The Latin America, Middle East and Africa Commercial Vehicles Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
A commercial vehicle is a type of motor vehicle that is utilized to transport goods or people. This automobile has a gross combined weight of more than 26,001 pounds, along with a towed unit with a gross vehicle weight category of 10,000 pounds. The major factors enhancing the commercial vehicle market growth include increasing wholesales as a result of improvements in mining operations, irrigation projects, and infrastructure developments. Moreover, the implementation of scrappage regulations for cars that do not satisfy the fitness or emission standard will help to market increase in the coming years.
Commercial vehicles, such as cargo vans, may help the companies stay organized when making deliveries, and commercial pickup trucks are built to handle even the most difficult job sites. Simply by having everything organized, having commercial cars can help enhance efficiency. The construction sector is a major driver of the commercial vehicle market. The Neom project is a massive Saudi Arabian undertaking that aspires to build a smart future metropolis with a total size of 26,500 square kilometers and a total length of 460 kilometers. The project is estimated to cost roughly USD 500 billion.
The Brazil market dominated the LAMEA Commercial Vehicles Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $42 Billion by 2027. The Argentina market is estimated to witness a CAGR of 6.8% during (2021 - 2027). Additionally, The UAE market would exhibit CAGR of 6% during (2021 - 2027).
Based on End User, the market is segmented into Logistics, Industrial, Mining & Construction, Passenger Transportation, and Others. Based on Type, the market is segmented into Light Commercial Vehicles (LCVs), Heavy Trucks and Buses & Coaches. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Commercial Vehicles Market is Predict to reach $1634.4 Billion by 2027, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tata Motors Limited, Toyota Motor Corporation, Mahindra & Mahindra Limited (Mahindra Group), Bosch Rexroth AG (Robert Bosch GmbH), Hyundai Motor Company, Volkswagen AG, Daimler AG, General Motor Co., Ford Motor Company, and Honda Motor Co. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Logistics
- Industrial
- Mining & Construction
- Passenger Transportation
- Others
By Type
- Light Commercial Vehicles (LCVs)
- Heavy Trucks
- Buses & Coaches
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Tata Motors Limited
- Toyota Motor Corporation
- Mahindra & Mahindra Limited (Mahindra Group)
- Bosch Rexroth AG (Robert Bosch GmbH)
- Hyundai Motor Company
- Volkswagen AG
- Daimler AG
- General Motor Co.
- Ford Motor Company
- Honda Motor Co. Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Commercial Vehicles Market, by End User
1.4.2 LAMEA Commercial Vehicles Market, by Type
1.4.3 LAMEA Commercial Vehicles Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Commercial Vehicles Market by End User
3.1 LAMEA Logistics Market by Country
3.2 LAMEA Industrial Market by Country
3.3 LAMEA Mining & Construction Market by Country
3.4 LAMEA Passenger Transportation Market by Country
3.5 LAMEA Other End User Market by Country
Chapter 4. LAMEA Commercial Vehicles Market by Type
4.1 LAMEA Light Commercial Vehicles (LCVs) Market by Country
4.2 LAMEA Heavy Trucks Market by Country
4.3 LAMEA Buses & Coaches Market by Country
Chapter 5. LAMEA Commercial Vehicles Market by Country
5.1 Brazil Commercial Vehicles Market
5.1.1 Brazil Commercial Vehicles Market by End User
5.1.2 Brazil Commercial Vehicles Market by Type
5.2 Argentina Commercial Vehicles Market
5.2.1 Argentina Commercial Vehicles Market by End User
5.2.2 Argentina Commercial Vehicles Market by Type
5.3 UAE Commercial Vehicles Market
5.3.1 UAE Commercial Vehicles Market by End User
5.3.2 UAE Commercial Vehicles Market by Type
5.4 Saudi Arabia Commercial Vehicles Market
5.4.1 Saudi Arabia Commercial Vehicles Market by End User
5.4.2 Saudi Arabia Commercial Vehicles Market by Type
5.5 South Africa Commercial Vehicles Market
5.5.1 South Africa Commercial Vehicles Market by End User
5.5.2 South Africa Commercial Vehicles Market by Type
5.6 Nigeria Commercial Vehicles Market
5.6.1 Nigeria Commercial Vehicles Market by End User
5.6.2 Nigeria Commercial Vehicles Market by Type
5.7 Rest of LAMEA Commercial Vehicles Market
5.7.1 Rest of LAMEA Commercial Vehicles Market by End User
5.7.2 Rest of LAMEA Commercial Vehicles Market by Type
Chapter 6. Company Profiles
6.1 Tata Motors Limited
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.2 Toyota Motor Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Collaborations, Partnerships and Agreements:
6.2.5.2 Acquisitions and Mergers:
6.2.6 SWOT Analysis
6.3 Mahindra & Mahindra Limited (Mahindra Group)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Collaborations, Partnerships and Agreements:
6.3.5.2 Product Launches and Product Expansions:
6.4 Bosch Rexroth AG (Robert Bosch GmbH)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expense
6.5 Hyundai Motor Company
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.5.5 Recent strategies and developments:
6.5.5.1 Acquisition and Mergers:
6.5.6 SWOT Analysis
6.6 Volkswagen AG
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 SWOT Analysis
6.7 Daimler AG
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expense
6.7.5 Recent strategies and developments:
6.7.5.1 Collaborations, partnerships and agreements:
6.7.6 SWOT Analysis
6.8 General Motors Co.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Product Launches and Product Expansions:
6.8.5.2 Acquisitions and Mergers:
