Learn about the global light commercial vehicle market through The Business Research Company, which provides information on light commercial vehicle market size, light commercial vehicle market drivers and restraints, light commercial vehicle market players, the COVID-19 impact on the light commercial vehicle market, and more.

The global light commercial vehicle market size is expected to grow from $491.08 billion in 2021 to $562.73 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The global light commercial vehicle market is then expected to grow to $911.5 billion in 2026 at a CAGR of 12.8%.

The increase in online shopping is expected to drive the light commercial vehicles market.

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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.

Global Light Commercial Vehicle Market Segments Include:

By Vehicle Type: Passenger Van, Cargo Van, Pickup Trucks, Light Trucks, Mini Buses, Others

By Fuel: Electric, Diesel, Gasoline

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. Among these regions, North America was the largest region in the light commercial vehicles market in 2021.

Skateboard architecture is increasingly being preferred by manufacturers for high efficiency and productivity in light commercial vehicles and turning to be a trend in the light commercial vehicles market. The skateboard architecture refers to an actual physical platform, which forms the floor of the vehicle, and incorporates the battery.

TBRC’s light commercial vehicle market report covers:

Major Market Players: Daimler, Ford, Renault, Volkswagen, Ashok Leyland, Tata Motors, SML Isuzu Limited, Toyota Motor, Groupe PSA, and Nissan.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Light Commercial Vehicle Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

TBRC’s light commercial vehicle market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Commercial Vehicle Global Market Report 2022

Passenger Car Global Market Report 2022

Buses And Coaches Global Market Report 2022

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