Europe - Light Commercial Vehicle (LCV) Market by Type and Vehicle Type - Forecast and Analysis 2023-2027
| Published: Sep 2023 | Pages: 148 | SKU: IRTNTR76450 |
Europe - Light Commercial Vehicle (LCV) Market
The Europe - Light Commercial Vehicle (LCV) Market size is estimated to grow at a CAGR of 6.86% between 2022 and 2027. The market size is forecast to increase by USD 22.43 billion. The growth of the market depends on several factors such as increased utility of pickup trucks, rising penetration of downsized engines in light commercial vehicles to drive vehicle price and increasing penetration of advanced driver assistance features in light commercial vehicles.
This Europe light commercial vehicle market report extensively covers market segmentation by type (conventional fuel vehicles and alternative fuel vehicles), and vehicle type (light commercial pick-up trucks and light commercial vans) It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
What will be the size of the Europe Light Commercial Vehicle Market During the Forecast Period?
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Europe Light Commercial Vehicle Market: Key Drivers, Trends and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Europe Light Commercial Vehicle Market Driver
Increased utility of pickup trucks is notably driving the market growth. Pickup trucks are becoming more popular than sedans and hatchbacks due to their higher value proposition. The increased trunk capacity and towing capability of pickup trucks make them suitable for both commercial and non-commercial purposes, which has resulted in a growing demand for them in Europe. To capitalize on this trend, vehicle makers are implementing various refinements to increase their fuel efficiency. Additionally, pickup trucks are now being equipped with plush interiors to provide a premium feel to passengers. This has also contributed to the growing preference for pickup trucks by families looking for a comfortable or daily commute family car in Europe.
For example, the Honda Ridgeline, a highly popular compact pickup, offers seven trim levels with distinct interiors lined with soft-touch materials in Europe. This makes it an ideal family car instead of a rugged-looking work vehicle and also results in the Europe - light commercial vehicle (LCV) market expansion. Such factors are expected to drive the growth of the light commercial vehicle market in Europe during the forecast period
Key Europe Light Commercial Vehicle Market In Europe Trends
Integration of telematics systems in light commercial vehicles is an emerging trend shaping the market growth. Telematics is a field that combines telecommunication, electrical engineering, road transportation, and vehicular technologies. The integration of telematics offers numerous benefits to various stakeholders, such as vehicle owners, fleet operators, and insurance providers. Telematics systems are increasingly being installed in light commercial vehicles to improve their efficiency by monitoring their location and movement. The use of the Global Positioning System (GPS) and integrated global system for mobile communication (GSM) as part of telematics in light commercial vehicles provides accurate and real-time information regarding their location and movements.
Moreover, to cater to the growing demand, third-party telematics companies have started offering telematics packages customized for light commercial vehicles, such as the WEBFLEET package for light commercial vehicles developed by TomTom Telematics. This package helps fleet managers maintain an online track record of tours done by the vehicle, miles travelled, fuel consumed, and maintenance cycles. All of these factors contribute to the growth of the light commercial vehicle market in Europe during the forecast period.
Major Europe Light Commercial Vehicle Market Challenge
The high manufacturing cost of light commercial vehicles is a significant challenge hindering market growth. Manufacturing light commercial vehicles is a capital-intensive process owing to the need for high-precision components such as braking systems, axles, suspension systems, and hauling and steering cylinders. Additionally, the prices of raw materials such as stainless steel, hardened steel, cast iron, and other metal alloys fluctuate constantly. The adoption of newer technologies would also increase manufacturing costs. Furthermore, light commercial vehicles require continuous maintenance and repairs, which in turn increases the total cost of ownership.
Similarly, regulations on fuel emissions and the efficiency of light commercial vehicles are pushing OEMs to install advanced technologies, further increasing the manufacturing cost. Such increased costs are passed on to customers, which slows down the sales of new light commercial vehicles and also restricts the Europe - light commercial vehicle (LCV) market growth. These factors pose a challenge to the growth of light commercial vehicles and negatively impact the market's growth during the forecast period
Europe Light Commercial Vehicle Market Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Europe Light Commercial Vehicle Market Customer Landscape
Who are the Major Europe Light Commercial Vehicle Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ford Motor Co. - The company offers light commercial vehicles such as Maverick, Ranger, and F 150.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
- GAZ International LLC
- General Motors Co.
- Hyundai Motor Co.
- Isuzu Motors Ltd.
- Iveco Group N.V
- Mercedes Benz Group AG
- Mitsubishi Motors Corp.
- PACCAR Inc.
- Renault SAS
- Robert Bosch GmbH
- Stellantis NV
- Tesla Inc.
- Toyota Motor Corp.
- Volkswagen AG
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
What are the Largest-Growing Segments in the Europe Light Commercial Vehicle Market?
The conventional fuel vehicles segment is estimated to witness significant growth during the forecast period. The majority of the Europe - light commercial vehicle (LCV) market was penetrated by diesel and gasoline engines. Increased preference for gasoline and diesel pickup trucks in the region is driving the conventional fuel segment of the Europe - LCV market.
