Press Release

Commercial Vehicle Market in Australia to Surpass $21 Billion Sales by 2022

Increasing infrastructure developments and growing logistics and construction sectors to aid Australia commercial vehicle market through 2022

According to TechSci Research report, Australia Commercial Vehicle Market Forecast & Opportunities, 2022, the market for commercial vehicles in Australia is projected to cross $ 21 billion by 2021. Sectors such as transportation, logistics, construction and mining are some of the major demand generators of commercial vehicles in the country. Moreover, expanding product portfolio of leading companies coupled with growing popularity of pickups are anticipated to aid the country’s commercial vehicle market over the next five years.

Browse 12 Tables and 43 Figures spread through 120 Pages and an in-depth TOC on "Australia Commercial Vehicle Market"

Australia commercial vehicle market has been broadly segmented into three segments, namely, Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV) and Heavy Commercial Vehicle (HCV). Among these categories, LCV segment dominated the country’s commercial vehicle market in 2016, and the same trend is expected to continue over the next five years as well. Continuing growth in logistics industry along with increase in number of Small and Medium Enterprises (SMEs) in Australia are expected to generate huge demand for light commercial vehicles in the country during the forecast period.

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“The Government of Australia is constantly taking measures to boost the country’s economic growth. Australian government launched the Australian Logistics Council (ALC) 2016-2018 Strategic Plan with an aim to improve the logistics supply chain efficiency. ALC is focussed on ensuring safe, secure, reliable and competitive supply chain network in various industries such as retail, manufacturing, mining, construction, energy and construction. All these developments in the country are expected to aid Australia commercial vehicles market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Australia Commercial Vehicle Market Forecast & Opportunities, 2022” has analyzed the potential of Australia commercial vehicle market, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.

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