics and transportation sectors worldwide. These vehicles contribute significantly to smoother supply chains and improve overall industry productivity by mitigating risks, enhancing driver visibility, and optimizing routes. As the backbone of the logistics and transportation industries, these vehicles play an indispensable role in facilitating the movement of goods and materials, supporting economic growth, and meeting the demands of a globalized marketplace.

The global market is majorly driven by increasing trade and cross-border transportation. In line with this, the expansion of e-commerce and last-mile delivery services is significantly contributing to the market. Furthermore, the rising demand for efficient goods movement in urban areas is positively influencing the market. Apart from this, the growing infrastructure development and road network expansion are catalyzing the market. Moreover, rapid industrialization and manufacturing activities offer numerous market opportunities. Besides, the escalating replacement demand due to aging commercial vehicle fleets and the increasing need for temperature-controlled transport in the food and pharmaceutical industries are stimulating the market. Additionally, the rising adoption of electric and hybrid commercial vehicles and the growing demand for specialized vehicles like refrigerated trucks and tankers are providing a boost to the market.

Commercial Vehicles Market Trends/Drivers:

Increasing incorporation of telematics and fleet management solutions

The escalating integration of telematics and fleet management solutions is catalyzing the market. These technologies empower fleet operators with real-time insights into vehicle performance, location tracking, driver behavior, and maintenance needs. Such data-driven intelligence optimizes operational efficiency, reduces downtime, and enhances fleet productivity. Telematics and fleet management solutions also play a pivotal role in bolstering safety measures by monitoring driver behavior, enabling proactive maintenance, and facilitating route optimization. As industries increasingly prioritize safety and regulatory compliance, the adoption of these solutions becomes imperative. Furthermore, the synergy between telematics and the demand for sustainable transportation is boosting the market. By optimizing routes, minimizing fuel consumption, and reducing carbon footprints, telematics contributes to greener and more cost-effective operations. The integration of telematics and fleet management solutions is transforming the commercial vehicle landscape, offering operational excellence, safety enhancement, and eco-friendly solutions. Consequently, it catalyzes market growth by addressing evolving industry needs and optimizing vehicle performance.

Expansion of online grocery and perishable goods delivery

The expansion of online grocery and perishable goods delivery is fueling market growth. As consumers increasingly embrace online shopping for groceries and perishable items, the demand for efficient and reliable delivery services has increased. Commercial vehicles play a critical role in meeting this demand by ensuring timely and safe transportation of these sensitive goods. The perishable goods segment requires specialized vehicles equipped with temperature control systems to maintain the freshness and quality of products during transit. Commercial vehicles designed for cold chain logistics, equipped with refrigeration units, enable transporting items like fresh produce, dairy, and pharmaceuticals. This expanding trend creates a significant need for versatile and well-equipped commercial vehicles that can navigate urban environments, manage various load sizes, and adhere to stringent delivery schedules. Consequently, the market for commercial vehicles is witnessing growth due to their vital role in facilitating the efficient and seamless delivery of online groceries and perishable items to consumers' doorsteps.

The growing trend of outsourcing transportation and logistics services

The growing trend of outsourcing transportation and logistics services is bolstering the market. As businesses seek to streamline operations, cut costs, and focus on their core competencies, they increasingly outsource transportation and logistics functions to specialized providers. This shift toward outsourcing creates a considerable rise in the demand for reliable and versatile commercial vehicles to meet the diverse needs of logistics service providers. These vehicles must accommodate various cargo types, adhere to stringent delivery schedules, and ensure efficient distribution networks. Outsourcing also emphasizes the importance of fleet management and optimization, pushing companies to invest in modern and technology-driven commercial vehicles. This dynamic contributes to the market's growth as fleet operators look to equip their fleets with vehicles fitted with telematics, tracking systems, and advanced route optimization tools.

Commercial vehicles Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global commercial vehicles market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on vehicle type, propulsion type and end use.

Breakup by Vehicle Type:

Light Commercial Vehicle

Medium and Heavy-duty Commercial Vehicle

Light Commercial Vehicle dominates the market

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes light commercial vehicle, and medium and heavy-duty commercial vehicle. According to the report, light commercial vehicle represented the largest segment.

The light commercial vehicle segment, encompassing vans, minitrucks, and pickups, is witnessing heightened demand due to the growth of e-commerce, urban deliveries, and last-mile logistics. As consumer preferences shift towards online shopping, there is an increase in demand for efficient and elegant vehicles that can navigate urban environments and accommodate smaller loads. The versatility and maneuverability of light commercial vehicles make them vital for urban logistics and local transportation, driving their market growth.

Furthermore, the medium and heavy-duty commercial vehicle segment caters to industries like construction, mining, agriculture, and long-haul transportation needs. Infrastructure development, industrial growth, and increased trade activities are propelling demand for these larger vehicles capable of handling heavier loads and longer distances. As economies expand and industries evolve, the need for medium and heavy-duty vehicles remains strong, further contributing to the growth of this segment.

Breakup by Propulsion Type:

IC Engine

Electric Vehicle

IC Engine dominates the market

The report has provided a detailed breakup and analysis of the market based on the propulsion type. This includes IC engine and electric vehicle. According to the report, the IC engine represented the largest segment.

The IC engine segment, which includes vehicles powered by conventional gasoline or diesel engines, continues to meet the diverse needs of industries requiring long-haul transportation, heavy loads, and extensive travel ranges. However, advancements in engine efficiency and emissions regulations are shaping the evolution of this segment toward more sustainable and eco-friendly solutions.

