United States Vans Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The United States Vans Market is segmented by Propulsion Type (Hybrid and Electric Vehicles, ICE). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

United States Vans Market Size

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United States Vans Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 11.4 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 15.65 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Propulsion Type ICE
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 5.43 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Propulsion Type Hybrid and Electric Vehicles

Major Players

United States Vans Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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United States Vans Market Analysis

The United States Vans Market size is estimated at 11.4 billion USD in 2024, and is expected to reach 15.65 billion USD by 2030, growing at a CAGR of 5.43% during the forecast period (2024-2030).

11.4 Billion

Market Size in 2024 (USD)

15.65 Billion

Market Size in 2030 (USD)

-1.26 %

CAGR (2017-2023)

5.43 %

CAGR (2024-2030)

Largest Segment by Fuel Category

53.90 %

value share, Diesel, 2023

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Diesel vans are the largest segment in the US due to their efficiency in long-distance travel, higher payload capacity, and cost-effectiveness for businesses requiring durable and powerful vehicles.

Fastest-growing Segment by Fuel Category

36.35 %

Projected CAGR, BEV, 2024-2030

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BEVs are rapidly growing in the US due to increasing consumer demand for eco-friendly alternatives, enhanced government subsidies, and the development of comprehensive charging networks.

Leading Market Player

42.87 %

market share, Ford Motor Company, 2023

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Numerous vans (models) for various uses, such as freight, crew, passengers, etc. are produced domestically, and easily available after-sales services make Ford a market leader in the US van market.

Second leading Market Player

15.90 %

market share, GM Motor (Chevrolet), 2023

Icon image

Chevrolet offers a wide product portfolio over other brands along with good after-sales services. Moreover, its major presence in the US adds to its business growth globally.

Third Leading Market Player

9.77 %

market share, Ram Trucking, Inc., Inc.

Icon image

Ram Trucking, Inc. ranks high in the market due to its reliable and versatile vans, strong brand loyalty, and extensive distribution network supporting a wide range of commercial applications.

US light commercial van market grew from 410,000 units in 2017 to 330,000 in 2022, with a rebound to 346,949 units expected by 2024

  • In 2022, the sales of light commercial vans in the United States dipped to 330,000 units, continuing the downward trend from the 2021 figure of 340,000 units. This decline, observed over the past few years, reflects shifting dynamics in business logistics and urban planning, resulting in reduced demand for these vehicles, particularly in densely populated areas. However, the market appears to be stabilizing. Projections for 2023 indicated sales of around 332,665 units. A rebound is anticipated in 2024, with sales forecasted to reach approximately 346,949 units, signaling a potential resurgence in demand for light commercial vans.
  • Back in 2017, the US light commercial van market boasted a robust figure of 410,000 units. Sales remained relatively steady until 2019, but a notable decline set in from 2020. The initial stability can be attributed to sectors heavily reliant on these vans for their transportation and logistics needs. However, the subsequent drop aligns with the challenges posed by urban congestion and evolving business models, favoring more compact and efficient transport solutions.
  • Looking beyond 2024, the US light commercial van market is poised for a gradual recovery. Sales volumes are projected to exhibit slight fluctuations but maintain an upward trajectory, culminating in an estimated 380,500 units by 2030. Factors such as advancements in vehicle design, a growing appetite for door-to-door delivery services, and the evolution of urban infrastructure are expected to fuel this growth.
United States Vans Market

United States Vans Market Trends

Rapid growth in electric vehicle sales driven by government initiatives and increasing demand in the US

  • The United States has witnessed a significant surge in the adoption of electric vehicles (EVs) in recent years. This uptick can be attributed to a heightened awareness of EVs, growing environmental concerns, and the implementation of government regulations. Notably, in 2016, California introduced the Zero-Emission Vehicle (ZEV) program aimed at curbing carbon emissions and improving air quality. This initiative has not only spurred the growth of electric cars within California but has also influenced other states to adopt similar ZEV regulations. Consequently, the nation saw a remarkable 634% surge in demand for battery electric vehicles (BEVs) from 2017 to 2022.
  • The demand for electric commercial vehicles in the United States is also on the rise. Factors such as the booming e-commerce industry, increased logistics activities, and governmental initiatives for cleaner transportation have fueled this growth. In a significant move, the governor of New York signed the Advanced Clean Truck (ACT) Rule in September 2021. This rule sets a target for all new light-duty vehicles to be zero-emission by 2035 and the same for medium- and heavy-duty vehicles by 2045. As a result, the United States witnessed a 21% surge in demand for electric commercial vehicles in 2022 compared to the previous year.
  • Governmental efforts, including rebates, subsidies, and strategic plans, are further bolstering the electrification of vehicles nationwide. In May 2022, President Biden unveiled a USD 3 billion plan to expedite domestic battery manufacturing, with the aim of transitioning gas-powered vehicles to electric ones. This push is expected to significantly boost electric mobility in the country, particularly during 2024-2030, thereby amplifying the demand for battery packs.
United States Vans Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • The US population continues to grow steadily, driven by immigration and economic opportunities that require strategic planning
  • The CVP is expected to experience consistent growth, driven by technological advancements, a focus on sustainable transportation, and the US's commitment to automotive innovation and reducing carbon emissions
  • The recent US auto interest rate of 3.6% reflects fluctuations influenced by monetary policies, credit demand, and economic conditions, with a modest increase indicating optimism in the post-pandemic recovery
  • The United States achieved a milestone of 128,000 EV Charging Stations in 2022, and the country is poised for continued growth in green mobility
  • Rising demand and strategic product launches drive the electric vehicle market in the US.
  • The United States remained a net crude oil importer, importing about 6.28 million bpd from 80 countries
  • The US exhibits remarkable economic resilience and growth, driven by factors like robust financial markets, technological advancements, and adaptable policies
  • The United States grapples with fluctuating inflation but aims for stability for long-term economic leadership
  • Evolution of Mobility as a Service (MaaS) in the United States: a focus on shared rides, car rentals, car-sharing, and ride-hailing and taxi services
  • Decreasing battery pack prices and government initiatives drive the US electric vehicle market
  • The United States remained a net crude oil importer in 2022, importing about 6.28 million bpd of crude oil from 80 countries

United States Vans Industry Overview

The United States Vans Market is fairly consolidated, with the top five companies occupying 79.21%. The major players in this market are Daimler AG (Mercedes-Benz AG), Ford Motor Company, General Motors Company, GM Motor (Chevrolet) and Ram Trucking, Inc. (sorted alphabetically).

United States Vans Market Leaders

  1. Daimler AG (Mercedes-Benz AG)

  2. Ford Motor Company

  3. General Motors Company

  4. GM Motor (Chevrolet)

  5. Ram Trucking, Inc.

United States Vans Market Concentration

Other important companies include Fiat Chrysler Automobiles N.V, IVECO S.p.A, Nissan Motor Co. Ltd., Volkswagen AG, Workhorse Group Inc..

*Disclaimer: Major Players sorted in alphabetical order.

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United States Vans Market News

  • June 2023: FORD NEXT launches New pilot program creates flexible electric solutions for drivers who use the Uber platform in select U.S. markets, allowing them to lease a vehicle for more customized time periods.
  • June 2023: Stellantis adds Merchants Fleet as latest Ram ProMaster EV commercial customer and that agreement calls for 12,500 Ram ProMaster EV units over the next several years.
  • June 2023: Mercedes-Benz DRIVE PILOT expands U.S. availability to California and introduce a SAE Level 3 system in a standard-production vehicle for use on public freeways in the most populous state in the U.S.

Free with this Report

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.

United States Vans Market
United States Vans Market
United States Vans Market
United States Vans Market

United States Vans 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 Shared Rides
  • 4.7 Impact Of Electrification
  • 4.8 EV Charging Station
  • 4.9 Battery Pack Price
  • 4.10 New Xev Models Announced
  • 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)

  • 5.1 Propulsion Type
    • 5.1.1 Hybrid and Electric Vehicles
    • 5.1.1.1 By Fuel Category
    • 5.1.1.1.1 BEV
    • 5.1.1.1.2 HEV
    • 5.1.2 ICE
    • 5.1.2.1 By Fuel Category
    • 5.1.2.1.1 Diesel
    • 5.1.2.1.2 Gasoline

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Daimler AG (Mercedes-Benz AG)
    • 6.4.2 Fiat Chrysler Automobiles N.V
    • 6.4.3 Ford Motor Company
    • 6.4.4 General Motors Company
    • 6.4.5 GM Motor (Chevrolet)
    • 6.4.6 IVECO S.p.A
    • 6.4.7 Nissan Motor Co. Ltd.
    • 6.4.8 Ram Trucking, Inc.
    • 6.4.9 Volkswagen AG
    • 6.4.10 Workhorse Group Inc.
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

