Light Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Light Commercial Vehicles Market report segments the industry into Vehicle Type (Commercial Vehicles), Propulsion Type (Hybrid And Electric Vehicles, ICE), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Get five years of historical data alongside five-year market forecasts.

Light Commercial Vehicles Market Size

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Compare market size and growth of Light Commercial Vehicles Market with other markets in Automotive Industry

Light Commercial Vehicles Market Analysis

The Light Commercial Vehicles Market size is estimated at 516.9 billion USD in 2025, and is expected to reach 659.9 billion USD by 2029, growing at a CAGR of 6.30% during the forecast period (2025-2029).

The light commercial vehicles (LCV) industry is experiencing significant transformation driven by evolving consumer behaviors and the acceleration of digital commerce. The exponential growth of e-commerce, which generated USD 26.7 trillion in global sales by 2021, has fundamentally reshaped logistics requirements and delivery patterns. This shift has catalyzed demand for more efficient and versatile commercial vehicles, particularly in urban areas where last-mile delivery optimization is crucial. The integration of advanced technologies in LCVs, including telematics and route optimization systems, is becoming increasingly prevalent as fleet operators seek to enhance operational efficiency and reduce costs.

Infrastructure development and urbanization continue to play pivotal roles in shaping the light commercial vehicle market landscape. The construction sector's recovery and the expansion of smart city initiatives across major economies have generated substantial demand for light commercial vehicles. Municipal authorities and private developers are increasingly prioritizing sustainable urban logistics solutions, leading to the establishment of urban consolidation centers and green delivery zones. These developments are compelling manufacturers to adapt their product offerings to meet evolving urban mobility requirements while adhering to stricter environmental regulations.

Manufacturing strategies in the light commercial vehicle industry are undergoing substantial evolution, with major manufacturers implementing advanced production technologies and restructuring their supply chains for greater resilience. A notable example is Toyota's December 2022 announcement of a USD 1.29 billion investment in a new battery manufacturing facility in North Carolina, highlighting the industry's commitment to future mobility solutions. Companies are increasingly adopting flexible manufacturing systems that can accommodate both traditional and alternative powertrains, ensuring adaptability to changing market demands and regulatory requirements.

Strategic partnerships and industry consolidation are becoming increasingly prevalent as companies seek to share development costs and accelerate innovation. Ford's introduction of the all-electric E-Transit in the UK in April 2022 exemplifies this trend, demonstrating the industry's commitment to sustainable transportation solutions. Manufacturers are forming alliances with technology providers, charging infrastructure developers, and logistics companies to create comprehensive mobility ecosystems. These collaborations are essential for addressing the complex challenges of the modern commercial vehicle industry, from vehicle electrification to connected fleet management solutions.

Segment Analysis: Vehicle Type

Light Commercial Pick-up Trucks Segment in Light Commercial Vehicles Market

The light commercial pick-up trucks segment dominates the global light commercial vehicles market, commanding approximately 87% market share in 2024. This substantial market presence is driven by the segment's versatility in serving diverse industries, from construction and agriculture to last-mile delivery services. The segment's growth is primarily fueled by the expanding e-commerce sector, heightened demands for swift and dependable deliveries, and a growing preference for eco-friendly vehicles. Pick-up trucks have emerged as the preferred choice in the light commercial vehicle market globally, particularly due to their adaptability in both urban and rural environments. The segment's robust performance is further strengthened by notable advancements in battery technology, leading to extended ranges and faster charging times, which are bolstering the practicality and appeal of these vehicles for commercial applications. Additionally, manufacturers' shift toward skateboard architecture in light commercial vehicles is gaining traction, emphasizing heightened efficiency and productivity.

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Light Commercial Vans Segment in Light Commercial Vehicles Market

The light commercial vans segment represents a crucial component of the market, serving as the backbone of urban logistics and delivery operations. These vehicles are particularly well-suited for navigating congested city streets and providing efficient last-mile delivery solutions. The segment has witnessed significant transformation with the introduction of electric variants, addressing growing environmental concerns and meeting stringent emission regulations in urban areas. Manufacturers are increasingly focusing on developing innovative features and technologies specifically for commercial vans, including advanced safety systems, improved cargo management solutions, and enhanced driver comfort features. The segment's evolution is closely tied to the changing dynamics of urban mobility and the growing emphasis on sustainable transportation solutions in metropolitan areas.

