India Commercial Vehicle Market Growth: USD 69.06 Billion | Key Players & Insights
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- Location: 201301, India
The India commercial vehicle market is poised for significant growth, driven by industrial expansion, infrastructure development, and the increasing need for efficient logistics. According to a TechSci Research report, the market was valued at USD 51.27 billion in 2024 and is expected to reach USD 69.06 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.14%.
This remarkable growth is fueled by multiple factors, including a rising middle-class population, the expansion of organized retail, and increasing urbanization.
Additionally, government initiatives promoting electrification and sustainability in the transportation sector are playing a crucial role in reshaping the commercial vehicle landscape. This report delves into the key factors shaping the industry, market segmentation, emerging trends, and recent developments.
cLiCk tHe bElOw lInK To dOwNlOaD ThE FrEe sAmPlE RePoRt fOr iNsIgHtS.
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