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Cargo Vans Market Share

Report ID: GMI7314
Published Date: Nov 2023
Report Format: PDF

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Cargo Vans Market Share

Major players operating in the cargo vans industry are:

Mercedes-Benz Group AG
Ford Motor Company
General Motors
Stellantis NV
Nissan Motor Co., Ltd. A
Volkswagen AG
TOYOTA MOTOR CORPORATION

The competitive landscape in the industry is evolving with a focus on electric mobility and technological advancements. Dominating players such as Mercedes and Ford are investing in electric vehicle technology, integrating smart features, and improving energy efficiency to stay ahead, thus fostering innovation & driving the market's progression.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global market for cargo vans was valued at USD 104.9 billion in 2022 and is anticipated to register a CAGR of over 8% between 2023 and 2032, owing to the surge in van sales, along with fleet expansion by businesses to meet the rising consumer demand.

The commercial segment held major market share, over 55% in 2022 and will continue to grow owing to the escalating demand for last-mile delivery services, as cargo vans serve as versatile and practical vehicles for local deliveries.

Asia Pacific cargo vans industry was worth USD 68.1 billion in 2022 and is poised for significant growth due to the rapid technological advancements and a growing shift toward electric mobility.

Mercedes-Benz Group AG, Ford Motor Company, General Motors, Stellantis NV, Nissan Motor Co., Ltd., Volkswagen AG, and TOYOTA MOTOR CORPORATION.