Van Market Report: Trends, Forecast and Competitive Analysis to 2030

Van Trends and Forecast

The future of the global van market looks promising with opportunities in the battery electric vehicle, plug-in hybrid electric vehicle, hybrid electric vehicle, internal combustion engine vehicle, and gasoline vehicle markets. The global van market is reach an estimated $182.0 billion by 2030 with a CAGR of 3.6% from 2024 to 2030. The major drivers for this market are an increase in the need for commercial cars, the e-commerce industry's growth, and the industrial sector's expansion.

A more than 150-page report is developed to help in your business decisions.

Van by Segment

The study includes a forecast for the global van by tonnage capacity, propulsion, end use, and region.

Van Market by Tonnage Capacity [Shipment Analysis by Value from 2018 to 2030]:

• Up To 2 Tons
• 2-3 Tons
• 3-5.5 Tons

Van Market by Propulsion [Shipment Analysis by Value from 2018 to 2030]:

• Battery Electric Vehicle
• Plug-In Hybrid Electric Vehicle
• Hybrid Electric Vehicle
• Internal Combustion Engine Vehicle
• Gasoline Vehicle

Van Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Personal
• Others

Van Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Van Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies van companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the van companies profiled in this report include-

• Nissan Motor
• Mercedes-Benz
• Hyundai Motor Company
• General Motor Company
• Toyota Motor
• Groupe
• Renault
• FCA Italy
• Ford Motor Company
• Volkswagen

Van Market Insights

Lucintel forecasts that 2-3 ton is expected to witness highest growth over the forecast period due to businesses of all sizes use 2-3 ton vans to deliver goods to customers, and the vans are large enough to carry a large number of packages or other goods, but small enough to maneuver through crowd.

Europe will remain the largest region over the forecast period due to the expanding business ties between original equipment makers and local postal service providers.

Features of the Global Van Market

Market Size Estimates: Van market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Van market size by tonnage capacity, propulsion, end use, and region in terms of value ($B).

Regional Analysis: Van market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different tonnage capacity, propulsion, end use, and regions for the van market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the van market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the van market size?

Answer: The global van market is expected to reach an estimated $182.0 billion by 2030.

Q2. What is the growth forecast for van market?

Answer: The global van market is expected to grow with a CAGR of 3.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the van market?

Answer: The major drivers for this market are an increase in the need for commercial cars, the e-commerce industry's growth, and the industrial sector's expansion.

Q4. What are the major segments for van market?

Answer: The future of the global van market looks promising with opportunities in the battery electric vehicle, plug-in hybrid electric vehicle, hybrid electric vehicle, internal combustion engine vehicle, and gasoline vehicle markets.

Q5. Who are the key van market companies?

Answer: Some of the key van companies are as follows.

• Nissan Motor
• Mercedes-Benz
• Hyundai Motor Company
• General Motor Company
• Toyota Motor
• Groupe
• Renault
• FCA Italy
• Ford Motor Company
• Volkswagen

Q6. Which van market segment will be the largest in future?

Answer: Lucintel forecasts that 2-3 ton is expected to witness highest growth over the forecast period due to businesses of all sizes use 2-3 ton vans to deliver goods to customers, and the vans are large enough to carry a large number of packages or other goods, but small enough to maneuver through crowd.

Q7. In van market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region over the forecast period due to the expanding business ties between original equipment makers and local postal service providers.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the van market by tonnage capacity (up to 2 tons, 2-3 tons, and 3-5.5 tons), propulsion (battery electric vehicle, plug-in hybrid electric vehicle, hybrid electric vehicle, internal combustion engine vehicle, and gasoline vehicle), end use (commercial, personal, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?