Light Commercial Vehicle Market, By Propulsion Type (Internal Combustion Engine and Electric & Hybrid), By Vehicle Class (Class 1 and Class 2), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Light Commercial Vehicle Market, By Propulsion Type (Internal Combustion Engine and Electric & Hybrid), By Vehicle Class (Class 1 and Class 2), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)


Global light commercial vehicle market refers to commercial motor vehicles with a gross vehicle weight rating (GVWR) of 12,000 lbs or less. Light commercial vehicles are small business utility trucks that are used to transport cargo or passengers. These include pickup trucks, cargo and passenger vans, and other small lorries. Global light commercial vehicle market has witnessed significant growth in the recent years due to increasing demand from last-mile delivery, e-commerce, and construction sectors. LCVs provide cost-effective transportation solution for various goods and services. Their flexibility to carry loads and perform multiple tasks has made them indispensable for small businesses.

Market Dynamics:

Global light commercial vehicle market growth is driven by strong demand from logistics, e-commerce, and construction industries. However, high operating costs and fluctuating fuel prices can be challenging for fleet owners. Rising infrastructure projects, growth of small businesses, and adoption of cleaner fuels and technologies are expected to offer opportunities for the market growth. Strict emission regulations in many countries are pushing OEMs to develop electric light commercial vehicles. Hybrid and electric LCVs are gaining traction due to their lower total cost of ownership as compared to diesel variants. However, high battery costs and lack of charging infrastructure need to be addressed for a mass adoption of electric light trucks.

Key features of the study:
  • This report provides in-depth analysis of the global light commercial vehicle market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global light commercial vehicle market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include Ashok Leyland, BAIC Group, BYD Motors Inc, Daimler AG, Dongfeng Motor Corporation, Ford Motor Company, Gaz Group, General Motors Company, Honda Motor Company, Hyundai Motor Company, Isuzu Motors Ltd, Mahindra & Mahindra, Nissan Motor Company Ltd, Renault Group, Rivian Automotive LLC, Tata Motors, Tesla Inc, Toyota Motors, Volkswagen AG, and Volvo AB.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • Global light commercial vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global light commercial vehicle market.
Market Segmentation
  • By Propulsion Type
  • Internal Combustion Engine (ICE)
  • Electric & Hybrid
  • By Vehicle Class
  • Class 1 (<6,000 lbs)
  • Class 2 (6,001-10,000 lbs)
  • By Regional
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Key Players Insights
  • Ashok Leyland
  • BAIC Group
  • BYD Motors Inc
  • Daimler AG
  • Dongfeng Motor Corporation
  • Ford Motor Company
  • Gaz Group
  • General Motors Company
  • Honda Motor Company
  • Hyundai Motor Company
  • Isuzu Motors Ltd
  • Mahindra & Mahindra
  • Nissan Motor Company Ltd
  • Renault Group
  • Rivian Automotive LLC
  • Tata Motors
  • Tesla Inc
  • Toyota Motors
  • Volkswagen AG
  • Volvo AB


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By End User
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of the COVID-19 Pandemic
4. Global Discrete Semiconductor Market, By Type, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
MOSFET
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
IGBT
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Bipolar Transistor
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Thyristor
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Rectifier
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Others
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
5. Global Discrete Semiconductor Market, By End User, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Automotive
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Consumer Electronics
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Communication
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Industrial
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Other End-use Verticals
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
6. Global Discrete Semiconductor Market, By Region, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
North America
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By End User, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By End User, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By End User, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By End User, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By End User, 2019–2031 (US$ Billion)
Market Share Analysis, By Country/Sub-region, 2024 and 2031 (%)
South Africa
GCC Countries
Rest of the Middle East & Africa
7. Competitive Landscape
Company Profiles
ABB
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Diodes Incorporated
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
GeneSiC Semiconductor Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Infineon Technologies AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Nexperia
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
NXP Semiconductors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Renesas Electronics Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
ROHM CO., LTD.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Semiconductor Components Industries, LLC
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
StarPower Semiconductor Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
STMicroelectronics
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Taiwan Semiconductor
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Texas Instruments Incorporated
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Vishay Intertechnology, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
WeEn Semiconductors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
8. Wheel of Fortune
Wheel of Fortune
Analyst View
Coherent Opportunity Map
9. Section
References
Research Methodology
About us and Sales Contact
*Browse 60 market data tables and 40 figures on Global Discrete Semiconductor Market - Global forecast to 2031”

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings