Market Overview
Due to the COVID-19 pandemic, the global Vocational Trucks market size is estimated to be worth US$ 223469 million in 2021 and is forecast to a readjusted size of US$ 257431 million by 2028 with a CAGR of 2.68% during the review period. Fully considering the economic change by this health crisis, Box Truck accounting for about 60% of the Vocational Trucks global market in 2021, is projected to value US$ 152039 million by 2028, growing at a revised 3.05% CAGR in the post-COVID-19 period. While Transportation and Logistics segment is altered to 1.94 % CAGR throughout this forecast period.
The global key manufacturers of Vocational Trucks include Daimler, Volvo, PACCAR, Faw Jiefang Group, Man, Scania, Sinotruck, Shaanxi Heavy Duty Automobile, and Isuzu Motors, etc. In 2021, the global top five players have a share approximately 46.55% in terms of revenue, and in term of volume, top five companies hold a share nearly 39.17%.
The United States Vocational Trucks market is estimated at US$ 46541 million in 2021, while China is forecast to reach US$ 80964 million by 2028. The proportion of the United States is 20.82% in 2021, while China percentage is 29.78%, and it is predicted that China share will reach 31.45% in 2028, trailing a CAGR of 3.82 % through the analysis period. As for the Europe Vocational Trucks landscape, Germany is projected to reach US$ 10841 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 4.53 % and 1.89 % respectively for the next 6-year period.
The market research report offered here is a very useful resource that can help manufacturers, stakeholders, decision-makers, and other market participants to become familiar with every factor impacting the growth of the global Vocational Trucks market. The analysts authoring the report have closely studied key strategies adopted by top players of the global Vocational Trucks market. The report includes SWOT, and other market analyses to provide a clear and deep understanding of important aspects of the global Vocational Trucks market. Readers of the report can become informed about current and future trends of the global Vocational Trucks market and how they will impact market growth during the forecast period.
By Company
Daimler
Volvo
PACCAR
Faw Jiefang Group
Man
Scania
Sinotruck
Shaanxi Heavy Duty Automobile
Isuzu Motors
Navistar
SANY
ZOOMLION
Iveco
XCMG
Tata Motors
Oshkosh Corporation
REV Group
Rosenbauer
ShinMaywa Industries
Morita Group
Segment by Type
Box Truck
Dump Truck
Concrete Mixer Truck
Garbage Truck
Tank Truck
Others
Segment by Application
Transportation and Logistics
Construction
Municipal
Others
By Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
GCC Countries
South Africa
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