Segment Analysis: Propulsion Type

ICE Segment in Light Commercial Vehicles Market

The Internal Combustion Engine (ICE) segment continues to dominate the global light commercial vehicles market, commanding approximately 89% market share in 2024. This dominance is primarily attributed to the widespread availability of fuel infrastructure, lower initial vehicle costs, and established manufacturing capabilities. The segment encompasses gasoline, diesel, CNG, and LPG-powered vehicles, with gasoline and diesel variants accounting for the majority of sales. The robust aftermarket support, extensive service network, and proven reliability of ICE vehicles continue to make them the preferred choice for commercial fleet operators, particularly in regions with developing charging infrastructure for alternative powertrains.

BEV Segment in Light Commercial Vehicles Market

The Battery Electric Vehicle (BEV) segment is experiencing remarkable growth in the light commercial vehicles market, projected to expand significantly between 2024 and 2029. This growth is driven by increasing environmental regulations, government incentives, and the rising demand for sustainable transportation solutions in urban logistics. Fleet operators are increasingly recognizing the long-term cost benefits of electric vehicles, including lower operational and maintenance expenses. The segment's expansion is further supported by improvements in battery technology, extended vehicle range capabilities, and the rapid development of charging infrastructure across major markets.

Remaining Segments in Propulsion Type

The other propulsion segments in the light commercial vehicles market include Fuel Cell Electric Vehicles (FCEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV). These segments represent transitional technologies bridging the gap between traditional ICE vehicles and fully electric solutions. HEVs offer improved fuel efficiency while maintaining the convenience of traditional fueling, while PHEVs provide the flexibility of both electric and conventional powertrains. FCEVs, though currently with limited market presence, are gaining attention for their potential in long-haul commercial applications due to their quick refueling capabilities and extended range.

Light Commercial Vehicles Market Geography Segment Analysis

Light Commercial Vehicles Market in Africa

The African light commercial vehicles market demonstrates unique characteristics shaped by diverse economic landscapes across the continent. South Africa stands as the region's most developed automotive market, benefiting from established manufacturing facilities and a robust dealer network. The continent's automotive sector is experiencing transformation driven by urbanization, infrastructure development, and growing demand for efficient transportation solutions. While most African nations have historically relied on imported vehicles, there is an emerging trend toward local assembly operations and an increased focus on after-sales services to support the growing vehicle parc.

Market Analysis of Light Commercial Vehicles Market: Forecasted Growth Rate by Region
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Light Commercial Vehicles Market in Asia-Pacific

The Asia-Pacific light commercial vehicles market exhibits dynamic growth patterns influenced by rapid urbanization, expanding e-commerce sectors, and evolving logistics needs across diverse economies. The region's market is characterized by strong domestic manufacturing capabilities, particularly in countries like China, Japan, and India, alongside emerging production hubs in Southeast Asian nations. The shift toward electric mobility, supported by government initiatives and increasing environmental consciousness, is reshaping the market landscape across the region.

Light Commercial Vehicles Market in India

India emerges as the largest market in the Asia-Pacific region, commanding approximately 25% of the regional market share in 2024. The country's dominance is underpinned by its robust manufacturing ecosystem, extensive dealer networks, and growing demand from both urban and rural sectors. The market benefits from strong government support through initiatives like 'Make in India' and policies promoting electric vehicle adoption, particularly in the LCV segment.

Light Commercial Vehicles Market in Japan

Japan represents the fastest-growing market in the Asia-Pacific region, with a projected growth rate of approximately 7% from 2024 to 2029. The country's market expansion is driven by technological innovation, particularly in electric and hybrid vehicles, alongside strong demand from the e-commerce and logistics sectors. Japan's advanced infrastructure and supportive regulatory environment continue to facilitate market growth, while its manufacturers maintain leadership in developing innovative light commercial vehicle solutions.

