The United States Commercial Vehicles Market is segmented by Vehicle Type (Commercial Vehicles) and by Propulsion Type (Hybrid and Electric Vehicles, ICE). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

United States Electric Commercial Vehicle Market was valued at USD 13.88 Billion in 2024 and is expected to reach USD 55.92 Billion by 2030 with a CAGR of 26.41% during the forecast period.

Pages	82
Market Size	2024: USD 13.88 Billion
Forecast Market Size	2030: USD 55.92 Billion
CAGR	2025-2030: 26.41%
Fastest Growing Segment	BEV
Largest Market	West
Key Players	1 Tesla Inc. 2 Proterra Powered LLC 3 Workhorse Group, Inc. 4 BYD Australia Pty. Ltd. 5 Lion Electric Company 6 Rivian, LLC 7 Nikola Corporation 8 Blue Bird Corporation 9 Greenpower Motor Company Inc. 10 Canoo, Inc.

The United States commercial vehicle market, encompassing buses, heavy-duty, medium-duty, and light commercial trucks and vans, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 4.00% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the burgeoning e-commerce sector necessitates efficient last-mile delivery solutions, driving demand for light commercial vehicles. Secondly, infrastructure development projects, particularly in the transportation sector, are boosting demand for heavy-duty trucks. Thirdly, a shift towards cleaner transportation, driven by environmental regulations and sustainability initiatives, is accelerating the adoption of hybrid and electric commercial vehicles (HEV, PHEV, BEV, FCEV). However, the market faces challenges, including rising raw material costs, supply chain disruptions, and the high initial investment associated with electric vehicle adoption. The market is segmented by vehicle type and propulsion system, with a clear trend towards electrification, although internal combustion engine (ICE) vehicles, particularly those using CNG and diesel, will likely retain significant market share in the near term. Key players such as Hino Motors, PACCAR, Ram Trucking, Isuzu, General Motors, Daimler, Volvo, Toyota, and Ford are actively competing in this dynamic market, investing in innovation and expanding their product portfolios to cater to evolving customer needs. The competitive landscape is characterized by both established players and emerging companies vying for market dominance. The market's success hinges on technological advancements, particularly in battery technology and charging infrastructure for electric vehicles. Furthermore, government policies promoting sustainable transportation and incentivizing electric vehicle adoption will play a crucial role in shaping the market's trajectory. While the transition to electric vehicles is underway, the robust demand for efficient and reliable transportation continues to drive overall market growth. The successful players will be those that can adapt quickly to technological change, navigate supply chain complexities, and cater to the evolving needs of various segments within the commercial vehicle market. We estimate the 2025 market size to be approximately $150 Billion, based on publicly available data on related sectors and growth projections. Recent developments include: August 2023: General Motors will launch an all-electric Cadillac Escalade in late 2024August 2023: General Motors doubles down on plans for an electric future in the Middle East.August 2023: Toyota Kirloskar Motor launched the all-new MPV Vellfire strong hybrid electric vehicle (SHEV) for a starting price of INR 11.99 million and going to INR 12.99 million.. Key drivers for this market are: Rapid Urbanization and Demand for Convinient Transportation. Potential restraints include: Traffic Congestion in Major Cities. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

In 2022, Around ** million commercial vehicles were sold in the United States, down from approximately ** million units as reported in 2021. This type of vehicle includes motor vehicles used for transporting goods or paid passengers.

