Commercial Vehicle Market Size, and Share Analysis 2030

The global Commercial Vehicle Market size is predicted to reach USD 1.58 trillion by 2030 with a CAGR of 6.3%.
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Technological improvements in autonomous and connected vehicle technologies continue to fuel the commercial vehicle market demand as
companies incorporate artificial intelligence-based systems, IoT connectivity and smart driver assistance functions to improve safety and fleet
management.
Asia-Pacific dominates the commercial vehicle market share due to the growing electric vehicle sector in the region driven by increasing
environmental concerns and the rising demand for sustainable transportation solutions.