Heavy commercial vehicles are the vehicles that are used for the transportation of people and goods. A heavy commercial vehicle are those vehicles whose weight is more than 7 tons, according to OICA. Rapid industrialization, road infrastructure development, continuous growth in commercial activity, such as growth in logistics, distribution, and public transportation are the major factors driving the growth of the heavy commercial vehicle market.
MARKET DYNAMICS
The growing number of construction and e-commerce activities across the globe resulted in a rise in demand for material transportation; this, in turn, increased commercial vehicle sales. This factor is likely to propel the growth of the heavy commercial vehicle market in the near future. Further, growing tourism activities and increasing agriculture, construction, and mining sectors are heavily demanding for the bus, coach, tractor, and construction equipment, which also influences the heavy commercial vehicle market growth.
MARKET SCOPE
The "Global Heavy Commercial Vehicle Market Analysis to 2028"? is a specialized and in-depth study of the heavy commercial vehicle industry with a special focus on the global market trend analysis. The report aims to provide an overview heavy commercial vehicle market with detailed market segmentation as vehicle type, axles type, and geography. The global heavy commercial vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading heavy commercial vehicle market players and offers key trends and opportunities in the heavy commercial vehicle market.
MARKET SEGMENTATION
The global heavy commercial vehicle market is segmented on the basis of vehicle type, axles type. On the basis of vehicle type the market is segmented as bus, coach, tractor, truck, construction equipment and trailer. On the basis of axles type the market is segmented as 2 axles, 3-4 axles, 5 and above axles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global heavy commercial vehicle market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The heavy commercial vehicle market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting heavy commercial vehicle market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the heavy commercial vehicle market in these regions.
MARKET PLAYERS
The reports cover key developments in the heavy commercial vehicle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Heavy commercial vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for heavy commercial vehicle in the global market. Below mentioned is the list of few companies engaged in the heavy commercial vehicle market.
The report also includes the profiles of key heavy commercial vehicle companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AB Volvo
- Caterpillar Inc.
- CNH Industrial N.V.
- Daimler AG
- Hyundai Motor Company
- Isuzu Motors Ltd.
- PACCAR Inc.
- Tata Motors Limited
- Toyota Motor Corporation
- Volkswagen Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.