Commercial Vehicles Market Expected to Skyrocket, Forecasted to Reach USD 1117.90 Billion by 2030
The commercial vehicle sector encompasses a wide range of vehicles used primarily for transporting goods or passengers. These include freight trucks, minivans, buses, pick-up trucks, and heavy-duty vehicles, with demand driven by logistics, construction, and industrial activities. Increasing industrialization, particularly in developing countries, is contributing to market growth. The adoption of more efficient and environmentally friendly transportation models, such as electric vehicles, is also boosting this market segment globally.
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