Light Commercial Vehicle Market In Europe 2023-2027
The light commercial vehicle market in Europe is forecasted to grow by USD 22.43 billion during 2022-2027, accelerating at a CAGR of 6.86% during the forecast period. The report on the light commercial vehicle market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increased utility of pickup trucks, rising penetration of downsized engines in light commercial vehicles to drive vehicle prices, and increasing penetration of advanced driver assistance features in light commercial vehicles.
Technavio's light commercial vehicle market in Europe is segmented as below:
- By Type
- Conventional fuel vehicles
- Alternative fuel vehicles
- By Vehicle Type
- Light commercial pick-up trucks
- Light commercial vans
This study identifies the integration of telematics systems in light commercial vehicles as one of the prime reasons driving the light commercial vehicle market in Europe growth during the next few years. Also, increasing demand for light commercial vehicles in the construction industry and electric light commercial vehicles for facilitating last-mile connectivity will lead to sizable demand in the market.
The report on the light commercial vehicle market in Europe covers the following areas:
- light commercial vehicle market in Europe sizing
- light commercial vehicle market in Europe forecast
- light commercial vehicle market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light commercial vehicle market in Europe vendors that include Ford Motor Co., GAZ International LLC, General Motors Co., Hyundai Motor Co., Isuzu Motors Ltd., Iveco Group N.V, Mercedes Benz Group AG, Mitsubishi Motors Corp., PACCAR Inc., Renault SAS, Robert Bosch GmbH, Stellantis NV, Tesla Inc., Toyota Motor Corp., Volkswagen AG, Volvo Car Corp., and Suzuki Motor Corp.. Also, the light commercial vehicle market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.