Global Light Commercial Vehicle Market Overview

The global light commercial vehicle market is poised for significant growth, driven by technological advancements and increasing demand for efficient transportation solutions. This market encompasses a wide range of vehicles designed for commercial use, including vans, trucks, and other light-duty vehicles. As urbanization and e-commerce continue to expand, the demand for light commercial vehicles is expected to rise, with key markets such as North America and Europe leading the way.

Commercial Vehicle Market Trends

The commercial vehicle market is undergoing a transformation with the integration of advanced technologies and a shift towards sustainable practices. Electric and hybrid vehicles are gaining traction, supported by government incentives and a growing focus on reducing carbon emissions. This trend is particularly evident in developed regions, where infrastructure development and regulatory support are facilitating the adoption of cleaner vehicle technologies.

Light Commercial Vehicles Industry Overview

Top Companies in Light Commercial Vehicles Market

The light commercial vehicles market is characterized by intense competition and continuous innovation among major players. Companies are increasingly focusing on electric vehicle development, with many manufacturers launching new electric variants of their popular models while simultaneously improving conventional vehicle offerings. Strategic partnerships and collaborations have become crucial, particularly in developing charging infrastructure and sharing technological expertise. Operational agility is demonstrated through flexible manufacturing processes and adaptable supply chain management, allowing companies to respond quickly to market demands. Geographic expansion remains a key strategy, with companies establishing new manufacturing facilities and strengthening their presence in emerging markets. The industry also witnesses significant investment in research and development, particularly in areas such as autonomous driving capabilities, connected vehicle technologies, and sustainable manufacturing practices.

Global Leaders Dominate Fragmented Market Structure

The light commercial vehicles market exhibits a fragmented structure with a mix of global automotive giants and regional specialists. Major players like Ford, Volkswagen, and General Motors leverage their extensive manufacturing capabilities, established distribution networks, and strong brand recognition to maintain market leadership. Regional players, particularly in emerging markets like China and India, maintain significant local market share through their understanding of specific market needs and established dealer networks. The market also includes specialized electric vehicle manufacturers who are gaining prominence through innovative technology offerings and focused market strategies.

The industry has witnessed strategic consolidations through mergers, acquisitions, and joint ventures, particularly in emerging technologies and markets. Companies are forming strategic alliances to share development costs and technological expertise, especially in electric vehicle development and autonomous driving capabilities. These partnerships often cross traditional competitive boundaries, with automotive manufacturers collaborating with technology companies and startups. The market also sees vertical integration efforts, with manufacturers investing in battery production and charging infrastructure to secure their supply chains and enhance their competitive position.

Innovation and Sustainability Drive Future Success

For incumbent players to maintain and expand their market share, focus on technological innovation and sustainability will be crucial. Companies must invest in developing advanced electric powertrains, improving battery technology, and expanding charging infrastructure. Success will depend on balancing traditional vehicle offerings with new electric models while maintaining cost competitiveness. Building strong relationships with suppliers, particularly for critical components like semiconductors and batteries, will be essential. Companies must also focus on digitalizing their operations and enhancing their after-sales service networks to meet evolving customer expectations.

New entrants and challenger brands can gain ground by focusing on specific market segments or regions where they can build competitive advantages. Success factors include developing innovative business models, such as mobility-as-a-service offerings, and leveraging digital technologies for enhanced customer experience. Companies must navigate increasing regulatory pressures, particularly regarding emissions standards and safety requirements, while maintaining profitability. The risk of substitution from alternative transportation modes remains moderate, though this varies by region and use case. Building strong relationships with commercial fleet operators and understanding their specific needs will be crucial for long-term success in this commercial vehicle industry.

Light Commercial Vehicles Market Leaders

  1. BAIC Motor Corporation Ltd.

  2. Dongfeng Motor Corporation

  3. Ford Motor Company

  4. General Motors Company

  5. Volkswagen AG

  6. *Disclaimer: Major Players sorted in no particular order
Light Commercial Vehicles Market Concentration
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Light Commercial Vehicles Market News

  • August 2023: General Motors is expected to launch an all-electric Cadillac Escalade in late 2024.
  • August 2023: General Motors doubled down on plans for an electric future in the Middle East.
  • August 2023: Gabriel India Limited (Gabriel India), a flagship company of Anand Group, announced that during the quarter that ended on June 30, 2023, it developed components for Maruti Suzuki Jimny and Stellantis Electric Citroen C3. At present, it is developing parts for new models of VW, Tata, Stellantis, Mahindra, and Maruti Suzuki.

