NEW YORK, Oct. 11, 2022 /PRNewswire/ — The “Light Commercial Vehicle Market by Type (Conventional fuel vehicles and Alternative fuel vehicles) and Geography (North America, APAC, Europe, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. The potential growth difference for the light commercial vehicle market size between 2021 and 2026 is 1436.98 thousand units. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report
Key Market Dynamics
Technavio has announced its latest market research report titled Global Light Commercial Vehicle Market 2022-2026
Market Driver: The rising penetration of downsized engines in LCVs will drive vehicle prices, which is propelling the growth of the light commercial vehicle (LCV) market. Vehicle manufacturers are developing downsized engine blocks to reduce curb weight, improve fuel efficiency, and avoid the formation of emissions. Most vehicle manufacturers equip turbochargers within diesel and gasoline engines to facilitate more air for combustion. Gasoline engine turbochargers are made of composite materials that can resist high operating temperatures produced at a high rate of rpm. In addition, their weight is significantly more than diesel engine turbochargers. Moreover, the increasing preference for fuel-efficient LCVs in China and India is expected to drive the growth of the turbocharged downsized engines market. These factors will compel LCV makers to use turbochargers in their gasoline and diesel LCV models.
Market Challenges: The implementation of fuel-efficiency standards, which results in high increased prices of LCVs, is hampering the growth of the light commercial vehicle (LCV) market. Vehicle manufacturers need to equip the engines of their vehicles with numerous parts of equipment to reduce the consumption of fuel. Moreover, the increase in the electrification of automotive components will lead to a significant rise in the prices of vehicles. Hence, the increase in the cost of LCVs will lead to a decline in sales of LCVs during the forecast period.
To learn about additional key drivers, trends, and challenges available with Technavio, View our FREE Sample Report right now!
Market Segmentation
By type, the conventional fuel vehicles segment will be the major contributor to market growth during the forecast period. The rising adoption of LCVs in the US and China will fuel the growth of the LCVs market during the forecast period. This is because of improved access to financing and growth of the small business sector, which includes retail, hospitality, e-commerce, and others. These factors have to an increase in the sales of LCVs, which will drive the growth of the conventional fuel vehicles segment during the forecast period.
By geography, North America will be the leading region with 50% of the market’s growth during the forecast period. The US is the key country for the light commercial vehicle market in North America.
View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report
Some Companies Mentioned
AMG Corp
Ashok Leyland Ltd
Cummins Inc.
Daimler Truck Holding AG
Ford Motor Co.
GAZ International LLC
General Motors Co
Honda Motor Co. Ltd
Hyundai Motor Co
Isuzu Motors Ltd
JAC Inc.
Kia Motors Corp
Mahindra and Mahindra Ltd.
Maruti Suzuki India Ltd.
Nissan Motor Co. Ltd.
Robert Bosch GmbH
Tata Motors Ltd
Toyota Motor Corp
Volkswagen AG
Want your report customized? Speak to an analyst and personalize your report according to your needs
Related Reports
Luxury SUV Market by Type and Geography – Forecast and Analysis 2022-2026: The luxury SUV market share is expected to increase by 1798.24 thousand units from 2021 to 2026.
Utility Vehicle Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026: The utility vehicle market share is expected to increase by 9300 thousand units from 2021 to 2026
|
Light Commercial Vehicle Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of over 1.5% |
|
Market growth 2022-2026 |
1436.98 th units |
|
Market structure |
Fragmented |
|
YoY growth (%) |
1.4 |
|
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 50% |
|
Key consumer countries |
US, Mexico, Canada, China, and Thailand |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Companies profiled |
AMG Corp, Ashok Leyland Ltd, Cummins Inc., Daimler Truck Holding AG, Ford Motor Co., GAZ International LLC, General Motors Co, Honda Motor Co. Ltd, Hyundai Motor Co, Isuzu Motors Ltd, JAC Inc., Kia Motors Corp, Mahindra and Mahindra Ltd., Maruti Suzuki India Ltd., Nissan Motor Co. Ltd., Robert Bosch GmbH, Tata Motors Ltd, Toyota Motor Corp, and Volkswagen AG |
|
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and 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. |
Browse Consumer Discretionary Market Reports
Key Topics Covered
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global – Market size and forecast 2021-2026 (thousand units)
Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 (thousand units)
Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Type
5.1 Market segments
Exhibit 24: Chart on Type – Market share 2021-2026 (%)
Exhibit 25: Data Table on Type – Market share 2021-2026 (%)
5.2 Comparison by Type
Exhibit 26: Chart on Comparison by Type
Exhibit 27: Data Table on Comparison by Type
5.3 Conventional fuel vehicles – Market size and forecast 2021-2026
Exhibit 28: Chart on Conventional fuel vehicles – Market size and forecast 2021-2026 (thousand units)
Exhibit 29: Data Table on Conventional fuel vehicles – Market size and forecast 2021-2026 (thousand units)
Exhibit 30: Chart on Conventional fuel vehicles – Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Conventional fuel vehicles – Year-over-year growth 2021-2026 (%)
5.4 Alternative fuel vehicles – Market size and forecast 2021-2026
Exhibit 32: Chart on Alternative fuel vehicles – Market size and forecast 2021-2026 (thousand units)
Exhibit 33: Data Table on Alternative fuel vehicles – Market size and forecast 2021-2026 (thousand units)
