Light Trucks market 2019 – 2025 analysis examined in new market research report

Light trucks are the trucks or truck-based vehicles which have a payload capacity of less than 4,000 pounds or 1,815 kg. These trucks in the U.S. are known as light-duty trucks and in the European countries similar vehicles are popularly known as light commercial vehicle.

The light trucks market is bifurcated into light commercial vehicles (LCVs) and light buses and coaches (LBCs) weighing up to 3.5 tons. Light commercial vehicle holds the major market share followed by light buses and coaches segment.

Light trucks are used in almost all industries. Industrial sector uses it for transportation of raw material and finished goods between their storage facilities and consumers outlets. Government, Industrial and commercial sectors are the major end-user of light trucks. Industrial sector leads the global market followed by government and commercial sector.

North America was the market leader in the global light trucks market accounting for more than half of the total light trucks market. Asia-Pacific followed North America in the sale of light trucks. Asia Pacific region is expected to show highest growth rate in the coming future owing to the developing market in India and China.

The global Light Trucks market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.

This report studies the Light Trucks market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Light Trucks in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Fiat

Daimler AG

Ford Motor

BMW AG

General Motors

Mitsubishi Motors

Toyota Motor

Tata Motors

Ashok Leyland

Honda Motor

Subaru of America

Hyundai Motor Company

Volkswagen AG

By the product type, the market is primarily split into

Light Commercial Vehicles (LCVs)

Light Buses and Coaches (LBCs)

By the end users/application, this report covers the following segments

Government Sectors

Industrial Sectors

Commercial Sectors

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This release was published on openPR.