ACWI - Global Commercial Vehicle Demand Forecast To Fall Further In 2021

• After enduring a projected 10.6% drop in demand for new commercial vehicles during the 2020 pandemic year, the global market for new trucks and buses above 6 tons gross vehicle weight may see a further decline of greater than 9% in 2021.
• The key driver behind these numbers is expected weakness in the world's heavy-truck segment, representing about two-thirds of the world's commercial-vehicle demand above 6 tons GVW.
• Apart from the uncertain course of the pandemic itself, mainland China offers some of the greatest risks and opportunities around the baseline forecast on a global scale.

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