Market Research Future (MRFR) reveals different controlling
forces of the Global Light Commercial Vehicles Market 2020 and their impact on
the market, in its newly published report. As per MRFR analysis, the light
commercial vehicle market can thrive at the 4.5% CAGR through the study period 2019 to 2025. By 2025, the Light Commercial Vehicles Market value can
touch a considerable amount states MRFR analysis.
Market Highlights
The surge in demand for electric light duty trucks across
different regions of the globe due to strict emission regulations imposed by
governments is observed to boost light commercial vehicles. This is expected to
impel the expansion of the electric commercial vehicle market in the years to
come. In addition, the rise in oil price is noted to boost the sales of light
commercial vehicle, which, in turn, can impel the expansion of the light
commercial vehicle global market across the review period. In addition,
initiatives by different governments to introduce affordable and effective
eLCVs can impel the expansion of the market in the years to come. The increase
in LCVs for commercial applications, such as carrying good and passengers can
bolster the expansion of the market through the review period. The growing
utility of vans, utility vehicles, goods carrying vans, buses, and light trucks
can also impel the expansion of the light commercial vehicles.
Key Players
Volvo Group (Sweden), Daimler AG (Germany), Volkswagen Group
(Germany), Dongfeng Motor Corporation (China), Ford Motor Company (US), Tata
Group (India), Groupe PSA (France), Hyundai Motor Company (South Korea),
General Motors (US), and Groupe Renault (France) are some reputed players
operating in the light commercial vehicles market that are profiled by
MRFR.
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Segment Analysis
The segment assessment of the global light commercial
vehicles market is done by fuel type and type.
The type based segments of the light commercial vehicles
market are vans, trucks, buses, and coaches among others. The trucks segment
can thrive at the highest growth rate due to increase in the demand for trucks
for commercial purposes. The van segment is likely to stir up high revenue for
the global market in the years ahead.
The fuel type based segments of the light commercial vehicles
are electric, diesel, and gasoline. The rise in preference for diesel light
commercial vehicles, following electric LCVs can impel the expansion of the
market in the forecast period.
Regional Study
Trends of the light commercial vehicles market is studied
across North America, EU, MEA, and Asia Pacific, following the Rest of the
World. North America light commercial market is expected to thrive in the years
to come due to the expansion of the automobile sector across the analysis
period. In Europe, the light commercial vehicle market can rise in the forecast
period due to the development of the regional domestic e-commerce sector, following
the expansion of the transportation industry across the study period. In APAC,
the expansion of the light commercial vehicle market can be attribute to the
considerable surge in the automobile production.
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
Continued…
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requirements, let know and we will customize the report according to your need.
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Information: https://www.marketresearchfuture.com/reports/light-commercial-vehicles-market-7726
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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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