World commercial vehicle sales are projected to grow at a compounded annual rate of 2.3 percent over the next two years, and this production is expected to be around 21.7 million units in 2010. The US, with a share of 41.5 percent of sales for 2007, represents the largest market for commercial vehicles.
A report titled "Commercial Vehicles: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market.
In terms of production, too, the U.S. dominates with an estimated share of 33.8 percent. Fastest growth, in terms of both sales and production, however, is expected to emanate from the developing economies of Asia-Pacific and Latin America.
Major companies involved in this market include AB Volvo Group, Daimler, Chrysler, Fiat S.p.A., Ford Motor Company, General Motors Corp., Hino Motors, Ltd., Honda Motor Co., Ltd., Hyundai Motor Company, Isuzu Motors Ltd., Iveco, MAN Nutzfahrzeuge Group, Mitsubishi Motors Corp., Navistar International (International Truck and Engine Corp.), Nissan Diesel Motor Co. Ltd., Nissan Motor Co., Ltd., PACCAR Inc., Scania AB, Tata Motors Ltd., Toyota Motor Corp. and Volkswagen AG
The report enumerates recent launches, developments, mergers, acquisitions and other strategic industry activities. Analytics are provided for the period 2001 through 2015 for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Spain, Russia, Australia, China, India, Argentina, Brazil and other key countries of the world.
For more details about this research report, visit www.strategyr.com/Commercial_Vehicles_Market_Report.asp.
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