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A commercial vehicle is used for commercial or business purposes. Commercial motor vehicles (CMV) may transport goods or paying passengers. A commercial vehicle is often designated "commercial" when it is titled or registered to a company. This may include company cars, fleet vehicles, or other vehicles used for business purposes.
This report contains market size and forecasts of Commercial Vehicles in global, including the following market information:

• Global Commercial Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)
• Global Commercial Vehicles Market Sales, 2017-2022, 2023-2028, (Units)
• Global top five Commercial Vehicles companies in 2021 (%)

The global Commercial Vehicles market was valued at 949470 million in 2021 and is projected to reach US$ 1041490 million by 2028, at a CAGR of 1.3% during the forecast period 2022-2028.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Light Commercial Vehicle Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Commercial Vehicles include GM, Toyota, Ford, Daimler, Volvo, Stellantis, PACCAR, Faw Jiefang Group and Man Truck & bus, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Commercial Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Commercial Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Commercial Vehicles Market Segment Percentages, by Type, 2021 (%)

• Light Commercial Vehicle
• Medium Duty/Heavy Duty Vehicle
• Buses & Coaches

Global Commercial Vehicles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Commercial Vehicles Market Segment Percentages, by Application, 2021 (%)

• Transportation and Logistics
• Construction
• Public Transit
• Others

Global Commercial Vehicles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Commercial Vehicles Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Commercial Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)
• Key companies Commercial Vehicles revenues share in global market, 2021 (%)
• Key companies Commercial Vehicles sales in global market, 2017-2022 (Estimated), (Units)
• Key companies Commercial Vehicles sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• GM
• Toyota
• Ford
• Daimler
• Volvo
• Stellantis
• PACCAR
• Faw Jiefang Group
• Man Truck & bus
• Scania
• Iveco
• Sinotruck
• Shaanxi Heavy Duty Automobile
• Isuzu Motors
• Navistar
• Tata Motors
• Yutong
• BYD