The article cited AMA's Global Light Duty Vehicles Market Study explored significant growth with CAGR of 8.04%. According to the report, Growing Trend for Shared Mobility Services is one of the primary growth factors for the market. Increasing Demand for Light Duty Vehicles in Developed as well as Developing Economies is also expected to contribute significantly to the Light Duty Vehicles market. Overall, Personal Use applications of Light Duty Vehicles, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global Light Duty Vehicles Market identified that the demand is rising in many different parts of the world due to "Ongoing Development of Driverless Electric Cars ". Furthermore, some recent industry insights like "In June 2019, Eicher launched the Eicher Pro 2000 series in India. The new Eicher Pro 2000 Series Light-duty trucks having smart cabins and come in compliance with the BS-VI standard for India." is constantly making the industry dynamic. One of the challenges that industry facing is "The light duty vehicles market is fragmented due to the presence of several manufacturers and the level of competition among the companies in the plastic pallet market is intense and manufacturers focus on developing new technologies and offering customized products to the customers. The companies are seeking ways to reduce cost, improve product quality and production efficiency. During the coming years, a number of companies will also follow Merger and Acquisition and many more strategies to sustain in this competitive market"

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Light Duty Vehicles market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Light Duty Vehicles market and other related sub-markets covered in the study.

o Key & emerging players in the Light Duty Vehicles market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Light Duty Vehicles market size is calculated using market estimation process, the Light Duty Vehicles market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Light Duty Vehicles market size has been validated using both top-down and bottom-up approaches.