Market Share of Europe Van Industry
- Europe's van market is highly competitive. The presence of major original equipment manufacturers (OEMs) across the region is likely to drive the growth of the market. Major key players in the market include Mercedes Benz, Volkswagen Group, Ford Motor Company, and Vauxhall, along with new entrants like Arrival Electric Group Limited, catering to the region's electric van needs.
- Growing mergers and acquisitions and business expansion by vehicle manufacturers are likely to boost the van market. For instance, in March 2021, Volkswagen announced its plans to set up six new battery factories across Europe. All six factories are expected to be operational by 2030 and are expected to cater to the battery needs of Volkswagen and be sold to external OEMs as well. This is expected to help the company expand its electric vehicle business in the European region.
- For instance, in June 2023, Punch Powertrain established a strategic agreement with Cubonic to develop and manufacture sustainable automated and autonomous electric light commercial vehicles (eLCVs), specifically the PeopleMover and CargoMover eLCVs from Cubonic.
Europe Van Market Leaders
Stellantis NV
Daimler AG
Volkswagen AG
Ford Motor Company
Groupe Renault
*Disclaimer: Major Players sorted in no particular order
