1.20 Mn Units growth in Light Commercial Vehicle Market 2021-2025 | Market Size, Share, Trends, and Forecast | Technavio

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NEW YORK, Oct. 22, 2021 /PRNewswire/ -- The light commercial vehicle market size is set to grow by 1.20 million units from 2021 to 2025. However, the growth momentum is expected to decelerate at a CAGR of over 1% over the forecast period.

Attractive Opportunities in Light Commercial Vehicle Market by Type and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Light Commercial Vehicle Market by Type and Geography - Forecast and Analysis 2021-2025

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The report on the light commercial vehicle market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

Technavio analyzes the market by Type (Conventional fuel vehicles and Alternative fuel vehicles) and Geography (North America, APAC, Europe, South America, and MEA). The growth in the global construction industry and online retail sales is expected to have a positive impact on the growth of the light commercial vehicle market during the forecast period.

Also, this study identifies the rising penetration of downsized engines in LCVs as one of the prime reasons driving the light commercial vehicle market growth during the next few years.

This report presents a detailed picture of the light commercial vehicle market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The light commercial vehicle market covers the following areas:

Light Commercial Vehicle Market Sizing
Light Commercial Vehicle Market Forecast
Light Commercial Vehicle Market Analysis

Companies Mentioned

  • Daimler AG

  • Ford Motor Co.

  • General Motors Co.

  • Groupe PSA

  • Hinduja Group Ltd.

  • Hyundai Motor Co.

  • Mahindra & Mahindra Ltd.

  • Renault SA

  • Tata Motors Ltd.

  • Toyota Motor Corp.

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Light Commercial Vehicle Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of over 1%

Market growth 2021-2025

1.20 mn units

Market structure

Fragmented

YoY growth (%)

1.98

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 49%

Key consumer countries

US, China, Mexico, Canada, and Thailand

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Daimler AG, Ford Motor Co., General Motors Co., Groupe PSA, Hinduja Group Ltd., Hyundai Motor Co., Mahindra & Mahindra Ltd., Renault SA, Tata Motors Ltd., and Toyota Motor Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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