Home > Automotive > Mobility > Commercial Vehicles > Cargo Vans Market
Cargo Vans Market Size
- Report ID: GMI7314
- Published Date: Nov 2023
- Report Format: PDF
Cargo Vans Market Size
Cargo Vans Market size was valued at USD 104.9 billion in 2022 and is anticipated to register a CAGR of over 8% between 2023 and 2032. The surge in van sales, along with fleet expansion by businesses to meet the rising consumer demand. According to the European Automobile Manufacturers Association, in the first half of 2023, the sale of new vans in the EU surged by 11.2%, reaching 730,969 units, compared to the first-half sale of 2022.
Cargo vans play a pivotal role in the expansion of logistics & transportation enterprises. The compact yet spacious design of cargo vans allows efficient movement of goods between warehouses, distribution centers, and customers. With the rise of e-commerce, cargo vans enable timely and precise deliveries, enhancing customer satisfaction.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Cargo Vans Market Size in 2022: | USD 104.9 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 8% |
| 2032 Value Projection: | USD 217.9 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 259 |
| Segments covered: | Propulsion, Tonnage Capacity, End Use |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Changing regulations pose a significant challenge to the industry. Stringent emission standards require manufacturers to invest in eco-friendly technologies, increasing production costs. Moreover, evolving safety regulations demand continuous upgrades, adding complexity to manufacturing processes. Trade policies and tariffs can also disrupt the supply chain, affecting the availability of essential components.
Frequently Asked Questions (FAQ) :
Cargo Vans Market Scope