8. APPENDIX

  • 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
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. UNITED STATES VANS MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
  1. Figure 2:  
  2. US MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 3:  
  2. US MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 4:  
  2. US MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 5:  
  2. UNITED STATES VANS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENTAGE, 2017 - 2022
  1. Figure 6:  
  2. US MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 7:  
  2. US MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 8:  
  2. US MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 9:  
  2. UNITED STATES VANS MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2023 - 2027
  1. Figure 10:  
  2. US MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
  1. Figure 11:  
  2. US MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
  1. Figure 12:  
  2. UNITED STATES VANS MARKET, VOLUME IN UNITS, 2017 - 2030
  1. Figure 13:  
  2. UNITED STATES VANS MARKET, VALUE IN USD, 2017 - 2030
  1. Figure 14:  
  2. UNITED STATES VANS MARKET, BY PROPULSION TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 15:  
  2. UNITED STATES VANS MARKET, BY PROPULSION TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 16:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 17:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 18:  
  2. UNITED STATES VANS MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 19:  
  2. UNITED STATES VANS MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 20:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 21:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 22:  
  2. UNITED STATES VANS MARKET, BY BEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 23:  
  2. UNITED STATES VANS MARKET, BY BEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 24:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 25:  
  2. UNITED STATES VANS MARKET, BY FCEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 26:  
  2. UNITED STATES VANS MARKET, BY FCEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 27:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 28:  
  2. UNITED STATES VANS MARKET, BY HEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 29:  
  2. UNITED STATES VANS MARKET, BY HEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 30:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 31:  
  2. UNITED STATES VANS MARKET, BY PHEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 32:  
  2. UNITED STATES VANS MARKET, BY PHEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 33:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 34:  
  2. UNITED STATES VANS MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 35:  
  2. UNITED STATES VANS MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 36:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 37:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 38:  
  2. UNITED STATES VANS MARKET, BY CNG, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 39:  
  2. UNITED STATES VANS MARKET, BY CNG, BY VALUE IN USD, 2017 - 2030
  1. Figure 40:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 41:  
  2. UNITED STATES VANS MARKET, BY DIESEL, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 42:  
  2. UNITED STATES VANS MARKET, BY DIESEL, BY VALUE IN USD, 2017 - 2030
  1. Figure 43:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 44:  
  2. UNITED STATES VANS MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 45:  
  2. UNITED STATES VANS MARKET, BY GASOLINE, BY VALUE IN USD, 2017 - 2030
  1. Figure 46:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 47:  
  2. UNITED STATES VANS MARKET, BY LPG, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 48:  
  2. UNITED STATES VANS MARKET, BY LPG, BY VALUE IN USD, 2017 - 2030
  1. Figure 49:  
  2. UNITED STATES VANS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 50:  
  2. UNITED STATES VANS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
  1. Figure 51:  
  2. UNITED STATES VANS MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
  1. Figure 52:  
  2. UNITED STATES VANS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

United States Vans Industry Segmentation

Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion Type.

  • In 2022, the sales of light commercial vans in the United States dipped to 330,000 units, continuing the downward trend from the 2021 figure of 340,000 units. This decline, observed over the past few years, reflects shifting dynamics in business logistics and urban planning, resulting in reduced demand for these vehicles, particularly in densely populated areas. However, the market appears to be stabilizing. Projections for 2023 indicated sales of around 332,665 units. A rebound is anticipated in 2024, with sales forecasted to reach approximately 346,949 units, signaling a potential resurgence in demand for light commercial vans.
  • Back in 2017, the US light commercial van market boasted a robust figure of 410,000 units. Sales remained relatively steady until 2019, but a notable decline set in from 2020. The initial stability can be attributed to sectors heavily reliant on these vans for their transportation and logistics needs. However, the subsequent drop aligns with the challenges posed by urban congestion and evolving business models, favoring more compact and efficient transport solutions.
  • Looking beyond 2024, the US light commercial van market is poised for a gradual recovery. Sales volumes are projected to exhibit slight fluctuations but maintain an upward trajectory, culminating in an estimated 380,500 units by 2030. Factors such as advancements in vehicle design, a growing appetite for door-to-door delivery services, and the evolution of urban infrastructure are expected to fuel this growth.
Propulsion Type Hybrid and Electric Vehicles By Fuel Category BEV
HEV
Propulsion Type ICE By Fuel Category Diesel
Gasoline
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Market Definition

  • Vehicle Type - The category includes Light Commercial Vehicle.
  • Vehicle Body Type - This include Light Commercial Vans category.
  • Fuel Category - The category exclusively covers electric propulsion systems, including various types such as 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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United States Vans Market Research FAQs

The United States Vans Market size is expected to reach USD 11.40 billion in 2024 and grow at a CAGR of 5.43% to reach USD 15.65 billion by 2030.

In 2024, the United States Vans Market size is expected to reach USD 11.40 billion.

Daimler AG (Mercedes-Benz AG), Ford Motor Company, General Motors Company, GM Motor (Chevrolet) and Ram Trucking, Inc. are the major companies operating in the United States Vans Market.

In the United States Vans Market, the ICE segment accounts for the largest share by propulsion type.

In 2024, the Hybrid and Electric Vehicles segment accounts for the fastest growing by propulsion type in the United States Vans Market.

In 2023, the United States Vans Market size was estimated at 11.40 billion. The report covers the United States Vans Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Vans Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

United States Vans Industry Report

Statistics for the 2023 United States Vans market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Vans analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

United States Vans Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

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