The North America Commercial Vehicles Market would witness market growth of 4.1% CAGR during the forecast period (2021-2027).
A commercial vehicle is any motorized vehicle used for the delivery of products. Several government bodies throughout the globe have enacted various policies and created numerous rules aimed at effective management of the number of products carried in a commercial vehicle. For example, in the United States, the Federal Motor Carrier Safety Administration (FMCSA) is responsible for reducing commercial vehicle injuries and fatalities. The FMCSA has prepared a regulation governing the size of commodities carried in a vehicle. Such rules are projected to stimulate sales of new commercial vehicles for goods transportation, consequently boosting market development throughout the forecast period.
The region is witnessing increased demand for commercial cars. The reason for this is the increasing requirements by fleet management for long-distance operations. Moreover, the regional governments are enacting several laws pertaining to carbon emissions. Hence, the regional manufacturers are applying the same technology in commercial vehicles and buses in order to reduce carbon emissions, but they will face some distinct problems. Long-distance hauling vehicles are already extensively optimized for fuel efficiency and duty cycle. Commercial vehicles are vehicles that are used to transport products for a fee. Commercial vehicle markets are continually changing as a result of increasing trade volumes for commodities and resources, continued development.
The US market dominated the North America Commercial Vehicles Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $389.5 Billion by 2027. The Canada market is anticipated to grow at a CAGR of 6.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 5.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Commercial Vehicles Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Commercial Vehicles Market, by End User
1.4.2 North America Commercial Vehicles Market, by Type
1.4.3 North America 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. North America Commercial Vehicles Market by End User
3.1 North America Logistics Market by Country
3.2 North America Industrial Market by Country
3.3 North America Mining & Construction Market by Country
3.4 North America Passenger Transportation Market by Country
3.5 North America Other End User Market by Country
Chapter 4. North America Commercial Vehicles Market by Type
4.1 North America Light Commercial Vehicles (LCVs) Market by Country
4.2 North America Heavy Trucks Market by Country
4.3 North America Buses & Coaches Market by Country
Chapter 5. North America Commercial Vehicles Market by Country
5.1 US Commercial Vehicles Market
5.1.1 US Commercial Vehicles Market by End User
5.1.2 US Commercial Vehicles Market by Type
5.2 Canada Commercial Vehicles Market
5.2.1 Canada Commercial Vehicles Market by End User
5.2.2 Canada Commercial Vehicles Market by Type
5.3 Mexico Commercial Vehicles Market
5.3.1 Mexico Commercial Vehicles Market by End User
5.3.1.1.1 Mexico Commercial Vehicles Market by Type
5.4 Rest of North America Commercial Vehicles Market
5.4.1 Rest of North America Commercial Vehicles Market by End User
5.4.2 Rest of North America 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
6.1 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 North America Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 2 North America Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 3 North America Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 4 North America Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 5 North America Logistics Market by Country, 2017 - 2020, USD Billion
TABLE 6 North America Logistics Market by Country, 2021 - 2027, USD Billion
TABLE 7 North America Industrial Market by Country, 2017 - 2020, USD Billion
TABLE 8 North America Industrial Market by Country, 2021 - 2027, USD Billion
TABLE 9 North America Mining & Construction Market by Country, 2017 - 2020, USD Billion
TABLE 10 North America Mining & Construction Market by Country, 2021 - 2027, USD Billion
TABLE 11 North America Passenger Transportation Market by Country, 2017 - 2020, USD Billion
TABLE 12 North America Passenger Transportation Market by Country, 2021 - 2027, USD Billion
TABLE 13 North America Other End User Market by Country, 2017 - 2020, USD Billion
TABLE 14 North America Other End User Market by Country, 2021 - 2027, USD Billion
TABLE 15 North America Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 16 North America Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 17 North America Light Commercial Vehicles (LCVs) Market by Country, 2017 - 2020, USD Billion
TABLE 18 North America Light Commercial Vehicles (LCVs) Market by Country, 2021 - 2027, USD Billion
TABLE 19 North America Heavy Trucks Market by Country, 2017 - 2020, USD Billion
TABLE 20 North America Heavy Trucks Market by Country, 2021 - 2027, USD Billion
TABLE 21 North America Buses & Coaches Market by Country, 2017 - 2020, USD Billion
TABLE 22 North America Buses & Coaches Market by Country, 2021 - 2027, USD Billion
TABLE 23 North America Commercial Vehicles Market by Country, 2017 - 2020, USD Billion
TABLE 24 North America Commercial Vehicles Market by Country, 2021 - 2027, USD Billion
TABLE 25 US Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 26 US Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 27 US Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 28 US Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 29 US Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 30 US Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 31 Canada Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 32 Canada Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 33 Canada Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 34 Canada Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 35 Canada Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 36 Canada Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 37 Mexico Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 38 Mexico Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 39 Mexico Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 40 Mexico Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 41 Mexico Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 42 Mexico Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 43 Rest of North America Commercial Vehicles Market, 2017 - 2020, USD Billion
TABLE 44 Rest of North America Commercial Vehicles Market, 2021 - 2027, USD Billion
TABLE 45 Rest of North America Commercial Vehicles Market by End User, 2017 - 2020, USD Billion
TABLE 46 Rest of North America Commercial Vehicles Market by End User, 2021 - 2027, USD Billion
TABLE 47 Rest of North America Commercial Vehicles Market by Type, 2017 - 2020, USD Billion
TABLE 48 Rest of North America Commercial Vehicles Market by Type, 2021 - 2027, USD Billion
TABLE 49 Key Information –Tata motors Limited
TABLE 50 key information – Toyota Motor Corporation
TABLE 51 key Information – Mahindra & Mahindra Limited
TABLE 52 Key Information – Bosch Rexroth AG
TABLE 53 key Information – Hyundai Motor Company
TABLE 54 key Information – Volkswagen AG
TABLE 55 key information – Daimler AG
TABLE 56 key Information – General Motors Co.
TABLE 57 key information – Ford Motor Company
TABLE 58 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.