Vans market to exceed $517.2 Bn by 2032 driven by growth in electric vehicles

From GlobeNewswire: 2024-11-25 06:30:00

The vans market is expected to exceed USD 517.2 billion by 2032, driven by a shift towards electric vehicles (EVs) and the growth of e-commerce. Light commercial vans dominate, accounting for over 50% of the market. ICE vans hold 81% of the market share, favored for their reliability and performance in logistics. The Asia Pacific region leads the market, projected to surpass USD 200 billion by 2032, driven by urbanization and e-commerce growth.



Read more at GlobeNewswire: Vans Market to surpass $517.2 Bn by 2032, Says Global