Product ID: UCMIG20V2021
Report ID:
UCMIG20V2021 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market size for parcel delivery vehicles surpassed a value of USD 100 billion in 2022 and is anticipated to sustain a growth rate of 7% annually from 2023 to 2032. The surge in digitization, globalization, and factory automation is set to drive the evolution of Industry 4.0, thereby supporting the market's expansion. The quest for swifter and more efficient delivery solutions has prompted advancements in technology and the integration of automation within delivery trucks. Contemporary consumers increasingly prioritize rapid and reliable delivery, placing significant pressure on delivery services to innovate their procedures and reduce expenses. The escalating demand for expedited deliveries within one or two days will be a key driver for the market's expansion.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Trucking by segment aggregation, the contribution of the Trucking in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG20V2021