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Global Light and Medium Commercial Vehicle Market 2019-2023

Global Light and Medium Commercial Vehicle Market 2019-2023

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 vendor
    s
  • 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?


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Light and Medium Commercial Vehicle Market 2019-2023

Technavio recognizes the following companies as the key players in the global light and medium commercial vehicle market: Daimler, Ford Motor, Hyundai Motor, Toyota Motor, and Volkswagen.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing e-commerce and construction industry. Urbanization is the major factor driving the construction industry. This, in turn, fuels the demand for additional vehicles to transport people and materials for construction within the cities. Rising urbanization leads to shift of retail and distribution centers within the proximity of urban areas.”

According to the report, one driver in the market is increasing demand for pickup trucks in emerging countries. LCVs like pick-up trucks contribute a significant share to the market because of their increasing demand. The Americas is the major market for pick-up trucks. They are used both for commercial and personal purposes in the region. Earlier, the penetration of pick-up trucks in the LCV markets in emerging countries like China and India was low, due to poor acceptance of their design among the end-users and high fuel consumption.

Further, the report states that one challenge in the market is fuel-efficiency standards to increase the price of LCVs and MCVs. Fuel-efficiency standards for LCVs and MCVs increase the prices of vehicles by about $4,500 per vehicle. The global light and medium commercial vehicle market will witness an increase in revenue by about $10 billion, if fuel-efficiency standards are increased by 1 mpg.

Companies Mentioned

Daimler

Ford Motor

Hyundai Motor

Toyota Motor

Volkswagen

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global automotive market
      • Table Segments of global automotive market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (million units)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by vehicle type
    • Table Vehicle type - Market share 2018-2023 (%)
    • Comparison by vehicle type
      • Table Comparison by vehicle type
    • LCVs - Market size and forecast 2018-2023
      • Table LCVs - Market size and forecast 2018-2023 (million units)
      • Table LCVs - Year-over-year growth 2019-2023 (%)
    • MCVs - Market size and forecast 2018-2023
      • Table MCVs - Market size and forecast 2018-2023 (million units)
      • Table MCVs - Year-over-year growth 2019-2023 (%)
    • Market opportunity by vehicle type
      • Table Market opportunity by vehicle type
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 (million units)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (million units)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 (million units)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Daimler
      • Table Daimler - Vendor overview
      • Table Daimler - Business segments
      • Table Daimler - Organizational developments
      • Table Daimler - Geographic focus
      • Table Daimler - Segment focus
      • Table Daimler - Key offerings
    • Ford Motor
      • Table Ford Motor - Vendor overview
      • Table Ford Motor - Business segments
      • Table Ford Motor - Organizational developments
      • Table Ford Motor - Geographic focus
      • Table Ford Motor - Segment focus
      • Table Ford Motor - Key offerings
    • Hyundai Motor
      • Table Hyundai Motor - Vendor overview
      • Table Hyundai Motor - Business segments
      • Table Hyundai Motor - Organizational developments
      • Table Hyundai Motor - Geographic focus
      • Table Hyundai Motor - Segment focus
      • Table Hyundai Motor - Key offerings
    • Toyota Motor
      • Table Toyota Motor - Vendor overview
      • Table Toyota Motor - Business segments
      • Table Toyota Motor - Organizational developments
      • Table Toyota Motor - Geographic focus
      • Table Toyota Motor - Segment focus
      • Table Toyota Motor - Key offerings
    • Volkswagen
      • Table Volkswagen - Vendor overview
      • Table Volkswagen - Business segments
      • Table Volkswagen - Organizational developments
      • Table Volkswagen - Geographic focus
      • Table Volkswagen - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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