Commercial Vehicles Market
Commercial Vehicles Market Forecasts to 2030 - Global Analysis By Vehicle Type (Heavy-duty Commercial Trucks, Light Commercial Pick-up Trucks , Light Commercial Vans, Medium-duty Commercial Trucks, Buses & Coaches and Other Vehicle Types), Propulsion Type, Power Source, End User and by Geography
According to Stratistics MRC, the Global Commercial Vehicles Market is accounted for $1282.73 billion in 2024 and is expected to reach $2187.04 billion by 2030 growing at a CAGR of 9.3% during the forecast period. Commercial vehicles primarily facilitate the movement of people and products in a commercial setting. A vast variety of vehicles, including trucks, vans, buses, and taxis, are included in this category; each is designed to satisfy the demands of a particular industry. Commercial vehicles are essential to the logistics and transportation industries because they make it easier for products to be moved from producers to distributors and final customers. Moreover, they are an essential component of public transportation, offering dependable and effective ways to get around.
According to the American Trucking Associations (ATA), the trucking industry is responsible for moving nearly 70% of all freight tonnage in the United States, underscoring the critical role that commercial vehicles play in the nation's economy.
Market Dynamics:
Driver:
Growing requirement for delivery in the last mile
The importance of last-mile delivery, which is the last stage of delivery where products are transported from a distribution center to the final customer, has been brought to light by the rise in online shopping. Ensuring customer satisfaction during this phase is crucial because prompt and precise deliveries are essential. Additionally, the need for light commercial vehicles that are nimble, effective, and able to maneuver through urban settings in order to deliver goods on time has increased due to the growing demand for last-mile delivery solutions.
Restraint:
Varying costs of fuel
The operating costs of commercial vehicles can be greatly impacted by the extreme volatility of fuel prices. The cost of transportation goes up with rising fuel prices, which can hurt logistics and delivery companies' profit margins. Businesses find it difficult to properly plan and budget because of this volatility, which could cause delays in fleet renewal or expansion. Furthermore, the unpredictability of fuel prices in certain areas can discourage businesses from investing in new commercial vehicles and push them to look for other forms of transportation.
Opportunity:
Growth of electric commercial automobiles
Commercial vehicle sales have a big chance as sustainability and cutting carbon emissions become more and more important. The use of electric commercial vehicles (ECVs) is growing in popularity as companies look to reduce their environmental impact and meet strict emission standards. ECVs are becoming more practical and affordable thanks to developments in battery technology and a reliable charging infrastructure. Additionally, governments everywhere are providing incentives to encourage the use of electric vehicles, including tax breaks and subsidies. Manufacturers have a great chance to create and sell a variety of electric trucks, vans, and buses thanks to this trend.
Threat:
Cybersecurity risks and technological disruption
While there are many benefits to technological advancements, the market for commercial vehicles also faces new threats. Quick advances in technology necessitate ongoing investments in new equipment and employee training, which can put strain on financial resources. Concerns about cybersecurity are also raised by the growing integration of digital technologies and connectivity features in commercial vehicles. Data breaches and cyberattacks have the potential to seriously impair operations, jeopardize security, and cost a large amount of money. Furthermore, manufacturers and operators are facing an increasing challenge in ensuring the security of connected and autonomous vehicles in order to uphold customer confidence and regulatory compliance.
Covid-19 Impact:
The COVID-19 pandemic caused major disruptions in demand, supply chains, and production, which had a profound effect on the commercial vehicle market. Vehicle sales decreased, manufacturing facilities experienced temporary shutdowns, and component deliveries were delayed as a result of lockdowns and restrictions. The pandemic hastened the transition to online shopping, increasing the need for last-mile delivery services while decreasing the need for long-distance transportation as a result of a decline in industrial activity.
The Heavy-duty Commercial Trucks segment is expected to be the largest during the forecast period
The heavy-duty commercial truck segment commands the largest market share among commercial vehicles, mainly because of its indispensable function in long-distance transportation and ability to tow large loads. Because they can move heavy loads over long distances with efficiency, these trucks are vital to many industries, such as mining, construction, and logistics. Additionally, the rise in international trade, the expansion of infrastructure, and the growing demand for effective supply chain management are the main factors driving the demand for heavy trucks.
