Heavy Duty Commercial Vehicle Market (By Tonnage: 3.5-7.5 Tonnage, 7.5-16 Tonnage, Above 16 Tonnage; By Fuel Type: Gasoline, Diesel, Alternative Fuel Type; By Propulsion: IC Engine Vehicle, Electric Vehicle) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Jun 2021 | No. of Pages : 150+ Pages | Category : Automation and Transport

The global heavy duty commercial vehicle market size was valued at US$ 337.56 Billion in the year 2020 and expected to Surpass around US$ 370 Billion by 2030.

The global Heavy Duty CV market is observing lucrative growth owing to stringent regulatory standards regarding environment conservation, supportive government policies on energy conservation, as well as growing consumer awareness about product quality. The continuous rise in demand of heavy trucks in Asia Pacific region is driving the demand of industrial products from last few years. The recent technology promises substantial reduction in maintenance costs, which is why it is received by a significantly large number of buyers hailing from diverse industrial backgrounds.

The demand for 7.5-16 tonnage vehicle is expected to be driven by the increasing demand for truck in construction and growing industrialization requiring heavy trucks for various manufacturing processes. Also, ICEs are usually powered by energy-dense fuels such as gasoline or diesel fuel, liquids derived from fossil fuels. While there are many stationary applications, most ICEs are used in mobile applications and are the dominant power supply for vehicles such as trucks, cars, aircraft and boats.

Owing to low production cost in Asian countries backed with rising industrialization, manufacturers are investing in economies such as India and China which is propelling the market growth. Positive outlook towards automobile and electronic sector coupled with rapid industrialization across developed and emerging economies will drive the Heavy-Duty CV market size. Additionally, expectation of rise in consumer demand and investment by public and private sector in small and medium scale industries will anticipated to drive the market of global Heavy-Duty CV in future.

The market is also expected to register huge growth in demand post Covid-19 pandemic situation attributable to the demand for the heavy trucks slightly increased in August 2020, as several leading manufacturers started production of trucks and electric vehicles. Growth in the automotive industry due to technological advancements, rise in population, and increase in consumer goods demand are major factors expected to drive the Heavy-Duty CV market during the forecast period.

Scope of the Report

  • The report analyses the Heavy-Duty CV Market by Tonnage (3.5-7.5 Tonnage, 7.5-16 Tonnage, Above 16 Tonnage).
  • The report analyses the Heavy-Duty CV Market by Fuel Type (Gasoline, Diesel, Alternative Fuel Type).
  • The report analyses the Heavy-Duty CV Market by Propulsion (IC Engine Vehicle, Electric Vehicle).
  • The Heavy-Duty CV Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Germany, France, Italy, China, India, Japan, South Korea).
  • Also, the attractiveness of the market has been presented by region, tonnage, fuel type, propulsion. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
  • The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Nikola Corporation, Daimler AG, General Motors, PACCAR Inc., Volvo Group, Scania, TATA Motors Ltd., Navistar, Mitsubishi Motors, AMW.
  • The report presents the analysis of Heavy-Duty CV market for the historical period of 2017-2020 and the forecast period of 2021-2030.

Key Target Audience

  • Heavy Duty CV Manufacturers
  • Consulting and Advisory Firms
  • Government and Policy Makers
  • Regulatory Authorities

In this study, the years considered to estimate the market size of agriculture equipment are as follows:

 History Year: 2016-2020

 Base Year: 2020

 Estimated Year: 2021

 Forecast Year 2021 to 2030

Major highlights of report:

 Figures related to sales volume, market remuneration, and segmental shares

 Featuring market dynamics

 Growth prospects and expansion graph

 PROCON study of direct & indirect sales channels

 Profiles of prominent traders, dealer, and distributors in the industry

Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa

 Industry forecasts based on region and at country level

 Data about sales volume recorded, industry share held, and profit margins amassed

 Overall remuneration and estimated growth rate for each regional market

Major Key Points Covered in Report:

Executive Summary: It includes key trends of the agriculture equipment market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the heavy duty commercial vehicle market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the heavy duty commercial vehicle market.

Market Segments: This part of the report discusses about product, application and other segments of the agriculture equipment market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Featured Research Reports

  • Featured Research Reports

    Lithium Titanate Batteries Market (By Product Type: 1.5V, 1.5-1.9V, 1.9-2.4V, >2.4V; By Industry: Consumer Use, Automotive) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030

  • Featured Research Reports

    Electric Vehicle Battery Market (By Battery Type:Lithium-Ion, Lead-Acid, Nickel-Metal Hydride, Sodium-Ion, Others; By Vehicle Type: Passenger Vehicles, Commercial Vehicles; By Propulsion: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022 – 2030

  • Featured Research Reports

    Tire Replacement Market (By Rubber Type: Natural Rubber, Ethylene –Propylenediene Monomer Rubber, Styrene-Butadiene Rubber, Polychlororene, Others; End User: Automotive Sector, Aviation Sector, Construction Sector; By Distribution Channel: Online Distribution Channel, Offline Distribution Channel) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022 – 2028

  • Featured Research Reports

    Automotive Fuel Delivery System Market (By Vehicle: Passenger Cars, Commercial Vehicles; By Component: Fuel pump, Fuel injector, Fuel pressure regulator, Fuel filter, Fuel rail, Air control valve, Throttle position sensor; By Fuel: Gasoline, Diesel, Other; By Alternative Fuel Vehicles: CNG, LPG, LNG) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022 – 2030

  • Featured Research Reports

    Car Towing Service Market (By Tow Vehicle Type: Flatbed Tow Truck, Integrated Tow Truck, Hook-and-Chain Tow Truck, Wheel-Lift Tow Truck; By Service Provider: Motor Insurer, Auto Manufacturer, Automotive Club, Independent Warranty Provider) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022 – 2030