Global Commercial Vehicles Market Analysis & Trends - Industry Forecast to 2025

Global Commercial Vehicles Market Analysis & Trends - Industry Forecast to 2025

  • December 2017 •
  • 206 pages •
  • Report ID: 3704440 •
  • Format: PDF
The Global Commercial Vehicles Market is poised to grow strong during the forecast period 2017 to 2025.

Some of the prominent trends that the market is witnessing include increasing demand for heavy commercial vehicles in Europe and Asia Pacific, rising demand for alternative fuel-based commercial vehicles, revival of mining industry increasing the demand for commercial vehicles and rising demand for CVs due to increasing developments in e-commerce logistics and construction sector.

By fuel type, the market is segmented into gasoline and diesel. Based on axle’s type, heavy commercial vehicles market is categorized into 2 axles, 3-4 axles and 5 & above axles.

On the basis of vehicle type, market is classified into Light Commercial Vehicles (LCVs), Medium Commercial Vehicles (MCVs), Heavy Commercial Vehicles (HCVs) and three wheelers. Further, Light Commercial Vehicles (LCVs) are sub segmented into LCV Goods <2T GVW, LCV Goods 2-3.5T GVW, LCV Goods >3.5T GVW and LCV Passenger, Medium Commercial Vehicles (MCVs) are sub classified into medium duty truck and medium duty bus, and Heavy Commercial Vehicles (HCVs) are sub categorized by heavy duty bus and heavy duty truck.