Alternatively Powered Commercial Vehicles: Global Markets
The global market for alternative powered commercial vehicles totaled $8.1 billion in 2014 and $5.7 billion in 2015. The market should total $13.2 billion by 2020, in the base case of $80-per-barrel oil, demonstrating a compound annual growth rate (CAGR) of 18.4% from 2015 to 2020.
The global market for medium- and heavy-duty alternatively fueled commercial vehicles totaled $5.3 billion in 2014. The market should total $12.4 billion by 2020 at a CAGR of 18.3% from 2015 to 2020, in the base case of $80-per-barrel oil.
Global incremental up-fit revenue for light-duty vehicles of alternatively fueled commercial vehicles totaled $374.0 million in 2014, and should total $891.0 million by 2020 at a CAGR of 19.0% from 2015 to 2020, considering the base case of $80-per-barrel oil.
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