World Commercial Vehicle Sales to Exceed 23.2 Million Units by 2010, According to a New Report by Global Industry Analysts, Inc.

What drives the global automobile industry? Is it economic growth in the region, technology, prices, competition or the regulations? The answer would be an amalgamation of all these factors and much more! Several factors, both general and market-specific, are known to affect the industry performance. Automobile industry, being capital-intensive, reflects the macro and micro economic trends in the regional markets. World commercial vehicle sales are expected to exceed 23.2 million units by 2010.

San Jose, CA (PRWEB) March 19, 2008 -- World commercial vehicle sales are projected to grow at a compounded annual rate of CAGR of 2.3%. Commercial vehicle production is expected to be around 21.7 million units 2010. The US, with a share of 41.5% in terms of sales estimated for 2007, represents the largest market for commercial vehicles. In terms of production, too, the region dominates with an estimated share of 33.8%. Fastest growth, in terms of both sales and production, however, is expected to emanate from the developing economies of Asia-Pacific and Latin America.

Economic factors are mainly characterized by changes in government policies, fluctuation in exchange rates, varying inflation levels and automobile infrastructure in place, amongst other variables. Other microeconomic factors such as an open trade environment, the country's tax policies towards automobile sector and availability of consumer finance also affect the industry's growth prospects. The sheer dependence of global CV market on the Western economies underlines the fact that an economic slowdown in the US and West European markets spells a decline in auto exports for the rest of the world. As such, major regional automobile majors such as Japan, South Korea, Canada and Germany will be among the first to experience a drastic fall in export volumes and consequently, an inventory pile up. Commercial vehicle makers worldwide are realizing that it pays to cut costs, not necessarily from a competitive angle, but for the very survival in a profit-shrinkage environment.

Commercial Vehicles: A Global Strategic Business Report

Major companies covered include AB Volvo Group, Daimler, Chrysler, Fiat S.p.A., Ford Motor Company, General Motors Corp., Hino Motors, Ltd., Honda Motor Co., Ltd., Hyundai Motor Company, Isuzu Motors Ltd., Iveco, MAN Nutzfahrzeuge Group, Mitsubishi Motors Corp., Navistar International (International Truck and Engine Corp.), Nissan Diesel Motor Co. Ltd., Nissan Motor Co., Ltd., PACCAR Inc., Scania AB, Tata Motors Ltd., Toyota Motor Corp. and Volkswagen AG

The report titled "Commercial Vehicles: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates recent launches, developments, mergers, acquisitions and other strategic industry activities. Analytics are provided for the period 2001 through 2015 for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Spain, Russia, Australia, China, India, Argentina, Brazil, and other key countries of the world.

For more details about this research report, please visit
http://www.strategyr.com/Commercial_Vehicles_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com

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