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The conventional fuel vehicles segment was the largest segment and was valued at USD 40.96 billion in 2017. Rising demand for commercial vans is another factor driving the conventional fuel vehicles segment of the Europe - LCV market. The adoption of light commercial vehicles in Europe is positively correlated to the growth of small businesses. Currently, due to the growth in GDP and a strong domestic manufacturing market, small businesses in China are experiencing a significant boom. It is expected that the rising adoption of light commercial vehicles in Europe will drive the Europe - light commercial vehicle market growth. This is due to better access to financing and growth in the small business sector, which includes hospitality, retail, e-commerce, and other industries, that have increased the sales of Europe - LCV market in countries such as France, the UK, and Germany. Such factors will fuel the conventional fuel vehicles segment in the light commercial vehicle market in Europe during the forecast period.
Segment Overview
The Europe light commercial vehicle market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Type Outlook (USD Billion, 2017 - 2027)
- Conventional fuel vehicles
- Alternative fuel vehicles
- Vehicle Type Outlook (USD Billion, 2017 - 2027)
- Light commercial pick-up trucks
- Light commercial vans
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Europe Light Commercial Vehicle Market Scope |
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Report Coverage |
Details |
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Page number |
148 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.86% |
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Market growth 2023-2027 |
USD 22.43 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.22 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ford Motor Co., GAZ International LLC, General Motors Co., Hyundai Motor Co., Isuzu Motors Ltd., Iveco Group N.V, Mercedes Benz Group AG, Mitsubishi Motors Corp., PACCAR Inc., Renault SAS, Robert Bosch GmbH, Stellantis NV, Tesla Inc., Toyota Motor Corp., Volkswagen AG, Volvo Car Corp., and Suzuki Motor Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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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. |
What are the Key Data Covered in this Europe Light Commercial Vehicle Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across Europe
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
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 Country 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 Market Segmentation by Vehicle Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Europe: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)
4 Historic Market Size
- 4.1 Light commercial vehicle market in Europe 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on light commercial vehicle market in Europe 2017 - 2021 ($ billion)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
- 4.3 Vehicle Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Vehicle Type Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 29: Chart on Type - Market share 2022-2027 (%)
- Exhibit 30: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 31: Chart on Comparison by Type
- Exhibit 32: Data Table on Comparison by Type
- 6.3 Conventional fuel vehicles - Market size and forecast 2022-2027
- Exhibit 33: Chart on Conventional fuel vehicles - Market size and forecast 2022-2027 ($ billion)
- Exhibit 34: Data Table on Conventional fuel vehicles - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Chart on Conventional fuel vehicles - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Conventional fuel vehicles - Year-over-year growth 2022-2027 (%)
- 6.4 Alternative fuel vehicles - Market size and forecast 2022-2027
- Exhibit 37: Chart on Alternative fuel vehicles - Market size and forecast 2022-2027 ($ billion)
- Exhibit 38: Data Table on Alternative fuel vehicles - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Chart on Alternative fuel vehicles - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Alternative fuel vehicles - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Type
- Exhibit 41: Market opportunity by Type ($ billion)
- Exhibit 42: Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by Vehicle Type
- 7.1 Market segments
- Exhibit 43: Chart on Vehicle Type - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Vehicle Type - Market share 2022-2027 (%)
- 7.2 Comparison by Vehicle Type
- Exhibit 45: Chart on Comparison by Vehicle Type
- Exhibit 46: Data Table on Comparison by Vehicle Type
- 7.3 Light commercial pick-up trucks - Market size and forecast 2022-2027
- Exhibit 47: Chart on Light commercial pick-up trucks - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on Light commercial pick-up trucks - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on Light commercial pick-up trucks - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Light commercial pick-up trucks - Year-over-year growth 2022-2027 (%)
- 7.4 Light commercial vans - Market size and forecast 2022-2027
- Exhibit 51: Chart on Light commercial vans - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Light commercial vans - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Light commercial vans - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Light commercial vans - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Vehicle Type
- Exhibit 55: Market opportunity by Vehicle Type ($ billion)
- Exhibit 56: Data Table on Market opportunity by Vehicle Type ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 58: Chart on Market share by geography - 2022-2027 (%)
- Exhibit 59: Data Table on Market share by geography - 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 60: Chart on Geographic comparison
- Exhibit 61: Data Table on Geographic comparison
- 9.3 France - Market size and forecast 2022-2027
- Exhibit 62: Chart on France - Market size and forecast 2022-2027 ($ billion)
- Exhibit 63: Data Table on France - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 65: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.4 UK - Market size and forecast 2022-2027
- Exhibit 66: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 67: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 69: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.5 Germany - Market size and forecast 2022-2027
- Exhibit 70: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 72: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.6 Spain - Market size and forecast 2022-2027
- Exhibit 74: Chart on Spain - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Data Table on Spain - Market size and forecast 2022-2027 ($ billion)
- Exhibit 76: Chart on Spain - Year-over-year growth 2022-2027 (%)
- Exhibit 77: Data Table on Spain - Year-over-year growth 2022-2027 (%)
- 9.7 Rest of Europe - Market size and forecast 2022-2027
- Exhibit 78: Chart on Rest of Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Data Table on Rest of Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 80: Chart on Rest of Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 81: Data Table on Rest of Europe - Year-over-year growth 2022-2027 (%)
- 9.8 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
- Exhibit 83: Data Table on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 84: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 85: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 86: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 87: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 88: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 89: Matrix on vendor position and classification
- 12.3 Ford Motor Co.
