Commercial Vehicles: Market Research Report

January 2015 | 539 pages | ID: C38BBDB3810EN
Global Industry Analysts, Inc

Abstracts

This report analyzes the worldwide markets for Commercial Vehicles in Thousand Units. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 113 companies including many key and niche players such as -

• AB Volvo Group
• BAIC Group
• Chrysler Group LLC
• China National Heavy Duty Truck Group
• Daimler AG

Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations
Disclaimers
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW

A Prelude
Summary of Key Factors Influencing Demand for Commercial Vehicles
Economic Activity
Freight Rates
Government Policy and Infrastructure Development
A Peek Into the Correlation Between the CV Market & the Transportation Industry
Impact of the 2007-2009 Recession in Retrospect on Automotive Industry
Factors Responsible for Decline in New Commercial Vehicle Sales
Overcapacity Reaches Peak in the 2007–2009 Economic Recession
Market Recovers in 2010
Growth in the Market Once Again Tested Between 2011-2014
‘Eurozone’ Debt Crisis Tempers Economic Activity in the Region in 2012 & 2013
Debt Crisis Drags European Commercial Vehicles Market into Red in 2012 & 2013

Table 1. Breakdown of Gross Government Debt as Percentage of GDP for the Year 2012 by Country (includes corresponding Graph/Chart)

Table 2. European Automobile Market: Estimated Plant Capacity Utilization for the Years 2007, 2010, 2011 & 2012 (includes corresponding Graph/Chart)

America’s Brush with the Fiscal Cliff Crisis (2011 through 2014) & its Impact on the Auto Industry
Weakness in Business Spending Despite Economic Growth Tempers Commercial Vehicles Market in 2012
After a Temporary Recovery in 2013, US Commercial Vehicles Market Slows Down Once Again in 2014
Volatile Demand Patterns in Emerging Markets Hurts Global Commercial Vehicles Market During 2011-2014
Impact of China’s Slowdown On Global Market During 2011-2014 – A Review
Market Growth Remains Strained in 2014, But Optimistic Global Economic Outlook for 2015 & Beyond Augurs Well for Market Prospects

Table 3. World GDP (2012-2015): Breakdown of Percentage GDP Growth by Select Country (includes corresponding Graph/Chart)

US Market in 2015 & Beyond: Mostly Positive Outlook Sprinkled With Yet Lingering Fears
European Market Outlook: Hopes for a Recovery Despite Volatility & Risks of a Relapse

Table 4. EU Real GDP Growth Rates in % (2014 & 2015): Breakdown by Country (includes corresponding Graph/Chart)

Table 5. Purchasing Managers Index (PMI) in the Euro Area: Breakdown of Quarterly PMI Data for Select Countries for the Year 2014 (includes corresponding Graph/Chart)

Table 6. Key Business Indicators in the Euro Area for the First 3 Quarters of the Year 2014 (includes corresponding Graph/Chart)

Cyclical Upturn in Year 2015 & Beyond Encourages Positive Market Outlook for Asia-Pacific Commercial Vehicles Market
Market Outlook

2. NOTEWORTHY TRENDS, GROWTH DRIVERS & ISSUES

Developing Markets to Lend Traction to Market
Asia-Pacific Also Set to Become Fastest Growing Production Center for Commercial Vehicles

Table 7. Emerging Dominance of OEMs From Developing Countries in the Global Automotive Manufacturing Market (2012 & 2025P): Percentage Share Breakdown of Number of OEMs by Origin - OEMs from Developed Automotive Markets & OEMs from Emerging Automotive Markets (includes corresponding Graph/Chart)

Nearshoring Trend Positions Brazil & Mexico as a Strong Production Centers for CVs
Foreign OEMs Implement Locally-Adjusted Approach in Developing Markets
Rising Average Vehicle Life Provides a Fertile Environment for New CV Purchases
Light Commercial Vehicles Segment – The Volume Contributor
Trucks – Lifeline for Commercial Distribution Activity

Table 8. World Trucks Market (2013 & 2018): Percentage Breakdown of Value Sales by Region - North America, Europe, Asia-Pacific, Latin America, and Rest of World (includes corresponding Graph/Chart)

Diesel Vehicles Continue Dominance in the Global Truck Market
Global Industrial Truck Market – An Overview

Table 9. World Industrial Trucks Market (2014): Percentage Breakdown of Value & Volume Sales by Region - North America, Europe, Asia-Pacific, and Rest of World (includes corresponding Graph/Chart)

