Spain Light Commercial Vehicles Market Size
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2029 | |
Market Size (2024) | USD 585 | |
Market Size (2029) | USD 931 | |
Largest Share by Sub Body Type | Light Commercial Pick-up Trucks | |
CAGR (2024 - 2029) | 9.74 % | |
Fastest Growing by Sub Body Type | Light Commercial Pick-up Trucks | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Spain Light Commercial Vehicles Market Analysis
The Spain Light Commercial Vehicles Market size is estimated at USD 585 in 2024, and is expected to reach USD 931 by 2029, growing at a CAGR of 9.74% during the forecast period (2024-2029).
- Largest Segment by Fuel Type - Gasoline : In Spain, gasoline fuel type has highest growth in light commercial vehicle sales. The availability of gasoline over green fuel options is boosting the demand for gasoline engines in LCV.
- Largest Segment by Sub-Body Type - Light Commercial Pick-up Trucks : The rising usage of Light Commercial Pick-Up Trucks for delivery purposes enhanced the sales of Pick-Up Trucks in the recent years, which makes pick up trucks the largest sub bodt type in Spain
- Fastest-growing Segment by Fuel Type - PHEV : Due to limited electric charging infrastructure, gasoline light commercial vehicles are the fastest-growing fuel type segment. Hence, gasoline engine vehicles are an advantage over other fuel options.
Spain Light Commercial Vehicles Market Trends
This section covers the major market trends shaping the Spain Light Commercial Vehicles Market according to our research experts:
Light Commercial Pick-up Trucks is the largest segment by Sub Body Type.
Spain Light Commercial Vehicles Industry Overview
The Spain Light Commercial Vehicles Market is fairly consolidated, with the top five companies occupying 68.69%. The major players in this market are Citroen, Ford Motor Company, Peugeot, Renault Group and Volkswagen AG (sorted alphabetically).
Spain Light Commercial Vehicles Market Leaders
Citroen
Ford Motor Company
Peugeot
Renault Group
Volkswagen AG
*Disclaimer: Major Players sorted in no particular order
Spain Light Commercial Vehicles 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 agreed to sell its 68% stake in AvtoVAZ to NAMI.
Spain 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
4.2. GDP
4.3. CVP
4.4. Inflation Rate
4.5. Interest Rate For Auto Loans
4.6. Battery Price (per Kwh)
4.7. Electrification Impact
4.8. New XEV Models Announced
4.9. Charging Stations Deployment
4.10. Regulatory Framework
4.11. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
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. Engine Type
5.2.1. Hybrid And Electric Vehicles
5.2.1.1. By Fuel Type
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 Type
5.2.2.1.1. CNG
5.2.2.1.2. Diesel
5.2.2.1.3. Gasoline
5.2.2.1.4. LPG
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. AB Volvo
6.4.2. ADDAX MOTORS NV.
6.4.3. ARRIVAL LTD.
6.4.4. Citroen
6.4.5. Fiat
6.4.6. Ford Motor Company
6.4.7. Maxus
6.4.8. Nissan Motor Company Ltd
6.4.9. Opel
6.4.10. Peugeot
6.4.11. Renault Group
6.4.12. Tesla Inc.
6.4.13. Volkswagen AG
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
List of Tables & Figures
- Figure 1:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
- Figure 2:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
- Figure 3:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
- Figure 4:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 5:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 6:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
- Figure 7:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 8:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
- Figure 9:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
- Figure 10:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
- Figure 11:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2016 – 2026
- Figure 12:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 13:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
- Figure 14:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
- Figure 15:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
- Figure 16:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2016-2028
- Figure 17:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2016-2028
- Figure 18:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
- Figure 19:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2016-2028
- Figure 20:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2016-2028
- Figure 21:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
- Figure 22:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 23:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028
- Figure 24:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2016
- Figure 25:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2016
- Figure 26:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 27:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
- Figure 28:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2016
- Figure 29:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2016
- Figure 30:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
- Figure 31:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2016-2028
- Figure 32:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 33:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
- Figure 34:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
- Figure 35:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 36:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
- Figure 37:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2016-2028
- Figure 38:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 39:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
- Figure 40:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
- Figure 41:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 42:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 43:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
- Figure 44:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2016
- Figure 45:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2016
- Figure 46:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VOLUME IN UNITS, 2016-2028
- Figure 47:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VALUE IN USD, 2016-2028
- Figure 48:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 49:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VOLUME IN UNITS, 2016-2028
- Figure 50:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VALUE IN USD, 2016-2028
- Figure 51:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 52:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2016-2028
- Figure 53:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VALUE IN USD, 2016-2028
- Figure 54:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 55:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VOLUME IN UNITS, 2016-2028
- Figure 56:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VALUE IN USD, 2016-2028
- Figure 57:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
- Figure 58:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 59:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 60:
- SPAIN LIGHT COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Spain Light Commercial Vehicles Industry Segmentation
Commercial Vehicles are covered as segments by Vehicle Type. Hybrid And Electric Vehicles, ICE are covered as segments by Engine Type.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