PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566056
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566056
United States Commercial Vehicles Market, By Vehicle Type; By Engine Type; By Fuel Type; By Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
United States Commercial Vehicles Market Doubles Its Size to Touch Whopping USD 1.3 Trillion by 2030
United States Commercial Vehicles Market is thriving due to e-commerce growth, government incentives for electric vehicles, technological advancements, and economic expansion.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Commercial Vehicles Market size by value at USD 642.31 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Commercial Vehicles Market size to expand at a CAGR of 10.40% reaching a value of USD 1,286.71 billion in 2030. United States Commercial Vehicles Market is driven by several key factors. The rapid growth of e-commerce has increased demand for delivery vehicles. Government incentives and regulations are promoting the adoption of electric and hybrid vehicles. Additionally, advancements in technology, such as telematics and autonomous driving capabilities, are enhancing vehicle efficiency and safety. Economic growth and infrastructure development further support market expansion. These factors collectively contribute to the robust growth of United States Commercial Vehicles Market.
Opportunity - Increasing Adoption of Electric Vehicles
The surge in electric vehicle (EV) adoption is a major growth driver for United States Commercial Vehicles Market. Government incentives, such as tax credits and rebates, are encouraging businesses to invest in EVs. Additionally, advancements in battery technology are improving vehicle range and reducing costs. The growing environmental consciousness among consumers and businesses is also driving the shift towards electric commercial vehicles, contributing to market expansion. This trend is expected to continue, bolstering market growth.
Impact of Escalating Geopolitical Tensions on United States Commercial Vehicles Market
Escalating geopolitical tensions could affect United States Commercial Vehicles Market by disrupting global supply chains, leading to shortages in key components like semiconductors and raw materials. Increased tariffs and trade restrictions raise production costs, affecting vehicle pricing and profitability. Additionally, heightened fuel price volatility due to strained international relations can increase operating expenses for fleets. These tensions also create uncertainties in export markets, limiting growth opportunities for US manufacturers and pushing companies to reassess their supply chain strategies.
Logistics Application Holds Largest Share of US Commercial Vehicles Market
The logistics segment is the largest application of United States Commercial Vehicles Market, due to the growing demand for efficient transportation solutions across industries, including e-commerce, retail, and manufacturing. The rise of online shopping and just-in-time delivery models has further boosted the need for commercial vehicles in logistics. Additionally, the expansion of the supply chain and warehousing industries in the United States continues to propel growth in this segment. The other major application segments in United States Commercial Vehicles Market include Mining & Construction, Industrial, and Passenger Transportation.
Competitive Landscape
United States Commercial Vehicles Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Daimler Trucks, Ford Motor Company, Paccar Inc, Volvo Group, General Motors Company, Hino Motors Ltd, Toyota Motor Corporation, Mercedes-Benz, Stellantis, and Navistar International Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States Commercial Vehicles Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of United States Commercial Vehicles Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Commercial Vehicles Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Commercial Vehicles Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growth and expansion of e-commerce
- 3.2.1.2. Ongoing infrastructure projects, such as road construction and expansion
- 3.2.1.3. Increasing industrial activity
- 3.2.1.4. Innovations in electric vehicles, autonomous driving, and telematics
- 3.2.2. Restraints
- 3.2.2.1. Rising fuel costs
- 3.2.2.2. Stringent emission regulations
- 3.2.3. Opportunities
- 3.2.3.1. Increasing electric vehicles
- 3.2.3.2. Increasing demand for Autonomous commercial vehicles
- 3.2.3.3. Exploring alternative fuels like hydrogen or renewable natural gas
- 3.2.4. Challenges
- 3.2.4.1. High initial costs
- 3.2.4.2. Changes in regulations, particularly related to emissions standards and autonomous
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Commercial Vehicles Market: Pricing Analysis
5. United States Commercial Vehicles Market: Marketing Strategies
6. United States Commercial Vehicles Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share and Forecast
- 6.2.1. By Vehicle Type
- 6.2.1.1. Light Commercial Vehicles (LCVs)
- 6.2.1.2. Buses & Coaches
- 6.2.1.3. Heavy Trucks
- 6.2.2. By Engine Type
- 6.2.2.1. IC Engine
- 6.2.2.2. Electric Engine
- 6.2.3. By Fuel Type
- 6.2.3.1. Gasoline
- 6.2.3.2. Diesel HEV/PHEV
- 6.2.3.3. Battery Electric Vehicle (BEV)
- 6.2.3.4. Fuel Cell Vehicle
- 6.2.3.5. LPG & Natural Gas
- 6.2.4. By Application
- 6.2.4.1. Mining & Construction
- 6.2.4.2. Industrial
- 6.2.4.3. Passenger Transportation
- 6.2.4.4. Logistics
- 6.2.4.5. Others
- 6.2.1. By Vehicle Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. United States Commercial Vehicles Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on United States Commercial Vehicles Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. Daimler Trucks
- 9.2. Ford Motor Company
- 9.3. Paccar Inc
- 9.4. Volvo Group
- 9.5. General Motors Company
- 9.6. Hino Motors Ltd
- 9.7. Toyota Motor Corporation
- 9.8. Mercedes-Benz
- 9.9. Stellantis
- 9.10. Navistar International Corporation
- 9.11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 United States Commercial Vehicles Segmentation
- Figure 2 United States Commercial Vehicles Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 United States Commercial Vehicles Market Size, By Value (USD Billion), 2019-2030
- Figure 5 United States Commercial Vehicles Market Share, By Vehicle Type, By Value (USD Billion), 2019-2030
- Figure 6 United States Commercial Vehicles Market Share, By Material Type, By Value (USD Billion), 2019-2030
- Figure 7 United States Commercial Vehicles Market Share, By Fuel Type, By Value (USD Billion), 2019-2030
- Figure 8 United States Commercial Vehicles Market Share, By Application, By Value (USD Billion), 2019-2030
List of Tables
- Table 1 United States Commercial Vehicles Market Size, By Value (USD Billion), 2019-2030
- Table 2 United States Commercial Vehicles Market Share, By Vehicle Type, By Value (USD Billion), 2019-2030
- Table 3 United States Commercial Vehicles Market Share, By Material Type, By Value (USD Billion), 2019-2030
- Table 4 United States Commercial Vehicles Market Share, By Fuel Type, By Value (USD Billion), 2019-2030
- Table 5 United States Commercial Vehicles Market Share, By Application, By Value (USD Billion), 2019-2030
- Table 6 Daimler Trucks Company Overview
- Table 7 Daimler Trucks Financial Overview
- Table 8 Ford Motor Company: Company Overview
- Table 9 Ford Motor Company Financial Overview
- Table 10 Paccar Inc Company Overview
- Table 11 Paccar Inc Financial Overview
- Table 12 Volvo Group Company Overview
- Table 13 Volvo Group Financial Overview
- Table 14 General Motors Company: Company Overview
- Table 15 General Motors Company Financial Overview
- Table 16 Hino Motors Ltd Company Overview
- Table 17 Hino Motors Ltd Financial Overview
- Table 18 Toyota Motor Corporation Company Overview
- Table 19 Toyota Motor Corporation Financial Overview
- Table 20 Mercedes-Benz Company Overview
- Table 21 Mercedes-Benz Financial Overview
- Table 22 Stellantis Company Overview
- Table 23 Stellantis Financial Overview
- Table 24 Navistar International Corporation Company Overview
- Table 25 Navistar International Corporation Financial Overview
