Cargo Vans Market Size, By Propulsion (ICE [Petrol, Diesel, CNG], Electric [HEV, BEV]), By Tonnage Capacity, By End Use, Global Forecast 2023

Description

List of Tables

Global Cargo Vans Market will witness over 8% CAGR between 2023 and 2032, propelled by impactful product launches and events hosted by key industry players. Prominent companies unveil innovative van models equipped with advanced features, catering to diverse consumer needs.

For instance, in October 2023, Hon Hai Technology Group (Foxconn) revealed its electric cargo van among a range of technologies highlighting their contract design and manufacturing service (CDMS). Simultaneously, Foxconn announced intentions for large-scale production of the sleek and intelligent crossover, the MODEL B, alongside an update on their initial family SUV, the MODEL C. These launches, in line with industry events showcasing cutting-edge technologies, amplify market interest and consumer engagement. As companies introduce versatile and efficient cargo vans, these events serve as platforms to highlight the latest advancements, driving heightened demand and setting new benchmarks within the dynamic cargo vans market.

The overall Cargo Vans Market share is classified based on propulsion, end-use, and region.

Electric segment will undergo significant development from 2023 to 2032. As sustainability takes center stage, electric-powered vans offer eco-friendly alternatives. Their efficient and emission-free operation aligns with evolving environmental standards and cost-effective logistics solutions. With businesses and consumers prioritizing cleaner transport options, the surge in demand for electric propulsion in cargo vans reflects an industry-wide commitment to reducing carbon footprints and embracing innovative, sustainable transportation technologies.

Cargo vans market size from the personal segment will register a noteworthy CAGR from 2023 to 2032. Versatile and spacious, these vans cater to various personal needs, from recreational adventures to small business operations. Their adaptability and ample storage make them ideal for hobbyists, entrepreneurs, and families seeking versatile transportation solutions. With a blend of functionality and comfort, cargo vans serve as mobile workspaces or adventure companions, reflecting a growing demand from individuals seeking flexibility and convenience in their daily lives.

North America cargo vans industry will showcase a commendable CAGR from 2023 to 2032. With a thriving e-commerce sector and last-mile delivery requirements, cargo vans serve as essential logistics solutions. Additionally, the trend towards mobile businesses and recreational activities further boosts demand.

The market's growth is indicative of North America's dynamic business landscape and the evolving lifestyles of individuals, emphasizing the versatility and utility of cargo vans in catering to a wide array of commercial and personal needs. For instance, in November 2023, Mullen Automotive, an emerging electric vehicle manufacturer, revealed securing Environmental Protection Agency ("EPA") approval for its Class 1 EV cargo vans. The certification stands as a pivotal achievement enabling vehicle sales across the U.S. Mullen's Class 1 EV cargo van completed all required testing according to the Federal Motor Vehicle Safety Standards ("FMVSS") and met compliance benchmarks, affirming its readiness for the market.

Product Code: 7314

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Cargo Vans market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Propulsion trends
2.5 Tonnage Capacity trends
2.6 End use trends

Chapter 3 Cargo Vans Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Level of autonomy launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rapid growth of online retail
  - 3.10.1.2 Increasing need for swift and reliable deliveries
  - 3.10.1.3 Demand for electric and environmentally friendly vans
  - 3.10.1.4 Integration of smart technologies for enhanced efficiency.
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Changes in emission standards
  - 3.10.2.2 Rising fuel prices
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Mercedes-Benz Group AG
- 4.3.2 Ford Motor Company
- 4.3.3 General Motors
- 4.3.4 Stellantis NV
- 4.3.5 Nissan Motor Co., Ltd. A
- 4.3.6 Volkswagen AG
- 4.3.7 TOYOTA MOTOR CORPORATION
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Cargo Vans Market Estimates & Forecast, By Propulsion (Revenue & Units)

5.1 Key trends, by propulsion
5.2 ICE
- 5.2.1 Petrol
- 5.2.2 Diesel
- 5.2.3 CNG
5.3 Electric
- 5.3.1 HEV
- 5.3.2 BEV
- 5.3.3 Others

Chapter 6 Cargo Vans Market Estimates & Forecast, By Tonnage Capacity (Revenue & Units)

6.1 Key trends, by tonnage capacity
6.2 Below 2 tons
6.3 2 to 3 tons
6.4 Above 3 tons

Chapter 7 Cargo Vans Market Estimates & Forecast, By End Use (Revenue & Units)

7.1 Key trends, by end use
7.2 Commercial
7.3 Personal

Chapter 8 Cargo Vans Market Estimates & Forecast, By Region (Revenue & Units)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Russia
- 8.3.6 Spain
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Southeast Asia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia

Chapter 9 Company Profiles

9.1 Ashok Leyland
9.2 Ford Motor Company
9.3 General Motors
9.4 Hyundai
9.5 Isuzu
9.6 IVECO
9.7 JAC Motors
9.8 Mahindra
9.9 Maxus
9.10 Mercedes-Benz Group AG
9.11 Nissan Motor Co., Ltd.
9.12 Renault
9.13 Stellantis NV
9.14 TOYOTA MOTOR CORPORATION
9.15 Volkswagen AG