Light Commercial Vehicles Market Analysis - Industry Trends, Size & Forecast Report up to 2030

The Light Commercial Vehicles Market is segmented by Vehicle Type (Commercial Vehicles), by Propulsion Type (Hybrid and Electric Vehicles, ICE) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

Light Commercial Vehicles Market Size

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Light Commercial Vehicles Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 491.2 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 710.6 Billion
https://s3.mordorintelligence.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Body Type Light Commercial Pick-up Trucks
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.35 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players

Light Commercial Vehicles Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Light Commercial Vehicles Market Analysis

The Light Commercial Vehicles Market size is estimated at 491.2 billion USD in 2024, and is expected to reach 710.6 billion USD by 2030, growing at a CAGR of 6.35% during the forecast period (2024-2030).

491.2 Billion

Market Size in 2024 (USD)

710.6 Billion

Market Size in 2030 (USD)

2.12 %

CAGR (2017-2023)

6.35 %

CAGR (2024-2030)

Largest Segment by Fuel Category

49.23 %

value share, Gasoline, 2023

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Gasoline remains the largest segment due to its widespread availability, lower upfront vehicle costs, and extensive refueling infrastructure supporting light commercial vehicles.

Largest Segment by Vehicle Configuration

51.45 %

value share, Trucks, 2023

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Trucks dominate due to their essential role in logistics, high demand for goods transportation, and industrial growth driving the need for robust commercial vehicles.

Largest Segment by Region

34.49 %

value share, Asia-Pacific, 2023

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Asia-Pacific leads due to its large population, growing economies, and high demand for light commercial vehicles in both urban and rural areas, supporting diverse commercial activities.

Largest Segment by Country

26.85 %

value share, US, 2023

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China leads the global light commercial vehicle market due to its extensive manufacturing capacity, significant domestic demand, and investments in vehicle technology and infrastructure.

Leading Market Player

10.40 %

market share, Ford Motor Company, 2023

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Ford leads with versatile light commercial vehicles, strong brand reputation, and an extensive global distribution network, serving businesses worldwide.

The rapidly growing e-commerce and logistics sectors fuel the light commercial vehicle market

  • The e-commerce and logistics sectors fuel the light commercial vehicle market. Online retail sales and e-commerce have been rising due to more people having access to the internet and smartphones. Light commercial vehicle purchases are projected to rise, which will assist in the prompt delivery of goods to clients.
  • As a result of COVID-19 online sales, the income and user base of the global e-commerce market greatly expanded. However, the increased internet shopping popularity will encourage growth. The global e-commerce market experienced a remarkable expansion in 2020, and by 2021, it generated USD 26.7 trillion in sales. The number and percentage of online shoppers have constantly increased globally over the last few years. The highest increase in the number of online shoppers in 2020 was caused by the COVID-19 pandemic, which forced individuals to shop online.
  • The rapid expansion of the e-commerce and logistics industries across major economies, including Europe, the United States, and China, is fueling the demand for a more contemporary distribution network. Thus, the demand for light commercial vehicles will increase. Significant light commercial vehicle manufacturers, like Daimler, Nissan, Ford, and Renault, experienced a dramatic increase in e-commerce sales, which bolstered the logistics industry. Pick-up trucks and vans have traditionally filled the requirement for e-commerce transportation for logistics and consumer delivery services, which is expected to have a substantial positive impact on the global light commercial vehicle market.
Global Light Commercial Vehicles Market

The rapid growth of the e-commerce and logistics sectors, spanning major economies like Europe, the United States, and China, is driving the need for more advanced distribution networks

