A new report projects the global commercial vehicle market will reach nearly $2 trillion by 2033, growing at a CAGR of 9.2%. The market was valued at $925 billion in 2024 with sales volume up 7.9%. Light commercial vehicles continue to dominate with 55% of the market share, largely driven by e-commerce demand and last-mile delivery needs. North America currently leads the market by value with a 28.5% share, helped by the USMCA trade agreement encouraging local production. Dealerships are also seeing a shift to digital. The report notes that 92% of dealers have adopted CRM tools and 73% are expected to have mobile apps for sales by 2025. Emerging markets like Brazil and Indonesia are showing strong volume growth as well. Major players mentioned include Ford, General Motors, Toyota, and Daimler.