Lewes, DE -- (SBWire) -- 02/03/2016 --Report forecast the LCV market in Europe to grow at a CAGR of 3.04% during the period 2016 - 2020.
In Europe, LCVs refer to commercial carrier vehicles of gross vehicle weights up to 3.5 tons. Gross vehicle weight refers to the operating weight, that is, the maximum weight a truck can carry while being driven. This includes the actual vehicle weight as well as passengers, cargo, and fuel weight. LCVs in Europe include pick-up trucks and vans that are used to carry a wide range of goods or are utilized as passenger carriers.
LCVs play a crucial role in the delivery of time-critical goods, high-value goods, and support services. They are mainly used in space-strapped urban areas. LCVs vary by use, size, and type.
The report covers the present scenario and the growth prospects of the LCV market in Europe for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of LCVs
The market is divided into the following segments based on regions:
- France
- UK
- Germany
Light Commercial Vehicle (LCV) Market in Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, the rising number of LCVs in Europe has led OEMs and EU regulatory bodies to improve and enhance the safety aspects of LCVs. Numerous OEMs are providing driver training in new technologies and special seminars on safe driving to improve driving skills. Such advanced safety features are expected to drive the market for LCVs in Europe during the forecast period.
Further, the report states that the growing number of regulations to do with fuel economy and emissions is a major challenge for LCV manufacturers.
Key players in the Light Commercial Vehicle Market in Europe: Ford, Peugeot Citroen, Renault, Toyota and Volkswagen
Other Prominent Vendors in the market are: Anhui Jianghuai Automobile, Ashok Leyland, AVTO VAZ, GAZ Group, GM, Hyundai Motor, Isuzu Motors, Paccar, Tata Motors, Opel, and Daimler.
Market driver
- Enhanced safety of LCVs
- For a full, detailed list, view our report
Market challenge
- Stringent emissions regulations for LCVs
- For a full, detailed list, view our report
Market trend
- Hybrid LCVs and use of natural gas
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages "Light Commercial Vehicle Market in Europe 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/light-commercial-vehicle-market-europe-2016-2020
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