Global Medium and Heavy Duty Commercial Vehicles Market Insights, Forecast to 2028

Medium and Heavy Duty Commercial Vehicle, is the European Union (EU) term for any truck with a gross combination mass (GCM) of over 3,500 kilograms (7,716 lb).Sub-category N2 is used for vehicles between 3,500 kilograms (7,716 lb) and 12,000 kilograms (26,455 lb) and N3 for all goods vehicles over 12,000 kilograms (26,455 lb) as defined in Directive 2001/116/EC. The term medium goods vehicle is used within parts of the UK government to refer to goods vehicles of between 3.5 and 7.5 tonnes which according to the EU are also "large goods vehicles".
Market Analysis and Insights: Global Medium and Heavy Duty Commercial Vehicles Market
Due to the COVID-19 pandemic, the global Medium and Heavy Duty Commercial Vehicles market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, IC Engine accounting for % of the Medium and Heavy Duty Commercial Vehicles global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Transportation segment is altered to an % CAGR throughout this forecast period.
China Medium and Heavy Duty Commercial Vehicles market size is valued at US$ million in 2021, while the US and Europe Medium and Heavy Duty Commercial Vehicles are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Medium and Heavy Duty Commercial Vehicles landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Medium and Heavy Duty Commercial Vehicles include PACCAR, Daimler, Volvo Group, MAN SE, Tata Motors, Isuzu Motors, Scania AB, FAW Group and Hyundai Motor, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Medium and Heavy Duty Commercial Vehicles capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Medium and Heavy Duty Commercial Vehicles by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Medium and Heavy Duty Commercial Vehicles Scope and Segment
Medium and Heavy Duty Commercial Vehicles market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Medium and Heavy Duty Commercial Vehicles 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 2017-2028.

Segment by Type
IC Engine
Electric or Hybrid

Segment by Application
Transportation
Construction
Other

By Company
PACCAR
Daimler
Volvo Group
MAN SE
Tata Motors
Isuzu Motors
Scania AB
FAW Group
Hyundai Motor
Dongfeng Motor
Mercedes Benz
Volkswagen
Sisu Auto
Ford
MITSUBISHI
Freightliner
MACK
Shaanxi Automobile Group
CNHTC
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