Van Market Size, Share, Trends and Forecast Report, 2030

Compact and versatile vans are increasingly preferred for urban freight transport and shared mobility applications due to their fuel efficiency and maneuverability. Moreover, infrastructure development in emerging markets, such as the expansion of road networks and industrialization in regions such as Asia Pacific and Latin America, are boosting van sales for commercial applications.

Tonnage Capacity Insights

The up to 2 tons segment accounted for the largest share of 44.5% in 2024. The segment’s growth is driven by the rising demand for compact, fuel-efficient, and cost-effective vehicles, especially for last-mile delivery and urban logistics. These vans are ideal for navigating congested city streets and offer businesses the flexibility to transport smaller loads efficiently. 

Propulsion Insights

The Internal Combustion Engine (ICE) segment held the largest market share in 2024. The growth of the segment is driven by the continued demand for reliable, cost-effective, and widely available vehicles. ICE-powered vans offer well-established infrastructure, including fueling stations, which makes them a practical choice for businesses operating in regions with limited electric vehicle (EV) charging networks.

End-use Insights

The commercial segment dominated the market in 2024.The growth of the commercial segment is driven by the increasing demand for vans in logistics, e-commerce, and various service-based industries. Vans are essential for businesses requiring efficient transportation solutions for goods, deliveries, and personnel, particularly in urban areas.

Regional Insights

North America dominated the global van industry in 2024 with a revenue share of 32.6%. This growth is driven by the region’s strong infrastructure, coupled with a high rate of urbanization, which supports the growing need for efficient transportation solutions in densely populated areas.

Key Van Companies:

The following are the leading companies in the van market. These companies collectively hold the largest market share and dictate industry trends.

• Ford Motor Company
• Mercedes-Benz Group AG
• Volkswagen Group
• Renault Group
• TOYOTA MOTOR CORPORATION
• Nissan Motor Co., Ltd.
• Hyundai Motor Company
• MITSUBISHI MOTORS CORPORATION
• ISUZU MOTORS LIMITED
• Stellantis NV

Global Van Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global van market report based on tonnage capacity, propulsion, end-use, and region:

• Tonnage Capacity Outlook (Revenue, USD Million, 2018 – 2030)

  • Up to 2 Tons

  • 2 to 3 Tons

  • 3 to 5.5 Tons

• Propulsion Outlook (Revenue, USD Million, 2018 – 2030)

  • Internal Combustion Engine (ICE)

  • Electric

  • Hybrid

  • Others

• End–use Outlook (Revenue, USD Million, 2018 – 2030)

  • Commercial

  • Personal

• Regional Outlook (Revenue, USD Million, 2018 – 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

  • Latin America

    • Brazil

  • Middle East and Africa (MEA)

    • KSA

    • UAE

    • South Africa

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/van-market-report