Commercial Vehicles Market Surges to $15.9 Trillion

The commercial vehicles market is forecasted to surpass $15.9 trillion by 2032, fueled by urbanization, industrial expansion, and technological progress. E-commerce and demand for efficient last-mile delivery are driving sales, with major players like AB Volvo and Toyota Motor Corporation leading the market. Significant growth is anticipated in the Asia Pacific region, particularly in China and India, while the electric vehicle sector is expected to thrive due to the emphasis on sustainable transportation.