Free With This Report

For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.

Light Commercial Vehicles Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Light Commercial Vehicles Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Light Commercial Vehicles Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Light Commercial Vehicles Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Light Commercial Vehicles Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Population
    • 4.1.1 Africa
    • 4.1.2 Asia-Pacific
    • 4.1.3 Europe
    • 4.1.4 Middle East
    • 4.1.5 North America
    • 4.1.6 South America
  • 4.2 GDP Per Capita
    • 4.2.1 Africa
    • 4.2.2 Asia-Pacific
    • 4.2.3 Europe
    • 4.2.4 Middle East
    • 4.2.5 North America
    • 4.2.6 South America
  • 4.3 Consumer Spending For Vehicle Purchase (cvp)
    • 4.3.1 Africa
    • 4.3.2 Asia-Pacific
    • 4.3.3 Europe
    • 4.3.4 Middle East
    • 4.3.5 North America
    • 4.3.6 South America
  • 4.4 Inflation
    • 4.4.1 Africa
    • 4.4.2 Asia-Pacific
    • 4.4.3 Europe
    • 4.4.4 Middle East
    • 4.4.5 North America
    • 4.4.6 South America
  • 4.5 Interest Rate For Auto Loans
  • 4.6 Impact Of Electrification
  • 4.7 EV Charging Station
  • 4.8 Battery Pack Price
    • 4.8.1 Africa
    • 4.8.2 Asia-Pacific
    • 4.8.3 Europe
    • 4.8.4 Middle East
    • 4.8.5 North America
    • 4.8.6 South America
  • 4.9 New Xev Models Announced
  • 4.10 Logistics Performance Index
    • 4.10.1 Africa
    • 4.10.2 Asia-Pacific
    • 4.10.3 Europe
    • 4.10.4 Middle East
    • 4.10.5 North America
    • 4.10.6 South America
  • 4.11 Fuel Price
  • 4.12 Oem-wise Production Statistics
  • 4.13 Regulatory Framework
  • 4.14 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Vehicle Type
    • 5.1.1 Commercial Vehicles
    • 5.1.1.1 Light Commercial Pick-up Trucks
    • 5.1.1.2 Light Commercial Vans
  • 5.2 Propulsion Type
    • 5.2.1 Hybrid and Electric Vehicles
    • 5.2.1.1 By Fuel Category
    • 5.2.1.1.1 BEV
    • 5.2.1.1.2 FCEV
    • 5.2.1.1.3 HEV
    • 5.2.1.1.4 PHEV
    • 5.2.2 ICE
    • 5.2.2.1 By Fuel Category
    • 5.2.2.1.1 CNG
    • 5.2.2.1.2 Diesel
    • 5.2.2.1.3 Gasoline
    • 5.2.2.1.4 LPG
  • 5.3 Region
    • 5.3.1 Africa
    • 5.3.1.1 South Africa
    • 5.3.1.2 Rest-of-Africa
    • 5.3.2 Asia-Pacific
    • 5.3.2.1 Australia
    • 5.3.2.2 China
    • 5.3.2.3 India
    • 5.3.2.4 Indonesia
    • 5.3.2.5 Japan
    • 5.3.2.6 Malaysia
    • 5.3.2.7 South Korea
    • 5.3.2.8 Thailand
    • 5.3.2.9 Rest-of-APAC
    • 5.3.3 Europe
    • 5.3.3.1 Austria
    • 5.3.3.2 Belgium
    • 5.3.3.3 Czech Republic
    • 5.3.3.4 Denmark
    • 5.3.3.5 Estonia
    • 5.3.3.6 France
    • 5.3.3.7 Germany
    • 5.3.3.8 Ireland
    • 5.3.3.9 Italy
    • 5.3.3.10 Latvia
    • 5.3.3.11 Lithuania
    • 5.3.3.12 Norway
    • 5.3.3.13 Poland
    • 5.3.3.14 Russia
    • 5.3.3.15 Spain
    • 5.3.3.16 Sweden
    • 5.3.3.17 UK
    • 5.3.3.18 Rest-of-Europe
    • 5.3.4 Middle East
    • 5.3.4.1 Saudi Arabia
    • 5.3.4.2 UAE
    • 5.3.4.3 Rest-of-Middle East
    • 5.3.5 North America
    • 5.3.5.1 Canada
    • 5.3.5.2 Mexico
    • 5.3.5.3 US
    • 5.3.5.4 Rest-of-North America
    • 5.3.6 South America
    • 5.3.6.1 Argentina
    • 5.3.6.2 Brazil
    • 5.3.6.3 Rest-of-South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Ashok Leyland Limited
    • 6.4.2 BAIC Motor Corporation Ltd.
    • 6.4.3 BYD Auto Co. Ltd.
    • 6.4.4 Daimler AG (Mercedes-Benz AG)
    • 6.4.5 Dongfeng Motor Corporation
    • 6.4.6 Ford Motor Company
    • 6.4.7 General Motors Company
    • 6.4.8 Groupe Renault
    • 6.4.9 Isuzu Motors Limited
    • 6.4.10 Mahindra & Mahindra Limited
    • 6.4.11 Nissan Motor Co. Ltd.
    • 6.4.12 Rivian Automotive Inc.
    • 6.4.13 Tata Motors Limited
    • 6.4.14 Volkswagen AG
    • 6.4.15 Volvo Group
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

