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Europe Light Commercial Vehicle (LCV) Market Growth | 2031
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Europe Light Commercial Vehicle (LCV) Market Growth | 2031

Segments - Europe Light Commercial Vehicle (LCV) Market by Vehicle Types (Pick-up Trucks and Vans), Drive Types (IC Engine and Electric), End-users (Commercial Fleet and Government Fleet), and Geography (Germany, the UK, Italy, France, Spain, and the Rest of Europe) - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031.

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Author : Akash Vedpathak
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Fact-checked by : Vineet Pandey
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Editor : Shruti Bhat

Upcoming | Report ID :AL-3459 | 4.2 Rating | 72 Reviews | 227 Pages | Format : PDF Excel PPT

Report Description


Europe Light Commercial Vehicle (LCV) Market Outlook 2031

The Europe light commercial vehicle (LCV) market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during the forecast period, 2023–2031. The growth of the market is attributed to rapid growth of e-commerce activities.

A light commercial vehicle (LCV) is a four-wheeled motor vehicle that is used to transport products. The mass of LCVs is measured in tones and is used to distinguish them from large trucks. This limit varies between three and seven tones, depending on regional to professional criteria.

Europe Light Commercial Vehicle (LCV) Market Outlook

LCVs have a broader range of applications in several industries, and as a result of this expanded use in various industries, a desire for powerful and efficient LCVs has increased across the globe.

  • Rapid development in the automobile industry is anticipated to drive market growth during forecast period.

  • Government attempts to promote e-mobility are increasing demand for electric vehicles in the logistics sector are key factors propelling the growth of the market.

  • Increasing industrial activities is boosting market growth.

  • Establishment of strict emission standard can hamper the market expansion.

  • The availability of alternate vehicles is estimated to hinder the market growth.

  • Ongoing technological innovations is estimated to spur the market growth.

Scope of Europe Light Commercial Vehicle Market Report

The report on the Europe light commercial vehicle market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Light Commercial Vehicle Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Vehicle Types (Pick-up Trucks and Vans), Drive Types (IC Engine and Electric), and End-users (Commercial Fleet and Government Fleet)

Geographical Scope

Germany, the UK, Italy, France, Spain, and the Rest of Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Groupe PSA; Volkswagen; Ford; Daimler AG; and Groupe Renault

Europe Light Commercial Vehicle Market Segment Insights

Vehicle Types Segment Analysis

Based on vehicles types, the market is divided into pick-up trucks and vans. The vans segment is expected to grow at a rapid pace during the forecast period. Major players in the market are launching novel electric vans. Moreover, Peugeot announced the inclusion of the e-Expert, a fully electric van, to its electric vehicle lineup in 2019.

This electric vehicle was announced to be available in Europe in the second half of 2020, with a battery capacity of 50 or 75 kWh. However, the pick-up truck segment is anticipated to hold a key share of the market in the coming years due to increasing demand for pick-up trucks across Europe.

Europe Light Commercial Vehicle (LCV) Market Vehicle Types Segmentation

Drive Types Segment Analysis

On the basis of drive types, the market is segregated into IC engine and electric. The electric segment is projected to expand at a considerable CAGR during the forecast period owing to rising manufacturing of electric vehicles, which is due to rising environmental concerns and growing fuel prices.

End-user Segment Analysis

Based on end-user, the market is divided into commercial fleet and government fleet. The commercial fleet segment is expected to hold a significant market share during the forecast period. Major car manufacturers are gradually expanding the LCV product line to changing market scenario in the e-commerce industry.

Europe Light Commercial Vehicle (LCV) Market End-Users Segmentation

Regional Outlook

In terms of regions, the Europe light commercial vehicle market is categorized as Germany, the UK, Italy, France, Spain, and the Rest of Europe. Germany is expected to constitute a key share of the market during the projected period. Germany is a key automobile hub in Europe, with numerous well-known automakers such as the Volkswagen Group, BMW Group, and Daimler Group.

Moreover, the country is also a major producer of LCVs. LCV manufacturers in Germany produce more trailers than the country's demand. As a result, the country is a major trailer exporter. However, France is anticipated to expand at a rapid pace during the forecast period due to increased purchasing of LCVs by corporate buyers, as well as the rising use of these vehicles to distribute e-commerce goods.

Segments

The Europe light commercial vehicle (LCV) market has been segmented on the basis of

Vehicle Types

  • Pick-up Trucks
  • Vans

Drive Types

  • IC Engine
  • Electric

End-Users

  • Commercial Fleet
  • Government Fleet

Regions

  • Germany
  • The UK
  • Italy
  • France
  • Spain
  • Rest of Europe

Key Players

Competitive Landscape

Key players competing in the Europe light commercial vehicle market are Groupe PSA; Volkswagen; Ford; Daimler AG; and Groupe Renault. The Europe light commercial vehicle (LCV) market is relatively concentrated, with a small number of active participants due to of the presence of large commercial vehicle manufacturers in the region.

Europe Light Commercial Vehicle (LCV) Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Light Commercial Vehicle (LCV) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Light Commercial Vehicle (LCV) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Light Commercial Vehicle (LCV) Market - Supply Chain
  4.5. Global Light Commercial Vehicle (LCV) Market Forecast
     4.5.1. Light Commercial Vehicle (LCV) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Light Commercial Vehicle (LCV) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Light Commercial Vehicle (LCV) Market Absolute $ Opportunity
5. Global Light Commercial Vehicle (LCV) Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Light Commercial Vehicle (LCV) Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Light Commercial Vehicle (LCV) Demand Share Forecast, 2019-2026
6. North America Light Commercial Vehicle (LCV) Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Light Commercial Vehicle (LCV) Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Light Commercial Vehicle (LCV) Demand Share Forecast, 2019-2026
7. Latin America Light Commercial Vehicle (LCV) Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Light Commercial Vehicle (LCV) Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Light Commercial Vehicle (LCV) Demand Share Forecast, 2019-2026
8. Europe Light Commercial Vehicle (LCV) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Light Commercial Vehicle (LCV) Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Light Commercial Vehicle (LCV) Demand Share Forecast, 2019-2026
9. Asia Pacific Light Commercial Vehicle (LCV) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Light Commercial Vehicle (LCV) Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Light Commercial Vehicle (LCV) Demand Share Forecast, 2019-2026
10. Middle East & Africa Light Commercial Vehicle (LCV) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Light Commercial Vehicle (LCV) Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Light Commercial Vehicle (LCV) Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Light Commercial Vehicle (LCV) Market: Market Share Analysis
  11.2. Light Commercial Vehicle (LCV) Distributors and Customers
  11.3. Light Commercial Vehicle (LCV) Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Methodology

Our Clients

Dassault Aviation
FedEx Logistics
Nestle SA
General Mills
Pfizer
The John Holland Group
Honda Motor Co. Ltd.
General Electric