Press release
Light Commercial Vehicles Market 2020 Expected to Showcase Extensive Growth, Business Opportunity | Major Companies: Harman International Industries, Argus Cyber Security
Light Commercial Vehicles Market
According to Market Research Future (MRFR), the global light commercial vehicles market is projected to grow at approximately 4.5% CAGR during the anticipated period (2019 – 2025). The LCV segment holds enormous potential for the recovery of the commercial vehicle industries. The LCV industry is to account for over 40% of sales volume in FY20, growing continually during the years to come. The market is to witness increasing product launches, which would expand the customer base looking for quality and profitability.
LCV manufacturers are developing robust product offering equipped with BS-VI engine, featuring customer-centric offerings on technology and driver comfort, while being contemporary and futuristic. Companies strive to expand their LCV offerings, a best-in-class payload capacity available through physical and digital platforms. While the medium and heavy commercial vehicle (MHCV) segment continued to remain under stress, the decline was narrowed by growth in LCV demand.
Major Players:
Players leading the global LCV market include Volvo Group (Sweden), Daimler AG (Germany), Dongfeng Motor Corporation (China), Tata Group (India), Volkswagen Group (Germany), Ford Motor Company (US), General Motors (US), Groupe PSA (France), Groupe Renault (France), and Hyundai Motor Company (South Korea), among others.
Global Light Commercial Vehicles Market – Segments
The report is segmented into three dynamics;
By Type : Trucks, Vans, Buses, Coaches, and others.
By Fuel Type: Diesel, Gasoline, and Electric.
By Region : North America, Europe, APAC, and the Rest-of-the-World.
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Global Light Commercial Vehicles Market – Regional Analysis
North America leads the global light commercial vehicles market. The largest market share attributes to the rapidly growing electric vehicle industry in the region. The spurring demand for lightweight energy-efficient automobiles in the region fuels the sales in the market. Besides, e-commerce in the region drives market growth, leading to the strong growth of the transportation industry. The North American LCV market is projected to retain its dominance throughout the estimated period.
The Asia Pacific region stands second in the global light commercial vehicle market. The market is especially driven by stringent government regulations for emissions from commercial vehicles. Additionally, rising demand for lightweight fuel-saving commercial vehicles accelerates the sales in the regional market. The rising automotive production in the already burgeoning automotive industry and the availability of innovative technologies foster the market growth in the region.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Light commercial vehicles Market Segmentation
8. Light commercial vehicles Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape
More…
If you have any requirements, let know and we will customize the report according to your need.
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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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