The Electric Vehicle (EV) segment is expected to have the highest CAGR during the forecast period
In the commercial vehicle market, the electric vehicle (EV) segment is growing at the highest CAGR. Advances in battery technology, stricter emission regulations, and growing environmental concerns are the main causes of this surge. This growth is being further fuelled by governments around the world enacting policies and offering incentives to encourage the adoption of electric vehicles. Compared to conventional internal combustion engine vehicles, electric vehicles (EVs) have a number of benefits, such as lower operating costs, lower emissions, and quieter operating vehicles.
Region with largest share:
Within the commercial vehicle market, the Asia-Pacific region has the largest share. Major economies like China and India are rapidly industrializing and becoming more urbanized, which has greatly increased demand for commercial vehicles and contributed to their dominance. Further supporting market expansion in the area is its sizable and expanding population, growing middle class, and increased infrastructure development. Moreover, Asia-Pacific has a significant market share in the commercial vehicle industry, which is largely due to the presence of major vehicle manufacturers and competitive pricing strategies.
Region with highest CAGR:
The commercial vehicle market is growing at the highest CAGR in the Latin America region. Increased investments in logistics and transportation, infrastructure development initiatives, and economic recovery programs are the main drivers of this growth. Key players include Brazil and Mexico, which gain from increased demand for both passenger and freight transportation as well as from government initiatives to upgrade road networks. Additionally, the region's growing metropolitan areas and improving economic climate are also factors in the strong growth rate of commercial vehicle sales.
Key players in the market
Some of the key players in Commercial Vehicles market include Tata Motors Limited, General Motors Company, Bosch Rexroth AG, Volkswagen AG, Ford Motor Company, AB Volvo, Toyota Motor Corporation, Mitsubishi Motors Corporation, Daimler AG, Navistar International Corporation, Mercedes-Benz Group AG, Ashok Leyland Limited, Hyundai Motor Company, Robert Bosch GmbH, Mahindra & Mahindra Limited and Isuzu Motors Limited.
Key Developments:
In February 2024, Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed the first supply agreement on components of Volkswagen´s MEB for Mahindra’s purpose-built electric platform INGLO, taking a definitive step further on their joint vision for e-mobility collaboration. The deal covers the supply of certain electric components as well as unified cells.
In October 2023, General Motors and the United Auto Workers union have reached a tentative contract agreement that could end a six-week-old strike against Detroit automakers, a person briefed on the deal. The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend.
In October 2023, Tata Motors and Freight Commerce Solutions Private Limited (‘Freight Tiger’) have signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of 26.79% stake in ‘Freight Tiger’ for a consideration of Rs 150 Crores. The SSA also includes a provision enabling Tata Motors to further invest Rs 100 Crores over the next two years, at the then prevailing market value.
