Light Commercial Vehicles (LCV) Market Size
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2029 | |
Market Size (2024) | USD 87.03 Billion | |
Market Size (2029) | USD 123.88 Billion | |
Largest Share by Sub Body Type | Light Commercial Pick-up Trucks | |
CAGR (2024 - 2029) | 7.32 % | |
Largest Share by Region | Europe | |
Major Players |
||
*Disclaimer: Major Players sorted in no particular order |
Light Commercial Vehicles (LCV) Market Analysis
The Global Light Commercial Vehicles Market size is estimated at USD 87.03 billion in 2024, and is expected to reach USD 123.88 billion by 2029, growing at a CAGR of 7.32% during the forecast period (2024-2029).
- Largest Segment by Fuel Type - Gasoline : Diesel LCV has the vast majority of sales across all fuel types as it is traditional and is being used universally. However, shift toward E mobility is may affect diesel engines in future globally.
- Largest Segment by Vehicle Type - Light Commercial Pick-up Trucks : The continuous demand of vans from Europe and North America, where they are utilized for logistics and last-mile delivery, cargo vans dominate the global LCV market.
- Largest Segment by Region - Europe : The presence of sizable end-user industry production bases and the ongoing expansion of vehicle production capacity are driving light commercial vehicle demand in Asia-Pacific.
- Fastest-growing by Country - Mexico : Rapid urbanization has resulted in the development of new retail and e-commerce platforms that necessitate efficient logistics, further making china the fastest country in LCV sales globally.
Light Commercial Vehicles (LCV) Market Trends
This section covers the major market trends shaping the Light Commercial Vehicle (LCV) Market according to our research experts:
Light Commercial Pick-up Trucks is the largest segment by Sub Body Type.
- The e-commerce and logistics sectors fuel the light commercial vehicle market. Online retail sales and e-commerce have been rising due to more people having access to the internet and smartphones. Light commercial vehicle purchases are projected to rise, which will assist in the prompt delivery of goods to clients.
- As a result of COVID-19 online sales, the income and user base of the global e-commerce market greatly expanded. However, the increased internet shopping popularity will encourage growth. The global e-commerce market experienced a remarkable expansion in 2020, and by 2021, it generated USD 26.7 trillion in sales. The number and percentage of online shoppers have constantly increased globally over the last few years. The highest increase in the number of online shoppers in 2020 was caused by the COVID-19 pandemic, which forced individuals to shop online.
- The rapid expansion of the e-commerce and logistics industries across major economies, including Europe, the United States, and China, is fueling the demand for a more contemporary distribution network. Thus, the demand for light commercial vehicles will increase. Significant light commercial vehicle manufacturers, like Daimler, Nissan, Ford, and Renault, experienced a dramatic increase in e-commerce sales, which bolstered the logistics industry. Pick-up trucks and vans have traditionally filled the requirement for e-commerce transportation for logistics and consumer delivery services, which is expected to have a substantial positive impact on the global light commercial vehicle market.
Europe is the largest segment by Region.
- The market for light commercial vehicles is primarily driven by the e-commerce and logistics industries. As more people have access to the internet and smartphones, online retail sales and e-commerce have been increasing. Purchases of light commercial vehicles are anticipated to increase, thereby facilitating quick delivery of items to customers. The global output of light commercial vehicles was 17,217,999 units in 2016, and it is expected to reach 18593,850 units in 2021.
- The COVID-19 online sales have greatly expanded the revenue and user base of the global e-commerce business. However, it is projected that increased internet shopping popularity will encourage growth. The global e-commerce market had significant growth in 2020, and by 2021, it generated USD 26.7 trillion in sales. The number and percentage of online shoppers have constantly increased over the world over the last few years. The highest increase in the number of online shoppers in 2020 was caused by the COVID-19 pandemic, which forced individuals to shop online.