Exhibit 34: Chart on Alternative fuel vehicles – Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Alternative fuel vehicles – Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Type
Exhibit 36: Market opportunity by Type (thousand units)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 North America – Market size and forecast 2021-2026
Exhibit 42: Chart on North America – Market size and forecast 2021-2026 (thousand units)
Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 (thousand units)
Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
7.4 APAC – Market size and forecast 2021-2026
Exhibit 46: Chart on APAC – Market size and forecast 2021-2026 (thousand units)
Exhibit 47: Data Table on APAC – Market size and forecast 2021-2026 (thousand units)
Exhibit 48: Chart on APAC – Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on APAC – Year-over-year growth 2021-2026 (%)
7.5 Europe – Market size and forecast 2021-2026
Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 (thousand units)
Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 (thousand units)
Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
7.6 South America – Market size and forecast 2021-2026
Exhibit 54: Chart on South America – Market size and forecast 2021-2026 (thousand units)
Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 (thousand units)
Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa – Market size and forecast 2021-2026
Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 (thousand units)
Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 (thousand units)
Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
7.8 US – Market size and forecast 2021-2026
Exhibit 62: Chart on US – Market size and forecast 2021-2026 (thousand units)
Exhibit 63: Data Table on US – Market size and forecast 2021-2026 (thousand units)
Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
7.9 Mexico – Market size and forecast 2021-2026
Exhibit 66: Chart on Mexico – Market size and forecast 2021-2026 (thousand units)
Exhibit 67: Data Table on Mexico – Market size and forecast 2021-2026 (thousand units)
Exhibit 68: Chart on Mexico – Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Mexico – Year-over-year growth 2021-2026 (%)
7.10 China – Market size and forecast 2021-2026
Exhibit 70: Chart on China – Market size and forecast 2021-2026 (thousand units)
Exhibit 71: Data Table on China – Market size and forecast 2021-2026 (thousand units)
Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)
7.11 Thailand – Market size and forecast 2021-2026
Exhibit 74: Chart on Thailand – Market size and forecast 2021-2026 (thousand units)
Exhibit 75: Data Table on Thailand – Market size and forecast 2021-2026 (thousand units)
Exhibit 76: Chart on Thailand – Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Thailand – Year-over-year growth 2021-2026 (%)
7.12 Canada – Market size and forecast 2021-2026
Exhibit 78: Chart on Canada – Market size and forecast 2021-2026 (thousand units)
Exhibit 79: Data Table on Canada – Market size and forecast 2021-2026 (thousand units)
Exhibit 80: Chart on Canada – Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Canada – Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 82: Market opportunity by geography (thousand units)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 Ashok Leyland Ltd
Exhibit 89: Ashok Leyland Ltd – Overview
Exhibit 90: Ashok Leyland Ltd – Product / Service
Exhibit 91: Ashok Leyland Ltd – Key offerings
10.4 Daimler Truck Holding AG
Exhibit 92: Daimler Truck Holding AG – Overview
Exhibit 93: Daimler Truck Holding AG – Business segments
Exhibit 94: Daimler Truck Holding AG – Key offerings
Exhibit 95: Daimler Truck Holding AG – Segment focus
10.5 Ford Motor Co.
Exhibit 96: Ford Motor Co. – Overview
Exhibit 97: Ford Motor Co. – Business segments
Exhibit 98: Ford Motor Co. – Key news
Exhibit 99: Ford Motor Co. – Key offerings
Exhibit 100: Ford Motor Co. – Segment focus
10.6 Honda Motor Co. Ltd
Exhibit 101: Honda Motor Co. Ltd – Overview
Exhibit 102: Honda Motor Co. Ltd – Business segments
Exhibit 103: Honda Motor Co. Ltd – Key news
Exhibit 104: Honda Motor Co. Ltd – Key offerings
Exhibit 105: Honda Motor Co. Ltd – Segment focus
10.7 Hyundai Motor Co
Exhibit 106: Hyundai Motor Co – Overview
Exhibit 107: Hyundai Motor Co – Business segments
Exhibit 108: Hyundai Motor Co – Key news
Exhibit 109: Hyundai Motor Co – Key offerings
Exhibit 110: Hyundai Motor Co – Segment focus
10.8 Isuzu Motors Ltd
Exhibit 111: Isuzu Motors Ltd – Overview
Exhibit 112: Isuzu Motors Ltd – Product / Service
Exhibit 113: Isuzu Motors Ltd – Key offerings
10.9 Robert Bosch GmbH
Exhibit 114: Robert Bosch GmbH – Overview
Exhibit 115: Robert Bosch GmbH – Business segments
Exhibit 116: Robert Bosch GmbH – Key news
Exhibit 117: Robert Bosch GmbH – Key offerings
Exhibit 118: Robert Bosch GmbH – Segment focus
10.10 Tata Motors Ltd
Exhibit 119: Tata Motors Ltd – Overview
Exhibit 120: Tata Motors Ltd – Business segments
Exhibit 121: Tata Motors Ltd – Key news
Exhibit 122: Tata Motors Ltd – Key offerings
Exhibit 123: Tata Motors Ltd – Segment focus
10.11 Toyota Motor Corp
Exhibit 124: Toyota Motor Corp – Overview
Exhibit 125: Toyota Motor Corp – Business segments
Exhibit 126: Toyota Motor Corp – Key news
Exhibit 127: Toyota Motor Corp – Key offerings
Exhibit 128: Toyota Motor Corp – Segment focus
10.12 Volkswagen AG
Exhibit 129: Volkswagen AG – Overview
Exhibit 130: Volkswagen AG – Business segments
Exhibit 131: Volkswagen AG – Key offerings
Exhibit 132: Volkswagen AG – Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 133: Inclusions checklist
Exhibit 134: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 135: Currency conversion rates for US$
11.4 Research methodology
Exhibit 136: Research methodology
Exhibit 137: Validation techniques employed for market sizing
Exhibit 138: Information sources
11.5 List of abbreviations
Exhibit 139: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/
SOURCE Technavio