888-776-0942 from 8 AM - 10 PM ET

DUBLIN , June 10, 2022 /PRNewswire/ -- The "Global Light, Medium, and Heavy Commercial Vehicle Outlook, 2022" report has been added to ResearchAndMarkets.com's offering.

Despite COVID-19 virus surges in some places, the overall sentiment for the year remained positive. The analyst expects the global market to grow even further in 2022. 

All regions except for China (which contributes annual sales volumes averaging about 40%) witnessed growth in commercial vehicle sales in 2021, indicating a return to normalcy after a dismal 2020.  As economies continue to reopen, a resumption of infrastructure build-out and other construction activity will increase the demand for heavy-duty trucks, with double-digit growth anticipated in India , Latin America , and Association of Southeast Asian Nations countries. Natural gas vehicles have seen a spike in demand in most regions. North America and Europe continued to generate strong demand, and in India demand went up as oil prices increased. China is the only exception, where sales declined largely due to high natural gas prices as well as a significant gain in electric truck volumes.

Most truck manufacturers will have at least electric model on the road this year. Much of the demand will come from North America , with numerous launches and order fulfillments expected. Latin America will show the most promise among emerging markets. Governments around the world are mandating advanced driver assistance systems in commercial vehicles. Manufacturers, meanwhile, are developing bundled solutions that manage all fleet requirements, from logistics and connectivity to service and maintenance, as a service. Despite the analyst's optimism for the market, the Russo-Ukrainian war, the ongoing semiconductor shortage, rising inflation, and still-climbing oil prices are among the factors that could affect sales. Key Issues Addressed

Key Topics Covered: 1. Growth Environment

6. M&HD Truck Market Outlook

17. Appendix For more information about this report visit https://www.researchandmarkets.com/r/ehw4st

Research and Markets Laura Wood , Senior Manager [email protected]   

For E.S.T Office Hours Call +1-917-300-0470  For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 

More news releases in similar topics

Cision Distribution 888-776-0942 from 8 AM - 9 PM ET