Global Light and Medium Commercial Vehicle Market 2019-2023
- Published: Nov 2018
- Pages: 106
- SKU: IRTNTR30194
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Technavio’s market research analysts have predicted that the light and medium commercial vehicle market will register a CAGR of close to 6% by 2023. This industry research report presents a detailed analysis of the light and medium commercial vehicle market by the following applications: LCVs and MCVs. The report also presents an analysis of the market’s growth across the Americas, APAC, and EMEA.
Global Light and Medium Commercial Vehicle Industry Overview
Earlier, the penetration of pick-up trucks in the LCV markets in emerging countries like China and India was low, due to poor acceptance of their design among the end-users and high fuel consumption. High-powered engines of pick-up trucks produce considerable amounts of emissions; hence, countries like China banned the sales of pick-up trucks in the early 2000s. Nevertheless, China removed the ban on sales of pick-up trucks in 2016. This, in turn, increased exports of pick-up trucks to China. For example, post the removal of ban on sales of pick-up trucks in China, General Motors started exporting Silverado and Colorado pick-up trucks to China in 2017. Isuzu D-Max is the first pick-up truck to be launched in India in 2016. The vehicle is equipped with a 2.5 liter four-cylinder turbocharged diesel engine. Other pick-up trucks launched in India were Mahindra Bolero Camper, Tata Xenon XT, Mahindra Scorpio Getaway, and Mahindra Imperio. Thus, the increasing penetration of the pick-up trucks in emerging countries such as China and India will drive the global light and medium commercial vehicle market growth during the forecast period.
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Companies covered
The light and medium commercial vehicle market is fragmented since the market has a number of companies. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this light and medium commercial vehicle industry analysis report will aid clients identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of light and medium commercial vehicle manufacturers including:
- Daimler
- Ford Motor
- Hyundai Motor
- Toyota Motor
- Volkswagen
Light and medium commercial vehicle market growth based on geographic region:
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies across the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the Americas will contribute to the highest share of this light and medium commercial vehicle market throughout the predicted period. However, countries in APAC will register the highest growth rate throughout the forecast period.
Light and medium commercial vehicle market growth based on vehicle-type
- LCVs
- MCVs
According to our market research experts, the LCVs segment will account for the maximum share of the market. Additionally, the report also provides an accurate prediction of the contribution of the various vehicle-type segments to the growth of the light and medium commercial vehicle market size.
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Key highlights of the global light and medium commercial vehicle market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the light and medium commercial vehicle market during the next five years
- Precise estimation of the global light and medium commercial vehicle market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the light and medium commercial vehicle industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of light and medium commercial vehicle companies
This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global light and medium commercial vehicle market and its stakeholders over the forecast years. The global light and medium commercial vehicle market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact light and medium commercial vehicle market size till 2023.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: CUSTOMER LANDSCAPE
PART 07: MARKET SEGMENTATION BY VEHICLE TYPE
- Market segmentation by vehicle type
- Comparison by vehicle type
- LCVs - Market size and forecast 2018-2023
- MCVs - Market size and forecast 2018-2023
- Market opportunity by vehicle type
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Americas - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Daimler
- Ford Motor
- Hyundai Motor
- Toyota Motor
- Volkswagen
PART 14: APPENDIX
- Research methodology
- List of abbreviations
PART 15: EXPLORE TECHNAVIO
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
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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