What is Light Diesel Vehicle Market Scope?
Light-duty diesel vehicles are majorly used across the globe for both personal and commercial purposes. These consist of various passenger cars, sports utility vehicles (SUVs), lightweight trucks and many more. It is widely accepted by the factor that they are owing to the purposes such as low-end power, highway driving, reliability and improved towing and transportation of various goods. The manufactures of this industry are having a great opportunity as with more number of automobile key players are focusing on diesel vehicles. And from the customer’s side, they are able to choose from a wide range of vehicular design and specifications. Therefore, rising the market.
The Light Diesel Vehicle market study is being classified by Type (Passenger Cars, Sports Utility Vehicles (SUVs), Light Weight Trucks, Pick-Up Trucks and Minivans), by Application (Personal Use, Commercial and Industrial) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from Germany and United States will contribute to the maximum growth of Global Light Diesel Vehicle market throughout the predicted period.
Continental AG (Germany), Denso Corporation (Japan), Ricardo Plc (United Kingdom), Wabco Holdings (United States), Robert Bosch GmbH (United States), Federal-Mogul Corporation (United States), BMW AG (Germany), Daimler AG (Germany), General Motors (GM) Company (United States) and Hyundai Motor Company (South Korea) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mitsubishi Motors Corporation (Japan), Renault S.A (France), Suzuki Motor Corporation (Japan), Volkswagen AG (Germany), Chrysler Group (United States), Honda Motor Company (Japan), Porsche AG (Germany) and Toyota Motor Corporation (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Light Diesel Vehicle market by Type, Application and Region.
On the basis of geography, the market of Light Diesel Vehicle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
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.
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.
Market Drivers
- Increasing Automobile Sector across the Globe
- Rising Benefits of Light Diesel Vehicles such as Higher Price in Gasoline, Highly Efficient and Cost Effect
Opportunities
- Growing Rules Against Emission of Carbon from Vehicles
- Rising Usages of these Vehicles for Both Personal and Commercial Usage
Restraints
- The Fuel for Diesel Cars is Still more Expensive Around the World
- Growing Penetration of Electricity Vehicles
Challenges
- High Cost of Diesel can Hamper the Industry
Key Target Audience
Light Diesel Vehicle Manufactures, Light Diesel Vehicle Distributors, Potential Investors, End-Users, Automobiles and Others
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