The United States commercial vehicle market is experiencing robust growth, driven by a resurgent economy, expanding e-commerce logistics, and a heightened focus on infrastructure development. The market, segmented by vehicle type (buses, heavy-duty trucks, light commercial pick-up trucks, light commercial vans, medium-duty trucks) and propulsion type (ICE – CNG, diesel, gasoline, LPG; hybrid and electric – BEV, FCEV, HEV, PHEV), shows significant potential for expansion throughout the forecast period (2025-2033). While Internal Combustion Engine (ICE) vehicles continue to dominate the market share currently, the increasing adoption of stringent emission regulations and government incentives for electric and hybrid vehicles are accelerating the transition towards cleaner transportation solutions. This shift is particularly noticeable in the light and medium-duty commercial vehicle segments, where fuel efficiency and reduced operational costs are key decision-making factors for fleet operators. The market's growth is also influenced by technological advancements in autonomous driving systems, telematics, and connected vehicle technologies, which promise to improve efficiency and safety. However, challenges remain, including the high initial cost of electric and hybrid vehicles, the limited charging infrastructure in certain regions, and supply chain disruptions impacting vehicle production. Major players like Daimler AG, Ford, GM, and Volvo are strategically investing in research and development to enhance their product offerings, focusing on fuel efficiency, advanced safety features, and sustainable technologies. The competitive landscape is intensifying, with companies focusing on expanding their market share through strategic partnerships, mergers and acquisitions, and innovative product launches. The overall market growth is projected to be significantly influenced by the continued growth of the e-commerce sector and the resulting increase in demand for delivery vehicles, as well as government initiatives aimed at promoting sustainable transportation. This necessitates a proactive approach by manufacturers to meet evolving consumer demands and adapt to changing market dynamics. Continued investment in charging infrastructure and technological innovation will be crucial for the sustained growth of the US commercial vehicle market, especially within the electric and hybrid segments. Recent developments include: August 2023: General Motors will launch an all-electric Cadillac Escalade in late 2024August 2023: General Motors doubles down on plans for an electric future in the Middle East.August 2023: Toyota Kirloskar Motor launched the all-new MPV Vellfire strong hybrid electric vehicle (SHEV) for a starting price of INR 11.99 million and going to INR 12.99 million.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Unlock expert insights on U.S. Commercial Vehicles Market, size at USD 155 billion in 2023, highlighting trends and market forecast supported through industry developments and revenue analysis.

United States Commercial Vehicles Market size was valued at USD 236.17 Billion in 2024 and is projected to reach USD 389.81 Billion by 2032, growing at a CAGR of 6.43% during the forecast period from 2026-2032.

United States Commercial Vehicles Market: Definition/ Overview

Commercial vehicles are motorized vehicles designed and utilized for the transportation of goods, materials, or passengers for business purposes. They encompass a broad spectrum of vehicle types, ranging from light-duty vans and pickup trucks to heavy-duty trucks and buses. These vehicles are integral to various industries, facilitating logistics, supply chain operations, and public transportation. Their design and specifications are tailored to meet the specific requirements of their intended commercial applications.

Commercial vehicles facilitate the efficient transport of goods and materials across diverse industries, supporting supply chain operations.

The United States is the world's largest market for commercial vehicles, with sales amounting to over ** million units in 2022. The country dwarfed all other markets, with the Asia/Oceania/Middle East region coming in second, recording over ***** million sales that same year. A sector hit by the pandemic The global automotive industry was severely affected by the coronavirus pandemic in 2020. Worldwide commercial vehicles production dipped under ** million units that year, which represented a loss of over ***** million units year-over-year. With around **** million vehicles produced, North America was the overall leading region for commercial vehicles output in 2020, though it also recorded a contraction of **** percent compared to 2019. Light commercial vehicles, used for short-haul and urban transport, comprised most of the global production volume in 2020. A dynamic U.S. market ***** out of five of the world's largest trucking companies were based in the United States, where the definition for commercial vehicles varies from other market. Trucks are often grouped into ***** different types, ranging from Class * light duty trucks, including pickups such as the Toyota Tacoma, to Class * heavy duty haulers such as the Freightliner Cascadia. The U.S. commercial vehicle production industry has steadily increased after dramatic losses in output during the ********* financial crisis. Since 2010, the production of commercial vehicles in the United States has risen from around **** million units to just over *** million units in 2018, before dipping to under ***** million units in 2020 due to the pandemic.

