Global Light Commercial Vehicle Market 2017-2021




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About Light Commercial Vehicle

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.

Technavios analysts forecast the global light commercial vehicle market to grow at a CAGR of 0.96% during the period 2017-2021.

Covered in this report
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.

The market is divided into the following segments based on geography:

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.

Key vendors
Ford Motor Company
Groupe PSA

Other prominent vendors
Anhui Jianghuai Automobile
Ashok Leyland
Toyota Motor Corporation
GAZ Group
General Motors
Honda Motor Company
Hyundai Motor Company
Mitsubishi Motors
Tata Motors
Market driver
Rising penetration of downsized engines in LCVs to drive vehicle price
For a full, detailed list, view our report

Market challenge
Implementation of fuel-efficiency standards will result in increased prices of LCVs
For a full, detailed list, view our report

Market trend
Electric LCVs used for facilitating last-mile connectivity
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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