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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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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:
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.
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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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
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: CUSTOMER LANDSCAPE
PART 07: MARKET SEGMENTATION BY VEHICLE TYPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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