Light Commercial Vehicle Market – Global Industry Analysis and Forecast (2023-2029)

Light Commercial Vehicle Market is expected to grow at a CAGR of 5.3% throughout the forecast period, to reach US$ 736.94 Bn. by 2029.

Light Commercial Vehicle Market Overview

Global Light Commercial Vehicle Sales to hit 6.7 million and 5.6 million correspondingly in 2020 -2021 due to the COVID-19 outbreak. North America, India, Latin America, Japan, China, Japan, and Korea will lead the growth of the Global Light Commercial Vehicle market, while the United State leads the pickup sales, China is the clear leader in the Light Duty Trucks segment. The demand for electric-light duty trucks will increase when strict government rules are applied. New emission regulations, rising oil prices, and government incentives for electric vehicles will support the growth of Electric Light Commercial Vehicles in China, Europe, and North America. PSA Group, Volkswagen, Daimler, and Ford are anticipated to launch new Electric Light Commercial Vehicles in 2021. North America is a major player in pickup trucks with a 60% share of the global pick up sales in 2021. As a result, North America’s share in the overall Light commercial vehicle market stood at 31.1% although China had a share of around 24.6% in 2021.Light Commercial Vehicle MarketTo know about the Research Methodology :- Request Free Sample Report Light Commercial Vehicles are used in India as last-mile connectivity for goods. Light Commercial Vehicles are categorized as N1 vehicles, which are cargo vehicles with a gross vehicle weight (GVW) of less than 3,500kg. Europe and Japan also define Light Commercial Vehicles as N1 category vehicles fleet characteristics of Light Commercial Vehicles from these regions are compared with those in India later in this report. M2 vehicles, passenger vehicles with more than nine seats, and a gross vehicle weight less than 5,000 kg are also analyzed in this report. There is currently no fuel consumption regulation for either of these vehicle segments in India. This segment compares the sales-weighted average transportation service profile by the manufacturer in terms of engine size, curb weight, power, engine displacement, power-to-weight ratio, Carbon Dioxide emissions, and vehicle size. The summarized findings from the analysis are as follows:
  • Tata Motors leads sales of mini trucks at 70% followed by Ashok Leyland, while Mahindra leads sales of pickup trucks.
  • 89% of vehicles in the Light Commercial Vehicle fleet were diesel-powered while 11% were CNG-powered.
  • Fleet average emissions were 157.6 g/km for FY 2014-15. Isuzu sold the highest  emitting vehicles at 200 g/km followed by Mahindra at 175 g/km. Piaggio had the lowest average  emissions at 130 g/km followed by Force at 137 g/km.
  • Isuzu had the largest engine size at 2.5 liters, followed by Mahindra at 2.3 liters. Piaggio and Tata had the lowest engine size at 800 cc and 1 liter.
  • The average curb weight of the Indian Light Commercial Vehicle fleet was 1,299 kg for FY 2014-15. Isuzu had the heaviest curb weight vehicles at 1,645 kg followed by Mahindra at 1,590 kg. Piaggio had the lowest curb weight vehicles at 706 kg followed by Tata at 1,002 kg.
  • The fleet average power for FY 2014-15 was 33 kW. At 100 kW power, Isuzu had the most powerful engine followed by Mahindra at 45 kW. Piaggio and Tata had the lowest power vehicles at 12 kW and 18 kW, respectively.
  • The power-to-weight ratio for Isuzu was the highest at 0.0606 kW/kg followed by Ashok Leyland at 0.0340 kW/kg, while Tata and Piaggio had the lowest power-to weight ratios of 0.0164 kW/kg and 0.0166 kW/kg, respectively.
  • The fleet average footprint for FY 2014-15 was 3.6m2. Isuzu had the highest average footprint at 4.5 m2 followed by Mahindra at 4.3 m2. Piaggio had the lowest average footprint at 2.2 m2 followed by Force Motors at 2.7 m2.

Light Commercial Vehicle Market Segment Analysis

Based on the Vehicle Type, the market is segmented into Passenger Van, Cargo Van, Pickup Truck, and Truck & Mini Bus. The Truck & Mini Bus segment has led the Light Commercial Vehicle market in 2021 and is estimated to generate more than US$ xx Mn market revenue by 2029, with a CAGR of xx%. The increasing demand towards Truck & Mini Bus logistics can be credited to the benefits offered, containing reliable and congestion-free transportation. The benefits provided by the Truck & Mini Bus logistics contain better loading capacity, lesser emissions, economical transportation for payload, and optimum fuel usage in comparison to trucks and railcars are driving the segment growth in the market in the near future.

Light Commercial Vehicle Market Regional Analysis

Top Countries in Light Commercial Vehicles Production Geographically, the Light Commercial Vehicle market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held the prominent market share of xx% in 2022 and is expected to reach US$ Mn by the end of 2029, with a CAGR of xx%. The objective of the report is to present a comprehensive analysis of the Global Light Commercial Vehicle Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Light Commercial Vehicle Market dynamics, structure by analyzing the market segments and projects the Global Light Commercial Vehicle Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Light Commercial Vehicle Market make the report investor’s guide.

Light Commercial Vehicle Market Scope: Inquire before buying

Light Commercial Vehicle Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 513.37 Bn.
Forecast Period 2023 to 2029 CAGR: 5.3% Market Size in 2029: US $ 736.94 Bn.
Segments Covered: by Vehicle Type Passenger Van Cargo Van Pickup Truck Truck & Mini Bus
by Tonnage Capacity Below 2.5-3.5 tons 3.5-6 tons 6-7.5 tons
by Fuel Type Diesel Petrol Others

Light Commercial Vehicle Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Light Commercial Vehicle Market, Key Players:

1. Ashok Leyland Limited 2. Force Motors Limited 3. Mahindra & Mahindra Limited 4. SML Isuzu Limited 5. Tata Motors Limited 6. VE Commercial Vehicles Limited 7. Daimler India Commercial Vehicles Private Limited 8. Piaggio Vehicles Private Limited 9. Scania Commercial Vehicles India Private Limited 10. GMC 11. Benz 12. Honda 13. Toyota 14. Nissan 15. Buick 16. Volkswagen 17. Ford 18. Chrysler 19. Gaz Group 20. General Motors 21. Honda Motor Company 22. Hyundai Motor Company 23. Isuzu Motors 24. Renault Group Frequently Asked Questions: 1. Which region has the largest share in Global Light Commercial Vehicle Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Light Commercial Vehicle Market? Ans: The Global Light Commercial Vehicle Market is growing at a CAGR of 5.3% during forecasting period 2023-2029. 3. What is scope of the Global Light Commercial Vehicle Market report? Ans: Global Light Commercial Vehicle Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Light Commercial Vehicle Market? Ans: The important key players in the Global Light Commercial Vehicle Market are – Ashok Leyland Limited, Force Motors Limited, Mahindra & Mahindra Limited, SML Isuzu Limited, Tata Motors Limited, VE Commercial Vehicles Limited, Daimler India Commercial Vehicles Private Limited, 5. What is the study period of this Market? Ans: The Global Light Commercial Vehicle Market is studied from 2022 to 2029.
Global Light Commercial Vehicle Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Light Commercial Vehicle Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Light Commercial Vehicle Market Analysis and Forecast 6.1. Light Commercial Vehicle Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Light Commercial Vehicle Market Analysis and Forecast, by Vehicle Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Light Commercial Vehicle Market Value Share Analysis, by Vehicle Type 7.4. Light Commercial Vehicle Market Size (US$ Bn) Forecast, by Vehicle Type 7.5. Light Commercial Vehicle Market Analysis, by Vehicle Type 7.6. Light Commercial Vehicle Market Attractiveness Analysis, by Vehicle Type 8. Global Light Commercial Vehicle Market Analysis and Forecast, by Tonnage