  • The e-commerce and logistics industries are the primary drivers of the light commercial vehicle market. With the rising internet and smartphone penetration, online retail and e-commerce sales have surged. This trend is expected to drive the demand for light commercial vehicles, enabling faster deliveries. In 2016, the global production of light commercial vehicles stood at 17,217,999 units and was projected to reach 18,593,850 units by 2021.
  • The COVID-19 pandemic has significantly boosted the global e-commerce sector, both in terms of revenue and user base. This trend is expected to continue as online shopping gains further popularity. In 2020, the global e-commerce market witnessed substantial growth, culminating in sales worth USD 26.7 trillion by 2021. The number and proportion of online shoppers have been steadily rising worldwide, with the pandemic acting as a catalyst in 2020, pushing more individuals toward online shopping.
  • The rapid growth of the e-commerce and logistics sectors, spanning major economies like Europe, the United States, and China, is driving the need for more advanced distribution networks. Consequently, the demand for light commercial vehicles is poised to rise. Notably, prominent light commercial vehicle manufacturers such as Daimler, Nissan, Ford, and Renault have witnessed a significant surge in e-commerce sales, bolstering the logistics sector. Historically, pick-up trucks and vans have been the go-to choices for e-commerce transportation, catering to both logistics and consumer delivery services. This trend is expected to have a pronounced positive impact on the global light commercial vehicle market.

Global Light Commercial Vehicles Market Trends

The rising global demand and government support propel electric vehicle market growth

