Pune, India -- (SBWIRE) -- 03/11/2019 -- Global Light Vehicles Market is expected to grow with a steady CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to the growing levels of innovations and advancements in the technology utilized in the products.
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Key Competitors in Light Vehicles Market:
1.Toyota Motor Corporation
2.Volkswagen AG
3.HYUNDAI MOTOR GROUP
4.Fiat Chrysler Automobiles
5.Honda Motor
6.Groupe Renault
7.Nissan
8.ASHOK LEYLAND
9.Suzuki motor corporation
10.MITSUBISHI MOTORS CORPORATION and more

Key Developments in the Market:
-In April 2018, Tata Motors announced the launch of "Nex-Gen ULTRA" vehicles range from Intermediate & Light Commercial Vehicles. This launch of vehicles range is expected to significantly improve the market share of Tata Motors in the light vehicles.
-In September 2017, ASHOK LEYLAND announced that they are planning to launch a new light commercial vehicle model in every six months till the year 2020. This decision of presenting new models is expected to expand the product portfolio of the company and is expected to be parallel with the growth strategy of the company.

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Market Drivers & Restraints:

-Increased concerns regarding the environment and demand for fuel-efficient and durable vehicles is expected to be one of the major factors driving the market growth
-Growing advancements in the technology used resulting in innovative product launches that are highly fuel-efficient without compensating on the designated carry load
-Market
-Low return on investment on these commercial vehicles due to their high costs

Segmentation:

Type
-Passenger Vehicle
-Commercial Vehicle

Geography
-North America
-South America
-Europe
-Asia-Pacific
-Middle East & Africa

Competitive Analysis: Global light vehicles market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of light vehicles market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa

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