Market Research Report
Global Light Commercial Vehicle Market 2017-2021
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||574624|
|Published||Content info||70 Pages
Delivery time: 1-2 business days
|Global Light Commercial Vehicle Market 2017-2021|
|Published: October 31, 2017||Content info: 70 Pages||
Light commercial vehicle (LCV) is a commercial carrier of people and goods, which approximately comes under 8-ton category. Commercial vehicle manufacturers focus on launching newer models that are compliant with the latest emissions regulations to maintain good business profits. Rising air pollution levels are causing governing bodies to upgrade vehicular emissions regulations for commercial vehicles on intervals less than a year. Vehicle manufacturers are constricting the production of newer commercial vehicle models to allow the produced stock of commercial vehicles to be sold off before the implementation of upgraded emission norms. LCVs include light pickup trucks used for distribution and transportation of goods, especially in stop-and-go traffic, and for light construction and municipal applications.
Technavio's analysts forecast the global light commercial vehicle market to grow at a CAGR of 0.96% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global light commercial vehicle market for 2017-2021. To calculate the market size, the report considers the production volume.
The market is divided into the following segments based on geography:
Technavio's report, Global Light Commercial Vehicle Market 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.
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