A commercial vehicle is any type of motor vehicle used for transporting goods or paying passengers.
Increasing infrastructural spending is expected to boost the growth of the commercial vehicle market over the forecast period.

Market Analysis and Insights: Global Commercial Vehicle Market
The global Commercial Vehicle market is valued at US$ 1262790 million in 2019. The market size will reach US$ 1876010 million by the end of 2026, growing at a CAGR of 5.8% during 2021-2026.

Global Commercial Vehicle Scope and Segment
Commercial Vehicle market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Commercial Vehicle market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Light Commercial Vehicles
Heavy Trucks
Buses
Coaches

Segment by Application
Industrial
Mining & Construction
Logistics
Passenger Transportation
Others

By Company
Tata Motors
Volkswagen
Ashok Leyland
Volvo
Motors

Production by Region
North America
Europe
China
Japan
South Korea
India

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E