Scope of the Study
Light commercial vehicles are vehicles that have at least four wheels, used for the carriage of goods. Mass given in metric tons is used as a limit between light commercial vehicles and heavy trucks. Minibuses are derived from light commercial vehicles that are used for the transport of passengers, containing more than eight seats in addition to the driver's seat and having a maximum mass between 3.5 and 7 tons.
The market study is being classified by Type (Utility Vehicles, Panel Vans, Cab Chassis Vehicles, Goods Vans and Others), by Application (Personal Use, Small/Medium Enterprise, Agricultural and Others) and major geographies with country level break-up.
Daimler AG (Germany), Ford Motor (United States), Hyundai Motor (South Korea), Toyota Motor (Japan), Volkswagen (Germany), Renault SA (France), Volvo AB (Sweden), Ashok Leyland Ltd. (India), Tata Motors Ltd. (India), Mahindra & Mahindra Ltd. (India), SML Isuzu Limited (India), Nissan (Japan) and Citroen (France) are some of the key players profiled in the study.
Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Light and Medium Commercial Vehicles market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Light and Medium Commercial Vehicles market by Type, Application and Region.
On the basis of geography, the market of Light and Medium Commercial Vehicles 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Lightweight Vehicles
- Growing Demand for Pickup Trucks in Emerging Countries
Market Trend
- Growing E-Commerce and Construction Industry
- The Electric Commercial Vehicles are Gaining Popularity
Restraints
- Fuel-Efficiency Standards to Increase the Price of LCVS and MCVS
Opportunities
- Improved Fuel Efficiency Is Prompting Vehicle Manufacturers
- Rising Demand of Commercial Vehicles Due To High Level of Activity in the Infrastructure Sector
Challenges
- Co2 Emissions Caused by Non-Electric Vehicles
On April 23, 2018 - Isuzu has launched a Newly Engineered Lightweight Truck in an Emerging Market-Sales Starts from Indonesia.
In California - For light and medium-duty vehicles, a revision of the OBD II regulations bring them in line with the preceding issuance of the LEV III regulations.
Key Target Audience
Manufacturers of Commercial Vehicles, Suppliers of Commercial Vehicles, Wholesalers, Distributors and Retailers of Commercial Vehicles, Transportation Industry and Governmental Bodies
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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