The Business Research Company’s Commercial
Vehicle global market report, covers the year-on-year growth of the global Commercial Vehicle market
historic and forecast growth. It also includes chapters on the Commercial
Vehicle
market trends, geographical analysis, and competitive landscape.
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The Report At:
The global commercial vehicles manufacturing
market size is expected to increase by 2022, significantly growing at a CAGR of
around 7.5% during the forecast period.
Commercial
Vehicle Market Trends
The
commercial vehicles manufacturing market consists of sales of commercial
vehicles by entities (organizations, sole traders and partnerships) that
produce complete light trucks and utility vehicles such as light duty vans,
minivans, pick-up trucks and sports utility vehicles, and complete heavy duty
trucks, buses, coaches, heavy duty motor homes and other special purpose heavy
duty motor vehicles for highway use.
Truck
manufacturing companies are now using alternative drive systems to produce
environmentally friendly low carbon emission trucks. Alternative drive systems
are hydrogen-powered, electric or hybrid vehicles. They have significantly low
carbon emissions, make use of renewable fuels and lower fuel costs by up to
50%. For example, Mercedes-Benz manufactures trucks with alternative drive
systems using biogas as fuel, thus making them sustainable, inexpensive and CO2
neutral. Daimler has the world’s largest truck fleet with hybrid drives. Hybrid
trucks are being commercially used in North America, Europe and Japan.
The global Commercial Vehicle market is primarily driven by rise
in disposable income, growing population, demand of trucks in developing
countries and growing infrastructure.
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a sample of the report:
The global Commercial Vehicle market report covers the
following regions under the geographical analysis section: Asia Pacific,
Western Europe, North America, Middle East, Africa, South America, and Eastern
Europe. Major countries under each of these regions are also covered under the
country analysis chapters.
With increase in growing demand of goods
transportation and increase in economy, the global Commercial Vehicle market is
expected to increase in potential and scope. TBRC’s report also covers the Commercial
Vehicle drivers and restraints in the market.
The global Commercial Vehicle market’s segment shares in
each geographic region are mentioned in the report, along with the historic and
forecast growth rates for each segment presented visually with supporting
reasons to justify the growth rates.
The top companies included in the global Commercial
Vehicle market report are Daimler AG, Volvo
Group, Man Truck & Bus, Hino Motors, Scania.
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a Business Intelligence Company which excels in company, market and consumer
research. It has offices in the UK, the US and India and a network of trained
researchers in 15 countries globally.
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