Market Size of europe light commercial vehicles Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2029 |
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Market Size (2024) | USD 42.19 Billion |
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Market Size (2029) | USD 56.74 Billion |
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Largest Share by Sub Body Type | Light Commercial Pick-up Trucks |
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CAGR (2024 - 2029) | 6.11 % |
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Largest Share by Country | Germany |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Light Commercial Vehicle (LCV) Market Analysis
The Europe Light Commercial Vehicles Market size is estimated at USD 42.19 billion in 2024, and is expected to reach USD 56.74 billion by 2029, growing at a CAGR of 6.11% during the forecast period (2024-2029).
- Largest Segment by Fuel Type - Gasoline : The availability of fuel and the lack of charging infrastructure for electric vehicles are the factors surging the demand for traditional fuel engines, making gasoline the largest fuel type.
- Largest Segment by Sub-Body Type - Light Commercial Pick-up Trucks : An increase in online purchases and growth in the e-commerce industry has grown the last mile logistics, which has immensely grown the market for pick up trucks for delivery in Europe in recent years.
- Fastest-growing Segment by Fuel Type - FCEV : Battery electric commercial vehicles are the fastest-growing fuel type segment due to the adoption of electric mobility and stringent norms implemented by the government for commercial vehicles.
- Largest Segment by Country - Germany : In Europe, France has witnessed the highest sales of light commercial vehicles. The growing demand for the e-commerce and logistics sector is enhancing the sales of LCVs in France.