The Commercial Vehicles Market report segments the industry into Vehicle Type (Commercial Vehicles), Propulsion Type (Hybrid and Electric Vehicles, ICE), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Includes five years of historic market data and forecasts for the next five years.

The United States commercial vehicles market reached around USD 155.00 Billion in 2024. The market is estimated to grow at a CAGR of 6.80% during the forecast period of 2025-2034 to attain nearly USD 299.26 Billion by 2034.

Class * trucks were the most popular heavy-duty electric vehicle trucks in the United States in 2019, with ** vehicles in the fleet. By 2026, it is projected this volume will grow to *** units, with a compound annual growth rate of ***** percent between 2020 and 2026.

The global commercial vehicle market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 10.55% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the burgeoning e-commerce sector necessitates efficient and reliable last-mile delivery solutions, fueling demand for light commercial vehicles like vans and pickup trucks. Simultaneously, the infrastructure development boom across emerging economies, particularly in Asia-Pacific and the Middle East & Africa, necessitates heavy-duty trucks for construction and logistics. Furthermore, stringent emission regulations globally are accelerating the adoption of hybrid and electric commercial vehicles, particularly Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs), despite higher initial costs. However, the market faces challenges such as the volatility of raw material prices, particularly for battery components in electric vehicles, and potential supply chain disruptions. The ongoing global chip shortage also continues to impact production timelines and vehicle availability. Market segmentation reveals significant opportunities within specific vehicle types and propulsion systems. Heavy-duty commercial trucks, crucial for long-haul transportation, are expected to command a significant market share, followed by light commercial vehicles due to their widespread application in urban delivery and small business operations. While Internal Combustion Engine (ICE) vehicles currently dominate the market, the share of electric and hybrid vehicles is predicted to increase substantially over the forecast period, propelled by government incentives, technological advancements improving battery range and charging infrastructure development. Regional analysis suggests that Asia-Pacific, led by China and India, will be a primary growth engine, driven by rapid industrialization and urbanization. North America and Europe will also contribute significantly, albeit at a potentially slower pace due to market saturation in certain segments. Key players like Scania, Daimler, Volvo, and BYD are strategically positioned to capitalize on these trends through innovation and strategic partnerships. This insightful report provides a detailed analysis of the global commercial vehicles market, offering a comprehensive overview of its current state, future trends, and key players. With a study period spanning from 2019 to 2033, a base year of 2025, and an estimated year of 2025, this report delivers crucial insights for businesses looking to navigate this dynamic sector. The report covers key segments including heavy-duty commercial trucks, light commercial pick-up trucks, light commercial vans, medium-duty commercial trucks, hybrid and electric vehicles (BEV, FCEV, HEV, PHEV), and ICE vehicles (CNG, Diesel, Gasoline, LPG). Recent developments include: August 2023: General Motors will launch an all-electric Cadillac Escalade in late 2024August 2023: General Motors doubles down on plans for an electric future in the Middle East.August 2023: Toyota Kirloskar Motor launched the all-new MPV Vellfire strong hybrid electric vehicle (SHEV) for a starting price of INR 11.99 million and going to INR 12.99 million.. Key drivers for this market are: Growing Travel and Tourism Industry is Driving the Car Rental Market. Potential restraints include: Increasing Popularity of Ride-Sharing Services Pose Challenges for the Conventional Car Rental Market. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

USA Automotive High Performance EV Market is segmented drive type (plug-in hybrid and battery electric), and vehicle type (passenger cars and commercial vehicles).

The electric light commercial vehicle market is estimated to be worth US$ 303.2 billion in 2024. The demand for electric light commercial vehicles is predicted to grow at a robust CAGR of 9.5% over the forecast period. The market valuation is expected to reach US$ 750 billion by 2034.

