Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||959328|
|Published||Content info||209 Pages
Delivery time: 1-2 business days
|Published: September 1, 2020||Content info: 209 Pages||
Global Commercial Vehicles Market to Reach 36.5 Million Units by the Year 2027
Amid the COVID-19 crisis, the global market for Commercial Vehicles estimated at 27.2 Million Units in the year 2020, is projected to reach a revised size of 36.5 Million Units by 2027, growing at a CAGR of 4.3% over the period 2020-2027.
The U.S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 7.1% CAGR for the Period of 2020-2027
The Commercial Vehicles market in the U.S. is estimated at 7.8 Million Units in the year 2020. The country currently accounts for a 28.84% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 6.5 Million Units in the year 2027 trailing a CAGR of 7.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR while Rest of European market (as defined in the study) will reach 6.5 Million Units by the year 2027.We bring years of research experience to this 15th edition of our report. The 209-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,