Code: IMR0004 | Automotive &Transportation | Sep-2021 | 110 Pages |
In 2021, the Global Commercial
Vehicles Market’s size was valued at USD 1.22 trillion and is estimated to
reach USD xx. xx billion by 2028 and is expected to be growing at a CAGR of 5.3%
throughout the forecast period. In this report, 2021 has been taken as the base
year while 2020 is the historical year. The forecast year for the report is
2028 to approximate the size of the market for Commercial Vehicles.
Icon Market Research’s report on Commercial
Vehicles studies the past and current opportunities of growth and trends to get
a clear picture of the growth indicators of the market for the forecast period
2021 to 2028. The report also offers the revenue generated by the Commercial
Vehicles market considering 2020 as the historical year, 2021 as the base year,
and 2028 as the forecast year. The report also consists of the compound annual
growth rate (CAGR) for the Commercial Vehicles market over the forecast period.
Overview
Report for Commercial
Vehicles
The Commercial Vehicles market report provides information and statistics on market shares, size, restraining factors, and driving factors for the forecast period 2021 to 2028. It also mentions the role of main market players in the automotive industry. The report on Commercial Vehicles market evaluates the value of the market report, keeping in mind the application and regional segments, market share, and size while forecasting the market for each product type and application of the Commercial Vehicles market in different segments of the report. The research report also mentions some sections of the Commercial Vehicles market including opportunities, growth, trend, size, demand, and technology used by prominent players of the market. Then, it gives detailed profiles of the key players as a part of the competitive landscape of the Commercial Vehicles market.
The study of the
report divides it into several sub-segments and represents the whole automotive
industry. An estimation of the revenue generated by the entire automotive
industry and its sub-segments are also provided in the report. It decides the
factors that affect the demand of the automotive industry rapidly, including
methods of development, growth networks, and the product model. The report also
points out the greatest prospects for the growth of the automotive market such as
forecasting the growth of the market, the launch of new goods, and analysis of
the product demand, purchase decisions, several economic factors that are
important to determine the trend of Commercial Vehicles market, and the
attractiveness of the market. The report on the Commercial Vehicles market will
help in assisting the stakeholders in identifying high-potential customers,
such as distributors and manufacturers.
Methodology for
Commercial Vehicles
The methods used for collecting
information for the report involve 4 main activities. These activities help in
estimating the current size of the Commercial Vehicles market. Thorough
secondary research was conducted to collect information on the Commercial
Vehicles market, such as new technologies coming into the market, and
components connected with this market. Then the collected information was
validated with experts from the automotive industry across all the value chains
through primary researches. Both top-down and bottom-up approaches were used
for estimating the market size.
The secondary research includes
collecting data from sources such as government publications such as
country-level automotive associations and organizations, World Bank, Eurostat,
Organization for Economic Co-operation and Development (OECD), and CDC;
regulatory and corporate filings such as SEC filings, annual reports, investor
presentations, and business magazines, financial statements, press releases,
and research journals, free and paid automotive databases such as Organization
International des Constructer’s d’Automobiles (OICA), Marlines, etc., and trade,
business, and professional associations. The secondary data collected was then
analyzed to predict the overall size of the market which was later validated
with primary research.
Thorough primary research was done
after getting a clear picture of the Commercial Vehicles market through
secondary research. Many market experts were interviewed for the primary
research from both the supply-side players and demand-side players and across
four major regions, namely, Europe, North America, Asia Oceania, and the Rest
of the World. Apart from the interviews, primary data was collected through
mails, questionnaires, and telephonic interviews.
Growth Mapping for Commercial Vehicles
The main aim of the
Commercial Vehicles report is to give the map of the growth for the Commercial
Vehicles market that will help in providing the clients with the required
information for the formulation strategies to meet their respective business
goals. The report also provides deep knowledge of the Commercial Vehicles for
the previous year as well as for the forecast years and what the CAGR level of
the market is going to be. This report is a synopsis of what the market
conditions are going to be while also giving information regarding the market’s
definition, classifications, applications, and engagements are. This report
also aims to analyze the Commercial Vehicles market’s developments including
the market improvement, market position, and others which are usually done by
the prominent players and brands of the automotive industry. This report also
consists of all the market drivers and restraints which are obtained through
SWOT analysis. The report also has the CAGR values of the Commercial Vehicles
market for the base years 2021, the historic year 2020, and forecast years
2021-2028.
Regional
Analysis for Commercial
Vehicles
The Commercial Vehicles market
report provides a study for more than 20 countries and their market players the
report covers a regional and country-level analysis that covers North America,
South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. The
market is deeply analyzed for each region, which helps in identifying the
market trends for each region, growth opportunities, and restraining factors.
For the forecast year 2021-2028,
it has been estimated that North America will the dominating market for Commercial
Vehicles. This region is
expected to see growth in the automotive industry because of the increasing
population, increase in per capita income, and improvement in living standards.
There has been an increase in demand for comfort features in vehicles and fuel-efficient
vehicles which accelerates the growth of the Commercial Vehicles market. The
weight reduction of vehicles and enhanced energy efficiency is further driving
the automotive industry. The other factors which are driving the growth
of the Commercial Vehicles market include the development of marketing
analytics tools and firmly established existing players in the market. In
addition to this, government agencies, companies, third-party administrators,
etc. are channelizing their efforts to make customer-centric automotive products
which will also contribute to the growth of the Commercial Vehicles market in
this region. Rising demand for vehicles and their parts, increased investment
by the government, new and advanced technology, and machinery, along with the
improved marketing tactics will likely cause the Commercial Vehicles market to
grow substantially.
The Asia Pacific market is estimated to grow at the highest CAGR during
the forecast period (2021-2028). This growth is driven by the increasing
research activities, growing demand for vehicles and parts, and an increasing
number of initiatives by market players for expanding their presence in the
APAC, and higher adoption of Commercial Vehicles in several APAC countries. Improvements in GDP per
capita and infrastructure development have urbanized the region to a greater
extent turning rural areas into urban areas. The sudden surge in the demand has
caused the cities to fall into unsustainable consumption models. The top key
players in the Commercial Vehicles market are located in the region. China and India are expected to
offer significant growth opportunities for players operating in the Commercial
Vehicles market, owing to the growing support from government bodies,
increasing demand for new vehicles with special features, and the presence of
less-stringent regulations and data requirements (as compared to developed
countries) in their respective healthcare systems.
Competitive
Landscape for Commercial
Vehicles
The report provides a competitive landscape on
both the quantitative as well as qualitative research of Commercial Vehicles
market. The report also provides detailed insights on the development methods
used by the key market players. The report offers deep research on the key
market players and details on the competitiveness of these players. The main
business strategies used by these players such as mergers and acquisitions (M&A),
collaborations, affiliations, and contracts are also and analyzed in the
report. For each competitor, the report studies their global presence, service
offerings, competitors, and specification. The main players covered by the
study on the global Commercial Vehicles market are: Ashok Leyland; Bosch
Rexroth AG; Daimler; Volkswagen AG; Toyota Motor Corporation; Mahindra and
Mahindra; TATA Motors; AB Volvo; Golden Dragon; General Motors
The Report
Provides Insights on The Following Pointers:
●
It gives a forecast analysis of
factors that are driving or restraining the development of the Commercial
Vehicles market.
●
The report gives a seven-year
forecast value evaluated on the basis of the current market performance of the
automotive industry.
●
It helps in understanding the main
segments of the products and their future.
●
The report gives a deep analysis
of changing competition in the market which keeps you ahead of your
competitors.
●
The report gives the market definition of the Commercial Vehicles
market along with the analysis of different factors influencing the market such
as drivers, opportunities, and restraints.
The Report
Answers Questions Such As:
●
What is the potential opportunity for the Commercial Vehicles
market?
●
What are the major drivers, restraints, and opportunities of the Commercial
Vehicles market?
●
What is the market share of the leading segments and sub-segments
of the Commercial Vehicles market in the forecast period (2021-2028)?
●
How did the Commercial Vehicles market evolve?
●
How each segment of the Commercial Vehicles market is expected to
grow during the forecast period?
●
What is the expected revenue to be generated by each of the
segments by the end of 2028?
●
What are the key development strategies implemented by the key
players to stand out in this Commercial Vehicles market?
●
What is the preferred business model used for building Commercial
Vehicles?
●
Which area of application is expected to be the highest revenue
generator in the Commercial Vehicles market during the forecast period?
●
Which end-user segment is expected to be the highest revenue
generator in this industry during the forecast period?
Ashok Leyland
Bosch Rexroth AG
Daimler
Volkswagen AG
Toyota Motor Corporation
Mahindra and Mahindra
TATA Motors
AB Volvo
Golden Dragon
General Motors