DUBLIN--(BUSINESS WIRE)--The "Commercial Vehicles Market Size, Share & Trends Analysis Report by Product (LCVs, Heavy Trucks, Buses & Coaches), by End Use (Industrial, Mining & Construction), by Region and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global commercial vehicles market size is expected to reach USD 1.82 trillion by 2028. The market is anticipated to register a CAGR of 5.2% from 2021 to 2028.
Continued infrastructure development and the growth of the construction and mining industries and the subsequent need for the development of road infrastructure are expected to drive the growth.
The unabated growth of the e-commerce industry, which has drastically transformed the logistics industry, is also expected to drive the demand for commercial vehicles. Advanced in technology and the continued integration of telematics and communication capabilities into commercial vehicles also bodes well for the growth of the market over the forecast period.
The market is evolving consistently in line with the advances in technology and changing preferences of end users. The need to ensure safety and convenience while traveling is driving technological advancements. The introduction of truck platooning has particularly enhanced the safety of trucks.
Platooning envisages driving trucks closer to each other at a constant speed with reduced acceleration and braking, thereby controlling fuel consumption. Truck platooning can potentially reduce CO2 emissions by up to 10%. Platooning can also help increase safety by implementing automatic braking. As such, platooning also helps ensure efficient use of roads, reducing traffic jams and delivering goods faster than ever.
Customers willing to invest in commercial vehicles are also scouting for additional services, such as financing services, rental services and leasing services. The growing demand for individualized solutions is another trend increasingly being adopted in the market. Large enterprises, along with medium-sized companies, are also opting for customized financial deals, especially in leasing solutions.
At the same time, the focus of safety in commercial vehicles is gradually shifting from reducing the impact of an accident to preventing an accident. Hence, customers are opting for vehicles equipped with new-age safety features that can potentially help prevent accidents.
Key Topics Covered:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends, & Scope
3.1 Penetration and Growth Prospect Mapping
3.2 Commercial Vehicles - Value Chain Analysis
3.3 Commercial Vehicles Market Dynamics
3.4 Commercial Vehicles Industry Analysis - PESTLE
3.5 Commercial Vehicles Industry Analysis - Porter's
Chapter 4 Commercial Vehicles Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis& Market Share, 2020 & 2028
4.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the following:
4.2.1 Light Commercial Vehicles (LCVs)
4.2.2 Heavy Trucks
4.2.3 Buses & Coaches
Chapter 5 Commercial Vehicles Market: End-Use Estimates & Trend Analysis
5.1 End-Use Movement Analysis& Market Share, 2020 & 2028
5.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the following:
5.2.1 Industrial
5.2.2 Mining & Construction
5.2.3 Logistics
5.2.4 Passenger Transportation
5.2.5 Others
Chapter 6 Commercial Vehicles Market: Regional Estimates & Trend Analysis
6.1 Regional Movement Analysis& Market Share, 2020 & 2028
6.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028
Chapter 7 Competitive Landscape
7.1 Key Company Analysis, 2020
7.2 Company Profiles
- Ashok Leyland
- Bosch Rexroth AG
- Daimler AG
- Volkswagen AG
- Toyota Motor Corporation
- Mahindra and Mahindra
- TATA Motors
- VOLVO
- Golden Dragon
- General Motors
For more information about this report visit https://www.researchandmarkets.com/r/iidpcy
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900