GCC’s commercial vehicles market to see continued growth up to 2028

Oct. 7, 2024 - me.com

Light commercial vehicles (LCV) dominate the market, accounting for 55.5% of total sales in 2023.

Around 180,000 medium commercial vehicles (MCV) and heavy commercial vehicle (HCV) were sold last year. The commercial vehicles sector in the GCC also faces its challenges like:The GCC’s unique climate and terrain require specialized commercial vehicles with features like high ground clearance, all-wheel drive, and heavy-duty suspension.

Major trend: Technology in commercial vehiclesTechnological innovations in the automotive industry, along with the launch of sophisticated features in high-performance trucks, have significantly enhanced the commercial vehicles market GCC. Light and medium electric commercial vehicles are already available, with European and Japanese brands leading the market.

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