"The Environmental Protection Agency has ruled that emissions from all light trucks and passenger cars will be regulated equally. Also, in April 2003, the Department of Transportation finalized more stringent fuel economy standards for light trucks starting in MY2005. These standards were first enacted in response to the desire to, reduce petroleum consumption and promote energy security after the Arab oil embargo. The current law sets the Corporate Average Fuel Economy (CAFE) standard for passenger cars at 27.5 miles per gallon (mpg). Furthermore, this law gives NHTSA the authority to define other classes of vehicles, and set fuel economy standards for those vehicles. Currently, the average fuel economy of and light trucks is regulated at 20.7 mpg. Fuel economy standards for light trucks were steadily tightened through the 1980s and early 1990s and were completely standardized (for all light truck sub-classes) in MY1996."

The article cited AMA's "Global Light Trucks Market Study" explored CAGR of %. According to the report, Growing Prevalence of Hybrid Electric Vehicles is Increasing the Demand of Light Trucks is one of the primary growth factors for the market. Demand for Lightweight Energy Efficient Vehicles is also expected to contribute significantly to the Light Trucks market. Overall, applications of Light Trucks, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Tyre, such as Standard Load P-metric Tyre, is boosting the Light Trucks market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Fuel, such as Gasoline, is boosting the Light Trucks market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Government, is boosting the Light Trucks market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Light Trucks market identified that the demand is rising in many different parts of the world as "Continuous Research and Development in the Automotive Sector ".

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 Trucks 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

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

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 Trucks market and other related sub-markets covered in the study.

o Key & emerging players in the 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.

Have a look at detailed Table of Content for Light Trucks Market Study

Data Triangulation
The overall Light Trucks market size is calculated using market estimation process, the Light Trucks 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 Trucks market size has been validated using both top-down and bottom-up approaches.