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OverviewAPI
The commercial vehicles market is set to surpass $15.9 trillion by 2032, fueled by urbanization, industrial expansion, and technological progress. E-commerce growth and demand for efficient last-mile delivery drive sales, with key players like AB Volvo and Toyota Motor Corporation leading the market. The Asia Pacific region, particularly China and India, is poised for substantial market growth, with electric vehicles expected to play a significant role in revenue generation.

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