Europe Medium and Heavy-duty Commercial Vehicles Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 38.97 Billion |
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Market Size (2030) | USD 52.86 Billion |
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Largest Share by Vehicle Body Type | Heavy-duty Commercial Trucks |
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CAGR (2024 - 2030) | 5.21 % |
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Largest Share by Country | Russia |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Medium and Heavy-duty Commercial Vehicles Market Analysis
The Europe Medium and Heavy-duty Commercial Vehicles Market size is estimated at 38.97 billion USD in 2024, and is expected to reach 52.86 billion USD by 2030, growing at a CAGR of 5.21% during the forecast period (2024-2030).
38.97 Billion
Market Size in 2024 (USD)
52.86 Billion
Market Size in 2030 (USD)
2.19 %
CAGR (2017-2023)
5.21 %
CAGR (2024-2030)
Largest Segment by Fuel Category
91.47 %
value share, Diesel, 2023
Diesel leads due to its efficiency for long-haul transportation and established infrastructure supporting diesel engines, making it a preferred choice for medium and heavy-duty commercial operations.
Fastest-growing Segment by Vehicle Body Type
8.34 %
Projected CAGR, Medium-duty Commercial Trucks, 2024-2030
Heavy-duty Commercial Trucks are the fastest-growing due to increasing investments in electric vehicle technology, the need for sustainable logistics solutions, and supportive government policies.
Largest Segment by Vehicle Body Type
88.83 %
value share, Heavy-duty Commercial Trucks, 2023
Heavy-duty Commercial Trucks dominate due to their crucial role in logistics, transportation of goods over long distances, and industrial growth driving the need for robust commercial vehicles.
Fastest-growing Segment by Fuel Category
35.63 %
Projected CAGR, BEV, 2024-2030
BEVs are rapidly growing due to advancements in battery technology, increasing government incentives, and expanding charging infrastructure, making them attractive for commercial use.
Leading Market Player
22 %
market share, Daimler AG (Mercedes-Benz AG), 2023
Daimler is the leading player in the Medium and Heavy-duty Commercial Vehicles Market in Europe with a strong product portfolio driving company growth across European countries.
Due to the strategic importance of medium and heavy-duty vehicles in Europe's commercial transport landscape, businesses are focusing on efficiency and regulatory compliance
- Transport plays a pivotal role in bolstering Europe's economy, fostering growth, and enhancing its competitiveness. The commercial vehicle sector is actively aligning with the climate goals outlined in the Paris Agreement. While the adoption of alternative fuels and powertrains is gaining traction, the availability of charging and refueling infrastructure for commercial vehicles remains limited. With over 6.3 million vehicles plying the roads of the EU, they account for a staggering 76.7% of all land-based freight, moving a colossal 15 billion tonnes annually.
- Europe bore the brunt of the COVID-19 impact, witnessing a production loss of approximately 50,000 units in March and April. This was primarily due to stringent factory closures, workplace regulations, supply chain disruptions, and stay-at-home orders. By the close of 2020, commercial vehicle manufacturing in Europe had plummeted by nearly 20% compared to the preceding year. Notably, countries like Poland in Central Europe and Italy in the West, pivotal hubs for the continent's trucking industry, are projected to witness the sharpest demand decline.
- The growth in logistics and construction activities has spurred the demand for material transportation, leading to a surge in commercial vehicle sales across Europe. This trend is expected to further bolster the business vehicle market in the near future. The market is poised for growth, driven by the uptick in construction and e-commerce operations. Additionally, the shift toward electric vehicles holds promising prospects for market expansion in the coming years.
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Europe Medium and Heavy-duty Commercial Vehicles Market Trends
Environmental concerns, government support, and decarbonization goals fuel European electric vehicle demand and sales
- The demand and sales of electric vehicles in European countries have grown significantly over the past few years. Germany witnessed a growth in the sales of electric cars by 22% in 2022 over 2021, followed by the United Kingdom with an 18.40% increase in 2022 over 2021. Growing environmental concerns, stringent governmental norms, advantages of electric vehicles such as fuel efficiency, low service cost, no carbon emissions, and subsidies by the government are some of the factors contributing to the growth of electric vehicles in European countries.
- The demand for electric commercial vehicles, especially light trucks, is growing gradually in European countries. Moreover, the governments of various countries are also supporting the adoption of electric vehicles. In November 2021, the government of the United Kingdom announced a pledge that all heavy-duty vehicles would be zero-emission by the year 2040. Such factors have increased the sales of electric commercial vehicles in the United Kingdom by 23.17% in 2022 over 2021, and similar practices in various countries are enhancing the demand for electric commercial vehicles across Europe.
