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Commercial Vehicles - United Kingdom

United Kingdom
  • Unit sales in the Commercial Vehicles market are projected to reach 495.46k vehicles in 2025.
  • Unit sales are expected to show a compound annual rate (CAGR 2025-2030) of 2.11%, resulting in a projected market volume of 550.11k vehicles by 2030.
  • The production of Commercial Vehicles market is expected to reach 135.44k 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 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. Medium and heavy commercial vehicles (MHCV) are considered in this market. MHCVs are typically defined as vehicles with a GVWR of over 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.

For further information on the displayed data, refer to the info button on the right-hand side of each box.

In-Scope
  • Light commercial vehicles (LCVs)
  • Buses and coaches
  • Trucks
Out-Of-Scope
  • Passenger cars
  • Motorcycles and scooters
  • Off-road and specialized vehicles
  • Aircraft, watercraft, and railway vehicles
  • Consumer and recreational vehicles
Commercial Vehicles: market data & analysis - Cover

Market Insights report

Commercial Vehicles: market data & analysis
CONTENTBOX_CAPTION_STUDY_DETAILS

    Unit Sales

    MOST_RECENT_UPDATE: Jan 2025

    SOURCE: Statista Market Insights

    Production

    MOST_RECENT_UPDATE: Jan 2025

    SOURCE: Statista Market Insights

    Analyst Opinion

    The Commercial Vehicles market in United Kingdom has been experiencing steady growth in recent years, driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Commercial Vehicles market in United Kingdom have been shifting towards more sustainable and environmentally friendly options.

    With increasing awareness of climate change and the need to reduce emissions, customers are opting for electric and hybrid vehicles. This shift in preferences is also influenced by government regulations and incentives that promote the use of cleaner vehicles. As a result, manufacturers are investing in the development and production of electric and hybrid commercial vehicles to meet the growing demand.

    Trends in the market indicate a rise in the adoption of advanced technologies in commercial vehicles. The integration of telematics systems, GPS tracking, and connectivity features allows for better fleet management, improved efficiency, and enhanced safety. Additionally, there is a growing demand for autonomous and semi-autonomous commercial vehicles, which offer increased productivity and reduced operating costs.

    These trends are driven by the need for greater efficiency and productivity in the transportation and logistics industry. Local special circumstances in the United Kingdom, such as urbanization and congestion in cities, have also contributed to the development of the Commercial Vehicles market. As cities become more crowded, there is a greater demand for smaller and more maneuverable commercial vehicles that can navigate narrow streets and congested areas.

    This has led to the rise of compact vans and electric delivery vehicles, which are well-suited for urban environments. Underlying macroeconomic factors, such as economic growth and infrastructure development, have played a significant role in the development of the Commercial Vehicles market in United Kingdom. As the economy grows, there is an increased demand for commercial vehicles to support various industries, including construction, logistics, and transportation.

    Additionally, ongoing investments in infrastructure projects, such as road and rail networks, create opportunities for the commercial vehicles market to expand. In conclusion, the Commercial Vehicles market in United Kingdom is experiencing growth due to shifting customer preferences towards sustainable options, the adoption of advanced technologies, local special circumstances, and underlying macroeconomic factors. Manufacturers and industry players are responding to these trends by investing in the development and production of electric and hybrid vehicles, integrating advanced technologies, and offering vehicles that are well-suited for urban environments.

    The future of the Commercial Vehicles market in United Kingdom looks promising, as it continues to evolve and adapt to meet the changing needs and preferences of customers.

    Global Comparison

    MOST_RECENT_UPDATE: Jan 2025

    SOURCE: Statista Market Insights

    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.

    Mobility

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    Commercial Vehicles: market data & analysis - BackgroundCommercial Vehicles: market data & analysis - Cover

    Key Market Indicators

    NOTES: Based on data from IMF, World Bank, UN and Eurostat

    MOST_RECENT_UPDATE: Jan 2025

    SOURCE: Statista Market Insights

    OUTLOOK_EXPLORE_RELATED_TOPICS

    Commercial vehicles worldwide - Statistics & Facts

    In 2022, worldwide commercial vehicle production grew to around 23.7 million units, continuing the slow recovery from the three million unit drop recorded in 2020. Commercial vehicles are comprised of all motor vehicles intended for the commercial transport of goods and passengers, with light commercial vehicles often referring to vehicles under 3.5 tons. With around 13.3 million vehicles produced, North America was the leading region in the production of commercial vehicles in 2022. Estimates place Asia and Oceania as the top manufacturer of heavy trucks in that year, with around 2.3 million units produced.
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