Capacity 8.1. Introduction and Definition 8.2. Key Findings 8.3. Light Commercial Vehicle Market Value Share Analysis, by Tonnage Capacity 8.4. Light Commercial Vehicle Market Size (US$ Bn) Forecast, by Tonnage Capacity 8.5. Light Commercial Vehicle Market Analysis, by Tonnage Capacity 8.6. Light Commercial Vehicle Market Attractiveness Analysis, by Tonnage Capacity 9. Global Light Commercial Vehicle Market Analysis and Forecast, by Fuel Type 9.1. Introduction and Definition 9.2. Key Findings 9.3. Light Commercial Vehicle Market Value Share Analysis, by Fuel Type 9.4. Light Commercial Vehicle Market Size (US$ Bn) Forecast, by Fuel Type 9.5. Light Commercial Vehicle Market Analysis, by Fuel Type 9.6. Light Commercial Vehicle Market Attractiveness Analysis, by Fuel Type 10. Global Light Commercial Vehicle Market Analysis, by Region 10.1. Light Commercial Vehicle Market Value Share Analysis, by Region 10.2. Light Commercial Vehicle Market Size (US$ Bn) Forecast, by Region 10.3. Light Commercial Vehicle Market Attractiveness Analysis, by Region 11. North America Light Commercial Vehicle Market Analysis 11.1. Key Findings 11.2. North America Light Commercial Vehicle Market Overview 11.3. North America Light Commercial Vehicle Market Value Share Analysis, by Vehicle Type 11.4. North America Light Commercial Vehicle Market Forecast, by Vehicle Type 11.4.1. Passenger Van 11.4.2. Cargo Van 11.4.3. Pickup Truck 11.4.4. Truck & Mini Bus 11.5. North America Light Commercial Vehicle Market Value Share Analysis, by Tonnage Capacity 11.6. North America Light Commercial Vehicle Market Forecast, by Tonnage Capacity 11.6.1. Below 2.5-3.5 tons 11.6.2. 3.5-6 tons 11.6.3. 6-7.5 tons 11.7. North America Light Commercial Vehicle Market Value Share Analysis, by Fuel Type 11.8. North America Light Commercial Vehicle Market Forecast, by Fuel Type 11.8.1. Diesel 11.8.2. Petrol 11.8.3. Others 11.9. North America Light Commercial Vehicle Market Value Share Analysis, by Country 11.10. North America Light Commercial Vehicle Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America Light Commercial Vehicle Market Analysis, by Country 11.12. U.S. Light Commercial Vehicle Market Forecast, by Vehicle Type 11.12.1. Passenger Van 11.12.2. Cargo Van 11.12.3. Pickup Truck 11.12.4. Truck & Mini Bus 11.13. U.S. Light Commercial Vehicle Market Forecast, by Tonnage Capacity 11.13.1. Below 2.5-3.5 tons 11.13.2. 3.5-6 tons 11.13.3. 6-7.5 tons 11.14. U.S. Light Commercial Vehicle Market Forecast, by Fuel Type 11.14.1. Diesel 11.14.2. Petrol 11.14.3. Others 11.15. Canada Light Commercial Vehicle Market Forecast, by Vehicle Type 11.15.1. Passenger Van 11.15.2. Cargo Van 11.15.3. Pickup Truck 11.15.4. Truck & Mini Bus 11.16. Canada Light Commercial Vehicle Market Forecast, by Tonnage Capacity 11.16.1. Below 2.5-3.5 tons 11.16.2. 3.5-6 tons 11.16.3. 6-7.5 tons 11.17. Canada Light Commercial Vehicle Market Forecast, by Fuel Type 11.17.1. Diesel 11.17.2. Petrol 11.17.3. Others 11.18. North America Light Commercial Vehicle Market Attractiveness Analysis 11.18.1. By Vehicle Type 11.18.2. By Tonnage Capacity 11.18.3. By Fuel Type 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Developments 12. Europe Light Commercial Vehicle Market Analysis 12.1. Key Findings 12.2. Europe Light Commercial Vehicle Market Overview 12.3. Europe Light Commercial Vehicle Market Value Share Analysis, by Vehicle Type 12.4. Europe Light Commercial Vehicle Market Forecast, by Vehicle Type 12.4.1. Passenger Van 12.4.2. Cargo Van 12.4.3. Pickup Truck 12.4.4. Truck & Mini Bus 12.5. Europe Light Commercial Vehicle Market Value Share Analysis, by Tonnage Capacity 12.6. Europe Light Commercial Vehicle Market Forecast, by Tonnage Capacity 12.6.1. Below 2.5-3.5 tons 12.6.2. 