Commercial Vehicles - Malaysia
Malaysia- Unit sales in the Commercial Vehicles market are projected to reach 66.00k vehicles in 2025.
- Unit sales are expected to show a compound annual rate (CAGR 2025-2030) of -0.41%, resulting in a projected market volume of 64.67k vehicles by 2030.
- The production of Commercial Vehicles market is expected to reach 31.18k vehicles in 2030, potentially depicting how much the Commercial Vehicles market can grow.
- From an international perspective, it is shown that most of the sales will be United States (14.67m vehicles) in 2025.
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 four 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.
- Medium Commercial Vehicles (MCVs): This market focuses on medium-duty vehicles used for the transportation of goods or passengers, typically with a gross vehicle weight rating (GVWR) between 3.5 and 16 tons. MCVs are used for commercial applications such as distribution of goods in urban areas or light freight transport.
- Heavy Commercial Vehicles (HCVs): This market includes heavy-duty vehicles designed for the transportation of large quantities of goods over long distances or in harsh working conditions. HCVs generally have a GVWR of over 16 tons and are used for logistics, freight transport, and large-scale construction projects.
- 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.
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.
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- Light commercial vehicles (LCVs)
- Medium commercial vehicles (MCVs)
- Heavy commercial vehicles (HCVs)
- Buses and coaches
- Passenger cars
- Motorcycles and scooters
- Off-road and specialized vehicles
- Aircraft, watercraft, and railway vehicles
- Consumer and recreational vehicles
