Increase in Road Infrastructure, Followed by Rise in Demand in Logistics Industry and Increase in Preference for Connected Commercial Vehicles is Set to Drive Global Commercial Vehicle Market Over the Forecast Period: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit A commercial vehicle is a type of motor vehicle used for transporting goods or materials. Commercial vehicles are generally used for business. These vehicles are usually being able to carry two, three or more passengers. These vehicles uses behind the seat for carry materials or goods. Commercial vehicles are classified as panel van, drop side van, double-cab-in-van, tipper van and chassis cab etc. According to study, “Commercial Vehicle Global Market Report 2019” the key companies operating in the global commercial vehicle market are Daimler AG, Man Truck & Bus, Volvo Group, Hino Motors, Scania, Ashok Leyland, Volkswagen AG, Bosch Rexroth AG, Toyota Motor Corp., Tata Motors, Mahindra and Mahindra Ltd., General Motors, Golden Dragon, SML Isuzu Motors Ltd., VE Commercial Vehicles Ltd., Fiat Chrysler Automobile, Ford Motor Company, Hyundai Motor Co. Ltd., Piaggio Vehicles private Ltd., Hino Motors Limited, IVECO SpA (Industrial Vehicle Corporation), Scania AB, Mitsubishi Motor Corporation. The key players implement various organic & inorganic growth strategies to maintain their presence and endure intense competition. Based on product, global commercial vehicle market is segmented into Light Commercial Vehicles (LCVs) and heavy-duty commercial vehicle (buses & coaches and heavy trucks (mini truck, van and pickup truck)). The demand for heavy-duty commercial vehicles is expected to increase during the forecast period owing to rise in tourism and increase in construction & mining. Based on carrier type, market is segmented into passenger carrier and load carrier. Based on fuel type, market is segmented into petrol & CNG, diesel and others. Based on fuel injection type, market is segmented into Direct Injection (DI), Common rail direct injection (CRDI), indirect injection engine (IDI) and others. Based on technology type, market is segmented into plug-in hybrid technology, hybrid technology, battery electric technology and fuel cell technology. In addition, based on end-use, market is segmented into industrial, logistics, mining & construction, passenger transportation and others. The logistics segment is expected to witness high demand for commercial vehicles due to rise in trade & e-commerce activities across the globe. The commercial vehicle market is driven by increase in preference for connected commercial vehicles, followed by integration of secure safety features and rise in demand in logistics industry. However, rise in diesel prices, environmental concerns associated with commercial vehicles and stringent government regulations may impact the market. In addition, an introduction of autonomous & electrical commercial vehicles is a key opportunity for market. Electric vehicles have significantly low carbon emissions, make use of renewable fuels and lower fuel costs by up to 50%. Based on geography, the North-American region holds major share in commercial vehicle market owing to increase in financing options, rise in focus of governments on in-house automotive production and continuous investment in infrastructure development in the region. Asian-Pacific region is expected to witness higher growth rate due to increase in road infrastructure and rise in manufacturing facilities on account of cost-effective labor & raw materials, especially in developing economies such as India & China. Additionally, The Middle East and Europe markets are anticipated to witness moderate growth with rise in industrialization in these regions. With rise in demand of goods transportation coupled with increase in economy the scope for the market is expected to considerably rise in the forecast period. For more information, click on the link below: Commercial Vehicle Global Market Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91 9015378249 Post Views: 4 Tags: Asia-Pacific Commercial Vehicle Market, Australia Commercial Vehicle Market, China Commercial Vehicle Market, Commercial Vehicle Global Market, Commercial Vehicle Market, Commercial Vehicle Market Competitive Landscape, Commercial Vehicle Market Customer Information, Commercial Vehicle Market in Global, Commercial Vehicle Market Metrics, Commercial Vehicle Market Overview, Commercial Vehicle Market Product Analysis, Commercial Vehicle Market Regional Analysis, Commercial Vehicle Market Segmentation, Commercial Vehicle Market Strategies, Commercial Vehicle Market Supply Chain, Commercial Vehicles Market Forecast, Commercial Vehicles Market Growth, Commercial Vehicles Market Share, Commercial Vehicles Market Trends, Daimler AG Commercial Vehicle Market, Global Commercial Vehicle Industry Research Report, Global Commercial Vehicle Market, Global Commercial Vehicle Market Research Report, Hino Motors Commercial Vehicle Market, Hong Kong Commercial Vehicle Market, India Commercial Vehicle Market, Indonesia Commercial Vehicle Market, Japan Commercial Vehicle Market, Malaysia Commercial Vehicle Market, Man Truck & Bus Commercial Vehicle Market, Scania Commercial Vehicle Market, Volvo Group Commercial Vehicle Market