Growing Demand for Food Trucks Drives CV Market
Rising Demand for Refrigerated Vehicles Augurs Well for CV Market
Vehicle Financing – Critical to New Commercial Vehicle Sales
OEMs Too Turn Vehicle Financiers
Product Developments to Boost Commercial Vehicles Market
Focus on Global Vehicle Standards
The Future is All About Being Green…
Trend Towards Low-Emission and Fuel Efficient Vehicles Drives Success of Green Technologies
Exhaust Gas Recirculation & Selective Catalytic Reduction Technologies Grow in Prominence
Aluminum – Turning into a Key Manufacturing Component for Automobiles
Natural Gas Commercial Vehicles to Gain Industry Attention
High Demand for Natural Gas Commercial Vehicle Drives Compression Ignition Technology
Hybrid Commercial Vehicles – The CV of the Future
Emission Norms and Need to Reduce Fuel Consumption Drives Innovation in LCV Powertrains
Commercial Vehicle Manufacturers Increase Safety Features
Incorporation of Telematics & Communication Capabilities in New CVs
Growing Focus On Telematics as a Key Value Addition in Trucking Industry – A Key Opportunity Indicator for OEM Telematics Solutions
Commercial Telematics to Transform into a Constant Source of Revenue
Going Beyond Telematics - Integration of Communication Technology in Trucks to Drive Future Growth
On-Demand Mobility Service Providers – A Boon or a Bane?
Auto-IT Nexus – Big Money Online
E-Commerce – A Burgeoning Industry
Virtual Sales are for Real
E-Tailers: Eating into Retailer Profit Margins
E-Models – Redefining Retail and Distribution Landscape
I. Manufacturers
Cost Benefits
A Shift in Trade-Off Curve
Miscellaneous Benefits
II. Consumers
Enhanced Financial Control
Value-Added-Services
III. Suppliers
Control Over Scheduling
IV. Dealers
Unlimited Options
Competition: Noteworthy Trends
Full-Line Multi-Brand Manufacturing – The Key Strategy for Manufacturers
Standardization and Modularization Potentially Saves Production and Development Costs
Focus on Supplier-End User Relationship
Automakers Focus on Customer Satisfaction to Fuel Future Growth
Consolidation - Growth Through Shrinkage
Consolidation – A Panacea for all Frills?
Key Market Share Statistics

Table 10. World Industrial Trucks Market (2014): Percentage Breakdown of Volume Sales by Leading Players - Jungheinrich, Kion, Toyota and Others (includes corresponding Graph/Chart)

Table 11. World Truck Market (>16 T ) (2013): Percentage Breakdown of Sales by Leading Players - Ashok Leyland, Daimler, Iveco, Navistar, Paccar, Tata Motors, Volkswagen, Volvo and Others (includes corresponding Graph/Chart)

Table 12. Global Light Commercial Vehicles Market (2013): Percentage Share Breakdown of Production by Leading Players (includes corresponding Graph/Chart)

Table 13. Global Heavy Commercial Vehicles Market (2013): Percentage Share Breakdown of Production by Leading Players (includes corresponding Graph/Chart)

Table 14. Global Heavy Buses Market (2013): Percentage Share Breakdown of Production by Leading Players (includes corresponding Graph/Chart)

Regulations – An Overview
New Automotive Block Exemption Comes Back Into Force
Primary Market

3. AUTOMOTIVE INDUSTRY ANALYSIS

The Changing Face of the Automotive Industry: A Prelude

Table 15. Middle-Class Consumer Spending Across Developed and Developing Regions (2013E & 2030F): Percentage Breakdown by Region (includes corresponding Graph/Chart)

Table 16. Emerging Dominance of OEMs From Developing Countries in the Global Automotive Manufacturing Market (2012 & 2025P): Percentage Share Breakdown of Number of OEMs by Origin - OEMs from Developed Automotive Markets & OEMs from Emerging Automotive Markets (includes corresponding Graph/Chart)

Table 17. Emerging Dominance of OEMs From Developing Countries in the Global Passenger Car Market (2012 & 2025P): Percentage Share Breakdown of Regional & Foreign OEMs by Region/Country (includes corresponding Graph/Chart)

Table 18. World Passenger Cars Market (2013): Percentage Market Share Breakdown of Unit Sales by Company (includes corresponding Graph/Chart)

Factors Driving New Vehicle Demand
Macro-Economic Factors
Size of the Economy
National Economic/Regulatory Policies
Fluctuating Exchange Rates
Automobile Infrastructure
Environmental Concerns
Micro-Economic Factors
Open Trade
Regional Integration
Consumer/Investment Financing
Taxes
Price
Other Miscellaneous Factors
Automobile Emissions – A Major Concern
Methods to Cut Down Auto Emissions
Use of Catalytic Converters and Oxidation Catalysts
Hiking the Air to Fuel Ratio
Direct Injection Technology
Petrol Vs. Diesel – Choosing Between the Lesser of Two Evils
Alternative Fuels – A Healthy Alternative Towards Reducing Auto Emissions
Biodiesel
Electric Fuel
Ethanol
Hydrogen
Methanol
Natural Gas
Propane
P-Series
Solar Fuel
Automotive Electronics – An Emerging Phenomenon
The Future “Auto” Mobile
A Quick Glance at the Latest Innovations in Automobile Electronics
Night Vision
Electronic Power Steering System
OnStar Mobile Concierge Service
Intelligent Cruise Control
Collision-Warning Systems
Smart Airbags
Antilock Braking Systems (ABS)
Drive-by-Wire Systems
Smart Sensors
Telematics
In the World of Automotive Electronics
It Pays to Integrate Systems
Shift in Responsibility
Hi-tech Systems Form a Competitive Platform
The Other Side of the Coin

4. PRODUCT OVERVIEW

Commercial Vehicles – A Classification

Table 19. Categorization of Trucks based on GVW

Categorization of Trucks based on Class and End-Use
Commercial Vehicle Classification – By Region/Country
United States & Canada
Japan
Europe
Germany
Italy
The United Kingdom
Asia-Pacific
Australia

