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Share this article Share this article ResearchAndMarkets.com s offering. The Commercial Vehicles Market is predicted to grow at the rate of 6.7% CAGR by 2026. Commercial vehicles refer to those vehicles used for goods transport, transporting people, or providing a service. They have a major contribution to the overall country s economy. Commercial vehicles have various applications such as passenger transportation, logistics, industrial, mining, and many more. Majorly, these vehicles are categorized into two types such as heavy and light, where heavy vehicles are used for heavy equipment, and light are used for passenger and goods transportation. Owing to the key factors such as rising digitization and the expanding infrastructure investments are anticipated to boost the commercial vehicles market growth in the coming years. The incorporation of telematics services, precisely the increasing demand from consumers for transport solutions, and the rising popularity of shared trans

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