Global Commercial Vehicles Market worth US$ 428.0 Billion 2029 with a CAGR of 5.3 %The report "Global Commercial Vehicles Market, By Product (Light Commercial Vehicles (LCVs), Heavy Trucks, and Buses & Coaches), By End Use (Industrial, Mining Construction, Logistics, Passenger Transportation, and Others), and Region - Global Forecast to 2029" Global commercial vehicles market is projected to grow from US$ 268.6 billion in 2020 to US$ 428.0billion by 2029. Growing urbanization and increasing spending on infrastructure development in emerging economies are major factor driving growth of the global commercial vehicles market. In addition, network services such as accident warnings, weather reports, traffic data, and updates on roadwork provide numerous benefits, including enhanced safety and preventing unauthorized access to vehicles is anticipated to boost the global market growth. Furthermore, adoption of electric vehicles and semi autonomous commercial vehicles are expected to positively support growth of the global commercial vehicle market over the forecast period. Key Highlights:Link: https://www.prophecymarketinsights.com/market_insight/Global-Commercial-Vehicles-Market-By-525

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