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Global Commercial Vehicles Industry

  • March 2015
  • -
  • Global Industry Analysts
  • -
  • 539 pages

This report analyzes the worldwide markets for Commercial Vehicles in Thousand Units. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 113 companies including many key and niche players such as -

AB Volvo Group
BAIC Group
Chrysler Group LLC
China National Heavy Duty Truck Group
Daimler AG

Table Of Contents

Global Commercial Vehicles Industry



I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-3
Product Definitions and Scope of Study I-3


II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1
A Prelude II-1
Summary of Key Factors Influencing Demand for Commercial Vehicles II-2
Economic Activity II-2
Freight Rates II-2
Government Policy and Infrastructure Development II-3
A Peek Into the Correlation Between the CV Market and the
Transportation Industry II-3
Impact of the 2007-2009 Recession in Retrospect on Automotive
Industry II-3
Factors Responsible for Decline in New Commercial Vehicle Sales II-4
Overcapacity Reaches Peak in the 2007-2009 Economic Recession II-4
Market Recovers in 2010 II-5
Growth in the Market Once Again Tested Between 2011-2014 II-5
‘Eurozone' Debt Crisis Tempers Economic Activity in the
Region in 2012 and 2013 II-5
Debt Crisis Drags European Commercial Vehicles Market into
Red in 2012 and 2013 II-7
Table 1: Breakdown of Gross Government Debt as Percentage
of GDP for the Year 2012 by Country (includes corresponding
Graph/Chart) II-8

Table 2: European Automobile Market: Estimated Plant
Capacity Utilization for the Years 2007, 2010, 2011 and 2012
(includes corresponding Graph/Chart) II-8
America's Brush with the Fiscal Cliff Crisis (2011 through
2014) and its Impact on the Auto Industry II-9
Weakness in Business Spending Despite Economic Growth
Tempers Commercial Vehicles Market in 2012 II-9
After a Temporary Recovery in 2013, US Commercial Vehicles
Market Slows Down Once Again in 2014 II-10
Volatile Demand Patterns in Emerging Markets Hurts Global
Commercial Vehicles Market During 2011-2014 II-11
Impact of China's Slowdown On Global Market During 2011-
2014 - A Review II-13
Market Growth Remains Strained in 2014, But Optimistic Global
Economic Outlook for 2015 and Beyond Augurs Well for Market
Prospects II-13
Table 3: World GDP (2012-2015): Breakdown of Percentage GDP
Growth by Select Country (includes corresponding Graph/Chart) II-15
US Market in 2015 and Beyond: Mostly Positive Outlook Sprinkled
With Yet Lingering Fears II-16
European Market Outlook: Hopes for a Recovery Despite
Volatility and Risks of a Relapse II-16
Table 4: EU Real GDP Growth Rates in % (2014 and 2015):
Breakdown by Country (includes corresponding Graph/Chart) II-18

Table 5: Purchasing Managers Index (PMI) in the Euro Area:
Breakdown of Quarterly PMI Data for Select Countries for the
Year 2014 (includes corresponding Graph/Chart) II-19

Table 6: Key Business Indicators in the Euro Area for the
First 3 Quarters of the Year 2014 (includes corresponding
Graph/Chart) II-19
Cyclical Upturn in Year 2015 and Beyond Encourages Positive
Market Outlook for Asia-Pacific Commercial Vehicles Market II-20
Market Outlook II-21

