Commercial vehicles - worldwide production 2016-2022

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.