- The demand for a more modern distribution network is being fueled by the quickening growth of the e-commerce and logistics sectors across all of the major economies, including those of Europe, the United States, and China. Thus, light commercial vehicle demand will definitely increase. E-commerce sales for significant light commercial vehicle producers, like Daimler, Nissan, Ford, and Renault, have increased dramatically, which boosted the logistics sector. Pick-up trucks and vans have also historically met the demand for e-commerce transportation for logistics and consumer delivery services, which is predicted to have a significant beneficial impact on the market for light commercial vehicles globally.
Light Commercial Vehicles (LCV) Industry Overview
The Global Light Commercial Vehicles Market is moderately consolidated, with the top five companies occupying 51.00%. The major players in this market are BAIC Group, Daimler AG, Dongfeng Motor Corporation, Ford Motor Company and Volkswagen AG (sorted alphabetically).
Light Commercial Vehicles (LCV) Market Leaders
BAIC Group
Daimler AG
Dongfeng Motor Corporation
Ford Motor Company
Volkswagen AG
*Disclaimer: Major Players sorted in no particular order
Light Commercial Vehicles (LCV) Market News
- June 2022: Nissan has announced the new Townstar van, which will go on sale in June 2022. This model will take the place of the e-NV200. With both petrol and fully electric engine options, the all-new Townstar provides a comprehensive and competitive offering to the tiny van category. The brand-new Townstar, which is entirely electric is designed to hasten the switch to zero-emission motoring. The all-new Townstar, the newest addition to Nissan's fully electric compact LCV series is designed to be a trustworthy efficient and sustainable business partner that is optimised to meet the demands of clients who have ever-changing needs.
- June 2022: Nissan has announced the new Townstar van, which will go on sale in June 2022. This model will take the place of the e-NV200. With both petrol and fully electric engine options, the all-new Townstar provides a comprehensive and competitive offering to the tiny van category. The brand-new Townstar, which is entirely electric is designed to hasten the switch to zero-emission motoring. The all-new Townstar, the newest addition to Nissan's fully electric compact LCV series is designed to be a trustworthy efficient and sustainable business partner that is optimised to meet the demands of clients who have ever-changing needs.
- May 2022: Renault entered into an agreement to sell 100% stake in Renault Russia to Moscow City entity.
