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Roughly 23.74 million heavy buses, light commercial vehicles, and trucks were produced worldwide in 2022. This constitutes an increase of around 2 percent compared to the previous year.

Commercial vehicle production decline

Global commercial vehicle production contracted by just under thirteen percent between 2019 and 2020, before recovering in 2021. The impact of the coronavirus pandemic on the transportation and logistics industry put manufacturing plants at a standstill during national lockdowns through 2020. While demand and output picked up in 2021, the global chip shortage slowed down the sector's recovery, as manufacturing plants had to slow down production again.

Recovering demand

Worldwide commercial vehicle sales came to over 24 million units in 2022, a slight decrease compared to 2021. Vehicle demand had slumped down during the first quarter of 2022 due to the ongoing effects of the COVID-19 pandemic. Despite the pandemic, demand came back over the course of 2021 and 2022, as the market has the potential to thrive amid increased demand in the e-commerce and logistics sectors.

Commercial vehicle production volume worldwide from 2016 to 2022 (in million units)

Characteristic	Production volume in million units
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Release date

2022

More information

Region

Worldwide

Survey time period

2016 to 2022

Supplementary notes

The figures prior to 2019 were taken from a previous publication of the report.
The figures have been rounded.
Individual values by vehicle type have been added up.
Commercial vehicles include motor vehicles with at least four wheels that are used to transport goods or passengers and weigh more than 3.5 metric tons.
The source does not specify the date of publication.

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