Commercial Vehicles Industry Deep Dive 2022 Featuring Profiles of Tata, Toyota, and Mahindra & Mahindra Among Other Leading Players - ResearchAndMarkets.com
The Global Commercial Vehicles Market is expected to reach $1.6 trillion by 2027, rising at a market growth of 4.5% CAGR during the forecast period.
- The Global Commercial Vehicles Market is expected to reach $1.6 trillion by 2027, rising at a market growth of 4.5% CAGR during the forecast period.
- Progress in the technology of electric and semi-autonomous commercial vehicles is expected to open new growth avenues for the market.
- The COVID-19 pandemic caused an extraordinary drop in sales of cars in early 2020, impacting the automotive industry.
- Because of the coronavirus's growing influence on the commercial automobile sector, market demand and sales may fall dramatically.