Global Light Commercial Vehicle Market (2020 to 2027) - by Vehicle Type, Tonnage Capacity, Fuel Type and Region
May 12, 2021 05:33 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The Global Light Commercial Vehicle Market is expected to grow from 11.83 million units in 2020 to 16.03 million units by 2026 on account of easy availability of vehicle financing schemes, surge in the number of infrastructural projects and booming logistics and E-commerce sector. Sales of light commercial vehicles worldwide grew from 12.73 million units in 2016 to 13.53 million units in 2019. Due to COVID-19, sales of light commercial vehicle plummeted; however, the market is estimated to bounce back and reach 16.03 million units by 2026. Until 2019, light commercial vehicles accounted for 75% of the global commercial vehicle sales and increased demand for last mile connectivity is forecast the
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ResearchAndMarkets.com s offering.
The Global Light Commercial Vehicle Market is expected to grow from 11.83 million units in 2020 to 16.03 million units by 2026 on account of easy availability of vehicle financing schemes, surge in the number of infrastructural projects and booming logistics and E-commerce sector. Sales of light commercial vehicles worldwide grew from 12.73 million units in 2016 to 13.53 million units in 2019. Due to COVID-19, sales of light commercial vehicle plummeted; however, the market is estimated to bounce back and reach 16.03 million units by 2026. Until 2019, light commercial vehicles accounted for 75% of the global commercial vehicle sales and increased demand for last mile connectivity is forecast the drive the Global Light Commercial Vehicle Market through 2026.
Daimler conducts feasibility to enter mini truck market bouyed by an e-commerce boom
Daimler India Commercial Vehicle is likely to announce its future mobility plans in India in the coming quarter of which electrification is likely to be a key pillar.
Synopsis
The German automobile giant is currently undertaking a feasibility study that may possibly result in the maker of Mercedes Benz, Bharat Benz and Freightliner trucks creating a new range of sub-3.5 tonne vehicles that are estimated to have a pan-Asian demand of a million units.
MUMBAI: Size does matter - but the smaller the better it might well be for Daimler.