At a CAGR of 3.57%, Europe Light Commercial Vehicle Market to grow over 2017-2021 - Renault, PSA Group, Ford, Volkswagen

Commercial vehicles can be classified into two categories, namely light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). HCVs include all the vehicles with a gross weight of more than 3.5 tons, while LCVs include all the vehicles with a gross weight less than or equal to 3.5 tons. LCVs are primarily used to carry goods and for transporting people in short distances. These vehicles play a critical role in the final delivery of time-critical goods, high-value goods, and support services.

The light commercial vehicle market in Europe to grow at a CAGR of 3.57% during the period 2017-2021. The report covers the present scenario and the growth prospects of the light commercial vehicle market in Europe for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on geography:
- France
- Germany
- Turkey
- Uk
- Others

Technavio's report, Light Commercial Vehicle Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- Renault
- PSA Group
- Ford
- Volkswagen
- Fiat Chrysler Automobiles (FCA)

Other prominent vendors
- Daimler
- Toyota
- JAC
- PACCAR
- General Motors
- GAZ Group
- Hyundai Motor Company
- Isuzu Motors
- AVTO VAZ
- Tata Motors
- Nissan

Market driver
- Growth in construction industry and ecommerce to drive market demand for LCVs
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

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This release was published on openPR.