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Australia's Commercial Vehicle Market: Trends, Growth, and Future Outlook (2024-2032) | #australia commercial vehicle market #electric commercial vehicles Australia #light commercial vehicles market Australia #telematics in commercial vehicles

Australia's Commercial Vehicle Market: Trends, Growth, and Future Outlook (2024-2032)

Australia's Commercial Vehicle Market: Trends, Growth, and Future Outlook (2024-2032)

The Australian commercial vehicle market, valued at AUD 16.2 billion in 2023, is expected to grow at a CAGR of 4.23% from 2024 to 2032. Driven by the rise of e-commerce, electric vehicles, and advancements in fleet management and autonomous technologies, the market is projected to reach AU