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Commercial Vehicle Market in 2021-Opportunities and Strategies-Global Forecast in 2030
The Business Research Company's Commercial Vehicle Market in 2021-Opportunities and Strategies-Global Forecast to 2030
London, Greater London, UK, October 27, 2021/EINPresswire.com/-Major commercial vehicle manufacturers are investing in driverless car technology to reduce traffic congestion, prevent accidents and save fuel. Automated trucks and buses will completely change the efficiency and mobility of logistics, which will create new opportunities for manufacturers who introduce commercial vehicle automation technology to the market. Unmanned commercial vehicles can perceive the surrounding environment and navigate in an area through radar, GPS, and computer vision technology. As this technology becomes a reality, many companies are expected to become part of the production and design of driverless cars. For example, in January 2021, the San Diego-based startup TuSimple plans to deploy self-driving trucks, from picking up to delivering goods without anyone in the car. The company cooperates with shipping giant UPS and truck manufacturers and is conducting test operations in Arizona and Texas, including automated warehouse-to-warehouse operations.
In 2020, the global commercial vehicle market is valued at approximately US$0.72 trillion and has grown at a compound annual growth rate (CAGR) of 6.2% since 2015. The market is expected to grow at a compound annual growth rate of 9.5% from 2020 to reach US$1.13 trillion in 2025. It is estimated that the global commercial vehicle market will reach US$1.65 trillion in 2030, with a compound annual growth rate of 7.9%.
Read more about the global commercial vehicle market report: https://www.thebusinessresearchcompany.com/report/commercial-vehicle-global-market
The major players in the global commercial vehicle industry are Daimler AG, Volvo Group, Peka AG, Dongfeng Motor Group Co., Ltd., and Volkswagen AG.
TBRC's global commercial vehicle market report is subdivided into light commercial vehicles, heavy trucks, buses and passenger cars by type, gasoline, diesel, and others by fuel type, and by application to mining and construction, logistics, passenger transportation, and others, and by propulsion Types are divided into IC engines and electric vehicles.
The main opportunity for the commercial vehicle market segmented by type will appear in the light commercial vehicle segment. By 2025, global annual sales will reach US$212.7876 billion. The main opportunity for the commercial vehicle market segmented by fuel type will appear in gasoline. By 2025, the global annual sales of this segment will reach US$189.695.7 billion. The biggest opportunity for the commercial vehicle market by type of propulsion will appear in the field of internal combustion engines. By 2025, the global annual sales of this segment will reach US$343.890.8 billion. Commercial vehicle market opportunities broken down by application will appear in the logistics field, and by 2025, global annual sales will increase by US$19,693,83 million. The commercial vehicle market in the United States will grow the most, reaching $253.052.4 billion.
Commercial vehicle market in 2021-by type (light commercial vehicle, heavy truck bus, passenger car), by fuel type (gasoline, diesel), by propulsion type (internal combustion engine, electric vehicle), by application (mining and construction, logistics, passenger transportation) And by region, opportunity and strategy-the global forecast to 2030 is one of a series of new reports from the business research company. The report provides an overview of the global commercial vehicle market, forecasts the global market Global market segments and regions for vehicles, global commercial vehicle market trends, global commercial vehicle market drivers, limiting factors, revenue, overview and market share of leading competitors.
Request a sample of the global commercial vehicle market report: https://www.thebusinessresearchcompany.com/sample.aspx?id=5193&type=smp
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