- It is projected that the electrification of vehicles in European countries is expected to grow tremendously in the next few years. The efforts of the governments in the regions for decarbonization are expected to drive the electric commercial vehicle market in Europe. For instance, in January 2022, the transport minister of Germany announced a goal to put 15 million electric vehicles on the road by 2030. Such factors are expected to increase the sales of electric vehicles during the 2024-2030 period in European countries.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Several European countries face population declines, while others grow, indicating a need for targeted policy interventions
- European countries are experiencing growth in CVP, driven by government incentives for environmentally friendly vehicles
- The general trend indicates a decline or stabilization in rates, influenced by economic factors and monetary policies
- Declining battery prices and government initiatives drive demand for electric vehicles in Europe
- Europe's advanced logistics, driven by the EU's open trade policies, has faced challenges like Brexit. With a focus on sustainability and technology in 2023, Europe was expected to remain a global logistics leader, poised for further innovation and adaptation
- Within the European truck manufacturing sector, Belgium, Spain, and the UK have witnessed positive growth trajectories. In contrast, Italy and Russia are grappling with hurdles. As the industry looks ahead, the impetus on sustainability is set to define its future. Notably, each country is charting its course, balancing distinctive challenges and potential
- Europe's GDP per capita is on track for steady growth, reflecting resilience and strategic policies
- The European region is poised for economic stability, with concerted efforts to manage inflation and foster a balanced economic landscape
- Europe is demonstrating a robust commitment to enhancing its EV infrastructure, with significant growth in both slow and fast-charging stations
- Electrification in Europe drives the increase in regional battery pack demand
- Since February 2023, diesel imports from the Middle East, Asia, and North America have increased due to the ban on imports from Russia
Europe Medium and Heavy-duty Commercial Vehicles Industry Overview
The Europe Medium and Heavy-duty Commercial Vehicles Market is fairly consolidated, with the top five companies occupying 87%. The major players in this market are Daimler AG (Mercedes-Benz AG), Man Truck & Bus, PACCAR Inc., Scania AB and Volvo Group (sorted alphabetically).
Europe Medium and Heavy-duty Commercial Vehicles Market Leaders
Daimler AG (Mercedes-Benz AG)
Man Truck & Bus
PACCAR Inc.
Scania AB
Volvo Group
*Disclaimer: Major Players sorted in alphabetical order.
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For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.
Europe Medium and Heavy-duty Commercial Vehicles Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Population
- 4.2 GDP Per Capita
- 4.3 Consumer Spending For Vehicle Purchase (cvp)
- 4.4 Inflation
- 4.5 Interest Rate For Auto Loans
- 4.6 Impact Of Electrification
- 4.7 EV Charging Station
- 4.8 Battery Pack Price
- 4.9 New Xev Models Announced
- 4.10 Logistics Performance Index
- 4.11 Fuel Price
- 4.12 Oem-wise Production Statistics
- 4.13 Regulatory Framework
- 4.14 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Vehicle Type
- 5.1.1 Commercial Vehicles
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5.2 Propulsion Type
- 5.2.1 Hybrid and Electric Vehicles
- 5.2.1.1 By Fuel Category
- 5.2.1.1.1 BEV
- 5.2.1.1.2 FCEV
- 5.2.1.1.3 HEV
- 5.2.1.1.4 PHEV
- 5.2.2 ICE
- 5.2.2.1 By Fuel Category
- 5.2.2.1.1 CNG
- 5.2.2.1.2 Diesel
- 5.2.2.1.3 Gasoline
- 5.2.2.1.4 LPG
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5.3 Country
- 5.3.1 Austria
- 5.3.2 Belgium
- 5.3.3 Czech Republic
- 5.3.4 Denmark
- 5.3.5 Estonia
- 5.3.6 France
- 5.3.7 Germany
- 5.3.8 Ireland
- 5.3.9 Italy
- 5.3.10 Norway
- 5.3.11 Poland
- 5.3.12 Russia
- 5.3.13 Spain
- 5.3.14 Sweden
- 5.3.15 UK
- 5.3.16 Rest-of-Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Daimler AG (Mercedes-Benz AG)
- 6.4.2 Man Truck & Bus
- 6.4.3 PACCAR Inc.