Light Commercial Vehicles (LCV) Market Report - Table of Contents
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Population
2.2. GDP
2.3. CVP
2.4. Inflation Rate
2.5. Interest Rate For Auto Loans
2.6. Battery Price (per Kwh)
2.7. Logistics Performance Index
2.8. Electrification Impact
2.9. New XEV Models Announced
2.10. Charging Stations Deployment
2.11. Regulatory Framework
2.12. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION
3.1. Vehicle Type
3.1.1. Commercial Vehicles
3.1.1.1. Light Commercial Pick-up Trucks
3.1.1.2. Light Commercial Vans
3.2. Engine Type
3.2.1. Hybrid And Electric Vehicles
3.2.1.1. By Fuel Type
3.2.1.1.1. BEV
3.2.1.1.2. FCEV
3.2.1.1.3. HEV
3.2.1.1.4. PHEV
3.2.2. ICE
3.2.2.1. By Fuel Type
3.2.2.1.1. CNG
3.2.2.1.2. Diesel
3.2.2.1.3. Gasoline
3.2.2.1.4. LPG
3.3. Region
3.3.1. Africa
3.3.1.1. South Africa
3.3.2. Asia-Pacific
3.3.2.1. Australia
3.3.2.2. China
3.3.2.3. India
3.3.2.4. Indonesia
3.3.2.5. Malaysia
3.3.2.6. South Korea
3.3.2.7. Thailand
3.3.2.8. Rest-of-APAC
3.3.3. Europe
3.3.3.1. Austria
3.3.3.2. Belgium
3.3.3.3. Czech Republic
3.3.3.4. Denmark
3.3.3.5. Estonia
3.3.3.6. France
3.3.3.7. Germany
3.3.3.8. Ireland
3.3.3.9. Italy
3.3.3.10. Latvia
3.3.3.11. Lithuania
3.3.3.12. Norway
3.3.3.13. Poland
3.3.3.14. Russia
3.3.3.15. Spain
3.3.3.16. Sweden
3.3.3.17. UK
3.3.3.18. Rest-of-Europe
3.3.4. Middle East
3.3.4.1. UAE
3.3.4.2. Rest-of-MEA
3.3.5. Miidle East
3.3.6. North America
3.3.6.1. Canada
3.3.6.2. Mexico
3.3.6.3. US
3.3.6.4. Rest-of-North America
3.3.7. South America
3.3.7.1. Rest-of-Latin America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Ashok Leyland
4.4.2. BAIC Group
4.4.3. BYD Motors Inc.
4.4.4. Daimler AG
4.4.5. Dongfeng Motor Corporation
4.4.6. Ford Motor Company
4.4.7. General Motors Company
4.4.8. Groupe Renault
4.4.9. Isuzu Motors Ltd
4.4.10. Mahindra & Mahindra
4.4.11. Nissan Motor Company Ltd
4.4.12. Rivian Automotive LLC
4.4.13. Tata Motors
4.4.14. Tesla Inc.
4.4.15. Volkswagen AG
4.4.16. Volvo AB
5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter's Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
- Figure 2:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
- Figure 3:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
- Figure 4:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
- Figure 5:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
- Figure 6:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
- Figure 7:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
- Figure 8:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
- Figure 9:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
- Figure 10:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
- Figure 11:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
- Figure 12:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
- Figure 13:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
- Figure 14:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
- Figure 15:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
- Figure 16:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
- Figure 17:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
- Figure 18:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
- Figure 19:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 20:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 21:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 22:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 23:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 24:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 25:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 26:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 27:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 28:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 29:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 30:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 31:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
- Figure 32:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
- Figure 33:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
- Figure 34:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
- Figure 35:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
- Figure 36:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
- Figure 37:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
- Figure 38:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
- Figure 39:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
- Figure 40:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
- Figure 41:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
- Figure 42:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
- Figure 43:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 44:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
- Figure 45:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
- Figure 46:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2016 – 2026
- Figure 47:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 48:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
- Figure 49:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
- Figure 50:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
- Figure 51:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2016-2028
- Figure 52:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2016-2028
- Figure 53:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
- Figure 54:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2016-2028
- Figure 55:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2016-2028
- Figure 56:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
- Figure 57:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 58:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028
- Figure 59:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
- Figure 60:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
- Figure 61:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 62:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
- Figure 63:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
- Figure 64:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
- Figure 65:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
- Figure 66:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2016-2028
- Figure 67:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 68:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
- Figure 69:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
- Figure 70:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 71:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
- Figure 72:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2016-2028
- Figure 73:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 74:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
- Figure 75:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
- Figure 76:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 77:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 78:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
- Figure 79:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
- Figure 80:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
- Figure 81:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VOLUME IN UNITS, 2016-2028
- Figure 82:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VALUE IN USD, 2016-2028
- Figure 83:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 84:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VOLUME IN UNITS, 2016-2028
- Figure 85:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VALUE IN USD, 2016-2028
- Figure 86:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 87:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2016-2028
- Figure 88:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VALUE IN USD, 2016-2028
- Figure 89:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 90:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VOLUME IN UNITS, 2016-2028
- Figure 91:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VALUE IN USD, 2016-2028
- Figure 92:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 93:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REGION, BY VOLUME IN UNITS, 2016-2028
- Figure 94:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REGION, BY VALUE IN USD, 2016-2028
- Figure 95:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
- Figure 96:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
- Figure 97:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
- Figure 98:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
- Figure 99:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 100:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 101:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2016-2028
- Figure 102:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2016-2028
- Figure 103:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 104:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
- Figure 105:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
- Figure 106:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 107:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 108:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2016-2028
- Figure 109:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRALIA, BY VALUE IN USD, 2016-2028
