Report overview
A light commercial vehicle is the official term used for a commercial carrier vehicle with a gross vehicle weight of no more than 3.5 metric tons. Medium commercial vehicles refer to truck Classes 6-7, which have a gross vehicle weight rating range of 19,501- 33,000 lbs.
This report contains market size and forecasts of Light and Medium Commercial Vehicle in global, including the following market information:
Global Light and Medium Commercial Vehicle Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Light and Medium Commercial Vehicle Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Light and Medium Commercial Vehicle companies in 2021 (%)
The global Light and Medium Commercial Vehicle 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 Vehicle include Daimler, Ford Motor, Hyundai Motor, Toyota Motor and Volkswagen, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Light and Medium Commercial Vehicle 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 Vehicle Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Light and Medium Commercial Vehicle Market Segment Percentages, by Type, 2021 (%)
LCVs
MCVs
Global Light and Medium Commercial Vehicle Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Light and Medium Commercial Vehicle Market Segment Percentages, by Application, 2021 (%)
Bus
Truck
Global Light and Medium Commercial Vehicle Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Light and Medium Commercial Vehicle 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 Vehicle revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Light and Medium Commercial Vehicle revenues share in global market, 2021 (%)
Key companies Light and Medium Commercial Vehicle sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Light and Medium Commercial Vehicle sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Daimler
Ford Motor
Hyundai Motor
Toyota Motor
Volkswagen
