Light Commercial Vehicle Market is expected to grow at a CAGR of 5.3% throughout the forecast period, to reach US$ 736.94 Bn. by 2029.
Light Commercial Vehicle Market Report Scope and Research Methodology
The report delves into the categorization of Light Commercial Vehicles market as N1 vehicles, used for last-mile goods connectivity in India, Europe, and Japan. Additionally, M2 vehicles, passenger vehicles with more than nine seats and a gross vehicle weight less than 5,000 kg, are analyzed. It’s important to note that there are currently no fuel consumption regulations for these vehicle segments in India.
The report offers an extensive analysis of the Light Commercial Vehicle market, considering factors like engine size, curb weight, power, engine displacement, power-to-weight ratio, Carbon Dioxide emissions, and vehicle size. Key findings from the analysis include:
Tata Motors leading in mini truck sales at 70%, followed by Ashok Leyland, while Mahindra takes the lead in pickup truck sales.
89% of Light Commercial Vehicles in the fleet were diesel-powered, with 11% running on CNG.
Fleet average emissions were recorded at 157.6 g/km for FY 2014-15, with Isuzu having the highest emitting vehicles at 200 g/km.
Isuzu boasted the largest engine size at 2.5 liters, while Piaggio and Tata had the smallest engine sizes at 800 cc and 1 liter, respectively.
The average curb weight of Indian Light Commercial Vehicles was 1,299 kg for FY 2014-15, with Isuzu having the heaviest vehicles at 1,645 kg and Piaggio the lightest at 706 kg.
The fleet average power for FY 2014-15 was 33 kW, with Isuzu leading at 100 kW.
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Light Commercial Vehicle Market Dynamics:
The report highlights key drivers fueling the growth of the Light Commercial Vehicle market, including rising demand in North America, India, Latin America, Japan, China, Japan, and Korea, particularly in the pickup and light-duty truck segments. The increasing demand for electric light-duty trucks, driven by government regulations, rising oil prices, and incentives for electric vehicles, is also a significant driver.
The report identifies challenges and restraints faced by the market, such as varying regulations in different regions and the absence of fuel consumption regulations for specific vehicle segments in India.
Light Commercial Vehicle Market Regional Insights:
Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific took the lead in 2022 and is anticipated to maintain this position, with substantial growth expected by the end of 2029.
In conclusion, Maximize Market Research Pvt Ltd’s report on the Light Commercial Vehicle Market offers a comprehensive analysis of this dynamic industry. It provides valuable insights for stakeholders, industry leaders, and decision-makers to make informed choices in this evolving market. The report’s detailed examination of market dynamics, competitive analysis, and regional insights make it an essential resource for investors and industry professionals.
Light Commercial Vehicle Market Segmentation:
The report segments the market by Vehicle Type, including Passenger Van, Cargo Van, Pickup Truck, and Truck & Mini Bus. The Truck & Mini Bus segment emerged as the leader in the Light Commercial Vehicle market in 2021 and is expected to generate significant market revenue by 2029, with a projected CAGR.
by Vehicle Type
Passenger Van
Cargo Van
Pickup Truck
Truck & Mini Bus
by Tonnage Capacity
Below 2.5-3.5 tons
3.5-6 tons
6-7.5 tons
by Fuel Type
Diesel
Petrol
Others
Light Commercial Vehicle Market Key Players:
1. Ashok Leyland Limited
2. Force Motors Limited
3. Mahindra & Mahindra Limited
4. SML Isuzu Limited
5. Tata Motors Limited
6. VE Commercial Vehicles Limited
7. Daimler India Commercial Vehicles Private Limited
8. Piaggio Vehicles Private Limited
9. Scania Commercial Vehicles India Private Limited
10. GMC
11. Benz
12. Honda
13. Toyota
14. Nissan
15. Buick
16. Volkswagen
17. Ford
18. Chrysler
19. Gaz Group
20. General Motors
21. Honda Motor Company
22. Hyundai Motor Company
23. Isuzu Motors
24. Renault Group
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Table of content for the Light Commercial Vehicle Market includes:
- Global Light Commercial Vehicle Market: Research Methodology
- Global Light Commercial Vehicle Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
3.Global Light Commercial Vehicle Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
4 . Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape (2022 to 2029)
- Past Pricing and price curve by region (2022 to 2029)
- Market Size, Share, Size and Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by growth and trend
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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