By the end of 2024, the market for trucks in Israel is estimated to reach over 14,000 vehicles. Similarly, light commercial vehicle sales are expected to reach over 13,000. The smallest segment of the market are buses, expected to contribute just over 1,700 unit sales.
Volume of sales of the commercial vehicle market in Israel in 2024, by segment
(in 1,000s)
Data provided by Statista Market Insights are estimates.
Definition
A commercial vehicle is a motor vehicle that is used for business or commercial purposes rather than personal use. These vehicles are designed and used for transporting goods and passengers or providing services in exchange for compensation. The specific definition of a commercial vehicle can vary from one jurisdiction to another, and it may encompass a wide range of vehicles, depending on their size, purpose, and usage.
Structure
The Commercial Vehicles market is structured into three markets:
Light Commercial Vehicles (LCVs): This market focuses on vehicles designed for the transportation of goods or provision of services on a relatively small scale. LCVs typically include vans, mini trucks, and small cargo vehicles used by businesses and individuals for local deliveries, trade, and various commercial applications. Light commercial vehicles are defined as vehicles meant for carrying goods or passengers with a gross vehicle weight rating (GVWR) of up to 3.5 tons with some variation based on specific vehicle models, designs, and regional regulations.
Buses: Buses are motor vehicles designed for the transportation of passengers, varying in size and capacity and ranging from small minibuses to large coaches. This market considers medium and heavy buses and coaches (MHBCs). The gross vehicle weight rating (GVWR) of MHBCs typically exceeds 3.5 tons.
Trucks: The Trucks market is dedicated to heavy-duty vehicles used for the transportation of goods over long distances. Trucks are motor vehicles designed to transport cargo, ranging from small delivery trucks to heavy-duty freight carriers. Only heavy commercial vehicles (HCVs) are considered in this market. HCVs are typically defined as vehicles with a GVWR of 16 tons or more.
Additional Information
The market includes the production and sales of commercial vehicles within a specific region, regardless of the brand or model. Private vehicles, recreational vehicles, construction, and agricultural vehicles, as well as specialty vehicles such as ambulances and fire engines, are not included in the Commercial Vehicles market.
Notable key players in the Commercial Vehicles market include industry giants such as Daimler AG, Volvo Group, and PACCAR Inc., as well as various regional manufacturers and specialized vehicle manufacturers. These companies play a pivotal role in shaping the market landscape and driving innovation within the industry.
For further information on the displayed data, refer to the info button on the right-hand side of each box.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (October 7, 2024). Volume of sales of the commercial vehicle market in Israel in 2024, by segment (in 1,000s) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1497580/israel-commercial-vehicles-market-by-segment
Statista. "Volume of sales of the commercial vehicle market in Israel in 2024, by segment (in 1,000s)." Chart. October 7, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1497580/israel-commercial-vehicles-market-by-segment
Statista. (2024). Volume of sales of the commercial vehicle market in Israel in 2024, by segment (in 1,000s). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1497580/israel-commercial-vehicles-market-by-segment
Statista. "Volume of Sales of The Commercial Vehicle Market in Israel in 2024, by Segment (in 1,000s)." Statista, Statista Inc., 7 Oct 2024, https://www.statista.com/forecasts/1497580/israel-commercial-vehicles-market-by-segment
Statista, Volume of sales of the commercial vehicle market in Israel in 2024, by segment (in 1,000s) Statista, https://www.statista.com/forecasts/1497580/israel-commercial-vehicles-market-by-segment (last visited November 21, 2024)
Volume of sales of the commercial vehicle market in Israel in 2024, by segment (in 1,000s) [Graph], Statista, October 7, 2024. [Online]. Available: https://www.statista.com/forecasts/1497580/israel-commercial-vehicles-market-by-segment