Press release
Light Commercial Vehicle Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Light Commercial Vehicle Market
As per the report, the light commercial vehicle market size has grown rapidly in recent years. It will grow from $614.93 billion in 2023 to $676.49 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The light commercial vehicle market size is expected to see rapid growth in the next few years. It will grow to $990.88 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=3690&type=smp
Rising Online Shopping Trends Boosting The Light Commercial Vehicle Market
The increase in online shopping is expected to drive the light commercial vehicle 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). Moreover, the current pandemic situation has increased online shopping owing to health concerns. For instance, in August 2023, according to the United States Census Bureau, a US-based government agency, when compared to the second quarter of 2022, the estimate for online shopping in the second quarter of 2023 increased by 7.5% (or 1.4%), while overall retail sales increased by 0.6% (or 0.4%). Thus, increased demand for goods through e-commerce is pushing the use of LCVs in logistics, paving the way for the growth of the light commercial vehicle market .
Increasing Focus On Product Innovations To Drive Revenues In The Market
Major companies operating in the light commercial vehicle market are focusing on innovative products such as super carry LCV (Light Commercial Vehicle) to drive their revenues in the market. Super carry LCV is a specific model of light commercial vehicle (LCV) designed for the transportation of goods or passengers. For instance, in April 2023, Maruti Suzuki India Limited, an India-based automobile manufacturer launched super carry LCV. The 4-cylinder engine in Maruti Suzuki's Super Carry mini-truck now produces better performance with a maximum output of 59.4 kW (80.7 PS) at 6000 rpm and 104.4 Nm of maximum torque at 2900 rpm in the petrol type. The new engine is coupled to an enhanced five-speed manual transmission that gives better gradeability, allowing users to travel up hills that are steeper than before .
The light commercial vehicle market covered in this report is segmented -
1) By Vehicle Type: Passenger Van, Cargo Van, Pickup Trucks, Light Trucks, Mini Buses, Other Vehicle Types
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
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=3690&type=discount
Major companies operating in the light commercial vehicle market include Daimler AG, Ford Motor Company, Renault Group, Volkswagen AG, Ashok Leyland Limited, Tata Motors Limited, SML Isuzu Limited, Toyota Motor Corporation, Groupe PSA, Nissan Motor Co. Ltd., Volvo Group, Anhui Jianghuai Automobile Co. Ltd., Mahindra & Mahindra Limited, VE Commercial Vehicles Limited, AvtoVAZ, General Motors Company, Honda Motor Co. Ltd., GAZ Group, Hyundai Motor Company, Mitsubishi Motors Corporation, United Parcel Service Inc., Workhorse Group Inc., Dongfeng Motor Corporation, GM Holden Ltd., Mazda Motor Corporation, Force Motors Limited, Piaggio Vehicles Private Limited, Scania Commercial Vehicles India Private Limited
Contents of the report:
1. Executive Summary
2. Light Commercial Vehicle Market Report Structure
3. Light Commercial Vehicle Market Trends And Strategies
4. Light Commercial Vehicle Market - Macro Economic Scenario
5. Light Commercial Vehicle Market Size And Growth
…..
27. Light Commercial Vehicle Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/light-commercial-vehicle-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Light Commercial Vehicle Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033 here
News-ID: 3615345 • Views: …
More Releases from The Business research company
Aerospace Forging Market Anticipated To Witness Robust Growth, Surpassing $49.66 …
The Aerospace Forging Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Aerospace Forging Market Size and Its Estimated Growth Rate?
The Aerospace Forging Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034.…
Fuel Efficiency Advancements Fueling Growth In The Advanced Lead-Acid Batteries …
The Advanced Lead Acid Battery Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Advanced Lead Acid Battery Market Size and Its Estimated Growth Rate?
The Advanced Lead Acid Battery Market Report by The Business Research Company delivers a detailed market assessment, covering…
Acrylic Rubber Market Report 2025-2034: Industry Overview, Trends, And Forecast …
The Acrylic Rubber Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Acrylic Rubber Market Size and Its Estimated Growth Rate?
The Acrylic Rubber Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034.…
5G NTN Market Anticipated To Witness Robust Growth, Surpassing $17.01 Billion By …
The 5G NTN Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current 5G NTN Market Size and Its Estimated Growth Rate?
The 5G NTN Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034.…
More Releases for Vehicle
Connected Car Devices Industry Forecast to 2028 Global Market Analysis by Commun …
Connected car devices assist in monitoring vehicles and drivers. These devices update owners and fleet managers about the emissions, vehicle performance, vehicle maintenance, on-board diagnostics (OBD), pertaining to fuel economy index, etc. Also, it provides GPS tracking and real-time alerts. Increasing concerns and awareness regarding safety and high demand for advanced system and safety features in vehicles are driving the growth of the connected car devices market.
Sample PDF showcases the…
Steering Tie Rod Market Vehicle (Passenger car, Commercial vehicle, and Heavy-du …
A steering tie rod is an integral part of the steering mechanism in an automobile as it is a lean structural bar or rod which is used as a tie and it is capable of carrying only ductile loads. The rod tends to transmit a force from the rack gear to the steering knuckle, which enables the wheel to turn while the vehicle is moving. This tie rod comprises two…
Offshore AUV & ROV Market by ROV, High Capacity Electric Vehicle, Small Vehicle, …
This study report Global Offshore AUV & ROV Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes…
Automotive ABS and ESC Market Report 2018: Segmentation by Product (Three Channe …
Global Automotive ABS and ESC market research report provides company profile for Robert Bosch, TRW, Machino, Haldex, Aisin Seiki, Hitachi, Autoliv, Contenental, Delphi, Denso and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The…
Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow …
The V2V/V2I market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular…
Wheelchair Accessible Vehicle Market : by Vehicle Type - Large Size Vehicle, Med …
Researchmoz added Most up-to-date research on "2017 Global Wheelchair accessible vehicles Industry Report" to its huge collection of research reports.
This report is an essential reference for those who look for detailed information on global Wheelchair accessible vehicles market. The report covers data on national, regional, and global markets including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information.
In addition…