- Exhibit 90: Ford Motor Co. - Overview
- Exhibit 91: Ford Motor Co. - Business segments
- Exhibit 92: Ford Motor Co. - Key news
- Exhibit 93: Ford Motor Co. - Key offerings
- Exhibit 94: Ford Motor Co. - Segment focus
- 12.4 General Motors Co.
- Exhibit 95: General Motors Co. - Overview
- Exhibit 96: General Motors Co. - Business segments
- Exhibit 97: General Motors Co. - Key news
- Exhibit 98: General Motors Co. - Key offerings
- Exhibit 99: General Motors Co. - Segment focus
- 12.5 Hyundai Motor Co.
- Exhibit 100: Hyundai Motor Co. - Overview
- Exhibit 101: Hyundai Motor Co. - Business segments
- Exhibit 102: Hyundai Motor Co. - Key news
- Exhibit 103: Hyundai Motor Co. - Key offerings
- Exhibit 104: Hyundai Motor Co. - Segment focus
- 12.6 Isuzu Motors Ltd.
- Exhibit 105: Isuzu Motors Ltd. - Overview
- Exhibit 106: Isuzu Motors Ltd. - Product / Service
- Exhibit 107: Isuzu Motors Ltd. - Key offerings
- 12.7 Iveco Group N.V
- Exhibit 108: Iveco Group N.V - Overview
- Exhibit 109: Iveco Group N.V - Business segments
- Exhibit 110: Iveco Group N.V - Key offerings
- Exhibit 111: Iveco Group N.V - Segment focus
- 12.8 Mercedes Benz Group AG
- Exhibit 112: Mercedes Benz Group AG - Overview
- Exhibit 113: Mercedes Benz Group AG - Product / Service
- Exhibit 114: Mercedes Benz Group AG - Key offerings
- 12.9 Mitsubishi Motors Corp.
- Exhibit 115: Mitsubishi Motors Corp. - Overview
- Exhibit 116: Mitsubishi Motors Corp. - Business segments
- Exhibit 117: Mitsubishi Motors Corp. - Key offerings
- Exhibit 118: Mitsubishi Motors Corp. - Segment focus
- 12.10 PACCAR Inc.
- Exhibit 119: PACCAR Inc. - Overview
- Exhibit 120: PACCAR Inc. - Business segments
- Exhibit 121: PACCAR Inc. - Key news
- Exhibit 122: PACCAR Inc. - Key offerings
- Exhibit 123: PACCAR Inc. - Segment focus
- 12.11 Renault SAS
- Exhibit 124: Renault SAS - Overview
- Exhibit 125: Renault SAS - Product / Service
- Exhibit 126: Renault SAS - Key offerings
- 12.12 Robert Bosch GmbH
- Exhibit 127: Robert Bosch GmbH - Overview
- Exhibit 128: Robert Bosch GmbH - Business segments
- Exhibit 129: Robert Bosch GmbH - Key news
- Exhibit 130: Robert Bosch GmbH - Key offerings
- Exhibit 131: Robert Bosch GmbH - Segment focus
- 12.13 Stellantis NV
- Exhibit 132: Stellantis NV - Overview
- Exhibit 133: Stellantis NV - Business segments
- Exhibit 134: Stellantis NV - Key news
- Exhibit 135: Stellantis NV - Key offerings
- Exhibit 136: Stellantis NV - Segment focus
- 12.14 Tesla Inc.
- Exhibit 137: Tesla Inc. - Overview
- Exhibit 138: Tesla Inc. - Business segments
- Exhibit 139: Tesla Inc. - Key news
- Exhibit 140: Tesla Inc. - Key offerings
- Exhibit 141: Tesla Inc. - Segment focus
- 12.15 Toyota Motor Corp.
- Exhibit 142: Toyota Motor Corp. - Overview
- Exhibit 143: Toyota Motor Corp. - Business segments
- Exhibit 144: Toyota Motor Corp. - Key offerings
- Exhibit 145: Toyota Motor Corp. - Segment focus
- 12.16 Volkswagen AG
- Exhibit 146: Volkswagen AG - Overview
- Exhibit 147: Volkswagen AG - Business segments
- Exhibit 148: Volkswagen AG - Key offerings
- Exhibit 149: Volkswagen AG - Segment focus
- 12.17 Volvo Car Corp.
- Exhibit 150: Volvo Car Corp. - Overview
- Exhibit 151: Volvo Car Corp. - Product / Service
- Exhibit 152: Volvo Car Corp. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 153: Inclusions checklist
- Exhibit 154: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 155: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 156: Research methodology
- Exhibit 157: Validation techniques employed for market sizing
- Exhibit 158: Information sources
- 13.5 List of abbreviations
- Exhibit 159: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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light commercial vehicle market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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