Vehicle Types Covered:
• Heavy-duty Commercial Trucks
• Light Commercial Pick-up Trucks
• Light Commercial Vans
• Medium-duty Commercial Trucks
• Buses & Coaches
• Other Vehicle Types
Propulsion Types Covered:
• I.C. Engine
• Electric Vehicle (EV)
Power Sources Covered:
• Gasoline
• Diesel
• HEV / PHEV
• Battery Electric Vehicle (BEV)
• Fuel Cell Vehicle
• LPG & Natural Gas
End Users Covered:
• Industrial
• Mining & Construction
• Logistics
• Passenger Transportation
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Commercial Vehicles Market, By Vehicle Type
5.1 Introduction
5.2 Heavy-duty Commercial Trucks
5.3 Light Commercial Pick-up Trucks
5.4 Light Commercial Vans
5.5 Medium-duty Commercial Trucks
5.6 Buses & Coaches
5.7 Other Vehicle Types
6 Global Commercial Vehicles Market, By Propulsion Type
6.1 Introduction
6.2 I.C. Engine
6.3 Electric Vehicle (EV)
7 Global Commercial Vehicles Market, By Power Source
7.1 Introduction
7.2 Gasoline
7.3 Diesel
7.4 HEV / PHEV
7.5 Battery Electric Vehicle (BEV)
7.6 Fuel Cell Vehicle
7.7 LPG & Natural Gas
8 Global Commercial Vehicles Market, By End User
8.1 Introduction
8.2 Industrial
8.3 Mining & Construction
8.4 Logistics
8.5 Passenger Transportation
8.6 Other End Users
9 Global Commercial Vehicles Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Tata Motors Limited
11.2 General Motors Company
11.3 Bosch Rexroth AG
11.4 Volkswagen AG
11.5 Ford Motor Company
11.6 AB Volvo
11.7 Toyota Motor Corporation
11.8 Mitsubishi Motors Corporation
11.9 Daimler AG
11.10 Navistar International Corporation
11.11 Mercedes-Benz Group AG
11.12 Ashok Leyland Limited
11.13 Hyundai Motor Company
11.14 Robert Bosch GmbH
11.15 Mahindra & Mahindra Limited
11.16 Isuzu Motors Limited
List of Tables
1 Global Commercial Vehicles Market Outlook, By Region (2022-2030) ($MN)
2 Global Commercial Vehicles Market Outlook, By Vehicle Type (2022-2030) ($MN)
3 Global Commercial Vehicles Market Outlook, By Heavy-duty Commercial Trucks (2022-2030) ($MN)
4 Global Commercial Vehicles Market Outlook, By Light Commercial Pick-up Trucks (2022-2030) ($MN)
5 Global Commercial Vehicles Market Outlook, By Light Commercial Vans (2022-2030) ($MN)
6 Global Commercial Vehicles Market Outlook, By Medium-duty Commercial Trucks (2022-2030) ($MN)
7 Global Commercial Vehicles Market Outlook, By Buses & Coaches (2022-2030) ($MN)
8 Global Commercial Vehicles Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
9 Global Commercial Vehicles Market Outlook, By Propulsion Type (2022-2030) ($MN)
10 Global Commercial Vehicles Market Outlook, By I.C. Engine (2022-2030) ($MN)
11 Global Commercial Vehicles Market Outlook, By Electric Vehicle (EV) (2022-2030) ($MN)
12 Global Commercial Vehicles Market Outlook, By Power Source (2022-2030) ($MN)
13 Global Commercial Vehicles Market Outlook, By Gasoline (2022-2030) ($MN)
14 Global Commercial Vehicles Market Outlook, By Diesel (2022-2030) ($MN)
15 Global Commercial Vehicles Market Outlook, By HEV / PHEV (2022-2030) ($MN)
16 Global Commercial Vehicles Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
17 Global Commercial Vehicles Market Outlook, By Fuel Cell Vehicle (2022-2030) ($MN)
18 Global Commercial Vehicles Market Outlook, By LPG & Natural Gas (2022-2030) ($MN)
19 Global Commercial Vehicles Market Outlook, By End User (2022-2030) ($MN)
20 Global Commercial Vehicles Market Outlook, By Industrial (2022-2030) ($MN)
21 Global Commercial Vehicles Market Outlook, By Mining & Construction (2022-2030) ($MN)
22 Global Commercial Vehicles Market Outlook, By Logistics (2022-2030) ($MN)
23 Global Commercial Vehicles Market Outlook, By Passenger Transportation (2022-2030) ($MN)