2. NOTEWORTHY TRENDS, GROWTH DRIVERS and ISSUES II-22
Developing Markets to Lend Traction to Market II-22
Asia-Pacific Also Set to Become Fastest Growing Production
Center for Commercial Vehicles II-22
Table 7: Emerging Dominance of OEMs From Developing
Countries in the Global Automotive Manufacturing Market
(2012 and 2025P): Percentage Share Breakdown of Number of OEMs
by Origin - OEMs from Developed Automotive Markets and OEMs
from Emerging Automotive Markets (includes corresponding
Graph/Chart) II-23
Nearshoring Trend Positions Brazil and Mexico as a Strong
Production Centers for CVs II-23
Foreign OEMs Implement Locally-Adjusted Approach in
Developing Markets II-24
Rising Average Vehicle Life Provides a Fertile Environment for
New CV Purchases II-24
Light Commercial Vehicles Segment - The Volume Contributor II-24
Trucks - Lifeline for Commercial Distribution Activity II-25
Table 8: World Trucks Market (2013 and 2018): Percentage
Breakdown of Value Sales by Region - North America, Europe,
Asia-Pacific, Latin America, and Rest of World (includes
corresponding Graph/Chart) II-25
Diesel Vehicles Continue Dominance in the Global Truck Market II-25
Global Industrial Truck Market - An Overview II-26
Table 9: World Industrial Trucks Market (2014): Percentage
Breakdown of Value and Volume Sales by Region - North America,
Europe, Asia-Pacific, and Rest of World (includes
corresponding Graph/Chart) II-26
Growing Demand for Food Trucks Drives CV Market II-27
Rising Demand for Refrigerated Vehicles Augurs Well for CV Market II-27
Vehicle Financing - Critical to New Commercial Vehicle Sales II-27
OEMs Too Turn Vehicle Financiers II-28
Product Developments to Boost Commercial Vehicles Market II-28
Focus on Global Vehicle Standards II-28
The Future is All About Being Green II-28
Trend Towards Low-Emission and Fuel Efficient Vehicles
Drives Success of Green Technologies II-29
Exhaust Gas Recirculation and Selective Catalytic Reduction
Technologies Grow in Prominence II-29
Aluminum - Turning into a Key Manufacturing Component for
Automobiles II-30
Natural Gas Commercial Vehicles to Gain Industry Attention II-30
High Demand for Natural Gas Commercial Vehicle Drives
Compression Ignition Technology II-31
Hybrid Commercial Vehicles - The CV of the Future II-31
Emission Norms and Need to Reduce Fuel Consumption Drives
Innovation in LCV Powertrains II-31
Commercial Vehicle Manufacturers Increase Safety Features II-32
Incorporation of Telematics and Communication Capabilities in
New CVs II-32
Growing Focus On Telematics as a Key Value Addition in
Trucking Industry - A Key Opportunity Indicator for OEM
Telematics Solutions II-33
Commercial Telematics to Transform into a Constant Source of
Revenue II-33
Going Beyond Telematics - Integration of Communication
Technology in Trucks to Drive Future Growth II-34
On-Demand Mobility Service Providers - A Boon or a Bane? II-35
Auto-IT Nexus - Big Money Online II-35
E-Commerce - A Burgeoning Industry II-36
Virtual Sales are for Real II-36
E-Tailers: Eating into Retailer Profit Margins II-36
E-Models - Redefining Retail and Distribution Landscape II-36
I. Manufacturers II-36
Cost Benefits II-37
A Shift in Trade-Off Curve II-37
Miscellaneous Benefits II-37
II. Consumers II-37
Enhanced Financial Control II-37
Value-Added-Services II-37

III. Suppliers II-38
Control Over Scheduling II-38
IV. Dealers II-38
Unlimited Options II-38
Competition: Noteworthy Trends II-38
Full-Line Multi-Brand Manufacturing - The Key Strategy for
Manufacturers II-38
Standardization and Modularization Potentially Saves
Production and Development Costs II-39
Focus on Supplier-End User Relationship II-40
Automakers Focus on Customer Satisfaction to Fuel Future Growth II-40
Consolidation - Growth Through Shrinkage II-41
Consolidation - A Panacea for all Frills? II-41
Key Market Share Statistics II-41
Table 10: World Industrial Trucks Market (2014): Percentage
Breakdown of Volume Sales by Leading Players - Jungheinrich,
Kion, Toyota and Others (includes corresponding Graph/Chart) II-41

Table 11: World Truck Market (>16 T ) (2013) : Percentage
Breakdown of Sales by Leading Players - Ashok Leyland,
Daimler, Iveco, Navistar, Paccar, Tata Motors, Volkswagen,
Volvo and Others (includes corresponding Graph/Chart) II-42

Table 12: Global Light Commercial Vehicles Market (2013):
Percentage Share Breakdown of Production by Leading Players
(includes corresponding Graph/Chart) II-42

Table 13: Global Heavy Commercial Vehicles Market (2013):
Percentage Share Breakdown of Production by Leading Players
(includes corresponding Graph/Chart) II-42

Table 14: Global Heavy Buses Market (2013): Percentage Share
Breakdown of Production by Leading Players (includes
corresponding Graph/Chart) II-43
Regulations - An Overview II-43
New Automotive Block Exemption Comes Back Into Force II-43
Primary Market II-43

3. AUTOMOTIVE INDUSTRY ANALYSIS II-45
The Changing Face of the Automotive Industry: A Prelude II-45
Table 15: Middle-Class Consumer Spending Across Developed and
Developing Regions (2013E and 2030F): Percentage Breakdown by
Region (includes corresponding Graph/Chart) II-47

Table 16: Emerging Dominance of OEMs From Developing
Countries in the Global Automotive Manufacturing Market (2012 and
2025P): Percentage Share Breakdown of Number of OEMs by
Origin - OEMs from Developed Automotive Markets and OEMs from
Emerging Automotive Markets (includes corresponding
Graph/Chart) II-47

Table 17: Emerging Dominance of OEMs From Developing
Countries in the Global Passenger Car Market (2012 and 2025P):
Percentage Share Breakdown of Regional and Foreign OEMs by
Region/Country (includes corresponding Graph/Chart) II-48