- Figure 110:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 111:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CHINA, BY VOLUME IN UNITS, 2016-2028
- Figure 112:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CHINA, BY VALUE IN USD, 2016-2028
- Figure 113:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 114:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDIA, BY VOLUME IN UNITS, 2016-2028
- Figure 115:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDIA, BY VALUE IN USD, 2016-2028
- Figure 116:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 117:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2016-2028
- Figure 118:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDONESIA, BY VALUE IN USD, 2016-2028
- Figure 119:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 120:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2016-2028
- Figure 121:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MALAYSIA, BY VALUE IN USD, 2016-2028
- Figure 122:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 123:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2016-2028
- Figure 124:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2016-2028
- Figure 125:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 126:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY THAILAND, BY VOLUME IN UNITS, 2016-2028
- Figure 127:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY THAILAND, BY VALUE IN USD, 2016-2028
- Figure 128:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 129:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2016-2028
- Figure 130:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2016-2028
- Figure 131:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 132:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
- Figure 133:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
- Figure 134:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 135:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 136:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028
- Figure 137:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028
- Figure 138:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 139:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028
- Figure 140:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028
- Figure 141:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 142:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028
- Figure 143:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028
- Figure 144:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 145:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028
- Figure 146:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028
- Figure 147:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 148:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028
- Figure 149:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028
- Figure 150:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 151:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028
- Figure 152:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028
- Figure 153:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 154:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028
- Figure 155:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028
- Figure 156:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 157:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028
- Figure 158:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028
- Figure 159:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 160:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028
- Figure 161:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2016-2028
- Figure 162:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 163:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028
- Figure 164:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028
- Figure 165:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 166:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028
- Figure 167:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028
- Figure 168:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 169:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028
- Figure 170:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028
- Figure 171:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 172:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028
- Figure 173:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2016-2028
- Figure 174:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 175:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028
- Figure 176:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028
- Figure 177:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 178:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028
- Figure 179:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028
- Figure 180:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 181:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028
- Figure 182:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028
- Figure 183:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 184:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028
- Figure 185:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2016-2028
- Figure 186:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 187:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028
- Figure 188:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028
- Figure 189:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 190:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
- Figure 191:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
- Figure 192:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 193:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 194:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY UAE, BY VOLUME IN UNITS, 2016-2028
- Figure 195:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY UAE, BY VALUE IN USD, 2016-2028
- Figure 196:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 197:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-MEA, BY VOLUME IN UNITS, 2016-2028
- Figure 198:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-MEA, BY VALUE IN USD, 2016-2028
- Figure 199:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 200:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
- Figure 201:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
- Figure 202:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 203:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 204:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
- Figure 205:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
- Figure 206:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 207:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 208:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028
- Figure 209:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CANADA, BY VALUE IN USD, 2016-2028
- Figure 210:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 211:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028
- Figure 212:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028
- Figure 213:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 214:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY US, BY VOLUME IN UNITS, 2016-2028
- Figure 215:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY US, BY VALUE IN USD, 2016-2028
- Figure 216:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 217:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028
- Figure 218:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028
- Figure 219:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 220:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
- Figure 221:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
- Figure 222:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 223:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 224:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-LATIN AMERICA, BY VOLUME IN UNITS, 2016-2028
- Figure 225:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-LATIN AMERICA, BY VALUE IN USD, 2016-2028
- Figure 226:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 227:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 228:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 229:
- GLOBAL LIGHT COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Light Commercial Vehicles (LCV) Industry Segmentation
Commercial Vehicles are covered as segments by Vehicle Type. Hybrid And Electric Vehicles, ICE are covered as segments by Engine Type. Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America are covered as segments by Region.Vehicle Type | ||||
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Market Definition
- Body Type - Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
- Engine Type - This includes Hybrid and electric vehicles and Internal combustion engines (ICE).
- Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV while ICE includes Gasoline, Diesel, CNG, LPG.
- Sub Body Type - Under this category, light commercial pickup trucks, and light commercial vans have been included.
- Vehicle Type - Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs).
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms