According to Cognitive Market Research, the global Heavy Commercial Vehicles market size is USD 122684.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 49073.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 36805.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 28217.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 6134.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2453.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
The Truck held the highest Heavy Commercial Vehicles market revenue share in 2024.
