Commercial Vehicles (Truck) Market Size study, by Product (Light Duty, Medium Duty, Heavy Duty), by End-User (Construction, Industrial, Oil & Gas, Others)- Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global Commercial Vehicles (Truck) Industry to reach USD XX billion by 2025.

Global Commercial Vehicles (Truck) Industry valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The Commercial Vehicles (Truck) Industry is continuously growing across the world over the coming years. The Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. Rising number of warehouses and storage facilities in both the developed and development countries, surging e-commerce sector, escalating construction industry and escalating FMCG industry are the substantial drivers of the Industry across the globe. Moreover, policies regulating the adoption of vehicles, which are likely to creating lucrative opportunity in the near future. Further, commercial trucks improves control and reduces maintenance. These benefits also rising demand of Commercial Vehicles (Truck) among its users. However, high maintenance cost one of the major factors which limiting the Industry growth of Commercial Vehicles (Truck) across the world.
The regional analysis of Global Commercial Vehicles (Truck) Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share owing to continuous investment in infrastructure projects and rising focus on in-house automotive production in the region. Europe is estimated to grow at moderate rate in the global Commercial Vehicle Industry over the upcoming years. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to rising road infrastructure and availability of effective workforce and raw material in the region.
The

Commercial Vehicles (Truck) Industry Share and Size by 2019-2025
Transportation & Logistics
Commercial Vehicles (Truck) Market Segmentation:
By Product:
* Light Duty
* Medium Duty
* Heavy Duty

By End-User:
* Construction
* Industrial
* Oil & Gas
* Others


By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Commercial Vehicles (Truck) Market are as follows:
Daimler
Volvo
Scania
Paccar
MAN
Navistar
Hino
Isuzu

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