  • Electric vehicles (EVs) have become indispensable in the automotive sector, driven by their potential to enhance energy efficiency and reduce greenhouse gas and pollution emissions. This surge is primarily attributed to growing environmental concerns and supportive government initiatives. Notably, global EV sales witnessed a robust 10.82% growth in 2022 compared to 2021. Projections indicate that annual sales of electric passenger cars will surpass 5 million by the end of 2025, accounting for approximately 15% of total vehicle sales.
  • Leading manufacturers and organizations, like the London Metropolitan Police & Fire Service, have been actively pursuing their electric mobility strategies. For instance, they have set a target of a zero-emission fleet by 2025, with a goal of electrifying 40% of their vans by 2030 and achieving full electrification by 2040. Similar trends are expected globally, with the period from 2024 to 2030 witnessing a surge in demand and sales of electric vehicles.
  • Asia-Pacific and Europe are poised to dominate electric vehicle production, driven by their advancements in battery technology and vehicle electrification. In a notable move, in May 2020, Kia Motors Europe unveiled its "Plan S," signaling a strategic shift toward electrification. This decision came on the heels of record-breaking sales of Kia's EVs in Europe. Kia has ambitious plans to introduce 11 EV models globally by 2025, spanning various segments like passenger vehicles, SUVs, and MPVs. The company aims to achieve annual global EV sales of 500,000 by 2026.
Global Light Commercial Vehicles Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Africa's demographic evolution demonstrates consistent growth with a notable acceleration in recent years
  • Several European countries face population declines, while others grow, indicating a need for targeted policy interventions
  • North America's demographic story highlights steady growth and adaptability, with each nation contributing uniquely to the region's vibrant mosaic, underlining North America's continued global significance
  • Despite a GDP per capita decline in 2022-2023, Africa shows potential for future economic stability through trade agreements and infrastructure development
  • Europe's GDP per capita is on track for steady growth, reflecting resilience and strategic policies
  • Despite challenges in 2020, by 2023, the US experienced growth, Mexico displayed a robust recovery, while Canada witnessed a dip
  • South Africa's consumer vehicle population shows signs of stabilization
  • European countries are experiencing growth in CVP, driven by government incentives for environmentally friendly vehicles
  • North America exhibits diverse trends in consumer spending for vehicle purchases (CVP), and Canada experiences a slight decrease, while the US sees an increase, and Mexico shows significant growth
  • South Africa, Kenya, and Morocco exhibit declining inflation rates, while Nigeria faces a sharp inflation increase
  • The European region is poised for economic stability, with concerted efforts to manage inflation and foster a balanced economic landscape
  • From 2017 to 2030, North America, particularly countries like the US and Canada, navigated inflationary spikes, especially post-pandemic in 2022, but projections suggest a trend toward economic stability and controlled inflation for the region by 2030
  • Auto interest rates across Africa, Asia-Pacific, and North America showed significant regional diversity, influenced by a combination of economic policies, market dynamics, and global conditions
  • Battery pack prices in Africa continued to decline from USD 186 in 2022 to USD 176 in 2023, driven by technological advancements and increased market competition
  • Declining battery prices and government initiatives drive demand for electric vehicles in Europe
  • Declining prices of lithium-ion batteries drive the demand for electric vehicles in North America
  • The global automotive industry will undergo a transformative phase, with a pronounced shift toward electrification from 2023 to 2025, followed by a period of refinement and consolidation in the subsequent years
  • The Asia-Pacific region is witnessing a resurgence in the logistics performance index, driven by infrastructural developments and technological advancements
  • The Middle East, led by the UAE, Saudi Arabia, and Qatar, invested in logistics infrastructure and technology despite challenges from geopolitical tensions
  • South America's diverse landscape and resources pose unique logistics challenges
  • The auto industry's production landscape is witnessing a dramatic shift, with electric vehicle manufacturers like BYD Auto and Tesla seeing remarkable growth while traditional giants like GM adapt to changing market demands
  • Countries like Australia, India, and Indonesia project a steady upward trajectory in GDP per capita, suggesting robust economic strategies and potential investment in the automotive sectors
  • Saudi Arabia and the United Arab Emirates, both pivotal nations in the Middle East, demonstrated population growth from 2017 to 2023. While there were slight dips for both countries in between, the overarching upward trend indicates their significant roles and attractions in the region
  • South America's demographic narrative, represented by Brazil and Colombia, showcases a story of consistent growth, with Brazil experiencing a pronounced surge
  • Asia-Pacific displays a panorama of economic evolution: from the relentless pursuits of emerging economies to the recalibrations of established ones, painting a picture of resilience, adaptation, and ambition
  • Projections for the coming years indicate a steady growth trajectory for both the UAE's diversified sectors and its role as a regional business hub. This growth can be attributed to the country's focus on diversification efforts and strategic partnerships
  • During 2017-2030, Brazil and Colombia displayed contrasting economic paths. While both faced downturns around 2020, Brazil's GDP per capita showed recovery by 2023, whereas Colombia witnessed a slight decline
  • The Asia-Pacific's diverse consumer spending trends on vehicle purchases not only reflect the region's evolving economic conditions but also highlight the shifting consumer preferences and vehicular market dynamics across countries
  • In the short term (2022-2023), Saudi Arabia maintained stable consumer spending for vehicle purchases, while the UAE experienced a slight decline, suggesting differing market dynamics
  • Brazil and Colombia are expected to see an increase in consumer spending for vehicle purchases (CVP), indicating a recovering automotive market and growing consumer confidence
  • Asia-Pacific’s varied inflation rates reflect the diverse economic challenges and responses of each nation, from battling pandemic-induced fluctuations to aiming for future stability through strategic economic policies
  • From 2017 to 2030, the Middle East is expected to display varied inflationary patterns, with countries like Iran facing significant challenges, while others like Saudi Arabia and the UAE will show stability
  • Projections indicate a trend toward economic stabilization and controlled inflation in the region, highlighting a concerted push to restore equilibrium and foster growth
  • Global efforts to expand and enhance EV infrastructure are signaling a collective push toward electrification
  • The demand for EVs in the Asia-Pacific region is fueled by falling battery prices
  • The Middle East's battery market: A continuous descent in prices and promising energy trends
  • South America’s surging demand for electric vehicle batteries: falling costs and strategic alliances
  • Africa's vastness posed logistics challenges, yet hubs like South Africa and Kenya emerged strong. By 2023, initiatives like AfCFTA and infrastructure projects improved connectivity, but challenges remained.
  • Europe's advanced logistics, driven by the EU's open trade policies, has faced challenges like Brexit. With a focus on sustainability and technology in 2023, Europe was expected to remain a global logistics leader, poised for further innovation and adaptation
  • North America has a diverse terrain that presents unique logistics challenges, but in 2023, the United States, Canada, and Mexico achieved high LPI rankings. The region is set for a transformative logistics future with trade agreements and digital advancements
  • For over a year, Russia's invasion of Ukraine disrupted global crude oil and petroleum product markets

Light Commercial Vehicles Industry Overview

The Light Commercial Vehicles Market is fragmented, with the top five companies occupying 24.80%. The major players in this market are BAIC Motor Corporation Ltd., Dongfeng Motor Corporation, Ford Motor Company, General Motors Company and Volkswagen AG (sorted alphabetically).

