“Commercial Van is the most attractive sub-segment in terms of revenue growth over the forecast period” says new Visiongain report

26 February 2020
Automotive

Visiongain has launched a new automotive report Van Market Outlook Report 2020-2030: Forecasts & Analysis ($b Value & ‘000 units Volume), by End-User (Commercial Van, Personal Van, Emergency Van, Other Van) and by Region Plus Profiles of Leading Automotive OEMs, Companies & Manufacturers.

Technically, vans can be defined as both passenger vans which includes shuttles or taxis, or cargo vans, with two seats in the front and cargo space in the back. In addition, the commercial vans can be segmented as standard roof vans or high roof vans. High roof vans allow for people to stand up in the back of the cargo area. There has been increasing popularity of this segment of commercial vans over recent years. High-roof van sales have more than doubled between 2015 and 2019. As per the definition, the van market has been segmented based on its usage which includes vans used for commercial purpose, personal, emergency and other.

This report evaluates the global van market and forecasts its development between 2020 and 2030. Visiongain believes that the van market will grow slowly but steadily over the forecast period as the demand for van increases especially that of the commercial type. Commercial van demand in the year 2020 is anticipated to be particularly strong in North America, Brazil, Russia and India. However, with the exception of China, Japan and Korea, commercial van demand in the other regions is anticipated to be trending higher in the forecast period. In addition, this report observes 16 national markets for the van market and examines the potential drivers and restraints within these markets between 2020 and 2030. Finally, the report, gives a detailed account of key technological advancements and developments both current and future.

The changing economic outlook and technological developments are factors which will affect this market. Visiongain understands that the van market will register consistent growth, growing from $40.0bin 2019 to $91.9b in 2030. As a whole, the van market will grow at a CAGR of 7.6% between 2020 and 2030. Rising demand for mobility shared services is one of the major driving the demand for vans. The vans are used for various mobility sharing services including sharing and renting services. Various automobile companies are venturing into the market to leverage the growth mobility service market and are coming up with new business plans to the adoption of vans for mobility sharing. Further, companies are making significant improvements at the comfort and manoeuvrability of vans.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Biometric Vehicle Access Technologies Market Report 2021-2031

Rising vehicle demand especially in developing economies such as China and India; rising adoption of autonomous vehicles, growing IoT; and other economic factors; are estimated to increase the adoption of biometric vehicle access technologies in passenger vehicles segment

24 May 2021

Read

Visiongain Publishes Auto Catalyst Market Report to 2031

Factors such as increasing public support for the protection of the environment, increased need to reduce air pollution & safeguard public health, and surge in automobile production are some of the major factors driving the market growth.

06 May 2021

Read

Visiongain Publishes Asia-Pacific Automotive Telematics Market Report to 2031

Continuous growth in demand towards connectivity solutions for vehicles and increased government initiatives & support for the development of automotive telematics solutions are some of the major factors driving the market growth.

06 May 2021

Read

Visiongain Publishes Semi-autonomous & Autonomous Trucks Market Report to 2031

Factors such as government regulations regarding safety features, Companies focusing on reducing delivery and vehicle maintenance cost, shortage of drivers, rise in road accidents and efficient yet feature rich modern trucks drives the semi-autonomous and autonomous truck market.

22 March 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever