Market Research Logo

Light Commercial Vehicle Market in Europe 2017-2021

Light Commercial Vehicle Market in Europe 2017-2021

About Light Commercial Vehicle

Commercial vehicles can be classified into two categories, namely light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). HCVs include all the vehicles with a gross weight of more than 3.5 tons, while LCVs include all the vehicles with a gross weight less than or equal to 3.5 tons. LCVs are primarily used to carry goods and for transporting people in short distances. These vehicles play a critical role in the final delivery of time-critical goods, high-value goods, and support services.

Technavio’s analysts forecast the light commercial vehicle market in Europe to grow at a CAGR of 3.57% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the light commercial vehicle market in Europe for 2017-2021. 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:

  • France
  • Germany
  • Turkey
  • Uk
  • Others
Technavio's report, Light Commercial Vehicle Market in Europe 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.

Key vendors
  • Renault
  • PSA Group
  • Ford
  • Volkswagen
  • Fiat Chrysler Automobiles (FCA)
Other prominent vendors
  • Daimler
  • Toyota
  • JAC
  • PACCAR
  • General Motors
  • GAZ Group
  • Hyundai Motor Company
  • Isuzu Motors
  • AVTO VAZ
  • Tata Motors
  • Nissan
Market driver
  • Growth in construction industry and ecommerce to drive market demand for LCVs
  • For a full, detailed list, view our report
Market challenge
  • Increasing production costs
  • For a full, detailed list, view our report
Market trend
  • Innovative promotional activities done for alternative fuel LCVs
  • For a full, detailed list, view our report
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?


Press Release

Technavio Announces the Publication of its Research Report – Light Commercial Vehicle Market in Europe 2017-2021

Technavio recognizes the following companies as the key players in the light commercial vehicle market in Europe: Renault, PSA Group, Ford, Volkswagen, and Fiat Chrysler Automobiles (FCA).

Other Prominent Vendors in the market are: Daimler, Toyota, JAC, PACCAR , General Motors, GAZ Group, Hyundai Motor Company, Isuzu Motors, AVTO VAZ, Tata Motors, and Nissan.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovative promotional activities done for alternative fuel LCVs. Alternative fuel vehicle manufacturers are increasingly undertaking innovative promotional activities for raising awareness about the reliability of electric and hybrid LCVs. Major drawbacks of electric LCVs are constricted number of charging stations and limited power carrying capacity of electric batteries used within electric vehicles.”

According to the report, one driver in the market is growth in construction industry and ecommerce to drive market demand for LCVs. Rising rates of urbanization are expected to increase the demand for construction of residential, commercial, and recreational centers during the forecast period. This is expected to drive the demand for additional vehicles to complement transportation of workforce and materials for construction within cities. Rising urbanization is causing retail and distribution centers to be shifted within the proximity of urban areas. Online retail sales have been rising due to increased penetration of internet connectivity and smartphones.

Further, the report states that one challenge in the market is increasing production costs. Bronze, polycarbonate, cast iron, stainless steel, and various alloys are used to manufacture components such as drive shafts, gearwheels, and hydraulic cylinders for LCVs. The price of precious metals and materials with high-temperature resistance (which are needed to manufacture these components) is rising in Europe, leading to higher costs of production. For instance, the prices of stainless steel went up by nearly 30% in Europe between June 2016 and April 2017. Therefore, the rising production cost will remain one of the prime concerns for LCV manufacturers.

Companies Mentioned

Renault, PSA Group, Ford, Volkswagen, Fiat Chrysler Automobiles (FCA), Daimler, Toyota, JAC, PACCAR , General Motors, GAZ Group, Hyundai Motor Company, Isuzu Motors, AVTO VAZ, Tata Motors, and Nissan.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Commercial vehicle industry: Overview
      • Table LCV key operating sectors
    • LCV market in Europe
      • Table Average lifespan of LCVs in Europe, 2016
  • Market landscape
    • Market ecosystem
      • Table Parent market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Segmentation of LCV market in Europe 2017-2021
  • Market sizing
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table LCVs market in Europe 2016-2021 (million units)
  • Five forces analysis
    • Table Five forces analysis
    • 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 segmentation by fuel type
    • Segmentation by fuel type
      • Table Automotive LCV market in Europe by fuel type 2016-2021 (in %)
    • Comparison by fuel type
      • Table Comparison by fuel type
    • Conventional fuel - market size & forecast
      • Table LCV market in Europe for conventional fuel 2016-2021 (million units)
      • Table Conventional fuel LCVs in Europe 2016-2021 - Year-over-year growth
    • Alternative fuel - market size & forecast
      • Table Automotive LCV market in Europe for alternative fuel 2016-2021 (million units)
      • Table Alternative fuel LCVs in Europe 2017
      • Table Alternative fuel LCVs market in Europe 2016-2021 - Year-over-year growth
    • Market opportunity by fuel type
  • Regional landscape
    • Geographical segmentation
      • Table Segmentation of LCVs market in Europe 2016-2021 (in %)
    • Regional comparison
      • Table Regional comparison
    • France - market size & forecast
      • Table France - market size & forecast 2016-21 (million units)
      • Table France- Year-over-year growth 2016-21
    • UK - market size & forecast
      • Table UK - market size & forecast 2016-21 (million units)
      • Table UK - Year-over-year growth 2016-21
    • Germany - market size & forecast
      • Table Germany- market size & forecast 2016-21 (million units)
      • Table Germany - Year-over-year growth 2016-21
    • Turkey - market size & forecast
      • Table Turkey - market size & forecast 2016-2021 (million units)
      • Table Turkey - Year-over-year growth 2016-21
    • Others - market size & forecast
      • Table Others- market size & forecast 2016-21 (million units)
      • Table Others - Year-over-year growth 2016-21
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table EU emission standards and limits
  • Market trends
    • Innovative promotional activities done for alternative fuel LCVs
    • Hybrid LCVs and use of alternative fuels
      • Table Estimated payback in years: Compressed Natural Gas (CNG) versus diesel LCVs
    • Turbochargers in LCVs
    • Platooning
  • Vendor landscape
    • Competitive benchmarking
      • Table Competitive benchmarking of LCVs market in Europe 2016
    • Other prominent vendors
      • Table Other prominent vendors
  • Vendor analysis
    • Vendors covered
    • Renault
      • Table Renault: Business segmentation by revenue 2016 (% share)
      • Table Renault: Geographical segmentation by revenue 2016 (% share)
      • Table Renault: Product portfolio
      • Table Renault: Product offering
      • Table Renault: Recent developments
    • PSA Group
      • Table PSA Group: Business segmentation by revenue 2016 (% share)
      • Table PSA Group: Geographical segmentation by revenue 2016 (% share)
      • Table PSA Group: Product offerings
      • Table PSA Group: Recent developments
    • Ford
      • Table Ford Motor Company: LCV product portfolio
      • Table Ford Motor Company: Recent developments
    • Volkswagen
      • Table Volkswagen: Business segmentation by revenue 2016
      • Table Volkswagen: Business segmentation
      • Table Volkswagen: LCV product portfolio
      • Table Volkswagen: LCV offerings by category
      • Table Volkswagen: Recent developments
    • Fiat Chrysler Automobiles (FCA)
      • Table Fiat Professional: LCV product portfolio
      • Table Fiat Chrysler Automobiles: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report