Light Commercial Vehicles Market Leaders

  1. BAIC Motor Corporation Ltd.

  2. Dongfeng Motor Corporation

  3. Ford Motor Company

  4. General Motors Company

  5. Volkswagen AG

Light Commercial Vehicles Market Concentration

Other important companies include Ashok Leyland Limited, BYD Auto Co. Ltd., Daimler AG (Mercedes-Benz AG), Groupe Renault, Isuzu Motors Limited, Mahindra & Mahindra Limited, Nissan Motor Co. Ltd., Rivian Automotive Inc., Tata Motors Limited, Volvo Group.

*Disclaimer: Major Players sorted in alphabetical order.

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Light Commercial Vehicles Market News

  • August 2023: General Motors will launch an all-electric Cadillac Escalade in late 2024
  • August 2023: General Motors doubles down on plans for an electric future in the Middle East.
  • August 2023: Gabriel India Limited (Gabriel India), a flagship company of Anand Group, announced that during the quarter that ended on June 30, 2023, it has developed components for Maruti Suzuki Jimny and Stellantis electric Citroen C3. At present it is developing parts for new models of VW, Tata, Stellantis, Mahindra, and Maruti Suzuki.

Free with this Report

For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.

Light Commercial Vehicles Market
Light Commercial Vehicles Market
Light Commercial Vehicles Market
Light Commercial Vehicles Market