List of Tables & Figures

  1. Figure 1:  
  2. POPULATION TRENDS, VOLUME IN UNITS, AFRICA, 2017 - 2030
  1. Figure 2:  
  2. POPULATION TRENDS, VOLUME IN UNITS, ASIA-PACIFIC, 2017 - 2030
  1. Figure 3:  
  2. POPULATION TRENDS, VOLUME IN UNITS, EUROPE, 2017 - 2030
  1. Figure 4:  
  2. POPULATION TRENDS, VOLUME IN UNITS, MIDDLE EAST, 2017 - 2030
  1. Figure 5:  
  2. POPULATION TRENDS, VOLUME IN UNITS, NORTH AMERICA, 2017 - 2030
  1. Figure 6:  
  2. POPULATION TRENDS, VOLUME IN UNITS, SOUTH AMERICA, 2017 - 2030
  1. Figure 7:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, AFRICA, 2017 - 2030
  1. Figure 8:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 9:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 10:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, MIDDLE EAST, 2017 - 2030
  1. Figure 11:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 12:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 13:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, AFRICA, 2017 - 2030
  1. Figure 14:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 15:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 16:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, MIDDLE EAST, 2017 - 2030
  1. Figure 17:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 18:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 19:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, AFRICA, 2017 - 2030
  1. Figure 20:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, ASIA-PACIFIC, 2017 - 2030
  1. Figure 21:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, EUROPE, 2017 - 2030
  1. Figure 22:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, MIDDLE EAST, 2017 - 2030
  1. Figure 23:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, NORTH AMERICA, 2017 - 2030
  1. Figure 24:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, SOUTH AMERICA, 2017 - 2030
  1. Figure 25:  
  2. AUTO LOAN INTEREST RATES, PERCENTAGE, GLOBAL, 2017 - 2022
  1. Figure 26:  
  2. ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, GLOBAL, 2017 - 2030
  1. Figure 27:  
  2. CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, GLOBAL, 2017 - 2022
  1. Figure 28:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, AFRICA, 2017 - 2030
  1. Figure 29:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 30:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 31:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, MIDDLE EAST, 2017 - 2030
  1. Figure 32:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 33:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 34:  
  2. ANNOUNCEMENT OF NEW XEV MODELS, BY VEHICLE TYPE, VOLUME IN UNITS, GLOBAL, 2023 - 2027
  1. Figure 35:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, AFRICA, 2017 - 2030
  1. Figure 36:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, ASIA-PACIFIC, 2017 - 2030
  1. Figure 37:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, EUROPE, 2017 - 2030
  1. Figure 38:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, MIDDLE EAST, 2017 - 2030
  1. Figure 39:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, NORTH AMERICA, 2017 - 2030
  1. Figure 40:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, SOUTH AMERICA, 2017 - 2030
  1. Figure 41:  
  2. FUEL PRICE, BY FUEL TYPE, USD/LITER, GLOBAL, 2017 - 2022
  1. Figure 42:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2017 - 2030
  1. Figure 43:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2017 - 2030
  1. Figure 44:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY VEHICLE BODY TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 45:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY VEHICLE BODY TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 46:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 47:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 48:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 49:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2017 - 2030
  1. Figure 50:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 51:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 52:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2017 - 2030
  1. Figure 53:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 54:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY PROPULSION TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 55:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY PROPULSION TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 56:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 57:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 58:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 59:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 60:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 61:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 62:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 63:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 64:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 65:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 66:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 67:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 68:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 69:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 70:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 71:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 72:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 73:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 74:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 75:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 76:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 77:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 78:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 79:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VALUE IN USD, 2017 - 2030
  1. Figure 80:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 81:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 82:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VALUE IN USD, 2017 - 2030
  1. Figure 83:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 84:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 85:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VALUE IN USD, 2017 - 2030
  1. Figure 86:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 87:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 88:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VALUE IN USD, 2017 - 2030
  1. Figure 89:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 90:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REGION, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 91:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REGION, BY VALUE IN USD, 2017 - 2030
  1. Figure 92:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 93:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 94:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 95:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 96:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 97:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 98:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 99:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2017 - 2030
  1. Figure 100:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 101:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-AFRICA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 102:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-AFRICA, BY VALUE IN USD, 2017 - 2030
  1. Figure 103:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 104:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 105:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 106:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 107:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 108:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 109:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRALIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 110:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 111:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CHINA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 112:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CHINA, BY VALUE IN USD, 2017 - 2030
