Feb 16, 2021 (The Expresswire) -- Commercial Vehicle Market | 2021 Automotive Sector Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2028 is latest study published by Fortune Business Insights. According to report Global Commercial Vehicle Market to Rise At notable CAGR by 2023. Commercial Vehicle Industry report anlayzes Market for Commercial Vehicle By Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle, and Buses and Coaches), By Power Source (Gasoline, Diesel, HEV / PHEV, Battery Electric Vehicle (BEV), Fuel Cell Vehicle) and Regional Forecast, 2020-2027
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Commercial Vehicle Manufacturers Analyzed in Report:
Daimler AG (Stuttgart, Germany), PACCAR Inc. (Washington, United States), Hino (Tokyo, Japan), SCANIA (Södertälje, Sweden), Tata Motors (Mumbai, India), Navistar International Corp (Illinois, United States), BYD Auto Co., Ltd. (Shenzhen, China), AB Volvo (Gothenburg, Sweden), Toyota Motor Corporation (Toyota, Aichi, Japan), Proterra, Inc. (California, United State).
Global Commercial Vehicle Market Highlights:
The global commercial vehicle market size is projected to reach USD 621.1 billion by the end of 2027. The increasing IT sector and rapid industrialization across the globe will emerge in favor of market growth. Commercial Vehicle Market was worth USD 748.6 billion in 2019 and will exhibit a CAGR of -2.3% during the forecast period 2020-2027.
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A commercial vehicle is used for transportation of goods or to carry passengers. Accounting to the rising daily commute rate and increasing long-distance transportation and trade activities, there is a massive demand for commercial type of vehicles across the world. The presence of several large scale companies in several countries across the world has resulted in healthy market competition. Thus, SMEs are finding it difficult to operate seamlessly. As large scale companies hold the privilege to acquire smaller companies as well as other large scale companies, SMEs look to implement newer strategies that will help them attract a wider consumer base. Although the market looks set to perform well in the long run, there surely are a few short term hurdles, mainly due to the pandemic.
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions, as well as collaborations, has made the highest impact on the growth of the market. Accounting to increasing market competition, it is observed that major companies are benefiting from collaborations and joint ventures. In July 2019, Daimler announced that it has entered into a strategic partnership with BMW for developing new technology for automatic parking as well as a driver assistance system on highways. This partnership will also help the companies to achieve a higher level of automation in urban centers. The increasing number of company mergers and acquisitions will have a massive impact on the growth of the global market in the coming years.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations travel bans and quarantines restaurants closed all indoor events restricted over forty countries state of emergency declared massive slowing of the IT Spending market volatility falling business confidence, growing panic among the population, and uncertainty about future.
The report provides an in-depth analysis of the global Commercial Vehicle market. It highlights the latest product launches and labels major innovations in the market. In addition to this, it states the impact of these products on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years. Forecast values have been provided for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals.
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of several large scale companies in this region will have a direct impact on the growth of the regional market. The increasing adoption of these vehicles is attributable to the increasing application of the product across diverse industries. As of 2019, the market in North America was worth USD 332.9 billion and this value is projected to rise at a considerable pace in the coming years. The market in Asia Pacific will derive growth from the rising population and the use of commercial vehicles as a medium for the daily commute.
This report focuses on Commercial Vehicle Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Commercial Vehicle Highlights of the Report:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
Competitive Analysis And Industry News:
The Commercial Vehicle Market Size , Share, Growth report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Key questions answered in the report:
What will the market growth rate of Commercial Vehicle market in 2026?
What are the key factors driving the global Commercial Vehicle market?
Who are the key manufacturers in Commercial Vehicle Industry space?
What are the market opportunities, market risk and market overview of the Commercial Vehicle Global market?
What are sales, revenue, and price analysis of top manufacturers of Commercial Vehicle Global market?
What are sales, revenue, and price analysis by types and applications of Commercial Vehicle market?
What are sales, revenue, and price analysis by regions of Commercial Vehicle industry?
Table Of Content:
1 Market Overview
1.1 Commercial Vehicle Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
22.214.171.124 United States Market States and Outlook (2020-2026)
126.96.36.199 Canada Market States and Outlook (2020-2026)
188.8.131.52 Mexico Market States and Outlook (2020-2026)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
184.108.40.206 Germany Market States and Outlook (2020-2026)
220.127.116.11 France Market States and Outlook (2020-2026)
18.104.22.168 UK Market States and Outlook (2020-2026)
22.214.171.124 Russia Market States and Outlook (2020-2026)
126.96.36.199 Italy Market States and Outlook (2020-2026)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
188.8.131.52 China Market States and Outlook (2020-2026)
184.108.40.206 Japan Market States and Outlook (2020-2026)
220.127.116.11 Korea Market States and Outlook (2020-2026)
18.104.22.168 India Market States and Outlook (2020-2026)
22.214.171.124 Southeast Asia Market States and Outlook (2020-2026)
1.4.4 South America, Middle East and Africa
126.96.36.199 Brazil Market States and Outlook (2020-2026)
188.8.131.52 Egypt Market States and Outlook (2020-2026)
184.108.40.206 Saudi Arabia Market States and Outlook (2020-2026)
220.127.116.11 South Africa Market States and Outlook (2020-2026)
18.104.22.168 Turkey Market States and Outlook (2020-2026)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Commercial Vehicle Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Commercial Vehicle Sales and Market Share by Manufacturer (2017-2018)