3.5-6 tons 12.6.3. 6-7.5 tons 12.7. Europe Light Commercial Vehicle Market Value Share Analysis, by Fuel Type 12.8. Europe Light Commercial Vehicle Market Forecast, by Fuel Type 12.8.1. Diesel 12.8.2. Petrol 12.8.3. Others 12.9. Europe Light Commercial Vehicle Market Value Share Analysis, by Country 12.10. Europe Light Commercial Vehicle Market Forecast, by Country 12.10.1. Germany 12.10.2. U.K. 12.10.3. France 12.10.4. Italy 12.10.5. Spain 12.10.6. Rest of Europe 12.11. Europe Light Commercial Vehicle Market Analysis, by Country 12.12. Germany Light Commercial Vehicle Market Forecast, by Vehicle Type 12.12.1. Passenger Van 12.12.2. Cargo Van 12.12.3. Pickup Truck 12.12.4. Truck & Mini Bus 12.13. Germany Light Commercial Vehicle Market Forecast, by Tonnage Capacity 12.13.1. Below 2.5-3.5 tons 12.13.2. 3.5-6 tons 12.13.3. 6-7.5 tons 12.14. Germany Light Commercial Vehicle Market Forecast, by Fuel Type 12.14.1. Diesel 12.14.2. Petrol 12.14.3. Others 12.15. U.K. Light Commercial Vehicle Market Forecast, by Vehicle Type 12.15.1. Passenger Van 12.15.2. Cargo Van 12.15.3. Pickup Truck 12.15.4. Truck & Mini Bus 12.16. U.K. Light Commercial Vehicle Market Forecast, by Tonnage Capacity 12.16.1. Below 2.5-3.5 tons 12.16.2. 3.5-6 tons 12.16.3. 6-7.5 tons 12.17. U.K. Light Commercial Vehicle Market Forecast, by Fuel Type 12.17.1. Diesel 12.17.2. Petrol 12.17.3. Others 12.18. France Light Commercial Vehicle Market Forecast, by Vehicle Type 12.18.1. Passenger Van 12.18.2. Cargo Van 12.18.3. Pickup Truck 12.18.4. Truck & Mini Bus 12.19. France Light Commercial Vehicle Market Forecast, by Tonnage Capacity 12.19.1. Below 2.5-3.5 tons 12.19.2. 3.5-6 tons 12.19.3. 6-7.5 tons 12.20. France Light Commercial Vehicle Market Forecast, by Fuel Type 12.20.1. Diesel 12.20.2. Petrol 12.20.3. Others 12.21. Italy Light Commercial Vehicle Market Forecast, by Vehicle Type 12.21.1. Passenger Van 12.21.2. Cargo Van 12.21.3. Pickup Truck 12.21.4. Truck & Mini Bus 12.22. Italy Light Commercial Vehicle Market Forecast, by Tonnage Capacity 12.22.1. Below 2.5-3.5 tons 12.22.2. 3.5-6 tons 12.22.3. 6-7.5 tons 12.23. Italy Light Commercial Vehicle Market Forecast, by Fuel Type 12.23.1. Diesel 12.23.2. Petrol 12.23.3. Others 12.24. Spain Light Commercial Vehicle Market Forecast, by Vehicle Type 12.24.1. Passenger Van 12.24.2. Cargo Van 12.24.3. Pickup Truck 12.24.4. Truck & Mini Bus 12.25. Spain Light Commercial Vehicle Market Forecast, by Tonnage Capacity 12.25.1. Below 2.5-3.5 tons 12.25.2. 3.5-6 tons 12.25.3. 6-7.5 tons 12.26. Spain Light Commercial Vehicle Market Forecast, by Fuel Type 12.26.1. Diesel 12.26.2. Petrol 12.26.3. Others 12.27. Rest of Europe Light Commercial Vehicle Market Forecast, by Vehicle Type 12.27.1. Passenger Van 12.27.2. Cargo Van 12.27.3. Pickup Truck 12.27.4. Truck & Mini Bus 12.28. Rest of Europe Light Commercial Vehicle Market Forecast, by Tonnage Capacity 12.28.1. Below 2.5-3.5 tons 12.28.2. 3.5-6 tons 12.28.3. 6-7.5 tons 12.29. Rest of Europe Light Commercial Vehicle Market Forecast, by Fuel Type 12.29.1. Diesel 12.29.2. Petrol 12.29.3. Others 12.30. Europe Light Commercial Vehicle Market Attractiveness Analysis 12.30.1. By Vehicle Type 12.30.2. By Tonnage Capacity 12.30.3. By Fuel Type 12.31. PEST Analysis 12.32. Key Trends 12.33. Key Developments 13. Asia Pacific Light Commercial Vehicle Market Analysis 13.1. Key Findings 13.2. Asia Pacific Light Commercial Vehicle Market Overview 13.3. Asia Pacific Light Commercial Vehicle Market Value Share Analysis, by Vehicle Type 13.4. Asia Pacific Light Commercial Vehicle Market Forecast, by Vehicle Type 13.4.1. Passenger Van 13.4.2. Cargo Van 13.4.3. Pickup Truck 13.4.4. Truck & Mini Bus 13.5. Asia Pacific Light Commercial Vehicle Market Value Share Analysis, by Tonnage Capacity 13.6. Asia Pacific Light Commercial Vehicle Market Forecast, by Tonnage Capacity 13.6.1. Below 2.5-3.5 tons 13.6.2. 3.5-6 tons 13.6.3. 6-7.5 tons 13.7. Asia Pacific Light Commercial Vehicle Market Value Share Analysis, by Fuel Type 13.8. Asia Pacific Light Commercial Vehicle Market Forecast, by Fuel Type 13.8.1. Diesel 13.8.2. Petrol 13.8.3. Others 13.9. Asia Pacific Light Commercial Vehicle Market Value Share Analysis, by Country 13.10. Asia Pacific Light Commercial Vehicle Market Forecast, by Country 13.10.1. China 13.10.2. India 13.10.3. Japan 13.10.4. ASEAN 13.10.5. Rest of Asia Pacific 13.11. Asia Pacific Light Commercial Vehicle Market Analysis, by Country 13.12. China Light Commercial Vehicle Market Forecast, by Vehicle Type 13.12.1. Passenger Van 13.12.2. Cargo Van 13.12.3. Pickup Truck 13.12.4. Truck & Mini Bus 13.13. China Light Commercial Vehicle Market Forecast, by Tonnage Capacity 13.13.1. Below 2.5-3.5 tons 13.13.2. 3.5-6 tons 13.13.3. 6-7.5 tons 13.14. China Light Commercial Vehicle Market Forecast, by Fuel Type 13.14.1. Diesel 13.14.2. Petrol 13.14.3. Others 13.15. India Light Commercial Vehicle Market Forecast, by Vehicle Type 13.15.1. Passenger Van 13.15.2. Cargo Van 13.15.3. Pickup Truck 13.15.4. Truck & Mini Bus 13.16. India Light Commercial Vehicle Market Forecast, by Tonnage Capacity 13.16.1. Below 2.5-3.5 tons 13.16.2. 3.5-6 tons 13.16.3. 6-7.5 tons 13.17. India Light Commercial Vehicle Market Forecast, by Fuel Type 13.17.1. Diesel 13.17.2. Petrol 13.17.3. Others 13.18. Japan Light Commercial Vehicle Market Forecast, by Vehicle Type 13.18.1. Passenger Van 13.18.2. Cargo Van 13.18.3. Pickup Truck 13.18.4. Truck & Mini Bus 13.19. Japan Light Commercial Vehicle Market Forecast, by Tonnage Capacity 13.19.1. Below 2.5-3.5 tons 13.19.2. 3.5-6 tons 13.19.3. 6-7.5 tons 13.20. Japan Light Commercial Vehicle Market Forecast, by Fuel Type 13.20.1. Diesel 13.20.2. Petrol 13.20.3. Others 13.21. ASEAN Light Commercial Vehicle Market Forecast, by Vehicle Type 13.21.1. Passenger Van 13.21.2. Cargo Van 13.21.3. Pickup Truck 13.21.4. Truck & Mini Bus 13.22. ASEAN Light Commercial Vehicle Market Forecast, by Tonnage Capacity 13.22.1. Below 2.5-3.5 tons 13.22.2. 3.5-6 tons 13.22.3. 6-7.5 tons 13.23. ASEAN Light Commercial Vehicle Market Forecast, by Fuel Type 13.23.1. Diesel 13.23.2. Petrol 13.23.3. Others 13.24. Rest of Asia Pacific Light Commercial Vehicle Market Forecast, by Vehicle Type 13.24.1. Passenger Van 13.24.2. Cargo Van 13.24.3. Pickup Truck 13.24.4. Truck & Mini Bus 13.25. Rest of Asia Pacific Light Commercial Vehicle Market Forecast, by Tonnage Capacity 13.25.1. Below 2.5-3.5 tons 13.25.2. 3.5-6 tons 13.25.3. 6-7.5 tons 13.26. Rest of Asia Pacific Light Commercial Vehicle Market Forecast, by Fuel Type 13.26.1. Diesel 13.26.2. Petrol 13.26.3. Others 13.27. Asia Pacific Light Commercial Vehicle Market Attractiveness Analysis 13.27.1. By Vehicle Type 13.27.2. By Tonnage Capacity 13.27.3. By Fuel Type 13.28. PEST Analysis 13.29. Key Trends 13.30. Key Developments 14. Middle East & Africa Light Commercial Vehicle Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Light Commercial Vehicle Market Overview 14.3. Middle East & Africa Light Commercial Vehicle Market Value Share Analysis, by Vehicle Type 14.4. Middle East & Africa Light Commercial Vehicle Market Forecast, by Vehicle Type 14.4.1. Passenger Van 14.4.2. Cargo Van 14.4.3. Pickup Truck 14.4.4. Truck & Mini Bus 14.5. Middle East & Africa Light Commercial Vehicle Market Value Share Analysis, by Tonnage Capacity 14.6. Middle East & Africa Light Commercial Vehicle Market Forecast, by Tonnage Capacity 14.6.1. Below 2.5-3.5 tons 14.6.2. 3.5-6 tons 14.6.3. 6-7.5 tons 14.7. Middle East & Africa Light Commercial Vehicle Market Value Share Analysis, by Fuel Type 14.8. Middle East & Africa Light Commercial Vehicle Market Forecast, by Fuel Type 14.8.1. Diesel 14.8.2. Petrol 14.8.3. Others 14.9. Middle East & Africa Light Commercial Vehicle Market Value Share Analysis, by Country 14.10. Middle East & Africa Light Commercial Vehicle Market Forecast, by Country 14.10.1. GCC 14.10.2. South Africa 14.10.3. Rest of Middle East & Africa 14.11. Middle East & Africa Light Commercial Vehicle Market Analysis, by Country 14.12. GCC Light Commercial Vehicle Market Forecast, by Vehicle Type 14.12.1. Passenger Van 14.12.2. Cargo Van 14.12.3. Pickup Truck 14.12.4. Truck & Mini Bus 14.13. GCC Light Commercial Vehicle Market Forecast, by Tonnage Capacity 14.13.1. Below 2.5-3.5 tons 14.13.2. 3.5-6 tons 14.13.3. 6-7.5 tons 14.14. GCC Light Commercial Vehicle Market Forecast, by Fuel Type 14.14.1. Diesel 14.14.2. Petrol 14.14.3. Others 14.15. South Africa Light Commercial Vehicle Market Forecast, by Vehicle Type 14.15.1. Passenger Van 14.15.2. Cargo Van 14.15.3. Pickup Truck 14.15.4. Truck & Mini Bus 14.16. South Africa Light Commercial Vehicle Market Forecast, by Tonnage Capacity 14.16.1. Below 2.5-3.5 tons 14.16.2. 3.5-6 tons 14.16.3. 6-7.5 tons 14.17. South Africa Light Commercial Vehicle Market Forecast, by Fuel Type 14.17.1. Diesel 14.17.2. Petrol 14.17.3. Others 14.18. Rest of Middle East & Africa Light Commercial Vehicle Market Forecast, by Vehicle Type 14.18.1. Passenger Van 14.18.2. Cargo Van 14.18.3. Pickup Truck 14.18.4. Truck & Mini Bus 14.19. Rest of Middle East & Africa Light Commercial Vehicle Market Forecast, by Tonnage Capacity 14.19.1. Below 2.5-3.5 tons 14.19.2. 3.5-6 tons 14.19.3. 6-7.5 tons 14.20. Rest of Middle East & Africa Light Commercial Vehicle Market Forecast, by Fuel Type 14.20.1. Diesel 14.20.2. Petrol 14.20.3. Others 14.21. Middle East & Africa Light Commercial Vehicle Market Attractiveness Analysis 14.21.1. By Vehicle Type 14.21.2. By Tonnage Capacity 14.21.3. By Fuel Type 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Developments 15. South America Light Commercial Vehicle Market Analysis 15.1. Key Findings 15.2. South America Light Commercial Vehicle Market Overview 15.3. South America Light Commercial Vehicle Market Value Share Analysis, by Vehicle Type 15.4. South America Light Commercial Vehicle Market Forecast, by Vehicle Type 15.4.1. Passenger Van 15.4.2. Cargo Van 15.4.3. Pickup Truck 15.4.4. Truck & Mini Bus 15.5. South America Light Commercial Vehicle Market Value Share Analysis, by Tonnage Capacity 15.6. South America Light Commercial Vehicle Market Forecast, by Tonnage Capacity 15.6.1. Below 2.5-3.5 tons 15.6.2. 3.5-6 tons 15.6.3. 6-7.5 tons 15.7. South America Light Commercial Vehicle Market Value Share Analysis, by Fuel Type 15.8. South America Light Commercial Vehicle Market Forecast, by Fuel Type 15.8.1. Diesel 15.8.2. Petrol 15.8.3. Others 15.9. South America Light Commercial Vehicle Market Value Share Analysis, by Country 15.10. South America Light Commercial Vehicle Market Forecast, by Country 15.10.1. Brazil 15.10.2. Mexico 15.10.3. Rest of South America 15.11. South America Light Commercial Vehicle Market Analysis, by Country 15.12. Brazil Light Commercial Vehicle Market Forecast, by Vehicle Type 15.12.1. Passenger Van 15.12.2. Cargo Van 15.12.3. Pickup Truck 15.12.4. Truck & Mini Bus 15.13. Brazil Light Commercial Vehicle Market Forecast, by Tonnage Capacity 15.13.1. Below 2.5-3.5 tons 15.13.2. 3.5-6 tons 15.13.3. 6-7.5 tons 15.14. Brazil Light Commercial Vehicle Market Forecast, by Fuel Type 15.14.1. Diesel 15.14.2. Petrol 15.14.3. Others 15.15. Mexico Light Commercial Vehicle Market Forecast, by Vehicle Type 15.15.1. Passenger Van 15.15.2. Cargo Van 15.15.3. Pickup Truck 15.15.4. Truck & Mini Bus 15.16. Mexico Light Commercial Vehicle Market Forecast, by Tonnage Capacity 15.16.1. Below 2.5-3.5 tons 15.16.2. 3.5-6 tons 15.16.3. 6-7.5 tons 15.17. Mexico Light Commercial Vehicle Market Forecast, by Fuel Type 15.17.1. Diesel 15.17.2. Petrol 15.17.3. Others 15.18. Rest of South America Light Commercial Vehicle Market Forecast, by Vehicle Type 15.18.1. Passenger Van 15.18.2. Cargo Van 15.18.3. Pickup Truck 15.18.4. Truck & Mini Bus 15.19. Rest of South America Light Commercial Vehicle Market Forecast, by Tonnage Capacity 15.19.1. Below 2.5-3.5 tons 15.19.2. 3.5-6 tons 15.19.3. 6-7.5 tons 15.20. Rest of South America Light Commercial Vehicle Market Forecast, by Fuel Type 15.20.1. Diesel 15.20.2. Petrol 15.20.3. Others 15.21. South America Light Commercial Vehicle Market Attractiveness Analysis 15.21.1. By Vehicle Type 15.21.2. By Tonnage Capacity 15.21.3. By Fuel Type 15.22. PEST Analysis 15.23. Key Trends 15.24. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications, and R&D investment 16.2.2. New Product Launches and Product Enhancements 16.2.3. Market Consolidation 16.2.3.1. M&A by Regions, Investment and Applications 16.2.3.2. M&A Key Players, Forward Integration and Backward Integration 16.3. Company Profiles: Key Players 16.3.1. Ashok Leyland Limited 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Product Portfolio 16.3.1.4. Business Strategy 16.3.1.5. Recent Developments 16.3.1.6. Development Footprint 16.3.2. Force Motors Limited 16.3.3. Mahindra & Mahindra Limited 16.3.4. SML Isuzu Limited 16.3.5. Tata Motors Limited 16.3.6. VE Commercial Vehicles Limited 16.3.7. Daimler India Commercial Vehicles Private Limited 16.3.8. Piaggio Vehicles Private Limited 16.3.9. Scania Commercial Vehicles India Private Limited 16.3.10. GMC 16.3.11. Benz 16.3.12. Honda 16.3.13. Toyota 16.3.14. Nissan 16.3.15. Buick 16.3.16. Volkswagen 16.3.17. Ford 16.3.18. Chrysler 16.3.19. Gaz Group 16.3.20. General Motors 16.3.21. Honda Motor Company 16.3.22. Hyundai Motor Company 16.3.23. Isuzu Motors 16.3.24. Renault Group 17. Primary Key Insights

About This Report

Report ID 66594
Category Automotive and Transportation
Published Date Aug 2023
Updated Date
  • INQUIRE BEFORE BUYING