  1. Figure 113:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 114:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 115:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 116:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 117:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 118:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDONESIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 119:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 120:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY JAPAN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 121:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY JAPAN, BY VALUE IN USD, 2017 - 2030
  1. Figure 122:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 123:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 124:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MALAYSIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 125:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 126:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 127:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2017 - 2030
  1. Figure 128:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 129:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY THAILAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 130:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY THAILAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 131:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 132:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 133:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2017 - 2030
  1. Figure 134:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 135:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 136:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 137:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 138:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 139:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 140:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 141:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 142:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 143:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2017 - 2030
  1. Figure 144:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 145:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 146:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2017 - 2030
  1. Figure 147:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 148:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 149:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2017 - 2030
  1. Figure 150:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 151:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 152:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 153:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 154:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 155:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2017 - 2030
  1. Figure 156:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 157:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 158:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2017 - 2030
  1. Figure 159:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 160:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 161:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 162:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 163:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 164:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2017 - 2030
  1. Figure 165:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 166:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 167:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 168:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 169:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 170:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 171:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 172:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 173:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2017 - 2030
  1. Figure 174:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 175:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 176:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 177:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 178:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 179:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 180:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 181:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 182:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2017 - 2030
  1. Figure 183:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 184:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 185:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2017 - 2030
  1. Figure 186:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 187:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 188:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2017 - 2030
  1. Figure 189:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 190:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 191:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 192:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 193:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 194:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 195:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 196:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 197:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SAUDI ARABIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 198:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SAUDI ARABIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 199:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 200:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY UAE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 201:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY UAE, BY VALUE IN USD, 2017 - 2030
  1. Figure 202:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 203:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-MIDDLE EAST, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 204:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-MIDDLE EAST, BY VALUE IN USD, 2017 - 2030
  1. Figure 205:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 206:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 207:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 208:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 209:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 210:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CANADA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 211:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CANADA, BY VALUE IN USD, 2017 - 2030
  1. Figure 212:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 213:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MEXICO, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 214:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MEXICO, BY VALUE IN USD, 2017 - 2030
  1. Figure 215:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 216:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY US, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 217:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY US, BY VALUE IN USD, 2017 - 2030
  1. Figure 218:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 219:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 220:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2017 - 2030
  1. Figure 221:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 222:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 223:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 224:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 225:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 226:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ARGENTINA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 227:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ARGENTINA, BY VALUE IN USD, 2017 - 2030
  1. Figure 228:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 229:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BRAZIL, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 230:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BRAZIL, BY VALUE IN USD, 2017 - 2030
  1. Figure 231:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 232:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-SOUTH AMERICA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 233:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-SOUTH AMERICA, BY VALUE IN USD, 2017 - 2030
  1. Figure 234:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 235:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
  1. Figure 236:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
  1. Figure 237:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS

Light Commercial Vehicles Industry Segmentation

Commercial Vehicles are covered as segments by Vehicle Type. Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
Vehicle Type Commercial Vehicles Light Commercial Pick-up Trucks
Light Commercial Vans
Propulsion Type Hybrid and Electric Vehicles By Fuel Category BEV
FCEV
HEV
PHEV
ICE By Fuel Category CNG
Diesel
Gasoline
LPG
Region Africa South Africa
Rest-of-Africa
Asia-Pacific Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Rest-of-APAC
Europe Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
Middle East Saudi Arabia
UAE
Rest-of-Middle East
North America Canada
Mexico
US
Rest-of-North America
South America Argentina
Brazil
Rest-of-South America
Vehicle Type
Commercial Vehicles Light Commercial Pick-up Trucks
Light Commercial Vans
Propulsion Type
Hybrid and Electric Vehicles By Fuel Category BEV
FCEV
HEV
PHEV
ICE By Fuel Category CNG
Diesel
Gasoline
LPG
Region
Africa South Africa
Rest-of-Africa
Asia-Pacific Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Rest-of-APAC
Europe Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
Middle East Saudi Arabia
UAE
Rest-of-Middle East
North America Canada
Mexico
US
Rest-of-North America
South America Argentina
Brazil
Rest-of-South America
Need A Different Region or Segment?
Customize Now

Market Definition

  • Vehicle Type - The category covers light commercial vehicle.
  • Vehicle Body Type - This includes Light Commercial Pick-up Trucks and Light Commercial Vans.
  • Fuel Category - The category includes various fuel types such as Gasoline, Diesel, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas), HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles)
Keyword Definition
Electric Vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
BEV A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids.
Plug-in Hybrid EV A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally.
Internal combustion engine An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel.
Hybrid EV A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking.
Commercial Vehicles Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
Passenger Vehicles Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
Light Commercial Vehicles 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.
M&HDT Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
Bus A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses.
Diesel It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed.
Gasoline It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug.
LPG It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study.
CNG It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines.
HEV All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices.
PHEV PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly.
Hatchback These are compact-sized cars with a hatch-type door provided at the rear end.
Sedan These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage.
SUV Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles.
MPV These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive.
Need More Details on Market Definition?
Ask a Question

Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: 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 based on 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. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
  • 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.
research-methodology
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Get More Details On Research Methodology
Download PDF
WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the extended-preview-new-e industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the extended-preview-new-e industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

Light Commercial Vehicles Market Research FAQs

How big is the Global Light Commercial Vehicles Market?

The Global Light Commercial Vehicles Market size is expected to reach USD 516.86 billion in 2025 and grow at a CAGR of 6.30% to reach USD 659.93 billion by 2029.

What is the current Global Light Commercial Vehicles Market size?

In 2025, the Global Light Commercial Vehicles Market size is expected to reach USD 516.86 billion.

Who are the key players in Global Light Commercial Vehicles Market?

BAIC Motor Corporation Ltd., Dongfeng Motor Corporation, Ford Motor Company, General Motors Company and Volkswagen AG are the major companies operating in the Global Light Commercial Vehicles Market.

Which segment has the biggest share in the Global Light Commercial Vehicles Market?

In the Global Light Commercial Vehicles Market, the Light Commercial Pick-up Trucks segment accounts for the largest share by vehicle body type.

Which region has the biggest share in the Global Light Commercial Vehicles Market?

In 2025, Asia-Pacific accounts for the largest share by region in the Global Light Commercial Vehicles Market.

What years does this Global Light Commercial Vehicles Market cover, and what was the market size in 2025?

In 2025, the Global Light Commercial Vehicles Market size was estimated at 516.86 billion. The report covers the Global Light Commercial Vehicles Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Light Commercial Vehicles Market size for years: 2025, 2026, 2027, 2028 and 2029.

Light Commercial Vehicles (LCV) Market Report Snapshots

Access Report