Commercial Vehicle Global Market Forecast To 2022

North America was the largest region in the global commercial vehicle market, accounting for 66% of the market in 2018. Asia Pacific was the second largest region accounting for 17% of the global commercial vehicle market. Eastern Europe was the smallest region in the global commercial vehicle market.

Truck manufacturing companies are now using alternative drive systems to produce environmentally friendly low carbon emission trucks. Alternative drive systems are hydrogen-powered, electric or hybrid vehicles. They have significantly low carbon emissions, make use of renewable fuels and lower fuel costs by up to 50%. For example, Mercedes-Benz manufactures trucks with alternative drive systems using biogas as fuel, thus making them sustainable, inexpensive and CO2 neutral. Daimler has the world’s largest truck fleet with hybrid drives. Hybrid trucks are being commercially used in North America, Europe and Japan.

Tags: Global Commercial Vehicle Market, Global Commercial Vehicle Market Forecast, Global Commercial Vehicle Market Overview, Global Commercial Vehicle Market Research Report