DUBLIN–(BUSINESS WIRE)–The “On-highway Vehicle – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global On-highway Vehicle Market to Reach 6.5 Million Units by the Year 2027
Amid the COVID-19 crisis, the global market for On-highway Vehicle estimated at 5 Million Units in the year 2020, is projected to reach a revised size of 6.5 Million Units by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027.
Trucks, one of the segments analyzed in the report, is projected to grow at a 4.5% CAGR to reach 3.3 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Buses segment is readjusted to a revised 3.8% CAGR for the next 7-year period. This segment currently accounts for a 31% share of the global On-highway Vehicle market.
The U. S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 6.4% CAGR for the Period of 2020-2027
The On-highway Vehicle market in the U. S. is estimated at 1.4 Million Units in the year 2020. The country currently accounts for a 28.86% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 1.1 Million Units in the year 2027 trailing a CAGR of 6.4% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach 1.1 Million Units by the year 2027.
RVs Segment Corners a 20.7% Share in 2020
In the global RVs segment, USA, Canada, Japan, China and Europe will drive the 2.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of 780.4 Thousand Units in the year 2020 will reach a projected size of 922 Thousand Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 869.1 Thousand Units by the year 2027, while Latin America will expand at a 2.7% CAGR through the analysis period.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- AB Volvo
- Daimler AG
- Hyundai Motor Company
- Toyota Motor Corporation
- Volkswagen AG
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- Global Competitor Market Shares
- On-highway Vehicle Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- World Current & Future Analysis for On-highway Vehicle by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Sales in Million Units for Years 2018 through 2027
- World Historic Review for On-highway Vehicle by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Sales in Million Units for Years 2012 through 2017
- World 15-Year Perspective for On-highway Vehicle by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2018 & 2027
- World Current & Future Analysis for Trucks by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Sales in Million Units for Years 2018 through 2027
- World Historic Review for Trucks by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Sales in Million Units for Years 2012 through 2017
- World 15-Year Perspective for Trucks by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2018 & 2027
- World Current & Future Analysis for Buses by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Sales in Million Units for Years 2018 through 2027
- World Historic Review for Buses by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Sales in Million Units for Years 2012 through 2017
- World 15-Year Perspective for Buses by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2018 & 2027
- World 15-Year Perspective for RVs by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2018 & 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 34
For more information about this report visit https://www.researchandmarkets.com/r/tu385h
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