Table 18: World Passenger Cars Market (2013): Percentage
Market Share Breakdown of Unit Sales by Company (includes
corresponding Graph/Chart) II-49
Factors Driving New Vehicle Demand II-49
Macro-Economic Factors II-49
Size of the Economy II-49
National Economic/Regulatory Policies II-49
Fluctuating Exchange Rates II-49
Automobile Infrastructure II-50
Environmental Concerns II-50
Micro-Economic Factors II-50
Open Trade II-50
Regional Integration II-50
Consumer/Investment Financing II-51
Taxes II-51
Price II-51
Other Miscellaneous Factors II-51
Automobile Emissions - A Major Concern II-51
Methods to Cut Down Auto Emissions II-52
Use of Catalytic Converters and Oxidation Catalysts II-52
Hiking the Air to Fuel Ratio II-52
Direct Injection Technology II-52
Petrol Vs. Diesel - Choosing Between the Lesser of Two Evils II-52
Alternative Fuels - A Healthy Alternative Towards Reducing
Auto Emissions II-52
Biodiesel II-53
Electric Fuel II-53
Ethanol II-53
Hydrogen II-54
Methanol II-54
Natural Gas II-54
Propane II-54
P-Series II-55
Solar Fuel II-55
Automotive Electronics - An Emerging Phenomenon II-55
The Future “Auto” Mobile II-55
A Quick Glance at the Latest Innovations in Automobile
Electronics II-55
Night Vision II-55
Electronic Power Steering System II-56
OnStar Mobile Concierge Service II-56
Intelligent Cruise Control II-56
Collision-Warning Systems II-56
Smart Airbags II-56
Antilock Braking Systems (ABS) II-56
Drive-by-Wire Systems II-56
Smart Sensors II-57
Telematics II-57
In the World of Automotive Electronics II-57
It Pays to Integrate Systems II-57
Shift in Responsibility II-57
Hi-tech Systems Form a Competitive Platform II-57
The Other Side of the Coin II-58

4. PRODUCT OVERVIEW II-59
Commercial Vehicles - A Classification II-59
Table 19: Categorization of Trucks based on GVW II-59
Categorization of Trucks based on Class and End-Use II-59
Commercial Vehicle Classification - By Region/Country II-60
United States and Canada II-60
Japan II-60
Europe II-60
Germany II-60
Italy II-60
The United Kingdom II-60
Asia-Pacific II-60
Australia II-60
Table 20: Australian Light Commercial Vehicle Segmentation II-61

Table 21: Australian Heavy Commercial Vehicle Segmentation II-61
China II-61
India II-61
Indonesia II-61
Table 22: Indonesian Commercial Vehicle Classification II-62
South Korea II-62
Thailand II-62
Latin America II-62
Argentina II-62
Brazil II-62
Mexico II-62

5. PRODUCT INTRODUCTIONS/INNOVATIONS II-63
FUSO Releases New Medium Duty Truck II-63
Nissan Launches Nissan NP300 Navara II-63
Tata Motors Introduces New ILCV Range of Trucks II-63
Volvo Announces Plans to Introduce New UD Bus Range II-63
Tata Motors Bags New Orders II-63
Tata Motors Introduces ULTRA Range II-63
Tata Motors Rolls Out Tata PRIMA heavy Trucks II-63
Tata Motors Rolls Out 10 new Prima LX Trucks II-63
UD Trucks Rolls Out the New Quon II-64
Eicher Unveils New Range of Buses and Trucks II-64
EEPL to Introduce New Range of Personal Vehicles II-64
Volvo Launches FH Series II-64
Volvo Rolls Out New Truck Series with Euro 6 Engines II-64
Volvo Buses to Launch Volvo 7900 Articulated Hybrid Bus II-64
GMC to Launch 2014 Sierra 1500 Denali Full-Size Pickup II-64
Peterbilt Motors Launches Peterbilt Model 389 Truck II-64
Volvo Trucks Launches Volvo VNX Heavy-Haul Tractor II-65
VECV Launches Pro Series II-65
DONGVO Launches UD Trucks' KuTeng II-65
Volvo Group Optimizes European Truck Manufacturing II-65
Volvo Trucks Reveals Fourth-Generation VM Model II-65
FAW-GM Launches Light-Duty Truck F3 II-65
MAN Introduces Euro-6 Fire Trucks II-65
MFTBC Rolls Out FUSO in Zambia II-65
Daimler Rolls Out 5,000th Truck from Oragadam Plant II-66
DAF Unveils New LF and CF Euro 6 Vehicles II-66
Kenworth Rolls Out New T880 Vocational Truck II-66
Volvo Trucks Launches Volvo FM Truck II-66
Mahindra Introduces Bolero Maxi Truck Plus in Ahmedabad II-66
Hyundai Motor Introduces New Heavy Commercial Vehicle Xcient II-66
Volvo to Introduce New Economy Bus Brand in India II-66
UQM Technologies Launches New UQM PowerPhase HD® 950 System II-66
Kewalram Nigeria Introduces FotonDaimler Buses and Heavy
Trucks in Nigeria II-67
BelAZ Introduces Largest Dump Truck 75710 II-67
Ashok Leyland Rolls Out its Dost LCV in North India and Opens
Dealership Outlets II-67
Ashok Leyland Nissan JV Launches Ashok Leyland Stile MPV II-67
Mahindra and Mahindra Introduces New Bolero Pick-Up Flat Bed II-67
Proton Motor Fuel Cell Launches Electric Commercial Vehicle II-67
General Motors Launches 2015 GMC Sierra HD and 2015 Chevrolet
Silverado HD II-67
Ashok Leyland Rolls Out Boss Commercial Vehicle II-67
Navistar International Introduces International® ProStar®
Truck in Russia II-68
Daimler Introduces Fuso Trucks Range in Kenya II-68
DAF Introduces New Euro 6 CF and LF Construction Models II-68
UD Trucks Introduces Quester Heavy-Duty Truck Line II-68
Ashok Leyland Introduces 3120 MAV Truck II-68
Mahindra and Mahindra Rolls Out Xylo D2 MAXX II-68
Nissan Motor Unveils NT 500 Trucks in Europe II-68

