Market Insight : Light Commercial Vehicle Market Globally Grow at a CAGR of 0.96% by Revenue During the Forecast Period 2018-2021

ResearchMoz presents professional and in-depth study of "Global Light Commercial Vehicle Market 2017-2021".

Light commercial vehicle (LCV) is a commercial carrier of people and goods, which approximately comes under 8-ton category. Commercial vehicle manufacturers focus on launching newer models that are compliant with the latest emissions regulations to maintain good business profits.

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Rising air pollution levels are causing governing bodies to upgrade vehicular emissions regulations for commercial vehicles on intervals less than a year. Vehicle manufacturers are constricting the production of newer commercial vehicle models to allow the produced stock of commercial vehicles to be sold off before the implementation of upgraded emission norms. LCVs include light pickup trucks used for distribution and transportation of goods, especially in stop-and-go traffic, and for light construction and municipal applications.

Technavios analysts forecast the global light commercial vehicle market to grow at a CAGR of 0.96% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global light commercial vehicle market for 2017-2021. To calculate the market size, the report considers the production volume.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Light Commercial Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Ford Motor Company

Groupe PSA

Renault

Other prominent vendors

Anhui Jianghuai Automobile

Ashok Leyland

AVTOVAZ

Toyota Motor Corporation

GAZ Group

General Motors

Honda Motor Company

Hyundai Motor Company

ISUZU MOTORS

Mitsubishi Motors

Opel

PACCAR

Tata Motors

Market driver

Rising penetration of downsized engines in LCVs to drive vehicle price

For a full, detailed list, view our report

Market challenge

Implementation of fuel-efficiency standards will result in increased prices of LCVs

For a full, detailed list, view our report

Market trend

Electric LCVs used for facilitating last-mile connectivity

For a full, detailed list, view our report

Browse Report @ https://www.researchmoz.us/global-light-commercial-vehicle-market-2017-2021-report.html

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

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