The EU is actually working not only on tightening emission reduction rules (standard Euro 6 up to Euro 6d) but also on improving testing procedures for pollutant emissions and fuel consumption of light-duty vehicles. Compared to tests under laboratory conditions, light-duty vehicles have significantly higher emissions when actually on the road, and two new testing procedures are currently being developed in order to assess the performance of vehicles under real-life conditions.
The article cited AMA's "Global Light Diesel Vehicle Market Study" explored CAGR of %. Increasing Automobile Sector across the Globe
is also expected to contribute significantly to the Light Diesel Vehicle market. Overall, Personal Use
applications of Light Diesel Vehicle, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Transmission, such as Manual, is boosting the Light Diesel Vehicle market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Light Diesel Vehicle market identified that the demand is rising in many different parts of the world as "Growing Rules Against Emission of Carbon from Vehicles
". Furthermore, some recent industry insights like "On September 05, 2019. India to pull down global light vehicle sales for 2019. The country’s production of light vehicles that is, passenger vehicles plus small commercial vehicles of up to 6 tons capacity is estimated to decline by 11.4% to 4.18 million in 2019." is constantly making the industry dynamic.
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 Diesel Vehicle 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 Diesel Vehicle 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 industrys 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 Diesel Vehicle market size is calculated using market estimation process, the Light Diesel Vehicle 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 Diesel Vehicle market size has been validated using both top-down and bottom-up approaches.