6. RECENT INDUSTRY ACTIVITY II-69
FAW Completes Construction of Truck Plant II-69
Hino Motors Commences Production II-69
MAN Obtains Two Major Tenders II-69
Mitsubishi Fuso Begins Delivery of Light-Duty Trucks II-69
Navistar Continues Commitment To Vocational Segments With New
Product Offerings II-69
Tata Motors Joins Hands with TML TRUCK RUS II-69
Fiat Announces Merger of Fiat S.p.A II-69
Volvo Buses Obtains Contract for Intercity Buses from Faure II-69
AeroGround Flughafen München Selects MAN Lion´s City Buses of
MAN Truck and Bus II-70
Columbus City Schools Selects IC Bus II-70
Volvo Buses Secures Coach Chassis Order from JCA Group II-70
Lothian Buses Selects Volvo 7900 Hybrid Bus of Volvo Bus II-70
Dillon Transport to Augment Fleet with Kenworth T800 Trucks
with Cummins Westport ISX12 G Engine II-70
Zimmerman Truck Lines Selects Kenworth T680 Truck with PACCAR
MX-13 Engine II-70
Arriva North West Selects Volvo B5LH Double Decker Bus of
Volvo Bus II-70
Hino Motors and Toyota Tsusho Enter into Partnership II-70
Isuzu Motors to Acquire ITUK II-71
Tata Motors Joins Hands with DRB-HICOM II-71
IIAA Commences Truck Manufacturing in Brazil II-71
Nova Bus Secures Order from ATUQ II-71
Hyundai Forms Joint Venture with Sichuan Nanjun Automobile II-71
Volvo Inks Agreement to Acquire Stake in Dongfeng Commercial
Vehicles II-71
Ford Enlarges CNG and LPG Ready Vehicle Product Portfolio II-71
Penske Automotive Snaps Up Western Star Trucks Australia from
Transpacific Industries II-72
New Flyer Industries Takes Over North American Bus Industries II-72
Iveco and Larimar Group Forms Iveco South Africa Works JV for
Buses and Trucks II-72
Nissan to Assemble Pickup Trucks in Nigeria through Stallion
Group II-72
MFTBC Wins Orders from SAB Miller II-72
Moorgate Forklifts and Nexen Lift Truck Enter into Partnership II-72
Tata Motors and DRB-HICOM Partner for Tata Commercial Vehicles
in Malaysia II-72
Mahindra and Mahindra to Merge its Bus and Truck Divisions II-73
Tata Motors Partners Fusion Automotive to Introduce Xenon Ute
LCVs in Australia II-73
Robert Bosch, ZF Friedrichshafen and Knorr-Bremse Establishes
Alltrucks Joint Venture II-73
Nissan Motor and Suzuki Motor Enter into Agreement II-73
Foton-Daimler Joint Venture Selects Silver Star Auto to
Distribute Heavy Duty Trucks II-73
Tata Motors Inks Marketing and Distribution Agreement with
Fusion Automotive II-73

7. FOCUS ON SELECT PLAYERS II-74
AB Volvo Group (Sweden) II-74
UD Trucks Corporation (Japan) II-74
BAIC Group (China) II-75
Chrysler Group LLC (US) II-75
China National Heavy Duty Truck Group (China) II-75
Daimler AG (Germany) II-76
Dongfeng Motor Corporation (China) II-76
FAW Group Corporation (China) II-76
Fiat Chrysler Automobiles N.V. (Italy) II-77
Iveco S.p.A (Italy) II-77
Ford Motor Company (US) II-78
General Motors Corp. (US) II-78
Hyundai Motor Company (South Korea) II-79
Isuzu Motors Ltd. (Japan) II-79
MAN Truck and Bus AG (Germany) II-79
Mitsubishi Fuso Truck and Bus Corporation (Japan) II-80
Navistar International Corporation (USA) II-80
Nissan Motor Co., Ltd. (Japan) II-81
PACCAR Inc. (USA) II-81
Scania AB (Sweden) II-82
Tata Motors Ltd. (India) II-82
Toyota Motor Corp. (Japan) II-83
Hino Motors, Ltd. (Japan) II-83
Volkswagen AG (Germany) II-83

