Brazil Commercial Vehicles Market Size & Outlook
Brazil commercial vehicles market, 2018-2030 (US$M)
Related Markets
Brazil commercial vehicles market highlights
- The Brazil commercial vehicles market generated a revenue of USD 34,102.3 million in 2023 and is expected to reach USD 37,437.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 1.3% from 2024 to 2030.
- In terms of segment, light commercial vehicle was the largest revenue generating product in 2023.
- Light Commercial Vehicle is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial vehicles market data book summary
| Market revenue in 2023 | USD 34,102.3 million |
| Market revenue in 2030 | USD 37,437.5 million |
| Growth rate | 1.3% (CAGR from 2023 to 2030) |
| Largest segment | Light commercial vehicle |
| Fastest growing segment | Light Commercial Vehicle |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Light Commercial Vehicle, Heavy Trucks, Buses & Coaches |
| Key market players worldwide | Bosch, Daimler Truck Holding AG ADR, Volkswagen AG, Toyota Motor Corp, Mahindra & Mahindra Ltd DR, Volvo AB ADR, General Motors Co |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.9% of the global commercial vehicles market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil commercial vehicles market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 37,437.5 million by 2030.
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Commercial Vehicles Market Scope
Commercial Vehicles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil commercial vehicles market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial vehicles market will help companies and investors design strategic landscapes.
Light commercial vehicle was the largest segment with a revenue share of 73.3% in 2023. Horizon Databook has segmented the Brazil commercial vehicles market based on light commercial vehicle, heavy trucks, buses & coaches covering the revenue growth of each sub-segment from 2018 to 2030.
- Brazil Commercial Vehicles Product Outlook (Revenue, USD Million, 2018-2030)
- Light Commercial Vehicle
- Heavy Trucks
- Buses & Coaches
- Brazil Commercial Vehicles End Use Outlook (Revenue, USD Million, 2018-2030)
- Industrial
- Mining & Construction
- Logistics
- Passenger Transportation
- Others
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Target buyers of Brazil commercial vehicles market databook
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Our clientele includes a mix of commercial vehicles market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil commercial vehicles market , including forecasts for subscribers. This country databook contains high-level insights into Brazil commercial vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Brazil commercial vehicles market size, by product, 2018-2030 (US$M)
Brazil Commercial Vehicles Market Outlook Share, 2023 & 2030 (US$M)
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