• Commercial vehicle production worldwide

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Roughly 24.6 million heavy buses, light commercial vehicles, and trucks were produced worldwide in 2019. That year, light commercial vehicles accounted for more than 80 percent of worldwide production.

Commercial vehicle production decline

Global commercial vehicle production contracted by just under two percent between 2018 and 2019. There was hope that an uptick in order intake in the fourth quarter of 2019 would translate into market growth. However, the impact of the coronavirus pandemic on the transportation and logistics industry is predicted to cause global commercial vehicle production to decline by more than 20 percent in 2020.

Recovering demand

Worldwide commercial vehicle sales came to almost 27 million units in 2019, an all-time high. Then the pandemic hit. And yet, demand will likely come back over the course of the next two years, 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 2019 (in million units)

	Production volume in million units
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Source

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Source

Release date

2020

More information

Region

Worldwide

Survey time period

2016 to 2019

Supplementary notes

The figures prior to 2018 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.