8. GLOBAL MARKET PERSPECTIVE II-84
Sales Analytics II-84
Table 23: World Recent Past, Current and Future Analysis for
Commercial Vehicles by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and
Rest of World Markets Independently Analyzed with Annual
Sales Figures in Thousand Units for Years 2014 through 2020
(includes corresponding Graph/Chart) II-84

Table 24: World Historic Review for Commercial Vehicles by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales Figures in Thousand
Units for Years 2007 through 2013 (includes corresponding
Graph/Chart) II-85

Table 25: World 14-Year Perspective for Commercial Vehicles
by Geographic Region - Percentage Breakdown of Unit Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2007, 2015 and
2020 (includes corresponding Graph/Chart) II-86
Production Analytics II-87
Table 26: World Recent Past, Current and Future Analysis for
Commercial Vehicles by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and
Rest of World Markets Independently Analyzed with Annual
Production Figures in Thousand Units for Years 2014 through
2020 (includes corresponding Graph/Chart) II-87

Table 27: World Historic Review for Commercial Vehicles by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Production Figures in
Thousand Units for Years 2007 through 2013 (includes
corresponding Graph/Chart) II-88

Table 28: World 14-Year Perspective for Commercial Vehicles
by Geographic Region - Percentage Breakdown of Unit
Production for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
for Years 2007, 2015 and 2020 (includes corresponding
Graph/Chart) II-89

III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Current and Future Analysis III-1
Industry Overview III-1
Noteworthy Trends and Growth Drivers III-1
Growing Industrial Activity to Drive Heavy Duty Commercial
Vehicles III-1
Table 29: US Heavy Duty Transit Bus Market (2013):
Percentage Breakdown of Sales by Leading Players (includes
corresponding Graph/Chart) III-2
Strong Demand for Food Trucks Drives Growth in the US CV
Market III-2
Pickup Trucks Find Increasing Demand III-2
Table 30: US Pickup Trucks Market (2014E): Percentage
Breakdown of Sales by Leading Players (includes
corresponding Graph/Chart) III-2
Privatization of School Bus Services Fuels Industry Growth
in US III-3
Table 31: US School Bus Market (2013): Percentage
Breakdown by Leading Players (includes corresponding
Graph/Chart) III-3
Vehicle Financing - A Successful Sales Tool III-3
Emergence of National Automobile Chains III-3
The Green Movement III-3
Impact of CAFÉ Regulations on the US Light Truck Market III-4
Consumers Continue to Remain in a Conservative Mood - A
Major Issue III-4
Canada - A Major Export Market for US Manufacturers III-4
Competition III-5
Maturing Market Fuels Intense Competition III-5
Overseas Brand Domination - The Threat is Real III-5
Brand Additions Continues to be a Priority for CV
Manufacturers III-5
It Pays to Consolidate III-5
Manufacturers Increasingly Embracing E-Model for
Strengthening Supply Chain III-5
Market Share Findings III-6
Table 32: US Commercial Van Market (2013): Percentage
Share Breakdown of Unit Sales by Leading Brands (includes
corresponding Graph/Chart) III-6

Table 33: US Trucks Market (2013): Percentage Share
Breakdown of Unit Sales by Leading Brands (includes
corresponding Graph/Chart) III-6

Table 34: US Truck (Class 8) Market (2013): Percentage
Market Share Breakdown by Leading Players (includes
corresponding Graph/Chart) III-6

Table 35: US Truck (Class 7) Market (2013): Percentage
Breakdown by Leading Players (includes corresponding
Graph/Chart) III-7
Product Launches III-7
Strategic Corporate Developments III-8
Key Players III-9
B.Market Analytics III-11
Table 36: US Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment - Light Commercial
Vehicles and Medium/Heavy Commercial Vehicle Segments
Independently Analyzed with Annual Sales Figures in Thousand
Units for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-11

Table 37: US Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicle Segments Independently Analyzed with
Annual Sales Figures in Thousand Units for Years 2007
through 2013 (includes corresponding Graph/Chart) III-12

Table 38: US 14-Year Perspective for Commercial Vehicles by
Product Segment - Percentage Breakdown of Unit Sales for
Light Commercial Vehicles and Medium/ Heavy Commercial
Vehicle Segments for the Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-13

Table 39: US Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment - Light Commercial
Vehicles and Medium/Heavy Commercial Vehicle Segments
Independently Analyzed with Annual Production Figures in
Thousand Units for Years 2014 through 2020 (includes
corresponding Graph/Chart) III-14

Table 40: US Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicle Segments Independently Analyzed with
Annual Production Figures in Thousand Units for Years 2007
through 2013 (includes corresponding Graph/Chart) III-15

Table 41: US 14-Year Perspective for Commercial Vehicles by
Product Segment - Percentage Breakdown of Unit Production
for Light Commercial Vehicles and Medium/Heavy Commercial
Vehicles Segments for the Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-16

2. CANADA III-17
A.Market Analysis III-17
Current and Future Analysis III-17
Volatile Demand and Production Patterns Characterize Canadian
Commercial Vehicles Industry III-17
A Major Market to Tap for US Manufacturers III-17
Statistical Data III-17
Table 42: Canadian Trucks Market (2013): Percentage Share
Breakdown of Unit Sales by Leading Brands (includes
corresponding Graph/Chart) III-17

