Commercial Vehicles - France

France

In France, the Commercial Vehicles market is projected to reach a total of 453.60k vehicles unit sales by the year 2024.
Looking ahead, a compound annual growth rate of 1.49% (CAGR 2024-2030) is expected, which would result in a projected market volume of 495.60k vehicles units by 2030.
This demonstrates the potential for significant growth in the Commercial Vehicles market.
Additionally, the production of Commercial Vehicles market is predicted to reach 877.80k vehicles units in 2030, further highlighting the market's potential.
Taking an international perspective, it is worth noting that the majority of sales in 2024 are expected to be the in the United States, reaching a total of 13,750.00k vehicles units.
The French commercial vehicles market is experiencing a shift towards electric and hybrid vehicles, driven by government incentives and increasing environmental awareness.

Definition

A commercial vehicle is a motor vehicle that is used for business or commercial purposes rather than personal use. These vehicles are designed and used for transporting goods and passengers or providing services in exchange for compensation. The specific definition of a commercial vehicle can vary from one jurisdiction to another, and it may encompass a wide range of vehicles, depending on their size, purpose, and usage.

Structure

The Commercial Vehicles market is structured into three markets:

Light Commercial Vehicles (LCVs): This market focuses on vehicles designed for the transportation of goods or provision of services on a relatively small scale. LCVs typically include vans, mini trucks, and small cargo vehicles used by businesses and individuals for local deliveries, trade, and various commercial applications. Light commercial vehicles are defined as vehicles meant for carrying goods or passengers with a gross vehicle weight rating (GVWR) of up to 3.5 tons with some variation based on specific vehicle models, designs, and regional regulations.
Buses: Buses are motor vehicles designed for the transportation of passengers, varying in size and capacity and ranging from small minibuses to large coaches. This market considers medium and heavy buses and coaches (MHBCs). The gross vehicle weight rating (GVWR) of MHBCs typically exceeds 3.5 tons.
Trucks: The Trucks market is dedicated to heavy-duty vehicles used for the transportation of goods over long distances. Trucks are motor vehicles designed to transport cargo, ranging from small delivery trucks to heavy-duty freight carriers. Only heavy commercial vehicles (HCVs) are considered in this market. HCVs are typically defined as vehicles with a GVWR of 16 tons or more.

Additional Information

The market includes the production and sales of commercial vehicles within a specific region, regardless of the brand or model. Private vehicles, recreational vehicles, construction, and agricultural vehicles, as well as specialty vehicles such as ambulances and fire engines, are not included in the Commercial Vehicles market.

Notable key players in the Commercial Vehicles market include industry giants such as Daimler AG, Volvo Group, and PACCAR Inc., as well as various regional manufacturers and specialized vehicle manufacturers. These companies play a pivotal role in shaping the market landscape and driving innovation within the industry.

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Analyst Opinion

The Commercial Vehicles market in France has been experiencing steady growth in recent years, driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Commercial Vehicles market in France have been shifting towards more environmentally friendly and fuel-efficient vehicles.

This is in line with the global trend towards sustainability and the increasing awareness of the impact of transportation on the environment. Customers are also looking for vehicles that offer advanced safety features, improved comfort, and better connectivity options. These preferences are driving manufacturers to develop and introduce new models that meet these requirements.

In terms of trends in the market, there has been a growing demand for electric and hybrid commercial vehicles in France. This can be attributed to the government's initiatives to promote the use of clean energy and reduce carbon emissions. The increasing availability of charging infrastructure and the development of more efficient battery technologies have also contributed to the growth of electric and hybrid commercial vehicles in the market.

Additionally, there is a trend towards the use of connected technologies in commercial vehicles, which enable fleet operators to optimize their operations and improve efficiency. Local special circumstances in France, such as the country's strong manufacturing base and its strategic location in Europe, have also played a role in the development of the Commercial Vehicles market. France has a long history of automotive manufacturing, with several major manufacturers having production facilities in the country.

This has created a favorable environment for the growth of the Commercial Vehicles market, as it provides easy access to manufacturing capabilities and expertise. Furthermore, France's central location in Europe makes it an attractive market for logistics and transportation companies, driving the demand for commercial vehicles. Underlying macroeconomic factors, such as economic growth and government policies, have also influenced the development of the Commercial Vehicles market in France.

The country has experienced stable economic growth in recent years, which has increased consumer confidence and purchasing power. This has translated into higher demand for commercial vehicles, as businesses expand their operations and invest in new vehicles to meet growing transportation needs. Additionally, the French government has implemented policies and incentives to support the growth of the electric and hybrid vehicle market, further driving the demand for these vehicles in the Commercial Vehicles market.

In conclusion, the Commercial Vehicles market in France is developing in response to customer preferences for more sustainable and technologically advanced vehicles. The market is experiencing a shift towards electric and hybrid vehicles, as well as the adoption of connected technologies. Local special circumstances, such as France's strong manufacturing base and strategic location, have also contributed to the growth of the market.

Furthermore, underlying macroeconomic factors, including economic growth and government policies, have supported the development of the Commercial Vehicles market in France.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on unit sales and production of commercial vehicles.

Modeling approach:

Market sizes are determined through a combined Top-Down and bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as consumer spending per capita on transportation and consumer price index for purchase of vehicles. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, linear regression, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.