Roughly 23.24 million heavy buses, light commercial vehicles, and trucks were produced worldwide in 2021. That year, light commercial vehicles accounted for around 80 percent of the worldwide commercial vehicle production.
Commercial vehicle production decline
Global commercial vehicle production contracted by just under thirteen percent between 2019 and 2020, before recovering in 2021. The impact of the coronavirus pandemic on the transportation and logistics industry put manufacturing plants at a standstill during national lockdowns through 2020. While demand and output picked up in 2021, the global chip shortage slowed down the sector's recovery, as manufacturing plants had to slow down production again.
Recovering demand
Worldwide commercial vehicle sales came to over 26 million units in 2021, a year-on-year rise of close to five percent. Vehicle demand had slumped down during the first quarter of 2020 due to the pandemic, which an increase in the fourth quarter did not offset. Despite the pandemic, demand came back over the course of 2021, as the market has the potential to thrive amid increased demand in the e-commerce and logistics sectors.
Commercial vehicle production volume worldwide from 2016 to 2021
(in million units)
The figures prior to 2019 were taken from a previous publication of the report. The figures have been rounded. Individual values by vehicle type have been added up. Commercial vehicles include motor vehicles with at least four wheels that are used to transport goods or passengers and weigh more than 3.5 metric tons. The source does not specify the date of publication.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
OICA. (May 18, 2022). Commercial vehicle production volume worldwide from 2016 to 2021 (in million units) [Graph]. In Statista. Retrieved May 22, 2022, from https://www.statista.com/statistics/1095333/commercial-vehicle-production-worldwide/
OICA. "Commercial vehicle production volume worldwide from 2016 to 2021 (in million units)." Chart. May 18, 2022. Statista. Accessed May 22, 2022. https://www.statista.com/statistics/1095333/commercial-vehicle-production-worldwide/
OICA. (2022). Commercial vehicle production volume worldwide from 2016 to 2021 (in million units). Statista. Statista Inc.. Accessed: May 22, 2022. https://www.statista.com/statistics/1095333/commercial-vehicle-production-worldwide/
OICA. "Commercial Vehicle Production Volume Worldwide from 2016 to 2021 (in Million Units)." Statista, Statista Inc., 18 May 2022, https://www.statista.com/statistics/1095333/commercial-vehicle-production-worldwide/
OICA, Commercial vehicle production volume worldwide from 2016 to 2021 (in million units) Statista, https://www.statista.com/statistics/1095333/commercial-vehicle-production-worldwide/ (last visited May 22, 2022)