Global Light and Medium Commercial Vehicle Market 2019-2023

Global Light and Medium Commercial Vehicle Market 2019-2023

  • November 2018 •
  • 107 pages •
  • Report ID: 5618632 •
  • Format: PDF
About Light and Medium Commercial Vehicle

A light commercial vehicle is the official term used for a commercial carrier vehicle with a gross vehicle weight of no more than 3.5 metric tons. Medium commercial vehicles refer to truck Classes 6-7, which have a gross vehicle weight rating range of 19,501- 33,000 lbs.

Technavio’s analysts forecast the global light and medium commercial vehicle market to grow at a CAGR of 5.76% during the period 2019-2023.

Covered in this report
The report covers the present scenario and the growth prospects of the global light and medium commercial vehicle market for 2019-2023. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio’s report, Global Light and Medium Commercial Vehicle Market 2019-2023, 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.

Key vendors
• Daimler
• Ford Motor
• Hyundai Motor
• Toyota Motor
• Volkswagen

Market driver
• Increasing demand for pickup trucks in emerging countries
• For a full, detailed list, view our report

Market challenge
• Fuel-efficiency standards to increase the price of LCVs and MCVs
• For a full, detailed list, view our report

Market trend
• Growing e-commerce and construction industry
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2023 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?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.