Furthermore, the electric vehicle segment rapidly emerges as a driving force, aligned with the global push for greener transportation alternatives. With advancements in battery technology and charging infrastructure, electric commercial vehicles are gaining prominence, particularly for urban delivery services, short-haul logistics, and environmentally conscious fleet operators. Government incentives, emission reduction goals, and the lower operating costs of electric vehicles contribute to the segment's growth.

Breakup by End Use:

Industrial

Mining and Construction

Logistics

Passenger Transportation

Others

Logistics dominates the market

The report has provided a detailed breakup and analysis of the market based on end use. This includes industrial, mining and construction, logistics, passenger transportation, and other. According to the report, logistics represented the largest segment.

The logistics segment caters to the increasing need for efficient and timely movement of goods. With the rise of e-commerce and global trade, commercial vehicles in this category, including delivery vans and long-haul trucks, ensure seamless supply chains and effective distribution networks.

The industrial segment, on the other hand, encompasses a range of applications, from manufacturing to material handling. Commercial vehicles within this category, such as forklifts and industrial trucks, play a crucial role in internal logistics and factory operations, contributing to overall industrial efficiency.

Furthermore, the mining and construction segment involves heavy-duty vehicles that navigate challenging terrains and handle substantial loads. These vehicles are pivotal in extracting resources, construction activities, and infrastructure development, which are fundamental drivers of economic growth.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for commercial vehicles.

The Asia Pacific region is a vibrant hub of industrial growth, rapid urbanization, and trade activities. This region's rapid expansion of e-commerce, manufacturing, and infrastructure projects has led to significant demand for diverse commercial vehicles, from delivery vans to heavy-duty trucks. This has contributed to the augmenting demand for commercial vehicles in the region.

The North American region, on the contrary, encompasses the United States and Canada and is characterized by its mature automotive industry, robust infrastructure, and diverse applications for commercial vehicles. The region's focus on efficiency, advanced technologies, and stringent emissions regulations drives the demand for innovative and sustainable commercial vehicle solutions.

Competitive Landscape:

Top companies are strengthening the market through their strategic initiatives and innovative approaches. These industry leaders consistently invest in research and development to design and manufacture vehicles that align with evolving customer needs, regulatory requirements, and technological advancements. They focus on incorporating cutting-edge technologies such as electric and hybrid powertrains, autonomous driving capabilities, and advanced telematics to enhance vehicle performance, safety, and efficiency. By leading the charge in adopting sustainability practices and developing eco-friendly commercial vehicles, these companies are catering to the increasing demand for environmentally conscious transportation solutions. Moreover, top companies are forging collaborations with technology partners, suppliers, and competitors to drive innovation and accelerate the development of next-generation vehicles. Their commitment to quality, safety, and customer satisfaction ensures continuous improvement and market-driven innovation that strengthens the market's growth trajectory. Through innovation, sustainable practices, and strategic partnerships, these companies shape and propel the market toward a dynamic and transformative future.

The report has provided a comprehensive analysis of the competitive landscape in the commercial vehicles market. Detailed profiles of all major companies have also been provided.

AB Volvo

Ashok Leyland (Hinduja Group)

Ford Motor Company

General Motors Company

Hyundai Motor Company

ISUZU Motors Limited

Mahindra & Mahindra Limited

Mercedes-Benz Group AG

Mitsubishi Motors Corporation

Robert Bosch GmbH

Tata Motors Limited

Toyota Motor Corporation

Volkswagen AG

Recent Developments:

In June 2023, Volvo Group signed an agreement to collaborate with Heidelberg Materials, one of the largest building materials companies in the world, to reduce carbon emissions in the construction sector.

In August 2023, Ashok Leyland, the Indian flagship of the Hinduja Group, announced its Board's approval for the complete acquisition of Ohm Global Mobility Private Ltd (OHM) from OHM International Mobility Ltd. The acquisition has been agreed upon for a nominal sum of Rs 1 lakh, considering OHM's current operational status.

In August 2023, SK On, EcoProBM, and Ford jointly revealed their plans for a substantial investment amounting to C$1.2 billion. This investment is directed toward establishing a cutting-edge cathode manufacturing facility, which will be a critical source of materials to fuel Ford's forthcoming electric vehicles. Anticipated to commence operations in the first half of 2026, this facility is projected to boast an impressive annual capacity of up to 45,000 tonnes of cathode active material (CAM).

Key Questions Answered in This Report

  • 1. What was the size of the global commercial vehicles market in 2023?
  • 2. What is the expected growth rate of the global commercial vehicles market during 2024-2032?
  • 3. What has been the impact of COVID-19 on the global commercial vehicles market?
  • 4. What are the key factors driving the global commercial vehicles market?
  • 5. What is the breakup of the global commercial vehicles market based on the vehicle type?
  • 6. What is the breakup of the global commercial vehicles market based on the propulsion type?
  • 7. What is the breakup of the global commercial vehicles market based on the end use?
  • 8. What are the key regions in the global commercial vehicles market?
  • 9. Who are the key players/companies in the global commercial vehicles market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Commercial Vehicles Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Vehicle Type

  • 6.1 Light Commercial Vehicle
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Medium and Heavy-duty Commercial Vehicle
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Propulsion Type

  • 7.1 IC Engine
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Electric Vehicle
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by End Use

  • 8.1 Industrial
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Mining and Construction
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Logistics
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Passenger Transportation
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 AB Volvo
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Ashok Leyland (Hinduja Group)
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Ford Motor Company
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 General Motors Company
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Hyundai Motor Company
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 ISUZU Motors Limited
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Mahindra & Mahindra Limited
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 Mercedes-Benz Group AG
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Mitsubishi Motors Corporation
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 Robert Bosch GmbH
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 SWOT Analysis
    • 14.3.11 Tata Motors Limited
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 Toyota Motor Corporation
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Volkswagen AG
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials
      • 14.3.13.4 SWOT Analysis