Light Commercial Vehicles Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Population
    • 4.1.1 Africa
    • 4.1.2 Asia-Pacific
    • 4.1.3 Europe
    • 4.1.4 Middle East
    • 4.1.5 North America
    • 4.1.6 South America
  • 4.2 GDP Per Capita
    • 4.2.1 Africa
    • 4.2.2 Asia-Pacific
    • 4.2.3 Europe
    • 4.2.4 Middle East
    • 4.2.5 North America
    • 4.2.6 South America
  • 4.3 Consumer Spending For Vehicle Purchase (cvp)
    • 4.3.1 Africa
    • 4.3.2 Asia-Pacific
    • 4.3.3 Europe
    • 4.3.4 Middle East
    • 4.3.5 North America
    • 4.3.6 South America
  • 4.4 Inflation
    • 4.4.1 Africa
    • 4.4.2 Asia-Pacific
    • 4.4.3 Europe
    • 4.4.4 Middle East
    • 4.4.5 North America
    • 4.4.6 South America
  • 4.5 Interest Rate For Auto Loans
  • 4.6 Impact Of Electrification
  • 4.7 EV Charging Station
  • 4.8 Battery Pack Price
    • 4.8.1 Africa
    • 4.8.2 Asia-Pacific
    • 4.8.3 Europe
    • 4.8.4 Middle East
    • 4.8.5 North America
    • 4.8.6 South America
  • 4.9 New Xev Models Announced
  • 4.10 Logistics Performance Index
    • 4.10.1 Africa
    • 4.10.2 Asia-Pacific
    • 4.10.3 Europe
    • 4.10.4 Middle East
    • 4.10.5 North America
    • 4.10.6 South America
  • 4.11 Fuel Price
  • 4.12 Oem-wise Production Statistics
  • 4.13 Regulatory Framework
  • 4.14 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 Vehicle Type
    • 5.1.1 Commercial Vehicles
    • 5.1.1.1 Light Commercial Pick-up Trucks
    • 5.1.1.2 Light Commercial Vans
  • 5.2 Propulsion Type
    • 5.2.1 Hybrid and Electric Vehicles
    • 5.2.1.1 By Fuel Category
    • 5.2.1.1.1 BEV
    • 5.2.1.1.2 FCEV
    • 5.2.1.1.3 HEV
    • 5.2.1.1.4 PHEV
    • 5.2.2 ICE
    • 5.2.2.1 By Fuel Category
    • 5.2.2.1.1 CNG
    • 5.2.2.1.2 Diesel
    • 5.2.2.1.3 Gasoline
    • 5.2.2.1.4 LPG
  • 5.3 Region
    • 5.3.1 Africa
    • 5.3.1.1 South Africa
    • 5.3.1.2 Rest-of-Africa
    • 5.3.2 Asia-Pacific
    • 5.3.2.1 Australia
    • 5.3.2.2 China
    • 5.3.2.3 India
    • 5.3.2.4 Indonesia
    • 5.3.2.5 Japan
    • 5.3.2.6 Malaysia
    • 5.3.2.7 South Korea
    • 5.3.2.8 Thailand
    • 5.3.2.9 Rest-of-APAC
    • 5.3.3 Europe
    • 5.3.3.1 Austria
    • 5.3.3.2 Belgium
    • 5.3.3.3 Czech Republic
    • 5.3.3.4 Denmark
    • 5.3.3.5 Estonia
    • 5.3.3.6 France
    • 5.3.3.7 Germany
    • 5.3.3.8 Ireland
    • 5.3.3.9 Italy
    • 5.3.3.10 Latvia
    • 5.3.3.11 Lithuania
    • 5.3.3.12 Norway
    • 5.3.3.13 Poland
    • 5.3.3.14 Russia
    • 5.3.3.15 Spain
    • 5.3.3.16 Sweden
    • 5.3.3.17 UK
    • 5.3.3.18 Rest-of-Europe
    • 5.3.4 Middle East
    • 5.3.4.1 Saudi Arabia
    • 5.3.4.2 UAE
    • 5.3.4.3 Rest-of-Middle East
    • 5.3.5 North America
    • 5.3.5.1 Canada
    • 5.3.5.2 Mexico
    • 5.3.5.3 US
    • 5.3.5.4 Rest-of-North America
    • 5.3.6 South America
    • 5.3.6.1 Argentina
    • 5.3.6.2 Brazil
    • 5.3.6.3 Rest-of-South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Ashok Leyland Limited
    • 6.4.2 BAIC Motor Corporation Ltd.
    • 6.4.3 BYD Auto Co. Ltd.
    • 6.4.4 Daimler AG (Mercedes-Benz AG)
    • 6.4.5 Dongfeng Motor Corporation
    • 6.4.6 Ford Motor Company
    • 6.4.7 General Motors Company
    • 6.4.8 Groupe Renault
    • 6.4.9 Isuzu Motors Limited
    • 6.4.10 Mahindra & Mahindra Limited
    • 6.4.11 Nissan Motor Co. Ltd.
    • 6.4.12 Rivian Automotive Inc.
    • 6.4.13 Tata Motors Limited
    • 6.4.14 Volkswagen AG
    • 6.4.15 Volvo Group
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
  1. Figure 2:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
  1. Figure 3:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
  1. Figure 4:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
  1. Figure 5:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
  1. Figure 6:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
  1. Figure 7:  
  2. AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 8:  
  2. ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 9:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 10:  
  2. MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 11:  
  2. NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 12:  
  2. SOUTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 13:  
  2. AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 14:  
  2. ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 15:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 16:  
  2. MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 17:  
  2. NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 18:  
  2. SOUTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 19:  
  2. AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 20:  
  2. ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 21:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 22:  
  2. MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 23:  
  2. NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 24:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENTAGE, 2017 - 2022
  1. Figure 25:  
  2. GLOBAL MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 26:  
  2. GLOBAL MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
  1. Figure 27:  
  2. AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 28:  
  2. ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 29:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 30:  
  2. MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 31:  
  2. NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 32:  
  2. SOUTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 33:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2023 - 2027
  1. Figure 34:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2017 - 2030
  1. Figure 35:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2017 - 2030
  1. Figure 36:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2017 - 2030
  1. Figure 37:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2017 - 2030
  1. Figure 38:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2017 - 2030
  1. Figure 39:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2017 - 2030
  1. Figure 40:  
  2. GLOBAL MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
  1. Figure 41:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2017 - 2030
  1. Figure 42:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2017 - 2030
  1. Figure 43:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY VEHICLE BODY TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 44:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY VEHICLE BODY TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 45:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 46:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 47:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 48:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2017 - 2030
  1. Figure 49:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 50:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 51:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2017 - 2030
  1. Figure 52:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 53:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY PROPULSION TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 54:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY PROPULSION TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 55:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 56:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 57:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 58:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 59:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 60:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 61:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 62:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 63:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 64:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 65:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 66:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 67:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 68:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 69:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 70:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 71:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 72:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 73:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 74:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 75:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 76:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 77:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 78:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VALUE IN USD, 2017 - 2030
  1. Figure 79:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 80:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 81:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VALUE IN USD, 2017 - 2030
