PUBLISHER: Polaris Market Research | PRODUCT CODE: 1507186
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1507186
Europe Commercial Vehicles Market Share, Size, Trends, Industry Analysis Report, By Fuel Type (Fossil Fuel, Electric, Alternative Fuel, Hybrid); By Gross Vehicle Weight; By Application; By Country; Segment Forecast, 2024 - 2032
The Europe commercial vehicles market size is expected to reach USD 159.93 Billion by 2032, according to a new study by Polaris Market Research. The report "Europe Commercial Vehicles Market Share, Size, Trends, Industry Analysis Report, By Fuel Type (Fossil Fuel, Electric, Alternative Fuel, Hybrid); By Gross Vehicle Weight; By Application; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The European commercial vehicles (goods and cargo) market supports the continent's economy, growth, and competitiveness. With 6.3 million vehicles in use across Europe, they transport approximately 76.7% of all freight carried over land, amounting to about 15 billion tons of goods annually. As such, the industry is responsible for providing efficient, reliable, safe, and sustainable transportation services to European citizens and enterprises.
The market for commercial vehicles is expected to rebound shortly due to the growth in logistics and construction activities. This surge in material transportation demand will likely drive an increase in commercial vehicle sales across Europe. Additionally, the transition toward electric vehicles and the rise of e-commerce activities present opportunities for further market expansion in the coming years. In conclusion, the European commercial vehicles market for goods and cargo is a vital part of the continent's economic landscape. Its substantial size and role in transportation and logistics make it a key indicator of economic health. Despite challenges like the COVID-19 pandemic, the industry continues to evolve, embracing sustainability and technological advancements to meet the growing demand for efficient and eco-friendly transportation solutions. The future presents opportunities for further growth, driven by trends such as electrification and digitalization, solidifying its significance in driving Europe's economic prosperity.
An increasing focus on environmental sustainability is shaping the commercial vehicle market in Europe. Consumers are becoming more conscious of the environmental impact of their choices, including delivery services. As a result, there has been a significant rise in the adoption of electric and sustainable commercial vehicles for last-mile delivery. Governments and businesses are offering incentives and subsidies to promote the use of electric vehicles, further driving the shift towards greener transportation solutions.
Europe Commercial Vehicles Market Report Highlights
In 2023, the commercial vehicle market in Europe was predominantly fueled by fossil fuels, with diesel and gasoline being the primary energy sources historically utilized for commercial vehicles in the region.
The less than 3.5 tons segment is expected to experience substantial growth in Europe's commercial vehicle market. Light-duty vehicles (LDVs) with a gross vehicle weight of less than 3.5 tons represent a crucial category within the European commercial vehicle market.
The UK market is poised for substantial growth in the upcoming forecast period due to a confluence of factors such as economic conditions, industry dynamics, regulatory landscape, technological innovations, and consumer preferences.
The key market players include BAIC Group Co., Ltd., BYD Company Limited, Daimler Truck Holding AG, Dongfeng Motor Group Company Limited, Ford Motor Company, Iveco Group N.V., Leyland Trucks, Mercedes-Benz Group AG, Nissan Motor Co. Ltd., Renault Group, Rivian Automotive, Inc., Stellantis N.V., Toyota Motor Corporation, Traton SE, Volkswagen AG, etc.
Polaris Market Research has segmented the Europe commercial vehicles market report based on fuel type, gross vehicle weight, application, and country:
Europe Commercial Vehicles, Fuel Type Outlook (Volume - Thousand Units, Revenue - USD Billion, 2019 - 2032)
- Fossil Fuel
- Electric
- Alternative Fuel
- Hybrid
Europe Commercial Vehicles, Gross Vehicle Weight Outlook (Volume - Thousand Units, Revenue - USD Billion, 2019 - 2032)
- Less than 3.5 tons
- 3.5 to 7 tons
Europe Commercial Vehicles, Application Outlook (Volume - Thousand Units, Revenue - USD Billion, 2019 - 2032)
- Industrial
- Less than 3.5 tons
- 3.5 to 7 tons
- Mining & Construction
- Less than 3.5 tons
- 3.5 to 7 tons
- Logistics
- Less than 3.5 tons
- 3.5 to 7 tons
- Others
- Less than 3.5 tons
- 3.5 to 7 tons
Europe Commercial Vehicles, Country Outlook (Volume - Thousand Units, Revenue - USD Billion, 2019 - 2032)
- Germany
- UK
- Italy
- Spain
- Netherlands
- Ireland
- Portugal
- Belgium
- Rest of Europe
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Europe Commercial Vehicles Market Insights
- 4.1. Europe Commercial Vehicles Market - Industry Snapshot
- 4.2. Europe Commercial Vehicles Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising integration of AI and ML in pipeline pigging Fuel Type
- 4.2.1.2. Increasing Focus on Pipeline Integrity
- 4.2.1. Drivers and Opportunities
Restraints and Challenges
- 4.2.1.3. Technical complexity in implementing pigging solutions
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Europe Commercial Vehicles Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Europe Commercial Vehicles Market, by Fuel Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Europe Commercial Vehicles, by Fuel Type, 2019-2032 (USD Billion)
- 5.3. Fossil Fuel
- 5.3.1. Europe Commercial Vehicles Market, by Fossil Fuel, 2019-2032 (USD Billion)
- 5.4. Electric
- 5.4.1. Europe Commercial Vehicles Market, by Electric, 2019-2032 (USD Billion)
- 5.5. Alternative Fuel
- 5.5.1. Europe Commercial Vehicles Market, by Alternative Fuel, 2019-2032 (USD Billion)
- 5.6. Hybrid
- 5.6.1. Europe Commercial Vehicles Market, by Hybrid, 2019-2032 (USD Billion)
6. Europe Commercial Vehicles Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- 6.3. Industrial
- 6.3.1. Europe Commercial Vehicles Market, by Industrial, 2019-2032 (USD Billion)
- 6.4. Less than 3.5 tons
- 6.4.1. Europe Commercial Vehicles Market, by Less than 3.5 tons, 2019-2032 (USD Billion)
- 6.5. 3.5 to 7 tons
- 6.5.1. Europe Commercial Vehicles Market, by 3.5 to 7 tons, 2019-2032 (USD Billion)
- 6.6. Mining & Construction
- 6.6.1. Europe Commercial Vehicles Market, by Mining & Construction, 2019-2032 (USD Billion)
- 6.7. Less than 3.5 tons
- 6.7.1. Europe Commercial Vehicles Market, by Less than 3.5 tons, 2019-2032 (USD Billion)
- 6.8. 3.5 to 7 tons
- 6.8.1. Europe Commercial Vehicles Market, by 3.5 to 7 tons, 2019-2032 (USD Billion)
- 6.9. Logistics
- 6.9.1. Europe Commercial Vehicles Market, by Logistics, 2019-2032 (USD Billion)
- 6.10. Less than 3.5 tons
- 6.10.1. Europe Commercial Vehicles Market, by Less than 3.5 tons, 2019-2032 (USD Billion)
- 6.11. 3.5 to 7 tons
- 6.11.1. Europe Commercial Vehicles Market, by 3.5 to 7 tons, 2019-2032 (USD Billion)
- 6.12. Others
- 6.12.1. Europe Commercial Vehicles Market, by Others, 2019-2032 (USD Billion)
- 6.13. Less than 3.5 tons
- 6.13.1. Europe Commercial Vehicles Market, by Less than 3.5 tons, 2019-2032 (USD Billion)
- 6.14. 3.5 to 7 tons
- 6.14.1. Europe Commercial Vehicles Market, by 3.5 to 7 tons, 2019-2032 (USD Billion)
7. Europe Commercial Vehicles Market, by Gross Vehicle Weight
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- 7.3. Less than 3.5 tons
- 7.3.1. Europe Commercial Vehicles Market, by Less than 3.5 tons, 2019-2032 (USD Billion)
- 7.4. 3.5 to 7 tons
- 7.4.1. Europe Commercial Vehicles Market, by 3.5 to 7 tons, 2019-2032 (USD Billion)
8. Europe Commercial Vehicles Market, by Countries
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Europe Commercial Vehicles Market Assessment, By Countries, 2019-2032 (USD Billion)
- 8.2.2. Europe Commercial Vehicles Market - Portugal
- 8.2.2.1. Portugal: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- 8.2.2.2. Portugal: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- 8.2.2.3. Portugal: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- 8.2.3. Europe Commercial Vehicles Market - Belgium
- 8.2.3.1. Belgium.: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- 8.2.3.2. Belgium.: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- 8.2.3.3. Belgium.: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- 8.2.4. Europe Commercial Vehicles Market - Rest of Europe
- 8.2.4.1. Rest of Europe.: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- 8.2.4.2. Rest of Europe.: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- 8.2.4.3. Rest of Europe.: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- 8.2.5. Europe Commercial Vehicles Market - Portugal
- 8.2.5.1. Portugal: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- 8.2.5.2. Portugal: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- 8.2.5.3. Portugal: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- 8.2.6. Europe Commercial Vehicles Market - Belgium
