Global Light Commercial Vehicle Market to grow at a CAGR of 0.96% during 2017-2021 - Ford Motor Company, Groupe PSA, Renault

Light commercial vehicle (LCV) is a commercial carrier of people and goods, which approximately comes under 8-ton category. Commercial vehicle manufacturers focus on launching newer models that are compliant with the latest emissions regulations to maintain good business profits. Rising air pollution levels are causing governing bodies to upgrade vehicular emissions regulations for commercial vehicles on intervals less than a year. Vehicle manufacturers are constricting the production of newer commercial vehicle models to allow the produced stock of commercial vehicles to be sold off before the implementation of upgraded emission norms. LCVs include light pickup trucks used for distribution and transportation of goods, especially in stop-and-go traffic, and for light construction and municipal applications.

The global light commercial vehicle market to grow at a CAGR of 0.96% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global light commercial vehicle market for 2017-2021. To calculate the market size, the report considers the production volume.

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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Technavio's report, Global Light Commercial Vehicle Market 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
- Ford Motor Company
- Groupe PSA
- Renault

Other prominent vendors
- Anhui Jianghuai Automobile
- Ashok Leyland
- AVTOVAZ
- Toyota Motor Corporation
- GAZ Group
- General Motors
- Honda Motor Company
- Hyundai Motor Company
- ISUZU MOTORS
- Mitsubishi Motors
- Opel
- PACCAR
- Tata Motors

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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