New Era of Light Vehicles Market 2026: Technological Advancement and Prominent Key Players Volkswagen AG, HYUNDAI MOTOR GROUP,Tata Motors, Honda Motor Co., Ltd, Groupe Renault, Nissan, ASHOK LEYLAND

Global Light Vehicles Market By Type (Passenger Vehicle, Commercial Vehicle), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Global Light Vehicles Market is expected to grow with a steady CAGR in the forecast period of 2019-2026

Light vehicles are termed as the vehicles that are lighter in weight, resulting in improved fuel efficiency but without compensating on the capabilities and power of the vehicles. These vehicles constitute of lighter-weight metals and lower engine power which significantly affects the overall weight of the vehicle, but due to the usage of advanced alloys in the production, the stability and capacity to operate is not lost.

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Companies Profiled in this report includes, Volkswagen AG; HYUNDAI MOTOR GROUP; Fiat Chrysler Automobiles; Honda Motor Co., Ltd.; Groupe Renault; Nissan; Groupe PSA; Zhejiang Geely Holding Group; ASHOK LEYLAND; suzuki motor corporation; Tata Motors and MITSUBISHI MOTORS CORPORATION.

Global light vehicles market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of light vehicles market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Drivers:

• Increased concerns regarding the environment and demand for fuel-efficient and durable vehicles is expected to be one of the major factors driving the market growth
• Growing advancements in the technology used resulting in innovative product launches that are highly fuel-efficient without compensating on the designated carry load

Market Restraints:

• Low return on investment on these commercial vehicles due to their high costs

Segmentation: Global Light Vehicles Market

• By Type: Passenger Vehicle, Commercial Vehicle

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Key Developments in the Market:

• In April 2018, Tata Motors announced the launch of “Nex-Gen ULTRA” vehicles range from Intermediate & Light Commercial Vehicles. This launch of vehicles range is expected to significantly improve the market share of Tata Motors in the light vehicles.
• In September 2017, ASHOK LEYLAND announced that they are planning to launch a new light commercial vehicle model in every six months till the year 2020. This decision of presenting new models is expected to expand the product portfolio of the company and is expected to be parallel with the growth strategy of the company.

Reasons to purchase this Light Vehicles premium report

• This Light Vehicles research report illuminates the market development of a few sorts of items sold by driving organizations.
• It delivers the market Dynamics in which the authors of the report have comprehensively discussed about the key drivers, restraints, challenges, trends and opportunities of the global market
• The investigators composing the report have profoundly surveyed the market capability of key applications and distinguished future opportunities they are relied upon to make in the worldwide market.
• Each provincial market is painstakingly investigated for understanding its present and future development situations.
• Top players of the worldwide market are altogether profiled in the report dependent on their piece of the overall industry, showcase served, items, applications, territorial development, and different variables.

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