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  • Which Disruptive Innovations are Powering the Growth of Light, Medium, and Heavy Commercial Vehicles?
    Plummeting demand in China will contribute to a contraction in medium- and heavy-duty truck sales

    Research Overview

    All regions except for China (which contributes annual sales volumes averaging about 40%) witnessed growth in commercial vehicle sales in 2021, indicating a return to normalcy after a dismal 2020. Despite COVID-19 virus surges in some places, the overall sentiment for the year remained positive. Frost & Sullivan expects the global market to grow even further in 2022.

    As economies continue to reopen, a resumption of infrastructure build-out and other construction activity will increase the demand for heavy-duty trucks, with double-digit growth anticipated in India, Latin America, and Association of Southeast Asian Nations countries.

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