24 Global Commercial Vehicles Market Outlook, By Other End Users (2022-2030) ($MN)
25 North America Commercial Vehicles Market Outlook, By Country (2022-2030) ($MN)
26 North America Commercial Vehicles Market Outlook, By Vehicle Type (2022-2030) ($MN)
27 North America Commercial Vehicles Market Outlook, By Heavy-duty Commercial Trucks (2022-2030) ($MN)
28 North America Commercial Vehicles Market Outlook, By Light Commercial Pick-up Trucks (2022-2030) ($MN)
29 North America Commercial Vehicles Market Outlook, By Light Commercial Vans (2022-2030) ($MN)
30 North America Commercial Vehicles Market Outlook, By Medium-duty Commercial Trucks (2022-2030) ($MN)
31 North America Commercial Vehicles Market Outlook, By Buses & Coaches (2022-2030) ($MN)
32 North America Commercial Vehicles Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
33 North America Commercial Vehicles Market Outlook, By Propulsion Type (2022-2030) ($MN)
34 North America Commercial Vehicles Market Outlook, By I.C. Engine (2022-2030) ($MN)
35 North America Commercial Vehicles Market Outlook, By Electric Vehicle (EV) (2022-2030) ($MN)
36 North America Commercial Vehicles Market Outlook, By Power Source (2022-2030) ($MN)
37 North America Commercial Vehicles Market Outlook, By Gasoline (2022-2030) ($MN)
38 North America Commercial Vehicles Market Outlook, By Diesel (2022-2030) ($MN)
39 North America Commercial Vehicles Market Outlook, By HEV / PHEV (2022-2030) ($MN)
40 North America Commercial Vehicles Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
41 North America Commercial Vehicles Market Outlook, By Fuel Cell Vehicle (2022-2030) ($MN)
42 North America Commercial Vehicles Market Outlook, By LPG & Natural Gas (2022-2030) ($MN)
43 North America Commercial Vehicles Market Outlook, By End User (2022-2030) ($MN)
44 North America Commercial Vehicles Market Outlook, By Industrial (2022-2030) ($MN)
45 North America Commercial Vehicles Market Outlook, By Mining & Construction (2022-2030) ($MN)
46 North America Commercial Vehicles Market Outlook, By Logistics (2022-2030) ($MN)
47 North America Commercial Vehicles Market Outlook, By Passenger Transportation (2022-2030) ($MN)
48 North America Commercial Vehicles Market Outlook, By Other End Users (2022-2030) ($MN)
49 Europe Commercial Vehicles Market Outlook, By Country (2022-2030) ($MN)
50 Europe Commercial Vehicles Market Outlook, By Vehicle Type (2022-2030) ($MN)
51 Europe Commercial Vehicles Market Outlook, By Heavy-duty Commercial Trucks (2022-2030) ($MN)
52 Europe Commercial Vehicles Market Outlook, By Light Commercial Pick-up Trucks (2022-2030) ($MN)
53 Europe Commercial Vehicles Market Outlook, By Light Commercial Vans (2022-2030) ($MN)
54 Europe Commercial Vehicles Market Outlook, By Medium-duty Commercial Trucks (2022-2030) ($MN)
55 Europe Commercial Vehicles Market Outlook, By Buses & Coaches (2022-2030) ($MN)
56 Europe Commercial Vehicles Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
57 Europe Commercial Vehicles Market Outlook, By Propulsion Type (2022-2030) ($MN)
58 Europe Commercial Vehicles Market Outlook, By I.C. Engine (2022-2030) ($MN)
59 Europe Commercial Vehicles Market Outlook, By Electric Vehicle (EV) (2022-2030) ($MN)
60 Europe Commercial Vehicles Market Outlook, By Power Source (2022-2030) ($MN)
61 Europe Commercial Vehicles Market Outlook, By Gasoline (2022-2030) ($MN)
62 Europe Commercial Vehicles Market Outlook, By Diesel (2022-2030) ($MN)
63 Europe Commercial Vehicles Market Outlook, By HEV / PHEV (2022-2030) ($MN)
64 Europe Commercial Vehicles Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
65 Europe Commercial Vehicles Market Outlook, By Fuel Cell Vehicle (2022-2030) ($MN)
66 Europe Commercial Vehicles Market Outlook, By LPG & Natural Gas (2022-2030) ($MN)
67 Europe Commercial Vehicles Market Outlook, By End User (2022-2030) ($MN)
68 Europe Commercial Vehicles Market Outlook, By Industrial (2022-2030) ($MN)
69 Europe Commercial Vehicles Market Outlook, By Mining & Construction (2022-2030) ($MN)
70 Europe Commercial Vehicles Market Outlook, By Logistics (2022-2030) ($MN)
71 Europe Commercial Vehicles Market Outlook, By Passenger Transportation (2022-2030) ($MN)
72 Europe Commercial Vehicles Market Outlook, By Other End Users (2022-2030) ($MN)
73 Asia Pacific Commercial Vehicles Market Outlook, By Country (2022-2030) ($MN)
74 Asia Pacific Commercial Vehicles Market Outlook, By Vehicle Type (2022-2030) ($MN)
75 Asia Pacific Commercial Vehicles Market Outlook, By Heavy-duty Commercial Trucks (2022-2030) ($MN)
76 Asia Pacific Commercial Vehicles Market Outlook, By Light Commercial Pick-up Trucks (2022-2030) ($MN)
77 Asia Pacific Commercial Vehicles Market Outlook, By Light Commercial Vans (2022-2030) ($MN)
78 Asia Pacific Commercial Vehicles Market Outlook, By Medium-duty Commercial Trucks (2022-2030) ($MN)
79 Asia Pacific Commercial Vehicles Market Outlook, By Buses & Coaches (2022-2030) ($MN)
80 Asia Pacific Commercial Vehicles Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
81 Asia Pacific Commercial Vehicles Market Outlook, By Propulsion Type (2022-2030) ($MN)
82 Asia Pacific Commercial Vehicles Market Outlook, By I.C. Engine (2022-2030) ($MN)
83 Asia Pacific Commercial Vehicles Market Outlook, By Electric Vehicle (EV) (2022-2030) ($MN)
84 Asia Pacific Commercial Vehicles Market Outlook, By Power Source (2022-2030) ($MN)
85 Asia Pacific Commercial Vehicles Market Outlook, By Gasoline (2022-2030) ($MN)
86 Asia Pacific Commercial Vehicles Market Outlook, By Diesel (2022-2030) ($MN)
87 Asia Pacific Commercial Vehicles Market Outlook, By HEV / PHEV (2022-2030) ($MN)
88 Asia Pacific Commercial Vehicles Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
89 Asia Pacific Commercial Vehicles Market Outlook, By Fuel Cell Vehicle (2022-2030) ($MN)
90 Asia Pacific Commercial Vehicles Market Outlook, By LPG & Natural Gas (2022-2030) ($MN)
91 Asia Pacific Commercial Vehicles Market Outlook, By End User (2022-2030) ($MN)
92 Asia Pacific Commercial Vehicles Market Outlook, By Industrial (2022-2030) ($MN)
93 Asia Pacific Commercial Vehicles Market Outlook, By Mining & Construction (2022-2030) ($MN)
94 Asia Pacific Commercial Vehicles Market Outlook, By Logistics (2022-2030) ($MN)
95 Asia Pacific Commercial Vehicles Market Outlook, By Passenger Transportation (2022-2030) ($MN)
96 Asia Pacific Commercial Vehicles Market Outlook, By Other End Users (2022-2030) ($MN)
97 South America Commercial Vehicles Market Outlook, By Country (2022-2030) ($MN)
98 South America Commercial Vehicles Market Outlook, By Vehicle Type (2022-2030) ($MN)
99 South America Commercial Vehicles Market Outlook, By Heavy-duty Commercial Trucks (2022-2030) ($MN)
100 South America Commercial Vehicles Market Outlook, By Light Commercial Pick-up Trucks (2022-2030) ($MN)
101 South America Commercial Vehicles Market Outlook, By Light Commercial Vans (2022-2030) ($MN)
102 South America Commercial Vehicles Market Outlook, By Medium-duty Commercial Trucks (2022-2030) ($MN)
103 South America Commercial Vehicles Market Outlook, By Buses & Coaches (2022-2030) ($MN)
104 South America Commercial Vehicles Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
105 South America Commercial Vehicles Market Outlook, By Propulsion Type (2022-2030) ($MN)
106 South America Commercial Vehicles Market Outlook, By I.C. Engine (2022-2030) ($MN)
