The light commercial vehicles are used for carrying goods and measured in tons in order to distinguish between light and heavy commercial vehicles. As per the International Organization of Motor Vehicle Manufacturers (OICA), these vehicles are characterized based on gross vehicle weight and have the maximum mass varying between 3.5 and 7 tons. The automotive manufacturers are shifting their preference from the production of passenger cars to the production of light commercial vehicles owing to urbanization and the rise in consumption of goods, around the globe.
MARKET DYNAMICS
The strict government norms related to emissions, growth in the global oil prices, and increasing penetration of downsized engines in light commercial vehicles drive the growth of the light commercial vehicles market. However, the high manufacturing cost may restrain the development of the light commercial vehicles market. Furthermore, growing automotive production in China, India, and ASEAN countries are anticipated to witness massive demand for light commercial vehicles during the forecast
MARKET SCOPE
The "Global Light Commercial Vehicles Market Analysis to 2028" is a specialized and in-depth study of the light commercial vehicles market with a special focus on the global market trend analysis. The report aims to provide an overview of light commercial vehicles market with detailed market segmentation by type, fuel type, and geography. The global light commercial vehicles market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading light commercial vehicles market players and offers key trends and opportunities in the light commercial vehicles market.
MARKET SEGMENTATION
The global light commercial vehicles market is segmented on the basis of type and fuel type. On the basis of type, the market is segmented as trucks, buses, vans, coaches, and others. On the basis of fuel type, the market is segmented diesel, gasoline, and electric.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global light commercial vehicles market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The light commercial vehicles market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting light commercial vehicles market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the light commercial vehicles market in these regions.
MARKET PLAYERS
The reports cover key developments in the light commercial vehicles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from light commercial vehicles market are anticipated to lucrative growth opportunities in the future with the rising demand for light commercial vehicles market. Below mentioned is the list of few companies engaged in the light commercial vehicles market.
The report also includes the profiles of key light commercial vehicles market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AB Volvo
- Daimler AG
- Ford Motor Company
- General Motors
- Groupe PSA
- Groupe Renault
- Hyundai Motor Company
- Mahindra and Mahindra
- Tata Motors Limited
- Volkswagen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.