Table 43: Canadian Truck (Class 8) Market (2013):
Percentage Breakdown of Unit Sales by Leading Players
(includes corresponding Graph/Chart) III-18

Table 44: Canadian Commercial Van Market (2013): Percentage
Share Breakdown of Unit Sales by Leading Brands (includes
corresponding Graph/Chart) III-18
CV Manufacturing Sector Overview III-18
Resurgence in Capital Expenditure by Auto Manufacturers to
Fuel Truck Manufacturing in Canada III-19
Strategic Corporate Developments III-19
B.Market Analytics III-20
Table 45: Canadian Recent Past, Current and Future Analysis
for Commercial Vehicles with Annual Sales Figures in
Thousand Units for Years 2014 through 2020 (includes
corresponding Graph/Chart) III-20

Table 46: Canadian Historic Review for Commercial Vehicles
with Annual Sales Figures in Thousand Units for Years 2007
through 2013 (includes corresponding Graph/Chart) III-20

Table 47: Canadian Recent Past, Current and Future Analysis
for Commercial Vehicles by Product Segment - Light
Commercial Vehicles and Medium/Heavy Commercial Vehicle
Segments Independently Analyzed with Annual Production
Figures in Thousand Units for Years 2014 through 2020
(includes corresponding Graph/Chart) III-21

Table 48: Canadian Historic Review for Commercial Vehicles
by Product Segment - Light Commercial Vehicles and
Medium/Heavy Commercial Vehicle Segments Independently
Analyzed with Annual Production Figures in Thousand Units
for Years 2007 through 2013 (includes corresponding
Graph/Chart) III-22

Table 49: Canadian 14-Year Perspective for Commercial
Vehicles by Product Segment - Percentage Breakdown of Unit
Production for Light Commercial Vehicles and Medium/Heavy
Commercial Vehicle Segments for the Years 2007, 2015 and 2020
(includes corresponding Graph/Chart) III-23

3. JAPAN III-24
A.Market Analysis III-24
Current and Future Analysis III-24
Review of Overseas Market Opportunities for Japanese CV
Manufacturers III-24
Japanese CVs- A Major Draw in US Market III-24
Japanese Manufacturers Foray into Indian LCV Market III-24
Japanese OEMs Continue to Remain Strong in SEA Truck Market III-24
Major Issues and Trends III-25
Japan Gradually Losing Share in Global Production Volume III-25
Supplier Cost-Cutting: The Latest Trend III-25
Regulatory Restrictions Continue to Challenge Overseas Players III-25
Key Market Share Finding III-25
Table 50: Japanese Trucks Market (2013): Percentage Market
Share Breakdown by Leading Players (includes corresponding
Graph/Chart) III-25
Product Launch III-26
Strategic Corporate Developments III-26
Key Players III-26
B.Market Analytics III-29
Table 51: Japanese Recent Past, Current and Future Analysis
for Commercial Vehicles Analyzed with Annual Sales Figures
in Thousand Units for Years 2014 through 2020 (includes
corresponding Graph/Chart) III-29

Table 52: Japanese Historic Review for Commercial Vehicles
Analyzed with Annual Sales Figures in Thousand Units for
Years 2007 through 2013 (includes corresponding Graph/Chart) III-29

Table 53: Japanese Recent Past, Current and Future Analysis
for Commercial Vehicles Analyzed with Annual Production
Figures in Thousand Units for Years 2014 through 2020
(includes corresponding Graph/Chart) III-30

Table 54: Japanese Historic Review for Commercial Vehicles
by Analyzed with Annual Production Figures in Thousand Units
for Years 2007 through 2013 (includes corresponding
Graph/Chart) III-30

4. EUROPE III-31
A.Market Analysis III-31
Current and Future Analysis III-31
Industry Overview III-31
Commercial Vehicles Market Comes Under Pressure in 2012 and
2013 Amid Weak Economic Scenario III-31
Market Returns to Positive Growth in 2014 III-32
Introduction of Euro VI Norms - A Blessing in Disguise III-32
European CV Manufacturers Maintain Technology Leadership
Amid Sales Slump III-33
Stringent EURO Emission Norms and Need for Fuel Efficiency
Drives Innovation in LCV Powertrains III-33
Exhaust Gas Recirculation and Selective Catalytic Reduction
Technologies Grow in Prominence III-33
Electric and Hybrid Medium-Heavy Trucks and Buses to Emerge
as a Competitive Market in Europe III-33
New Automotive Block Exemption Comes Back Into Force III-34
Players on a Cost-Cutting Spree III-34
Market Share Findings III-35
Table 55: European Heavy Truck Market (2014): Percentage
Share Breakdown of Revenues by Leading Players - DAF,
Daimler, Iveco, MAN, Scania, Volvo and Others (includes
corresponding Graph/Chart) III-35

Table 56: European Medium Truck Market (2014): Percentage
Share Breakdown of Revenues by Leading Players - DAF,
Daimler, Iveco, MAN, Scania, Volvo and Others (includes
corresponding Graph/Chart) III-35

Table 57: European Trucks (GVW >16 Tons) Market (2014):
Percentage Breakdown of Sales by Leading Players - Daimler,
Iveco, Paccar, Volkswagen, Volvo and Others (includes
corresponding Graph/Chart) III-35
Product Launches III-36
B.Market Analytics III-37
Table 58: European Recent Past, Current and Future Analysis
for Commercial Vehicles by Geographic Region - France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets
Independently Analyzed with Annual Sales Figures in Thousand
Units for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-37

Table 59: European Historic Review for Commercial Vehicles
by Geographic Region - France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets Independently Analyzed
with Annual Sales Figures in Thousand Units for Years 2007
through 2013 (includes corresponding Graph/Chart) III-38

Table 60: European 14-Year Perspective for Commercial
Vehicles by Geographic Region - Percentage Breakdown of Unit
Sales for France, Germany, Italy, UK, Spain, Russia, and
Rest of Europe Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-39

Table 61: European Recent Past, Current and Future Analysis
for Commercial Vehicles by Geographic Region - France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets
Independently Analyzed with Annual Production Figures in
Thousand Units for Years 2014 through 2020 (includes
corresponding Graph/Chart) III-40

Table 62: European Historic Review for Commercial Vehicles
by Geographic Region - France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets Independently Analyzed
with Annual Production Figures in Thousand Units for Years
2007 through 2013 (includes corresponding Graph/Chart) III-41

Table 63: European 14-Year Perspective for Commercial
Vehicles by Geographic Region - Percentage Breakdown of Unit
Production for France, Germany, Italy, UK, Spain, Russia and
Rest of Europe Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-42

4a. FRANCE III-43
A.Market Analysis III-43
Current and Future Analysis III-43
Strategic Corporate Development III-43
B.Market Analytics III-44
Table 64: French Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment - Light Commercial
Vehicles and Medium/Heavy Commercial Vehicles Independently
Analyzed with Annual Sales Figures in Thousand Units for
Years 2014 through 2020 (includes corresponding Graph/Chart) III-44

Table 65: French Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Independently Analyzed with Annual Sales
Figures in Thousand Units for Years 2007 through 2013
(includes corresponding Graph/Chart) III-45

Table 66: French 14-Year Perspective for Commercial Vehicles
by Product Segment - Percentage Breakdown of Unit Sales for
Light Commercial Vehicles and Medium/Heavy Commercial
Vehicles Segments for the Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-46

Table 67: French Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment Light Commercial
Vehicles and Medium/Heavy Commercial Vehicles Independently
Analyzed with Annual Production Figures in Thousand Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-47

Table 68: French Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Independently Analyzed with Annual
Production Figures in Thousand Units for Years 2007 through
2013 (includes corresponding Graph/Chart) III-48

Table 69: French 14-Year Perspective for Commercial Vehicles
by Product Segment - Percentage Breakdown of Unit Production
for Light Commercial Vehicles and Medium/ Heavy Commercial
Vehicle Segments for the Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-49

4b. GERMANY III-50
A.Market Analysis III-50
Current and Future Analysis III-50
Market Overview III-50
Robust Bus Segment Provides Traction to the German CV Market III-50
Other Industry Trends III-51
Outsourcing - A Preferred Cost-cutting Tool III-51
German Auto Business - Going the e-way III-51
Towards a “Greener” Germany III-51
Product Launch III-51
Strategic Corporate Developments III-51
Key Players III-52
B.Market Analytics III-54
Table 70: German Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment - Light Commercial
Vehicles and Medium/Heavy Commercial Vehicles Independently
Analyzed with Annual Sales Figures in Thousand Units for
Years 2014 through 2020 (includes corresponding Graph/Chart) III-54

Table 71: German Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Independently Analyzed with Annual Sales
Figures in Thousand Units for Years 2007 through 2013
(includes corresponding Graph/Chart) III-55

Table 72: German 14-Year Perspective for Commercial Vehicles
by Product Segment - Percentage Breakdown of Unit Sales for
Light Commercial Vehicles and Medium/Heavy Commercial
Vehicles Segments for the Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-56

Table 73: German Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment - Light Commercial
Vehicles and Medium/Heavy Commercial Vehicles Independently
Analyzed with Annual Production Figures in Thousand Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-57

Table 74: German Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Independently Analyzed with Annual
Production Figures in Thousand Units for Years 2007 through
2013 (includes corresponding Graph/Chart) III-58

Table 75: German 14-Year Perspective for Commercial Vehicles
by Product Segment - Percentage Breakdown of Unit Production
for Light Commercial Vehicles and Medium/Heavy Commercial
Vehicles Segments for the Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-59

