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Global Light Commercial Vehicle Market 2022-2026: Rising Penetration of Downsized Engines & Preference for Pickup Trucks Drives Growth -

DUBLIN, December 06, 2022 /BUSINESS WIRE/ --

The "Global Light Commercial Vehicle Market 2022-2026" report has been added to's offering.

The light commercial vehicle market is poised to grow by 1436.98 th units during 2022-2026, accelerating at a CAGR of 1.5% during the forecast period. The report on the light commercial vehicle market 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 of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising penetration of downsized engines in LCVs to drive vehicle prices, rising preference for pickup trucks in emerging countries, and growth in the global construction industry and online retail sales to drive the market demand for LCVs.

The light commercial vehicle market analysis includes the type segment and geographic landscape.

The light commercial vehicle market is segmented as below:

By Type

  • Conventional fuel vehicles
  • Alternative fuel vehicles

By Geographical Landscape

  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa

This study identifies the electric LCVs for facilitating last-mile connectivity as one of the prime reasons for driving the light commercial vehicle market growth during the next few years. Also, the integration of telematics systems in LCVs and innovative promotional activities for alternative fuel LCVs will lead to sizable demand in the market.

The report on the light commercial vehicle market covers the following areas:

  • Light commercial vehicle market sizing
  • Light commercial vehicle market forecast
  • Light commercial vehicle market industry analysis

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Type

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

Companies Mentioned

  • AMG Corp
  • Ashok Leyland Ltd
  • Cummins Inc.
  • Daimler Truck Holding AG
  • Ford Motor Co.
  • GAZ International LLC
  • General Motors Co
  • Honda Motor Co. Ltd
  • Hyundai Motor Co
  • Isuzu Motors Ltd
  • JAC Inc.
  • Kia Motors Corp
  • Mahindra and Mahindra Ltd.
  • Maruti Suzuki India Ltd.
  • Nissan Motor Co. Ltd.
  • Robert Bosch GmbH
  • Tata Motors Ltd
  • Toyota Motor Corp
  • Volkswagen AG

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