- 8.2.6.1. Belgium.: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- 8.2.6.2. Belgium.: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- 8.2.6.3. Belgium.: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- 8.2.7. Europe Commercial Vehicles Market - Rest of Europe
- 8.2.7.1. Rest of Europe.: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- 8.2.7.2. Rest of Europe.: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- 8.2.7.3. Rest of Europe.: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- 8.2.8. Europe Commercial Vehicles Market - Portugal
- 8.2.8.1. Portugal: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- 8.2.8.2. Portugal: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- 8.2.8.3. Portugal: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- 8.2.9. Europe Commercial Vehicles Market - Belgium
- 8.2.9.1. Belgium.: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- 8.2.9.2. Belgium.: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- 8.2.9.3. Belgium.: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- 8.2.10. Europe Commercial Vehicles Market - Rest of Europe
- 8.2.10.1. Rest of Europe.: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- 8.2.10.2. Rest of Europe.: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- 8.2.10.3. Rest of Europe.: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. BAIC Group Co., Ltd
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Fuel Type Benchmarking
- 10.1.4. Recent Development
- 10.2. BYD Company Limited
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Fuel Type Benchmarking
- 10.2.4. Recent Development
- 10.3. Daimler Truck Holding AG
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Fuel Type Benchmarking
- 10.3.4. Recent Development
- 10.4. Dongfeng Motor Group Company Limited
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Fuel Type Benchmarking
- 10.4.4. Recent Development
- 10.5. Ford Motor Company
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Fuel Type Benchmarking
- 10.5.4. Recent Development
- 10.6. Iveco Group N.V.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Fuel Type Benchmarking
- 10.6.4. Recent Development
- 10.7. Leyland Trucks
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Fuel Type Benchmarking
- 10.7.4. Recent Development
- 10.8. Mercedes-Benz Group AG
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Fuel Type Benchmarking
- 10.8.4. Recent Development
- 10.9. Nissan Motor Co. Ltd.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Fuel Type Benchmarking
- 10.9.4. Recent Development
- 10.10. Renault Group
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Fuel Type Benchmarking
- 10.10.4. Recent Development
- 10.11. Rivian Automotive, Inc.
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Fuel Type Benchmarking
- 10.11.4. Recent Development
- 10.12. Stellantis N.V.
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Fuel Type Benchmarking
- 10.12.4. Recent Development
- 10.13. Toyota Motor Corporation
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Fuel Type Benchmarking
- 10.13.4. Recent Development
- 10.14. Traton SE
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Fuel Type Benchmarking
- 10.14.4. Recent Development
- 10.15. Volkswagen AG
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Fuel Type Benchmarking
- 10.15.4. Recent Development
List of Tables
- Table 1 Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- Table 2 Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- Table 3 Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- Table 4 Europe Commercial Vehicles Market Assessment, By Countries, 2019-2032 (USD Billion)
- Table 5 Portugal: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- Table 6 Portugal: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- Table 7 Portugal: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- Table 8 Portugal: Europe Commercial Vehicles Market, by Material, 2019-2032 (USD Billion)
- Table 9 Portugal: Europe Commercial Vehicles Market, by Installation Fuel Type, 2019-2032 (USD Billion)
- Table 10 Belgium.: Europe Commercial Vehicles Market, by Application, 2019-2032 (USD Billion)
- Table 11 Belgium.: Europe Commercial Vehicles Market, by Fuel Type, 2019-2032 (USD Billion)
- Table 12 Belgium.: Europe Commercial Vehicles Market, by Gross Vehicle Weight, 2019-2032 (USD Billion)
- Table 13 Belgium.: Europe Commercial Vehicles Market, by Material, 2019-2032 (USD Billion)
- Table 14 Belgium.: Europe Commercial Vehicles Market, by Installation Fuel Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Europe Commercial Vehicles Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Europe Commercial Vehicles Market, by Application, 2021 & 2030 (USD Billion)
- Figure 8 Market by Fuel Type
- Figure 9 Europe Commercial Vehicles Market, by Fuel Type, 2021 & 2030 (USD Billion)
- Figure 10 Market by Gross Vehicle Weight
- Figure 11 Europe Commercial Vehicles Market, by Application, 2021 & 2030 (USD Billion)
- Figure 12 Market by Material
- Figure 13 Europe Commercial Vehicles Market, by Material, 2021 & 2030 (USD Billion)
- Figure 14 Market by Installation Fuel Type
- Figure 15 Europe Commercial Vehicles Market, by Installation Fuel Type, 2021 & 2030 (USD Billion)
- Figure 16 Europe Commercial Vehicles Market Assessment, By Countries, 2019-2032 (USD Billion)
- Figure 17 Strategic Analysis - Europe Commercial Vehicles Market
