The commercial vehicle market is expected to reach US$ 1388.10 billion by 2033, growing from US$ 839.97 billion in 2024, with a CAGR of 5.74% between 2025 and 2033. This growth is driven by increasing demand for efficient logistics, expanding e-commerce activities, and rising construction and infrastructure projects globally. Government investments in transportation and advancements in electric and autonomous commercial vehicles further contribute to market expansion.

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