4c. ITALY III-60
A.Market Analysis III-60
Current and Future Analysis III-60
Environmental Concerns - Government Gets Eco-Friendly III-60
Strategic Corporate Development III-60
Key Players III-60
B.Market Analytics III-62
Table 76: Italian Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment - Light Commercial
Vehicles and Medium/ Heavy Commercial Vehicles Independently
Analyzed with Annual Sales Figures in Thousand Units for
Years 2014 through 2020 (includes corresponding Graph/Chart) III-62

Table 77: Italian Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Independently Analyzed with Annual Sales
Figures in Thousand Units for Years 2007 through 2013
(includes corresponding Graph/Chart) III-63

Table 78: Italian 14-Year Perspective for Commercial
Vehicles by Product Segment - Percentage Breakdown of Unit
Sales for Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Segments for the Years 2007, 2015 and 2020
(includes corresponding Graph/Chart) III-64

Table 79: Italian Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment - Light Commercial
Vehicles and Medium/Heavy Commercial Vehicles Independently
Analyzed with Annual Production Figures in Thousand Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-65

Table 80: Italian Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Independently Analyzed with Annual
Production Figures in Thousand Units for Years 2007 through
2013 (includes corresponding Graph/Chart) III-66

Table 81: Italian 14-Year Perspective for Commercial
Vehicles by Product Segment - Percentage Breakdown of Unit
Production for Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Segments for the Years 2007, 2015 and 2020
(includes corresponding Graph/Chart) III-67

4d. THE UNITED KINGDOM III-68
A.Market Analysis III-68
Current and Future Analysis III-68
Industry Overview III-68
Bus and Coach Segment Exhibits Steady Growth - Lends
Traction to CV Market III-68
Industry/Market Trends III-68
Premium on Quality and Technology III-68
Commercial Vehicles Head Recovery III-69
Britain - A Major Production Hub for Japanese Automakers III-69
Used-Van Market Proves to be a Major Threat for New
Commercial Vans Segment III-69
Product Launches III-69
Strategic Corporate Developments III-70
B.Market Analytics III-71
Table 82: UK Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment Light Commercial
Vehicles and Medium/Heavy Commercial Vehicles Independently
Analyzed with Annual Sales Figures in Thousand Units for
Years 2014 through 2020 (includes corresponding Graph/Chart) III-71

Table 83: UK Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Independently Analyzed with Annual Sales
Figures in Thousand Units for Years 2007 through 2013
(includes corresponding Graph/Chart) III-72

Table 84: UK 14-Year Perspective for Commercial Vehicles by
Product Segment - Percentage Breakdown of Unit Sales for
Light Commercial Vehicles and Medium/Heavy Commercial
Vehicles Segments for the Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-73

Table 85: UK Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment - Light Commercial
Vehicles and Medium/Heavy Commercial Vehicles Independently
Analyzed with Annual Production Figures in Thousand Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-74

Table 86: UK Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Independently Analyzed with Annual
Production Figures in Thousand Units for Years 2007 through
2013 (includes corresponding Graph/Chart) III-75

Table 87: UK 14-Year Perspective for Commercial Vehicles by
Product Segment - Percentage Breakdown of Unit Production
for Light Commercial Vehicles and Medium/Heavy Commercial
Vehicles Segments for the Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-76

4e. SPAIN III-77
A.Market Analysis III-77
Current and Future Analysis III-77
B.Market Analytics III-77
Table 88: Spanish Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment - Light Commercial
Vehicles and Medium/Heavy Commercial Vehicles Independently
Analyzed with Annual Sales Figures in Thousand Units for
Years 2014 through 2020 (includes corresponding Graph/Chart) III-77

Table 89: Spanish Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/
Heavy Commercial Vehicles Independently Analyzed with Annual
Sales Figures in Thousand Units for Years 2007 through 2013
(includes corresponding Graph/Chart) III-78

Table 90: Spanish 14-Year Perspective for Commercial
Vehicles by Product Segment - Percentage Breakdown of Unit
Sales for Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Segments for the Years 2007, 2015 and 2020
(includes corresponding Graph/Chart) III-79

Table 91: Spanish Recent Past, Current and Future Analysis for
Commercial Vehicles by Product Segment - Light Commercial
Vehicles and Medium/Heavy Commercial Vehicles Independently
Analyzed with Annual Production Figures in Thousand Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-80

Table 92: Spanish Historic Review for Commercial Vehicles by
Product Segment - Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Independently Analyzed with Annual
Production Figures in Thousand Units for Years 2007 through
2013 (includes corresponding Graph/Chart) III-81

Table 93: Spanish 14-Year Perspective for Commercial
Vehicles by Product Segment - Percentage Breakdown of Unit
Production for Light Commercial Vehicles and Medium/Heavy
Commercial Vehicles Segments for the Years 2007, 2015 and 2020
(includes corresponding Graph/Chart) III-82

4f. RUSSIA III-83
A.Market Analysis III-83
Current and Future Analysis III-83
Tough Times Projected for Russian Commercial Vehicles Market
in Short to Medium Term Period III-83
Market Share Finding III-83
Table 94: Russian Heavy Truck Market (2013): Percentage
Breakdown of Unit Sales by Leading Players (includes
corresponding Graph/Chart) III-83
Product Launch III-84

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