107 South America Commercial Vehicles Market Outlook, By Electric Vehicle (EV) (2022-2030) ($MN)
108 South America Commercial Vehicles Market Outlook, By Power Source (2022-2030) ($MN)
109 South America Commercial Vehicles Market Outlook, By Gasoline (2022-2030) ($MN)
110 South America Commercial Vehicles Market Outlook, By Diesel (2022-2030) ($MN)
111 South America Commercial Vehicles Market Outlook, By HEV / PHEV (2022-2030) ($MN)
112 South America Commercial Vehicles Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
113 South America Commercial Vehicles Market Outlook, By Fuel Cell Vehicle (2022-2030) ($MN)
114 South America Commercial Vehicles Market Outlook, By LPG & Natural Gas (2022-2030) ($MN)
115 South America Commercial Vehicles Market Outlook, By End User (2022-2030) ($MN)
116 South America Commercial Vehicles Market Outlook, By Industrial (2022-2030) ($MN)
117 South America Commercial Vehicles Market Outlook, By Mining & Construction (2022-2030) ($MN)
118 South America Commercial Vehicles Market Outlook, By Logistics (2022-2030) ($MN)
119 South America Commercial Vehicles Market Outlook, By Passenger Transportation (2022-2030) ($MN)
120 South America Commercial Vehicles Market Outlook, By Other End Users (2022-2030) ($MN)
121 Middle East & Africa Commercial Vehicles Market Outlook, By Country (2022-2030) ($MN)
122 Middle East & Africa Commercial Vehicles Market Outlook, By Vehicle Type (2022-2030) ($MN)
123 Middle East & Africa Commercial Vehicles Market Outlook, By Heavy-duty Commercial Trucks (2022-2030) ($MN)
124 Middle East & Africa Commercial Vehicles Market Outlook, By Light Commercial Pick-up Trucks (2022-2030) ($MN)
125 Middle East & Africa Commercial Vehicles Market Outlook, By Light Commercial Vans (2022-2030) ($MN)
126 Middle East & Africa Commercial Vehicles Market Outlook, By Medium-duty Commercial Trucks (2022-2030) ($MN)
127 Middle East & Africa Commercial Vehicles Market Outlook, By Buses & Coaches (2022-2030) ($MN)
128 Middle East & Africa Commercial Vehicles Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
129 Middle East & Africa Commercial Vehicles Market Outlook, By Propulsion Type (2022-2030) ($MN)
130 Middle East & Africa Commercial Vehicles Market Outlook, By I.C. Engine (2022-2030) ($MN)
131 Middle East & Africa Commercial Vehicles Market Outlook, By Electric Vehicle (EV) (2022-2030) ($MN)
132 Middle East & Africa Commercial Vehicles Market Outlook, By Power Source (2022-2030) ($MN)
133 Middle East & Africa Commercial Vehicles Market Outlook, By Gasoline (2022-2030) ($MN)
134 Middle East & Africa Commercial Vehicles Market Outlook, By Diesel (2022-2030) ($MN)
135 Middle East & Africa Commercial Vehicles Market Outlook, By HEV / PHEV (2022-2030) ($MN)
136 Middle East & Africa Commercial Vehicles Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
137 Middle East & Africa Commercial Vehicles Market Outlook, By Fuel Cell Vehicle (2022-2030) ($MN)
138 Middle East & Africa Commercial Vehicles Market Outlook, By LPG & Natural Gas (2022-2030) ($MN)
139 Middle East & Africa Commercial Vehicles Market Outlook, By End User (2022-2030) ($MN)
140 Middle East & Africa Commercial Vehicles Market Outlook, By Industrial (2022-2030) ($MN)
141 Middle East & Africa Commercial Vehicles Market Outlook, By Mining & Construction (2022-2030) ($MN)
142 Middle East & Africa Commercial Vehicles Market Outlook, By Logistics (2022-2030) ($MN)
143 Middle East & Africa Commercial Vehicles Market Outlook, By Passenger Transportation (2022-2030) ($MN)
144 Middle East & Africa Commercial Vehicles Market Outlook, By Other End Users (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