Report Attribute	Details
Electric Light Commercial Vehicle Market Size (2024)	US$ 303.2 billion
Anticipated Market Value (2034)	US$ 750 billion
Projected CAGR (2024 to 2034)	9.5%

Historical Analysis of the Electric Light Commercial Vehicle Market Compared to Forecast Outlook

Attributes	Details
Electric Light Commercial Vehicle Market Size (2019)	US$ 173 billion
Total Market Size (2023)	US$ 271.9 billion
Overall Market (CAGR 2019 to 2023)	12% CAGR

Country-wise Insights

Countries	CAGR (2024 to 2034)
United States	9.8%
Japan	10.9%
United Kingdom	10.7%
South Korea	11.3%
China	9.9%

Electric Light Commercial Vehicle Market Report Scope

Attribute	Details
Estimated Market Size (2024)	US$ 303.2 billion
Projected Market Size (2034)	US$ 750 billion
Anticipated CAGR (2024 to 2034)	9.5%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	US$ million or billion for Value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Segments Covered	By Vehicle Type, By Application, By Propulsion Type, By Gross Vehicle Weight (GVW), and By Region
Key Companies Profiled	Bollinger Chevrolet Ford Motor Company Fuso
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

United States Electric Vehicle market was valued at USD 116.93 billion in 2024 and is anticipated to grow USD 166.79 billion by 2030 with a CAGR of 6.15%

Pages	70
Market Size	2024: USD 116.93 Billion
Forecast Market Size	2030: USD 166.79 Billion
CAGR	2025-2030: 6.15
Fastest Growing Segment	Passenger Cars
Largest Market	South
Key Players	1. Tesla Inc. 2. Toyota United States Inc. 3. General Motors of United States Company 4. Ford Motor Company of United States Limited 5. Nissan United States Inc. 6. Hyundai Auto United States Corp. 7. Honda United States Inc. 8. FCA United States Inc. 9. The Lion Electric Company 10. NFI Group Inc

In 2022, approximately *** million commercial vehicles were produced throughout the United States. Commercial vehicles made up under ** percent of the total motor vehicle manufacturing in the United States in 2022, with total vehicle production amounting to over ** million units. The worlds leading manufacturer Just as the USA is a leading producer of light vehicles, it was also the leading manufacturer of commercial vehicles, exporting around ** percent of the worlds total production. However, there is increasing competition from China, who in the same year produced almost *** million vehicles. Although not yet reaching the same output as the USA, China's industry has grown exponentially in recent years. What does the future hold? With inflation in the United States increasing to ***** percent in 2022, the squeeze on the economy is being felt everywhere, especially in the vehicle manufacturing industry. If this fiscal pressure continues, both manufacturers and consumers may seek overseas providers of commercial vehicles and thus potentially bring an end to the market dominance currently held by the United States.

United States Solid Waste Management Vehicles Market was valued at USD 52.57 billion in 2024 and is expected to reach USD 72.15 billion by 2030 with a CAGR of 5.42%.

Pages	80
Market Size	2024: USD 52.57 billion
Forecast Market Size	2030: USD 72.15 billion
CAGR	2025-2030: 5.42%
Fastest Growing Segment	Garbage Compactor Truck
Largest Market	Midwest
Key Players	1. Autocar, LLC 2. Casella Waste Systems, Inc. 3. Clean Harbors, Inc. 4. GFL Environmental Inc. 5. Labrie Enviroquip Group 6. McNeilus Truck and Manufacturing, Inc. (a subsidiary of Oshkosh Corporation) 7. New Way Trucks (Scranton Manufacturing Company) 8. Republic Services, Inc. 9. The Heil Company (Environmental Solutions Group) 10. Waste Management, Inc.

The U.S. electric truck market generated revenue of USD 730.6 million in 2023, which is expected to witness a growth rate of 54.3% during 2024–2030.

