Light and Medium Commercial Vehicle Market | Engine Downsizing to Boost Growth

Posted by sarahbennu on March 20th, 2020

The light and medium commercial vehicle market and it is poised to grow by 7.2 mn units during 2019-2023, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. 

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Engine downsizing will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Engine downsizing has been instrumental in driving the growth of the market.

Light and Medium Commercial Vehicle Market 2019-2023: Segmentation

Light and Medium Commercial Vehicle Market is segmented as below:

Type

• LCVs
• MCVs

Geographic Segmentation

• Americas
• APAC
• EMEA

Light and Medium Commercial Vehicle Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our light and medium commercial vehicle market report covers the following areas:

• Light and Medium Commercial Vehicle Market Size
• Light and Medium Commercial Vehicle Market Trends
• Light and Medium Commercial Vehicle Market Industry Analysis

This study identifies increasing popularity of electric LCVs for facilitating last-mile connectivity as one of the prime reasons driving the light and medium commercial vehicle market growth during the next few years.

Light and Medium Commercial Vehicle Market 2019-2023: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the light and medium commercial vehicle market, including some of the vendors such as Daimler, Ford Motor, Hyundai Motor, Toyota Motor and Volkswagen. Backed with competitive intelligence and benchmarking, our research reports on the light and medium commercial vehicle market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Light and Medium Commercial Vehicle Market 2019-2023: Key Highlights

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist light and medium commercial vehicle market growth during the next five years
• Estimation of the light and medium commercial vehicle market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behaviour
• The growth of the light and medium commercial vehicle market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of light and medium commercial vehicle market vendors