Genuine Research Report on the Commercial Vehicles Market
Ravinderimarc09 Jan, 2023Technology
The global commercial vehicles market reached a value of US$ 740.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 952.6 Billion by 2027, exhibiting a CAGR of 4.10% during 2022-2027. Commercial vehicles are licensed for being used in the transportation of goods or materials. They can either be registered in the name of an individual as a sole proprietor or leased in the name of a financial institution.
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