China Commercial Vehicles Market Size & Outlook, 2023-2030
China commercial vehicles market, 2018-2030 (US$M)
Related Markets
China commercial vehicles market highlights
- The China commercial vehicles market generated a revenue of USD 11,975.8 million in 2023 and is expected to reach USD 19,739.4 million by 2030.
- The China market is expected to grow at a CAGR of 7.4% 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 11,975.8 million |
| Market revenue in 2030 | USD 19,739.4 million |
| Growth rate | 7.4% (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, China accounted for 1.0% 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 Asia Pacific, India commercial vehicles market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,739.4 million by 2030.
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Commercial Vehicles Market Scope
Commercial Vehicles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 47.67% in 2023. Horizon Databook has segmented the China commercial vehicles market based on light commercial vehicle, heavy trucks, buses & coaches covering the revenue growth of each sub-segment from 2018 to 2030.
- China Commercial Vehicles Product Outlook (Revenue, USD Million, 2018-2030)
- Light Commercial Vehicle
- Heavy Trucks
- Buses & Coaches
- China Commercial Vehicles End Use Outlook (Revenue, USD Million, 2018-2030)
- Industrial
- Mining & Construction
- Logistics
- Passenger Transportation
- Others
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Target buyers of China 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China commercial vehicles market , including forecasts for subscribers. This country databook contains high-level insights into China commercial vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China commercial vehicles market size, by product, 2018-2030 (US$M)
China Commercial Vehicles Market Outlook Share, 2023 & 2030 (US$M)
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