Report overview
A commercial vehicle is a vehicle that is licensed to be used for the transportation of goods or materials rather than passengers. Light to medium-sized commercial vehicles are used to transport relatively light goods.
This report contains market size and forecasts of Light and Medium Commercial Vehicles in global, including the following market information:
Global Light and Medium Commercial Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Light and Medium Commercial Vehicles Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Light and Medium Commercial Vehicles companies in 2021 (%)
The global Light and Medium Commercial Vehicles market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
LCVs Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Light and Medium Commercial Vehicles include Mercedes-Benz, BMW, Ford, Hyundai, Toyota, Volkswagen, Nissan and Citroen, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Light and Medium Commercial Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Light and Medium Commercial Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Light and Medium Commercial Vehicles Market Segment Percentages, by Type, 2021 (%)
LCVs
MCVs
Global Light and Medium Commercial Vehicles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Light and Medium Commercial Vehicles Market Segment Percentages, by Application, 2021 (%)
Personal Use
Small/medium Enterprise
Agricultural
Others
Global Light and Medium Commercial Vehicles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Light and Medium Commercial Vehicles Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Light and Medium Commercial Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Light and Medium Commercial Vehicles revenues share in global market, 2021 (%)
Key companies Light and Medium Commercial Vehicles sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Light and Medium Commercial Vehicles sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Mercedes-Benz
BMW
Ford
Hyundai
Toyota
Volkswagen
Nissan
Citroen