- 6.4.4 Scania AB
- 6.4.5 Volvo Group
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
- Figure 2:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
- Figure 3:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
- Figure 4:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
- Figure 5:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
- Figure 6:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
- Figure 7:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
- Figure 8:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
- Figure 9:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2016 – 2026
- Figure 10:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 11:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
- Figure 12:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2017 - 2029
- Figure 13:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2017 - 2029
- Figure 14:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BUSES, BY VOLUME IN UNITS, 2016-2028
- Figure 15:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BUSES, BY VALUE IN USD, 2016-2028
- Figure 16:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
- Figure 17:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
- Figure 18:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
- Figure 19:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
- Figure 20:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
- Figure 21:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
- Figure 22:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
- Figure 23:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 24:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028
- Figure 25:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2017 - 2029
- Figure 26:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2017 - 2029
- Figure 27:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 28:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
- Figure 29:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2017 - 2029
- Figure 30:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2017 - 2029
- Figure 31:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
- Figure 32:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2016-2028
- Figure 33:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 34:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
- Figure 35:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
- Figure 36:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 37:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
- Figure 38:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2016-2028
- Figure 39:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 40:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
- Figure 41:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
- Figure 42:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 43:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 44:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
- Figure 45:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2017 - 2029
- Figure 46:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2017 - 2029
- Figure 47:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CNG, BY VOLUME IN UNITS, 2016-2028
- Figure 48:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CNG, BY VALUE IN USD, 2016-2028
- Figure 49:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 50:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VOLUME IN UNITS, 2016-2028
- Figure 51:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VALUE IN USD, 2016-2028
- Figure 52:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 53:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2016-2028
- Figure 54:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VALUE IN USD, 2016-2028
- Figure 55:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 56:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LPG, BY VOLUME IN UNITS, 2016-2028
- Figure 57:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LPG, BY VALUE IN USD, 2016-2028
- Figure 58:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 59:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
- Figure 60:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
- Figure 61:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2029
- Figure 62:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2029
- Figure 63:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028
- Figure 64:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028
- Figure 65:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028
- Figure 66:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028
- Figure 67:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028
- Figure 68:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028
- Figure 69:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028
- Figure 70:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028
- Figure 71:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028
- Figure 72:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028
- Figure 73:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028
- Figure 74:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028
- Figure 75:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028
- Figure 76:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028
- Figure 77:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 78:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028
- Figure 79:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028
- Figure 80:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028
- Figure 81:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2016-2028
- Figure 82:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028
- Figure 83:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028
- Figure 84:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028
- Figure 85:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028
- Figure 86:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028
- Figure 87:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028
- Figure 88:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028
- Figure 89:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2016-2028
- Figure 90:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028
- Figure 91:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028
- Figure 92:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028
- Figure 93:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028
- Figure 94:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028
- Figure 95:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2016-2028
- Figure 96:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028
- Figure 97:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028
- Figure 98:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 99:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 100:
- EUROPE MEDIUM AND HEAVY-DUTY COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Europe Medium and Heavy-duty Commercial Vehicles Industry Segmentation
Commercial Vehicles are covered as segments by Vehicle Type. Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion Type. Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe are covered as segments by Country.
- Transport plays a pivotal role in bolstering Europe's economy, fostering growth, and enhancing its competitiveness. The commercial vehicle sector is actively aligning with the climate goals outlined in the Paris Agreement. While the adoption of alternative fuels and powertrains is gaining traction, the availability of charging and refueling infrastructure for commercial vehicles remains limited. With over 6.3 million vehicles plying the roads of the EU, they account for a staggering 76.7% of all land-based freight, moving a colossal 15 billion tonnes annually.
- Europe bore the brunt of the COVID-19 impact, witnessing a production loss of approximately 50,000 units in March and April. This was primarily due to stringent factory closures, workplace regulations, supply chain disruptions, and stay-at-home orders. By the close of 2020, commercial vehicle manufacturing in Europe had plummeted by nearly 20% compared to the preceding year. Notably, countries like Poland in Central Europe and Italy in the West, pivotal hubs for the continent's trucking industry, are projected to witness the sharpest demand decline.
- The growth in logistics and construction activities has spurred the demand for material transportation, leading to a surge in commercial vehicle sales across Europe. This trend is expected to further bolster the business vehicle market in the near future. The market is poised for growth, driven by the uptick in construction and e-commerce operations. Additionally, the shift toward electric vehicles holds promising prospects for market expansion in the coming years.
| Vehicle Type | Commercial Vehicles | ||
| Propulsion Type | Hybrid and Electric Vehicles | By Fuel Category | BEV |
| FCEV | |||
| HEV | |||
| PHEV | |||
| Propulsion Type | ICE | By Fuel Category | CNG |
| Diesel | |||
| Gasoline | |||
| LPG | |||
| Country | Austria | ||
| Belgium | |||
| Czech Republic | |||
| Denmark | |||
| Estonia | |||
| France | |||
| Germany | |||
| Ireland | |||
| Italy | |||
| Norway | |||
| Poland | |||
| Russia | |||
| Spain | |||
| Sweden | |||
| UK | |||
| Rest-of-Europe |
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Market Definition
- Vehicle Type - The category covers truck category.
- Vehicle Body Type - This includes Medium-duty Commercial Trucks and Heavy-duty Commercial Trucks
- Fuel Category - The category includes various fuel types such as Gasoline, Diesel, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas), HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles)
| Keyword | Definition |
|---|---|
| Electric Vehicle (EV) | A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles. |
| BEV | A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models. |
| PEV | A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. |
| Plug-in Hybrid EV | A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally. |
| Internal combustion engine | An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel. |
| Hybrid EV | A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking. |
| Commercial Vehicles | Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV). |
| Passenger Vehicles | Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat. |
| Light Commercial Vehicles | Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category. |
| M&HDT | Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category. |
| Bus | A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses. |
| Diesel | It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed. |
| Gasoline | It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug. |
| LPG | It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study. |
| CNG | It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines. |
| HEV | All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices. |
| PHEV | PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly. |
| Hatchback | These are compact-sized cars with a hatch-type door provided at the rear end. |
| Sedan | These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage. |
| SUV | Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles. |
| MPV | These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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