The Global Light Commercial Vehicle Market Report by The Business Research Company covers light commercial vehicle market drivers and restraints, light commercial vehicle market size, major players, and the impact of COVID-19 on the light commercial vehicle market.
The light commercial vehicle market consists of sales of light commercial vehicles and related services by entities (organizations, sole traders and partnerships) that produce complete light trucks and utility vehicles such as light duty vans, pick-up trucks, minivans, and sport utility vehicles. Only goods and services traded between entities or sold to end consumers are included.
The increase in online shopping is expected to drive the light commercial vehicles market. As urbanization has increased, it has created new retail and e-commerce platforms that require efficient logistics, which could be fulfilled by light commercial vehicles (LCV).
The global light commercial vehicle market is expected to grow from $440.87 billion in 2020 to $475.29 billion in 2021 at a compound annual growth rate (CAGR) of 7.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $652.34 billion in 2025 at a CAGR of 8.2%.
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Some light commercial vehicle market trends include Skateboard architecture. It is increasingly being preferred by manufacturers for high efficiency and productivity in the light commercial vehicles. The skateboard architecture refers to an actual physical platform, which forms the floor of the vehicle, and incorporates the battery.
Global light commercial vehicle market segments include:
1) By Vehicle Type: Passenger Van, Cargo Van, Pickup Trucks, Light Trucks, Mini Buses, Others.
2) By Fuel: Electric, Diesel, Gasoline.
3) By Tonnage Capacity Type: Less Than 2.5 Tons, 2.5 To 3.5 Tons, More Than 3.5 Tons.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Light Commercial Vehicle Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides light commercial vehicle market overviews, analyzes and forecasts market size, share, light commercial vehicle market players, light commercial vehicle market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The light commercial vehicle market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Light Commercial Vehicle Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Daimler, Ford, Renault, Volkswagen, Ashok Leyland, Tata Motors, SML Isuzu Limited, Toyota Motor, Groupe PSA, Nissan, Volvo AB, Anhui Jianghuai Automobile, Mahindra And Mahindra Limited, VE Commercial Vehicles Limited, Avtovaz, General Motors, Honda Motor Company, Gaz Group, Hyundai Motor Company, Mitsubishi Motors, UPS, Workhorse, Dongfeng Motor Corporation , GM Holden, Mazda, Force Motors Limited, Piaggio Vehicles Private Limited, Scania Commercial Vehicles India Private Limited, GMC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Light Commercial Vehicle Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Light Commercial Vehicle Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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