The global commercial vehicle market is expected to continue to expand in the medium to long term, although it will decline in 2022, but the business environment for commercial vehicle companies and the competitive relationship between manufacturers has changed significantly since the mid-2010s. Emerging country manufacturers are growing on the back of their huge home markets, while Chinese manufacturers, for example, who are leading the way with BEV products, are also entering developed country markets. In order to maintain their presence in the global market, commercial vehicle manufacturers, especially those in developed countries, must ensure that they are able to meet customer needs and deliver results in the face of major changes in business models due to electrification and digitalisation, while maintaining an appropriate scale that meets their objectives, such as securing profits and increasing corporate value. The company must also be able to meet the needs of its customers and deliver results. We must also systematically work towards carbon neutrality in order to realise a decarbonised society, which is becoming a global social issue.

Focusing on the latest industry trends such as MaaS for light commercial vehicles, electrification of medium and heavy commercial vehicles and carbon neutral strategies, this report covers the market outlook for medium and heavy commercial vehicles, the current status and challenges of electrification, trends in the global plug-in commercial vehicle market, the carbon neutral strategy of each company, electrification and automated driving initiatives, and comparison of alliance strategies. Special features include a report on the global product, production, sales and after-sales service strategies of the world’s major commercial vehicle manufacturers, including electric vehicle ventures.