Table 20. Australian Light Commercial Vehicle Segmentation

Table 21. Australian Heavy Commercial Vehicle Segmentation

China
India
Indonesia

Table 22. Indonesian Commercial Vehicle Classification

South Korea
Thailand
Latin America
Argentina
Brazil
Mexico

5. PRODUCT INTRODUCTIONS/INNOVATIONS

FUSO Releases New Medium Duty Truck
Nissan Launches Nissan NP300 Navara
Tata Motors Introduces New ILCV Range of Trucks
Volvo Announces Plans to Introduce New UD Bus Range
Tata Motors Bags New Orders
Tata Motors Introduces ULTRA Range
Tata Motors Rolls Out Tata PRIMA heavy Trucks
Tata Motors Rolls Out 10 new Prima LX Trucks
UD Trucks Rolls Out the New Quon
Eicher Unveils New Range of Buses and Trucks
EEPL to Introduce New Range of Personal Vehicles
Volvo Launches FH Series
Volvo Rolls Out New Truck Series with Euro 6 Engines
Volvo Buses to Launch Volvo 7900 Articulated Hybrid Bus
GMC to Launch 2014 Sierra 1500 Denali Full-Size Pickup
Peterbilt Motors Launches Peterbilt Model 389 Truck
Volvo Trucks Launches Volvo VNX Heavy-Haul Tractor
VECV Launches Pro Series
DONGVO Launches UD Trucks’ KuTeng
Volvo Group Optimizes European Truck Manufacturing
Volvo Trucks Reveals Fourth-Generation VM Model
FAW-GM Launches Light-Duty Truck F3
MAN Introduces Euro-6 Fire Trucks
MFTBC Rolls Out FUSO in Zambia
Daimler Rolls Out 5, 000th Truck from Oragadam Plant
DAF Unveils New LF and CF Euro 6 Vehicles
Kenworth Rolls Out New T880 Vocational Truck
Volvo Trucks Launches Volvo FM Truck
Mahindra Introduces Bolero Maxi Truck Plus in Ahmedabad
Hyundai Motor Introduces New Heavy Commercial Vehicle Xcient
Volvo to Introduce New Economy Bus Brand in India
UQM Technologies Launches New UQM PowerPhase HD 950 System
Kewalram Nigeria Introduces FotonDaimler Buses and Heavy Trucks in Nigeria
BelAZ Introduces Largest Dump Truck 75710
Ashok Leyland Rolls Out its Dost LCV in North India and Opens Dealership Outlets
Ashok Leyland Nissan JV Launches Ashok Leyland Stile MPV
Mahindra & Mahindra Introduces New Bolero Pick-Up Flat Bed
Proton Motor Fuel Cell Launches Electric Commercial Vehicle
General Motors Launches 2015 GMC Sierra HD and 2015 Chevrolet Silverado HD
Ashok Leyland Rolls Out Boss Commercial Vehicle
Navistar International Introduces International ProStar Truck in Russia
Daimler Introduces Fuso Trucks Range in Kenya
DAF Introduces New Euro 6 CF and LF Construction Models
UD Trucks Introduces Quester Heavy-Duty Truck Line
Ashok Leyland Introduces 3120 MAV Truck
Mahindra & Mahindra Rolls Out Xylo D2 MAXX
Nissan Motor Unveils NT 500 Trucks in Europe

6. RECENT INDUSTRY ACTIVITY

FAW Completes Construction of Truck Plant
Hino Motors Commences Production
MAN Obtains Two Major Tenders
Mitsubishi Fuso Begins Delivery of Light-Duty Trucks
Navistar Continues Commitment To Vocational Segments With New Product Offerings
Tata Motors Joins Hands with TML TRUCK RUS
Fiat Announces Merger of Fiat S. p. A
Volvo Buses Obtains Contract for Intercity Buses from Faure
AeroGround Flughafen Munchen Selects MAN Lion?s City Buses of MAN Truck & Bus
Columbus City Schools Selects IC Bus
Volvo Buses Secures Coach Chassis Order from JCA Group
Lothian Buses Selects Volvo 7900 Hybrid Bus of Volvo Bus
Dillon Transport to Augment Fleet with Kenworth T800 Trucks with Cummins Westport ISX12 G Engine
Zimmerman Truck Lines Selects Kenworth T680 Truck with PACCAR MX-13 Engine
Arriva North West Selects Volvo B5LH Double Decker Bus of Volvo Bus
Hino Motors and Toyota Tsusho Enter into Partnership
Isuzu Motors to Acquire ITUK
Tata Motors Joins Hands with DRB-HICOM
IIAA Commences Truck Manufacturing in Brazil
Nova Bus Secures Order from ATUQ
Hyundai Forms Joint Venture with Sichuan Nanjun Automobile
Volvo Inks Agreement to Acquire Stake in Dongfeng Commercial Vehicles
Ford Enlarges CNG and LPG Ready Vehicle Product Portfolio
Penske Automotive Snaps Up Western Star Trucks Australia from Transpacific Industries
New Flyer Industries Takes Over North American Bus Industries
Iveco and Larimar Group Forms Iveco South Africa Works JV for Buses and Trucks
Nissan to Assemble Pickup Trucks in Nigeria through Stallion Group
MFTBC Wins Orders from SAB Miller
Moorgate Forklifts and Nexen Lift Truck Enter into Partnership
Tata Motors and DRB-HICOM Partner for Tata Commercial Vehicles in Malaysia
Mahindra and Mahindra to Merge its Bus and Truck Divisions
Tata Motors Partners Fusion Automotive to Introduce Xenon Ute LCVs in Australia
Robert Bosch, ZF Friedrichshafen and Knorr-Bremse Establishes Alltrucks Joint Venture
Nissan Motor and Suzuki Motor Enter into Agreement
Foton-Daimler Joint Venture Selects Silver Star Auto to Distribute Heavy Duty Trucks
Tata Motors Inks Marketing and Distribution Agreement with Fusion Automotive

7. FOCUS ON SELECT PLAYERS

AB Volvo Group (Sweden)
UD Trucks Corporation (Japan)
BAIC Group (China)
Chrysler Group LLC (US)
China National Heavy Duty Truck Group (China)
Daimler AG (Germany)
Dongfeng Motor Corporation (China)
FAW Group Corporation (China)
Fiat Chrysler Automobiles N. V. (Italy)
Iveco S. p. A (Italy)
Ford Motor Company (US)
General Motors Corp. (US)
Hyundai Motor Company (South Korea)
Isuzu Motors Ltd. (Japan)
MAN Truck & Bus AG (Germany)
Mitsubishi Fuso Truck and Bus Corporation (Japan)
Navistar International Corporation (USA)
Nissan Motor Co. , Ltd. (Japan)
PACCAR Inc. (USA)
Scania AB (Sweden)
Tata Motors Ltd. (India)
Toyota Motor Corp. (Japan)
Hino Motors, Ltd. (Japan)
Volkswagen AG (Germany)

8. GLOBAL MARKET PERSPECTIVE

Sales Analytics

Table 23. World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 24. World Historic Review for Commercial Vehicles by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 25. World 14-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Production Analytics

Table 26. World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 27. World Historic Review for Commercial Vehicles by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 28. World 14-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Unit Production for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

III. MARKET

1. THE UNITED STATES

A. Market Analysis
Current & Future Analysis
Industry Overview
Noteworthy Trends & Growth Drivers
Growing Industrial Activity to Drive Heavy Duty Commercial Vehicles

Table 29. US Heavy Duty Transit Bus Market (2013): Percentage Breakdown of Sales by Leading Players (includes corresponding Graph/Chart)

Strong Demand for Food Trucks Drives Growth in the US CV Market
Pickup Trucks Find Increasing Demand

Table 30. US Pickup Trucks Market (2014E): Percentage Breakdown of Sales by Leading Players (includes corresponding Graph/Chart)

Privatization of School Bus Services Fuels Industry Growth in US

Table 31. US School Bus Market (2013): Percentage Breakdown by Leading Players (includes corresponding Graph/Chart)

Vehicle Financing – A Successful Sales Tool
Emergence of National Automobile Chains
The Green Movement
Impact of CAFE Regulations on the US Light Truck Market
Consumers Continue to Remain in a Conservative Mood – A Major Issue
Canada – A Major Export Market for US Manufacturers
Competition
Maturing Market Fuels Intense Competition
Overseas Brand Domination – The Threat is Real…
Brand Additions Continues to be a Priority for CV Manufacturers
It Pays to Consolidate
Manufacturers Increasingly Embracing E-Model for Strengthening Supply Chain
Market Share Findings

Table 32. US Commercial Van Market (2013): Percentage Share Breakdown of Unit Sales by Leading Brands (includes corresponding Graph/Chart)

Table 33. US Trucks Market (2013): Percentage Share Breakdown of Unit Sales by Leading Brands (includes corresponding Graph/Chart)

Table 34. US Truck (Class 8) Market (2013): Percentage Market Share Breakdown by Leading Players (includes corresponding Graph/Chart)

Table 35. US Truck (Class 7) Market (2013): Percentage Breakdown by Leading Players (includes corresponding Graph/Chart)

Product Launches
Strategic Corporate Developments
Key Players
B. Market Analytics

Table 36. US Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 37. US Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 38. US 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/ Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 39. US Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 40. US Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 41. US 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

2. CANADA

A. Market Analysis
Current & Future Analysis
Volatile Demand & Production Patterns Characterize Canadian Commercial Vehicles Industry
A Major Market to Tap for US Manufacturers
Statistical Data

Table 42. Canadian Trucks Market (2013): Percentage Share Breakdown of Unit Sales by Leading Brands (includes corresponding Graph/Chart)

Table 43. Canadian Truck (Class 8) Market (2013): Percentage Breakdown of Unit Sales by Leading Players (includes corresponding Graph/Chart)

Table 44. Canadian Commercial Van Market (2013): Percentage Share Breakdown of Unit Sales by Leading Brands (includes corresponding Graph/Chart)

CV Manufacturing Sector Overview
Resurgence in Capital Expenditure by Auto Manufacturers to Fuel Truck Manufacturing in Canada
Strategic Corporate Developments
B. Market Analytics

Table 45. Canadian Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 46. Canadian Historic Review for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 47. Canadian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 48. Canadian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 49. Canadian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

3. JAPAN

A. Market Analysis
Current & Future Analysis
Review of Overseas Market Opportunities for Japanese CV Manufacturers
Japanese CVs– A Major Draw in US Market
Japanese Manufacturers Foray into Indian LCV Market
Japanese OEMs Continue to Remain Strong in SEA Truck Market
Major Issues and Trends
Japan Gradually Losing Share in Global Production Volume
Supplier Cost-Cutting: The Latest Trend
Regulatory Restrictions Continue to Challenge Overseas Players
Key Market Share Finding

Table 50. Japanese Trucks Market (2013): Percentage Market Share Breakdown by Leading Players (includes corresponding Graph/Chart)

Product Launch
Strategic Corporate Developments
Key Players
B. Market Analytics

Table 51. Japanese Recent Past, Current & Future Analysis for Commercial Vehicles Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 52. Japanese Historic Review for Commercial Vehicles Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 53. Japanese Recent Past, Current & Future Analysis for Commercial Vehicles Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 54. Japanese Historic Review for Commercial Vehicles by Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

4. EUROPE

A. Market Analysis
Current & Future Analysis
Industry Overview
Commercial Vehicles Market Comes Under Pressure in 2012 & 2013 Amid Weak Economic Scenario
Market Returns to Positive Growth in 2014
Introduction of Euro VI Norms – A Blessing in Disguise
European CV Manufacturers Maintain Technology Leadership Amid Sales Slump
Stringent EURO Emission Norms and Need for Fuel Efficiency Drives Innovation in LCV Powertrains
Exhaust Gas Recirculation & Selective Catalytic Reduction Technologies Grow in Prominence
Electric and Hybrid Medium-Heavy Trucks and Buses to Emerge as a Competitive Market in Europe
New Automotive Block Exemption Comes Back Into Force
Players on a Cost-Cutting Spree
Market Share Findings

Table 55. European Heavy Truck Market (2014): Percentage Share Breakdown of Revenues by Leading Players - DAF, Daimler, Iveco, MAN, Scania, Volvo and Others (includes corresponding Graph/Chart)

Table 56. European Medium Truck Market (2014): Percentage Share Breakdown of Revenues by Leading Players - DAF, Daimler, Iveco, MAN, Scania, Volvo and Others (includes corresponding Graph/Chart)

Table 57. European Trucks (GVW >16 Tons) Market (2014): Percentage Breakdown of Sales by Leading Players - Daimler, Iveco, Paccar, Volkswagen, Volvo and Others (includes corresponding Graph/Chart)

Product Launches
B. Market Analytics

Table 58. European Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 59. European Historic Review for Commercial Vehicles by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 60. European 14-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Unit Sales for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 61. European Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 62. European Historic Review for Commercial Vehicles by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 63. European 14-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Unit Production for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

4A. FRANCE

A. Market Analysis
Current & Future Analysis
Strategic Corporate Development
B. Market Analytics

Table 64. French Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 65. French Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 66. French 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 67. French Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 68. French Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 69. French 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/ Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

4B. GERMANY

A. Market Analysis
Current & Future Analysis
Market Overview
Robust Bus Segment Provides Traction to the German CV Market
Other Industry Trends
Outsourcing – A Preferred Cost-cutting Tool
German Auto Business – Going the e-way
Towards a “Greener” Germany
Product Launch
Strategic Corporate Developments
Key Players
B. Market Analytics

Table 70. German Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 71. German Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 72. German 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 73. German Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 74. German Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 75. German 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

4C. ITALY

A. Market Analysis
Current & Future Analysis
Environmental Concerns – Government Gets Eco-Friendly
Strategic Corporate Development
Key Players
B. Market Analytics

Table 76. Italian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/ Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 77. Italian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 78. Italian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 79. Italian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 80. Italian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 81. Italian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

4D. THE UNITED KINGDOM

A. Market Analysis
Current & Future Analysis
Industry Overview
Bus and Coach Segment Exhibits Steady Growth - Lends Traction to CV Market
Industry/Market Trends
Premium on Quality and Technology
Commercial Vehicles Head Recovery
Britain – A Major Production Hub for Japanese Automakers
Used-Van Market Proves to be a Major Threat for New Commercial Vans Segment
Product Launches
Strategic Corporate Developments
B. Market Analytics

Table 82. UK Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 83. UK Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 84. UK 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 85. UK Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 86. UK Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 87. UK 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

4E. SPAIN

A. Market Analysis
Current & Future Analysis
B. Market Analytics

Table 88. Spanish Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 89. Spanish Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/ Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 90. Spanish 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 91. Spanish Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 92. Spanish Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 93. Spanish 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

4F. RUSSIA

A. Market Analysis
Current & Future Analysis
Tough Times Projected for Russian Commercial Vehicles Market in Short to Medium Term Period
Market Share Finding

Table 94. Russian Heavy Truck Market (2013): Percentage Breakdown of Unit Sales by Leading Players (includes corresponding Graph/Chart)

Product Launch
Strategic Corporate Development
B. Market Analytics

Table 95. Russian Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 96. Russian Historic Review Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 97. Russian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 98. Russian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/ Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 99. Russian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

4G. REST OF EUROPE

A. Market Analysis
Current & Future Analysis
Turkey

Table 100. Turkish LCV Market (2013): Percentage Breakdown of Sales by Leading Players (includes corresponding Graph/Chart)

Product Launches
Key Players
B. Market Analytics

Table 101. Rest of Europe Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 102. Rest of Europe Historic Review for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 103. Rest of Europe Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 104. Rest of Europe Historic Review for Commercial Vehicles with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

5. ASIA-PACIFIC

A. Market Analysis
Current & Future Analysis
Market Overview
Asia-Pacific Increases its Stake in CV Production
Asian Truck Market – An Insight
Key International & Domestic Truck Makers in Asia
Key International Truck Makers in India
Key International Truck Makers in China
Major Industry Issues
ASEAN – Emergence as a Powerful Economic Entity
AFTA – Redefining ASEAN Automobile Markets
Cultural Issues – A Major Trade Barrier
B. Market Analytics

Table 105. Asia-Pacific Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - Australia, China, India, Indonesia, Malaysia, South Korea, Taiwan, Thailand and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 106. Asia-Pacific Historic Review for Commercial Vehicles by Geographic Region - Australia, China, India, Indonesia, Malaysia, South Korea, Taiwan, Thailand and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 107. Asia-Pacific 14-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Unit Sales for Australia, China, India, Indonesia, Malaysia, South Korea, Taiwan, Thailand and Rest of Asia-Pacific Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 108. Asia-Pacific Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - Australia, China, India, Indonesia, Malaysia, South Korea, Taiwan, Thailand and Rest of Asia-Pacific Markets Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 109. Asia-Pacific Historic Review for Commercial Vehicles by Geographic Region - Australia, China, India, Indonesia, Malaysia, South Korea, Taiwan, Thailand and Rest of Asia-Pacific Markets Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 110. Asia-Pacific 14-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Unit Production for Australia, China, India, Indonesia, Malaysia, South Korea, Taiwan, Thailand and Rest of Asia-Pacific Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

5A. AUSTRALIA

A. Market Analysis
Current & Future Analysis
Industry Overview
Telematics Integration – A Major Draw for CV Manufacturers
Product Launch
Strategic Corporate Developments
B. Market Analytics

Table 111. Australian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 112. Australian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 113. Australian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 114. Australian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/ Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 115. Australian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 116. Australian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/ Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

5B. CHINA

A. Market Analysis
Current & Future Analysis
Chinese Automobile Market – Evolution
WTO Accession Removes “Great Wall” of Trade Barriers
The Focus of Global Manufacturers
Current Scenario
Chinese Heavy Duty Truck Market – An Overview
Pickup Truck Market to Gain Momentum
Robust Bus Sector Sustains Demand for Chinese Market
Foreign Collaboration – Key to Future Growth
Major Issues
WTO - Impact on Domestic Automotive Industry
Government Regulations
Scarcity of Quality Components and Skilled Labor Hinder Rapid Progress
Role of the Government
Entry of Foreign Players to Rewrite Competitive Dynamics
Market Share Findings

Table 117. Chinese Truck Market (1H 2014): Percentage Breakdown of Value by Segment - Heavy Truck, Light Truck, Medium Truck and Mini Truck (includes corresponding Graph/Chart)

Table 118. Chinese Heavy Duty Trucks Market (2014): Percentage Breakdown of Sales by Leading Players - BAIC, Dongfeng, FAW, JAC, SAIC, Shaanxi, Sino Truck/CNHTC and Others (includes corresponding Graph/Chart)

Table 119. Chinese Medium Duty Trucks Market (2014): Percentage Breakdown of Sales by Leading Players - Dongfeng, FAW, Foton, JAC Motors, Lifan, Qingling, Sinotruk and Others (includes corresponding Graph/Chart)

Table 120. Chinese Pickup Trucks Market (H1 2014): Percentage Breakdown of Sales by Leading Players (includes corresponding Graph/Chart)

Table 121. Chinese Bus Market (1H 2014): Percentage Breakdown of Value sales by Segment - Large Bus, Light Bus, Medium Bus and Mini Bus (includes corresponding Graph/Chart)

Product Launches
Strategic Corporate Developments
Key Players
B. Market Analytics

Table 122. Chinese Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 123. Chinese Historic Review for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 124. Chinese Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 125. Chinese Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 126. Chinese 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

5C. INDIA

A. Market Analysis
Current & Future Analysis
Market Overview
Indian Market Attracting Domestic & Overseas Manufacturers
Key Industry Issues and Trends
Demand for Hybrid and Electric Commercial Vehicles Drive CV Market
Small and Light Commercial Vehicles Market in India to Witness Growth
Indian Auto Players Track Growth Spurt in Small Truck Sector
Erosion of Profit Margins
Second-Hand Imports
Regulatory Environment
Implementation of Environmental Regulations to Drive Adoption of Technological Innovations
National Highway Construction Increases HCV Demand
Competitive Scenario
Leading Players
Statistical Findings

Table 127. Indian Commercial Vehicles Market (2014E): Percentage Breakdown of Production by Leading Players (includes corresponding Graph/Chart)

Table 128. Indian Commercial Vehicles Market (Q1 2015E): Percentage Breakdown of Volume Sales by Leading Players (includes corresponding Graph/Chart)

Table 129. Indian Medium & Heavy Trucks Market (2014): Percentage Breakdown of Sales by Company (includes corresponding Graph/Chart)

Table 130. Indian Medium & Heavy Buses Market (2014): Percentage Breakdown of Sales by Company (includes corresponding Graph/Chart)

Table 131. Indian Commercial Vehicle Market (2014): Percentage Share Breakdown of Light Commercial Vehicle (Passenger Transport) by Company (includes corresponding Graph/Chart)

Table 132. Indian Commercial Vehicle Market (2014): Percentage Share Breakdown of Light Commercial Vehicle (Goods Transport) by Company (includes corresponding Graph/Chart)

Table 133. Indian Heavy Commercial Vehicles (>12 Tons) Market (2014): Percentage Breakdown by Leading Players (includes corresponding Graph/Chart)

Foreign Manufacturers Face Stiff Competition from Domestic Manufacturers
Product Launches
Strategic Corporate Development
Tata Motors Ltd. – A Key Player
B. Market Analytics

Table 134. Indian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 135. Indian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 136. Indian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/ Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 137. Indian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 138. Indian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 139. Indian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/ Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

5D. INDONESIA

A. Market Analysis
Current & Future Analysis
Market Overview
Automotive Market Classification
Commercial Vehicles – Powering Industry Growth
Imports & Exports: Auto Industry’s Lifeline
Competitive Scenario

Table 140. Leading Players in the Indonesian CV Market (2013): Percentage Breakdown of Value Sales for Daihatsu, Daimler, Hino, Isuzu, Mitsubishi, Suzuki, Toyota and Others (includes corresponding Graph/Chart)

B. Market Analytics

Table 141. Indonesian Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 142. Indonesian Historic Review for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 143. Indonesian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 144. Indonesian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 145. Indonesian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

5E. MALAYSIA

A. Market Analysis
Current & Future Analysis
Industry Overview
Malaysian Commercial Vehicle Telematics Market
Increasing Fuel Costs
Malaysian Logistics and Trucking Businesses
Increase in Awareness Levels
Market Challenges
Absence of Standardization
Skepticism about Telematics Companies
High Cost
Key Statistical Findings

Table 146. Malaysian Commercial Vehicle Market (2013): Percentage Market Share Breakdown of Leading Players (includes corresponding Graph/Chart)

Strategic Corporate Developments
B. Market Analytics

Table 147. Malaysian Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 148. Malaysian Historic Review for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 149. Malaysian Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 150. Malaysian Historic Review for Commercial Vehicles with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

5F. SOUTH KOREA

A. Market Analysis
Current & Future Analysis
Trucks Market – An Overview
Market Share Findings

Table 151. Korean Bus Market (2013): Percentage Share Breakdown of Revenues by Leading Players - Daewoo Bus, Hyundai and Kia (includes corresponding Graph/Chart)

Table 152. Korean Truck Market (2013): Percentage Breakdown of Revenues by Leading Players - Hyundai, Kia and Others (includes corresponding Graph/Chart)

Product Launch
Hyundai Motor Company – A Key Player
B. Market Analytics

Table 153. South Korean Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 154. South Korean Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 155. South Korean 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 156. South Korean Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 157. South Korean Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 158. South Korean 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

5G. TAIWAN

A. Market Analysis
Current & Future Analysis
Industry Overview
WTO Impact on Industry
Market Trends
Major Auto Manufacturers Step on the R&D Pedal…
China – Taiwanese Auto Industry’s Single Largest Customer…
B. Market Analytics

Table 159. Taiwanese Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 160. Taiwanese Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 161. Taiwanese 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 162. Taiwanese Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 163. Taiwanese Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/ Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 164. Taiwanese 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/ Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

5H. THAILAND

A. Market Analysis
Current & Future Analysis
Industry Overview
Thailand – Next Only to China in Terms of Production
Market to Surge in the Wake of Competition
The Gateway to ASEAN Market
Government Implements Corporate-Friendly Trade Incentives and Regulations
Initiatives Toward Market Liberalization
Local Automakers – Paying the Price of Liberalization ?
Offers Level Playing Field for all Participants
AFTA – Expected to Power Future Growth
Increasing Construction Activity - A Boon for Domestic Truck Market
Industry Issues
Cost of Innovation
Ambiguous Taxation of Vehicles
ASEAN to Face Trade Competition from China
Government Land Transport Policies
Competition Expected to Intensify as Major Players Expand Market Presence

Table 165. Thailand Commercial Vehicles Market (2013): Percentage Breakdown of Unit Sales by Leading Players (includes corresponding Graph/Chart)

Product Launch
B. Market Analytics

Table 166. Thai Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 167. Thai Historic Review for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 168. Thai Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/ Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 169. Thai Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 170. Thai 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

5I. REST OF ASIA-PACIFIC

A. Market Analysis
Current & Future Analysis
Market Scenario
Market Share Finding

Table 171. New Zealand Commercial Vehicles Market (2013): Percentage Market Share Breakdown of Leading Players (includes corresponding Graph/Chart)

Product Launch
B. Market Analytics

Table 172. Rest of Asia-Pacific Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 173. Rest of Asia-Pacific Historic Review for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 174. Rest of Asia-Pacific Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 175. Rest of Asia-Pacific Historic Review for Commercial Vehicles with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

6. LATIN AMERICA

A. Market Analysis
Current & Future Analysis
Industry Overview
Automobile Industry Prospects – A Future Window
Industry Trends
Latin America – Europe’s Next Auto Destination ?
Closer Ties with EU and US Propels Growth in Latin America
Trade Agreements – Powering Industry Growth
NAFTA – Fueling Mexican Auto Production
MERCOSUR – A Shortsighted Long Term Plan?
Market Share Findings

Table 176. Latin American Light Vehicles Market (2014E): Percentage Breakdown of Unit Sales by Leading Players (includes corresponding Graph/Chart)

Table 177. Latin American Trucks Market (2014E): Percentage Breakdown of Unit Sales by Leading Players (includes corresponding Graph/Chart)

B. Market Analytics

Table 178. Latin American Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin American Markets Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 179. Latin American Historic Review for Commercial Vehicles by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin American Markets Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 180. Latin American 14-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Unit Sales for Argentina, Brazil, Mexico and Rest of Latin American Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 181. Latin American Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin American Markets Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 182. Latin American Historic Review for Commercial Vehicles by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin American Markets Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 183. Latin American 14-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Unit Production for Argentina, Brazil, Mexico and Rest of Latin American Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

6A. ARGENTINA

A. Market Analysis
Current & Future Analysis
B. Market Analytics

Table 184. Argentinean Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 185. Argentinean Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 186. Argentinean 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 187. Argentinean Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 188. Argentinean Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 189. Argentinean 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/ Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

6B. BRAZIL

A. Market Analysis
Current & Future Analysis
Countering the Long-term Risk…
Brazilian Commercial Vehicles Market to Witness Entry of Foreign OEMs
A Peek into Brazilian Bus Market
Trucks Market – An Insight
Market Share Findings

Table 190. Leading Players in the Brazilian CV Market (2014): Percentage Breakdown of Value Sales for Ford, Iveco, MAN, Mercedes-Benz, Scania, Volvo and Others (includes corresponding Graph/Chart)

Table 191. Brazilian Buses Market (2013): Percentage Breakdown of Sales by Company (includes corresponding Graph/Chart)

Table 192. Leading Players in the Brazilian HD Trucks Market (2014): Percentage Breakdown of Volume Sales for Iveco, MAN, Mercedes-Benz, Scania, Volvo and Others (includes corresponding Graph/Chart)

Table 193. Brazilian Truck (>16 T) Market (2014): Percentage Breakdown by Leading Players - Daimler, Ford, Iveco, Volkswagen, Volvo and Others (includes corresponding Graph/Chart)

Product Launch
Strategic Corporate Developments
B. Market Analytics

Table 194. Brazilian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 195. Brazilian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/ Heavy Commercial Vehicles Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 196. Brazilian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Sales for Light Commercial Vehicles, Medium/Heavy Commercial Vehicles Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

Table 197. Brazilian Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 198. Brazilian Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/ Heavy Commercial Vehicles Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 199. Brazilian 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles, Medium/Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

6C. MEXICO

A. Market Analysis
Current & Future Analysis
Market Overview
Market Share Finding

Table 200. Mexico Trucks (Class 6-8) Market (2013): Percentage Market Share Breakdown of Leading Players (includes corresponding Graph/Chart)

B. Market Analytics

Table 201. Mexican Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 202. Mexican Historic Review for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 203. Mexican Recent Past, Current & Future Analysis for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 204. Mexican Historic Review for Commercial Vehicles by Product Segment - Light Commercial Vehicles and Medium/Heavy Commercial Vehicle Segments Independently Analyzed with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 205. Mexican 14-Year Perspective for Commercial Vehicles by Product Segment - Percentage Breakdown of Unit Production for Light Commercial Vehicles and Medium/ Heavy Commercial Vehicle Segments for the Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)

6D. REST OF LATIN AMERICA

A. Market Analysis
Current & Future Analysis
Strategic Corporate Development
B. Market Analytics

Table 206. Rest of Latin America Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 207. Rest of Latin America Historic Review for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 208. Rest of Latin America Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 209. Rest of Latin America Historic Review for Commercial Vehicles with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

7. REST OF WORLD

A. Market Analysis
Current & Future Analysis

UAE

South Africa
Product Launches
Strategic Corporate Developments
B. Market Analytics

Table 210. Rest of World Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 211. Rest of World Historic Review for Commercial Vehicles with Annual Sales Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

Table 212. Rest of World Recent Past, Current & Future Analysis for Commercial Vehicles with Annual Production Figures in Thousand Units for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 213. Rest of World Historic Review for Commercial Vehicles with Annual Production Figures in Thousand Units for Years 2007 through 2013 (includes corresponding Graph/Chart)

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 113 (including Divisions/Subsidiaries - 174)
The United States (39)
Canada (5)
Japan (13)
Europe (66)
  France (6)
  Germany (15)
  The United Kingdom (13)
  Italy (11)
  Spain (2)
  Rest of Europe (19)
Asia-Pacific (Excluding Japan) (40)
Latin America (6)
Africa (3)
Middle East (2)