Market Research Report
Global Commercial Vehicles (Truck) Market Size study, by Product (Light Duty, Medium Duty, Heavy Duty), by End-User (Construction, Industrial, Oil & Gas, Others) and Regional Forecasts 2018-2025
|Published by||Bizwit Research & Consulting LLP||Product code||799111|
Delivery time: 2-3 business days
|Global Commercial Vehicles (Truck) Market Size study, by Product (Light Duty, Medium Duty, Heavy Duty), by End-User (Construction, Industrial, Oil & Gas, Others) and Regional Forecasts 2018-2025|
|Published: February 14, 2019||Content info:||
Global Commercial Vehicles (Truck) Market to reach USD XX billion by 2025.
Global Commercial Vehicles (Truck) Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Commercial Vehicles (Truck) Market is continuously growing across the world over the coming years. The Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. Rising number of warehouses and storage facilities in both the developed and development countries, surging e-commerce sector, escalating construction industry and escalating FMCG industry are the substantial drivers of the market across the globe. Moreover, policies regulating the adoption of vehicles, which are likely to creating lucrative opportunity in the near future. Further, commercial trucks improves control and reduces maintenance. These benefits also rising demand of Commercial Vehicles (Truck) among its users. However, high maintenance cost one of the major factors which limiting the market growth of Commercial Vehicles (Truck) across the world.
The regional analysis of Global Commercial Vehicles (Truck) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to continuous investment in infrastructure projects and rising focus on in-house automotive production in the region. Europe is estimated to grow at moderate rate in the global Commercial Vehicle market over the upcoming years. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to rising road infrastructure and availability of effective workforce and raw material in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Historical year - 2015, 2016
Base year - 2017
Forecast period - 2018 to 2025