6.8.6 SWOT Analysis
6.9 Ford Motor Company
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 SWOT Analysis
6.10. Honda Motor Co. Ltd.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expense
6.10.5 SWOT Analysis
TABLE 1 LAMEA Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 2 LAMEA Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 3 LAMEA Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 4 LAMEA Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 5 LAMEA Logistics Market by Country, 2017 - 2020, USD Billion
TABLE 6 LAMEA Logistics Market by Country, 2021 - 2027, USD Billion
TABLE 7 LAMEA Industrial Market by Country, 2017 - 2020, USD Billion
TABLE 8 LAMEA Industrial Market by Country, 2021 - 2027, USD Billion
TABLE 9 LAMEA Mining & Construction Market by Country, 2017 - 2020, USD Billion
TABLE 10 LAMEA Mining & Construction Market by Country, 2021 - 2027, USD Billion
TABLE 11 LAMEA Passenger Transportation Market by Country, 2017 - 2020, USD Billion
TABLE 12 LAMEA Passenger Transportation Market by Country, 2021 - 2027, USD Billion
TABLE 13 LAMEA Other End User Market by Country, 2017 - 2020, USD Billion
TABLE 14 LAMEA Other End User Market by Country, 2021 - 2027, USD Billion
TABLE 15 LAMEA Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 16 LAMEA Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 17 LAMEA Light Commercial Vehicles (LCVs) Market by Country, 2017 - 2020, USD Billion
TABLE 18 LAMEA Light Commercial Vehicles (LCVs) Market by Country, 2021 - 2027, USD Billion
TABLE 19 LAMEA Heavy Trucks Market by Country, 2017 - 2020, USD Billion
TABLE 20 LAMEA Heavy Trucks Market by Country, 2021 - 2027, USD Billion
TABLE 21 LAMEA Buses & Coaches Market by Country, 2017 - 2020, USD Billion
TABLE 22 LAMEA Buses & Coaches Market by Country, 2021 - 2027, USD Billion
TABLE 23 LAMEA Commercial Vehicles Market by Country, 2017 - 2020, USD Billion
TABLE 24 LAMEA Commercial Vehicles Market by Country, 2021 - 2027, USD Billion
TABLE 25 Brazil Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 26 Brazil Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 27 Brazil Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 28 Brazil Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 29 Brazil Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 30 Brazil Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 31 Argentina Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 32 Argentina Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 33 Argentina Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 34 Argentina Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 35 Argentina Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 36 Argentina Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 37 UAE Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 38 UAE Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 39 UAE Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 40 UAE Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 41 UAE Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 42 UAE Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 43 Saudi Arabia Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 44 Saudi Arabia Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 45 Saudi Arabia Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 46 Saudi Arabia Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 47 Saudi Arabia Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 48 Saudi Arabia Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 49 South Africa Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 50 South Africa Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 51 South Africa Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 52 South Africa Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 53 South Africa Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 54 South Africa Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 55 Nigeria Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 56 Nigeria Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 57 Nigeria Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 58 Nigeria Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 59 Nigeria Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 60 Nigeria Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 61 Rest of LAMEA Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 62 Rest of LAMEA Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 63 Rest of LAMEA Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 64 Rest of LAMEA Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 65 Rest of LAMEA Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 66 Rest of LAMEA Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 67 Key Information –Tata motors Limited
TABLE 68 key information – Toyota Motor Corporation
TABLE 69 key Information – Mahindra & Mahindra Limited
TABLE 70 Key Information – Bosch Rexroth AG
TABLE 71 key Information – Hyundai Motor Company
TABLE 72 key Information – Volkswagen AG
TABLE 73 key information – Daimler AG
TABLE 74 key Information – General Motors Co.
TABLE 75 key information – Ford Motor Company
TABLE 76 key Information – Honda Motor Co. Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Toyota Motor Corporation
FIG 3 SWOT ANALSYSIS: TOYOTA MOTOR CORPORATION
FIG 4 Recent strategies and developments: Mahindra & Mahindra Limited
FIG 5 SWOT Analysis: Hyundai Motor Company
FIG 6 Swot analysis: Volkswagen AG
FIG 7 SWOT ANALYSIS: DAIMLER AG
FIG 8 Recent strategies and developments: GENERAL MOTORS CO.
FIG 9 SWOT ANALYSIS: GENERAL MOTORS CO.
FIG 10 Swot analsyis: ford motor Company
FIG 11 SWOT ANALYSIS: HONDA MOTORS CO. LTD.