The analysts forecast global MHCV market to decline at a CAGR of 5.65% over the period 2014-2019.

Commercial vehicles include light, medium, and heavy commercial vehicles. Light commercial vehicles have a GVWR of below 14,000 lb; medium commercial vehicles, have a GVWR of between 14,001 and 26,000 lb; and heavy vehicles (comprising trucks, commercial vehicles, buses, and coaches) have a GVWR greater than 26,001 lb.

Covered in this report

This report covers the present scenario and the growth prospects of the global MHCV market for the period 2015-2019. The market size is determined based on the number of unit sales. The projected CAGR of the global MHCV market is estimated based on an analysis of the current state of the market. The report also provides a geographical analysis and identifies the key leading countries based on the fleet of MHCVs. In addition, the report discusses the major drivers that influence growth, the challenges faced by vendors, and the market at large, as well as the key trends that are emerging in the market. However, the report does not include revenue generated from the sales of MHCV.

The market has been segmented into:

  • HCV
  • MCV

The report, Global Medium and Heavy Commercial Vehicle Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

  • Daimler
  • Dongfeng
  • MAN
  • Scania
  • Volvo

Other prominent vendors

  • Anhui Jianghuai Automobile
  • Ashok Leyland
  • Beijing Auto Industry
  • Beiqi Foton
  • China First Automobile Works Group
  • China National Heavy Duty Truck Group
  • First Auto Works
  • GAZ
  • Hino
  • Isuzu Motors
  • Iveco
  • Navistar International
  • Paccar
  • Scania
  • Sinotruk Group
  • TATA Motors
  • Toyota Motor

Market driver

  • Increase in mining activities

Market challenge

  • Lack of product differentiation

Market Trend

  • Outsourcing of manufacturing services to low-cost countries

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