COMMERCIAL VEHICLES MARKET ANALYSIS

Regional Analysis

Global Commercial Vehicles Market: Regional Insights

North America to exhibit robust growth in the global commercial vehicles market over the forecast period, owing to presence of highly unified network of supply chain in the region connecting consumers and manufacturers through transportation modes such as air delivery services, freight rail, truck transport, and maritime transport. The number of population with increased purchasing power in the region is leading to growing investments in into infrastructure. Along with this the government focus on achieving in-house automotive production is also expected to drive the market growth in this region.

Moreover, Asia Pacific is likely to gain promising growth in the global commercial vehicles market over the forecast period. The region is showing major growth in warehousing facilities and transportation due to which the demand for unified logistics solutions is increasing in the region. As a result, the sales of commercial vehicles is on the rise. China being one of the biggest manufacturing hub with largest customer base is shifting to projects of larger infrastructure. Such factors are therefore is expected to fuel growth of the global commercial vehicles market across the region.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America 
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa