2014-03-31 12:25:01 - Commercial Vehicles: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
Global market for Commercial Vehicles is projected to reach 25.9 million units by 2018, driven by improving commercial and industrial activity and resulting increase in demand for logistics and distribution services.
The commercial vehicles (CVs) industry is influenced by a medley of factors including capital investments in the manufacturing industry, technology, price, competition and regulations. Several factors, both general and market-specific, tend to influence the industry performance. Economic factors include changes in government policies, fluctuation in exchange rates, varying inflation levels and automobile infrastructure, among others. Additionally, the demand for commercial vehicles is also affected by fluctuations in international oil prices. Fuel price hikes have strongly impacted demand for medium-and high-load trucks in the US and Europe.
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