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Light Commercial Vehicles Market is expected to reach at a CAGR of 4.5% by 2025 | Global Industry analysis by Major Companies (Harman International Industries, Argus Cyber Security)

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Chaitali Mahajan
Light Commercial Vehicles Market is expected to reach at a CAGR of 4.5% by 2025 | Global Industry analysis by Major Companies (Harman International Industries, Argus Cyber Security)

The global light commercial vehicles market is growing rapidly, mainly due to the stringent government norms related to emissions. Besides, the rise in the global oil prices and rising penetration of downsized engines in electric light commercial vehicles (LCVs) drive the growth of the market. The proliferation of electric automobiles/EVs creates investment opportunities for manufacturers. Moreover, the demand for LCVs escalates the growth of the market. 

According to Market Research Future (MRFR), the global light commercial vehicles market is projected to grow at approximately 4.5% CAGR during the anticipated period (2019 – 2025). The LCV segment holds enormous potential for the recovery of the commercial vehicle industries.  The LCV industry is to account for over 40% of sales volume in FY20, growing continually during the years to come. The market is to witness increasing product launches, which would expand the customer base looking for quality and profitability.

Global LCV Market – Competitive Analysis 

Highly competitive, the light commercial vehicles market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players initiate strategic approaches such as mergers & acquisitions, innovation, brand reinforcement, and expansion. Industry players strive to offer an extended range of heavy-duty LCVs. Due to the expected innovations and improvements in product, service, and product innovations, the market is soon expected to witness an intensified competition. 

Light Commercial Vehicles Market@ http://heraldkeeper.com/featured/light-commercial-vehicles-market-is-expected-to-reach-at-a-cagr-of-4-5-by-2025-global-industry-analysis-by-major-companies-harman-international-industries-argus-cyber-security-578612.html

Major Players:      

Players leading the global LCV market include Volvo Group (Sweden), Daimler AG (Germany), Dongfeng Motor Corporation (China), Tata Group (India), Volkswagen Group (Germany), Ford Motor Company (US), General Motors (US), Groupe PSA (France), Groupe Renault (France), and Hyundai Motor Company (South Korea), among others. 

Global Light Commercial Vehicles Market – Segments 

The report is segmented into three dynamics; 

By Type               : Trucks, Vans, Buses, Coaches, and others. 

By Fuel Type:  Diesel, Gasoline, and Electric.

By Region    : North America, Europe, APAC, and the Rest-of-the-World.

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Global Light Commercial Vehicles Market – Regional Analysis 

North America leads the global light commercial vehicles market. The largest market share attributes to the rapidly growing electric vehicle industry in the region. The spurring demand for lightweight energy-efficient automobiles in the region fuels the sales in the market. Besides, e-commerce in the region drives market growth, leading to the strong growth of the transportation industry. The North American LCV market is projected to retain its dominance throughout the estimated period.  

The Asia Pacific region stands second in the global light commercial vehicle market. The market is especially driven by stringent government regulations for emissions from commercial vehicles. Additionally, rising demand for lightweight fuel-saving commercial vehicles accelerates the sales in the regional market. The rising automotive production in the already burgeoning automotive industry and the availability of innovative technologies foster the market growth in the region. 

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
  9. Vendor Matrix
  10. Company Profiles
  11. Business Overview
  12. Financial Data
  13. Product Landscape

More…

If you have any requirements, let know and we will customize the report according to your need.

Get More Information: https://www.marketresearchfuture.com/reports/light-commercial-vehicles-market-7726

About Us:

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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Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

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