Major companies in the commercial vehicles market include Daimler AG; Volvo Group; Man Truck & Bus; Hino Motors and Scania. The global commercial vehicle market is expected to grow from $719.08 billion in 2020 to $784.6 billion in 2021 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly due to the companies rearranging...
The African automotive market is valued at USD 28.45 billion in 2020, and it is expected to reach USD 39.87 billion by 2026, registering a CAGR of 5.55% over the forecast period. However, the outbreak of pandemic COVID-19, impaced the market very badly and majority of markets in the region have not recovered and the demand is still...
Abstract: - The global market for Automotive Chassis is projected to reach US$66.7 billion by 2025, driven by stable production of passenger cars and commercial vehicles. In the passenger cars sector, the projected demand for electric vehicles (EVs) is acting as a key growth catalyst. Defined as the loadbearing framework...
Global Commercial Vehicle Fuel Tank Market 2021-2025 The analyst has been monitoring the commercial vehicle fuel tank market and it is poised to grow by 4.06 mn units during 2021-2025, progressing at a CAGR of 4% during the forecast period. Our report on commercial vehicle fuel tank market provides a holistic analysis,...
Executive Summary The Global Heavy Duty CV Market was valued at USD 337.56 Billion in the year 2020. 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...
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The global electric commercial vehicle market size is projected to grow from 129 thousand units in 2020 to reach 2,026 thousand units by 2028, at a CAGR of 41.1%. The advancements in battery pack technologies and electric powertrains are some of the major factors driving the growth of the electric commercial vehicle industry. Many countries...
Abstract Off-Highway Trucks Procurement in the US This report is intended to assist buyers of new off-highway trucks, which are heavy-duty transport vehicles containing beds or containers that can be tilted to unload loose material and other contents. This report focuses on the two most common types of off-highway...
Trends, opportunities and forecast in GPS tracking device market to 2024 by device type (standalone tracker, OBD device, and advance tracker), deployment type (commercial vehicle and cargo & container), end use industry (transportation & logistics, construction, oil & gas, metals & mining, and government), and region (North America, Europe,...
COVID-19 has had a global impact, with governments resorting to national lockdowns and social distancing measures to mitigate the spread of the virus. The result is a large-scale drop in business confidence, consumer demand, and industrial production—leading to a global economic recession in 2020. The coronavirus outbreak has also heavily...