Van Market 2030: Trends Redefining Urban Transport
The global van market was valued at USD 160.90 billion in 2024 and is projected to grow to USD 214.24 billion by 2030, with a compound annual growth rate (CAGR) of 4.8% from 2025 to 2030. This expansion is fueled by multiple factors, including the surge in e-commerce and last-mile delivery services, as well as the transition toward electric vans. Compact and versatile vans are increasingly favored for urban freight transportation and shared mobility due to their fuel efficiency and ease of maneuverability. Additionally, infrastructure improvements in emerging markets, such as expanding road networks and growing industrialization in regions like Asia Pacific and Latin America, are driving commercial van sales. The rising preference for electric vans is a key factor shaping the global van industry, as both businesses and governments prioritize sustainability and the reduction of carbon emissions. The European Automobile Manufacturers’ Association (ACEA) reported that electric van ...