Updated Market Report Suggests That Light Commercial Vehicle Market Will Grow at 3.04% CAGR During 2016-2020
In Europe, LCVs refer to commercial carrier vehicles of gross vehicle weights up to 3.5 tons. Gross vehicle weight refers to the operating weight, that is, the maximum weight a truck can carry while being driven. This includes the actual vehicle weight as well as passengers, cargo, and fuel weight.
Hyderabad, February 11, 2016 (Newswire.com) - In Europe, LCVs refer to commercial carrier vehicles of gross vehicle weights up to 3.5 tons. Gross vehicle weight refers to the operating weight, that is, the maximum weight a truck can carry while being driven. This includes the actual vehicle weight as well as passengers, cargo, and fuel weight. LCVs in Europe include pick-up trucks and vans that are used to carry a wide range of goods or are utilized as passenger carriers.
LCVs play a crucial role in the delivery of time-critical goods, high-value goods, and support services. They are mainly used in space-strapped urban areas. LCVs vary by use, size, and type.
Technavio’s analysts forecast the LCV market in Europe to grow at a CAGR of 3.04% during the period 2016-2020.
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Topics Covered in this report
The report covers the present scenario and the growth prospects of the LCV market in Europe for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of LCVs
The market is divided into the following segments based on regions:
• France
• UK
• Germany
Technavio's report, Light Commercial Vehicle (LCV) Market in Europe 2016-2020, 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
• Peugeot Citroen
• Renault
• Toyota
• Volkswagen
Other prominent vendors
• Anhui Jianghuai Automobile
• Ashok Leyland
• AVTO VAZ
• GAZ Group
• General Motors
• Hyundai Motor
• Isuzu Motors
• PACCAR
• Tata Motors
• Opel
• Daimler
Market driver
• Enhanced safety of LCVs
• For a full, detailed list, view our report
Market challenge
• Stringent emissions regulations for LCVs
• For a full, detailed list, view our report
Market trend
• Hybrid LCVs and use of natural gas
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 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?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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