Commercial Vehicles - Switzerland

Switzerland

In 2024, the projected unit sales in the Commercial Vehicles market in Switzerland are expected to reach 31.72k vehicles.
This indicates the potential growth of the market.
Furthermore, it is estimated that the unit sales will experience an annual growth rate (CAGR 2024-2029) of -1.76%, leading to a projected market volume of 29.03k vehicles by 2029.
The production of Commercial Vehicles market in Switzerland is also expected to increase, reaching 21.97k vehicles units in 2029.
This demonstrates the potential for further growth in the Commercial Vehicles market.
From an international perspective, it is noteworthy that the majority of sales, amounting to 11,630.00k vehicles units, are projected to occur the in the United States in 2024.
Switzerland's commercial vehicle market is witnessing a growing demand for electric vehicles, driven by the country's strong emphasis on sustainability and renewable energy.

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.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commercial Vehicles market in Switzerland has been experiencing steady growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Switzerland have been shifting towards more sustainable and environmentally-friendly vehicles.

As a result, there has been an increasing demand for electric and hybrid commercial vehicles in the market. Customers are also looking for vehicles with advanced safety features, improved fuel efficiency, and enhanced connectivity options. These preferences are in line with global trends, as customers across the world are becoming more conscious of the environmental impact and safety of their vehicles.

The market trends in Switzerland are also influenced by global developments in the commercial vehicles industry. For example, the rise of e-commerce and online shopping has led to an increased demand for delivery vans and trucks. This trend has been further accelerated by the COVID-19 pandemic, as more people are shopping online and relying on delivery services.

Additionally, the growth of the construction industry and infrastructure projects in Switzerland has created a demand for specialized commercial vehicles such as heavy-duty trucks and construction vehicles. Local special circumstances in Switzerland, such as the country's mountainous terrain and strict regulations on vehicle emissions, also play a role in shaping the commercial vehicles market. The mountainous terrain requires vehicles with robust performance and reliability, especially in terms of handling and traction.

The strict regulations on emissions have led to a greater focus on developing and promoting electric and hybrid commercial vehicles in the market. Underlying macroeconomic factors, such as the overall economic growth and government policies, also influence the commercial vehicles market in Switzerland. A strong and stable economy provides businesses with the confidence and financial resources to invest in new commercial vehicles.

Government policies, such as subsidies and incentives for electric vehicles, can also stimulate the demand for sustainable commercial vehicles in the market. In conclusion, the Commercial Vehicles market in Switzerland is developing in response to customer preferences for sustainable and technologically advanced vehicles, market trends such as the rise of e-commerce and construction projects, local special circumstances such as the mountainous terrain and strict emissions regulations, and underlying macroeconomic factors such as economic growth and government policies. These factors are shaping the market and driving the growth of the commercial vehicles industry in Switzerland.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on unit sales and production of commercial vehicles.

Modeling approach:

Market sizes are determined through a combined Top-Down and bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as consumer spending per capita on transportation and consumer price index for purchase of vehicles. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, linear regression, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.