The United States Electric Pick-up Trucks Market is segmented by Fuel Category (BEV, HEV, PHEV). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

The Electric Commercial Vehicle (ECV) market is experiencing explosive growth, projected to reach a significant market size with a Compound Annual Growth Rate (CAGR) of 25.10% from 2025 to 2033. This surge is driven by several key factors: stringent government regulations aimed at reducing carbon emissions, the increasing availability of charging infrastructure, advancements in battery technology leading to longer ranges and faster charging times, and the decreasing cost of electric powertrains making EVs increasingly price-competitive with traditional diesel vehicles. Furthermore, growing awareness of environmental sustainability among businesses and fleet operators is fueling demand for cleaner transportation solutions. Key segments driving this growth include Battery Electric Vehicles (BEVs), which currently dominate the market due to their established technology and lower upfront costs compared to Fuel Cell Electric Vehicles (FCEVs). Within vehicle types, buses and delivery vans are experiencing the most rapid adoption due to concentrated routes and predictable charging needs, offering significant operational cost savings. The market is highly competitive, with established automotive giants like Daimler AG, Volvo, and Ford Motor Company, alongside innovative EV-focused companies like Tesla and BYD Auto Co Ltd., vying for market share. Geographic growth is particularly strong in regions with supportive government policies and expanding charging infrastructure, such as North America, Europe, and parts of Asia Pacific. The forecast for the ECV market is overwhelmingly positive, with continued strong growth anticipated throughout the forecast period (2025-2033). However, challenges remain, including the high initial cost of electric vehicles, limitations in charging infrastructure in certain regions, and concerns about the long-term durability and lifespan of batteries. Overcoming these obstacles through further technological advancements, supportive government incentives, and strategic investments in infrastructure will be crucial for sustaining the market's impressive growth trajectory. The market will likely see increasing diversification in vehicle types, power outputs, and battery chemistries, catering to the evolving needs of diverse commercial applications and geographical landscapes. The competition will further intensify, with mergers, acquisitions, and strategic alliances reshaping the market landscape. Comprehensive Coverage Electric Commercial Vehicle Market Report (2019-2033) This in-depth report provides a comprehensive analysis of the Electric Commercial Vehicle market, offering invaluable insights into market dynamics, trends, and future growth projections. Covering the period from 2019 to 2033, with a base year of 2025 and a forecast period spanning 2025-2033, this report is an essential resource for businesses, investors, and policymakers navigating the rapidly evolving landscape of electric commercial vehicles. The report meticulously analyzes key segments, including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs), across various vehicle types like buses, trucks, pickup trucks, and vans. Recent developments include: June 2023: Volkswagen Commercial Vehicles is expected to conduct autonomous driving testing using the self-driving all-electric Volkswagen ID. The testing program has already been launched in Texas, United States, at Volkswagen Group of America (VWGoA) alongside European centers. The company's aim is to expand commercially available transport services and the Volkswagen Group's mobility options., December 2022: Mercedes-Benz announced that a memorandum of understanding (MoU) was signed by Mercedes-Benz Vans with the Polish government and other partners to build a new van production plant at the Jaworlocation. The first entirely electric facility will be Mercedes-Benz vans., December 2022: Mercedes-Benz and Rivian signed an MOU for a strategic partnership and joint production of electric vans. Starting in a few years, the companies intend to establish a new joint venture manufacturing company with the goal of investing in and operating an existing Mercedes-Benz site in Central/Eastern Europe to produce large electric vans for both Mercedes-Benz Vans and Rivian., October 2022: GMC unveiled the first-ever Sierra EV pickup truck as part of its all-electric truck lineup. The electric truck line, led by the 2024 Sierra EV Denali Edition 1, offers 400 miles of range on a full charge and unique features made possible only by its dedicated EV truck platform.. Key drivers for this market are: Stringent Emission Regulations are Fueling the Market Growth. Potential restraints include: High Cost of Electric Commercial Vehicle May Hamper the Growth. Notable trends are: Stringent Emission Regulations are Fueling the Market Growth.