Projections for global commercial vehicle demand in 2020 and 2021 predict a year-on-year decrease of around 11 percent in 2020, as a direct consequence of the Covid-19 pandemic. The demand volume is expected to fall to around 2.9 million units in 2021.
Projected demand for medium and heavy trucks and buses worldwide in 2020 and 2021
(in million units)
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Projected demand volume in million units
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IHS Markit. (December 22, 2020). Projected demand for medium and heavy trucks and buses worldwide in 2020 and 2021 (in million units) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1201302/cv-global-demand-volume/
IHS Markit. "Projected demand for medium and heavy trucks and buses worldwide in 2020 and 2021 (in million units)." Chart. December 22, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1201302/cv-global-demand-volume/
IHS Markit. (2020). Projected demand for medium and heavy trucks and buses worldwide in 2020 and 2021 (in million units). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1201302/cv-global-demand-volume/
IHS Markit. "Projected Demand for Medium and Heavy Trucks and Buses Worldwide in 2020 and 2021 (in Million Units)." Statista, Statista Inc., 22 Dec 2020, https://www.statista.com/statistics/1201302/cv-global-demand-volume/
IHS Markit, Projected demand for medium and heavy trucks and buses worldwide in 2020 and 2021 (in million units) Statista, https://www.statista.com/statistics/1201302/cv-global-demand-volume/ (last visited July 22, 2024)
Projected demand for medium and heavy trucks and buses worldwide in 2020 and 2021 (in million units) [Graph], IHS Markit, December 22, 2020. [Online]. Available: https://www.statista.com/statistics/1201302/cv-global-demand-volume/