  1. Figure 82:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 83:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 84:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VALUE IN USD, 2017 - 2030
  1. Figure 85:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 86:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 87:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VALUE IN USD, 2017 - 2030
  1. Figure 88:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 89:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REGION, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 90:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REGION, BY VALUE IN USD, 2017 - 2030
  1. Figure 91:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 92:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 93:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 94:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 95:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 96:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 97:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 98:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRALIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 99:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 100:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CHINA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 101:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CHINA, BY VALUE IN USD, 2017 - 2030
  1. Figure 102:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 103:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 104:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 105:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 106:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 107:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY INDONESIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 108:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 109:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY JAPAN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 110:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY JAPAN, BY VALUE IN USD, 2017 - 2030
  1. Figure 111:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 112:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 113:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MALAYSIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 114:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 115:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 116:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2017 - 2030
  1. Figure 117:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 118:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY THAILAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 119:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY THAILAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 120:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 121:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 122:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2017 - 2030
  1. Figure 123:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 124:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 125:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 126:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 127:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 128:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 129:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 130:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 131:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 132:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2017 - 2030
  1. Figure 133:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 134:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 135:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2017 - 2030
  1. Figure 136:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 137:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 138:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2017 - 2030
  1. Figure 139:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 140:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 141:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 142:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 143:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 144:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2017 - 2030
  1. Figure 145:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 146:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 147:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2017 - 2030
  1. Figure 148:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 149:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 150:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 151:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 152:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 153:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2017 - 2030
  1. Figure 154:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 155:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 156:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 157:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 158:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 159:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 160:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 161:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 162:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2017 - 2030
  1. Figure 163:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 164:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 165:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 166:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 167:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 168:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 169:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 170:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 171:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2017 - 2030
  1. Figure 172:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 173:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 174:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2017 - 2030
  1. Figure 175:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 176:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 177:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2017 - 2030
  1. Figure 178:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 179:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 180:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 181:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 182:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 183:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 184:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 185:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 186:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CANADA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 187:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY CANADA, BY VALUE IN USD, 2017 - 2030
  1. Figure 188:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 189:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MEXICO, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 190:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY MEXICO, BY VALUE IN USD, 2017 - 2030
  1. Figure 191:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 192:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY US, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 193:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY US, BY VALUE IN USD, 2017 - 2030
  1. Figure 194:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 195:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
  1. Figure 196:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
  1. Figure 197:  
  2. GLOBAL LIGHT COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Light Commercial Vehicles Industry Segmentation

Commercial Vehicles are covered as segments by Vehicle Type. Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • The e-commerce and logistics sectors fuel the light commercial vehicle market. Online retail sales and e-commerce have been rising due to more people having access to the internet and smartphones. Light commercial vehicle purchases are projected to rise, which will assist in the prompt delivery of goods to clients.
  • As a result of COVID-19 online sales, the income and user base of the global e-commerce market greatly expanded. However, the increased internet shopping popularity will encourage growth. The global e-commerce market experienced a remarkable expansion in 2020, and by 2021, it generated USD 26.7 trillion in sales. The number and percentage of online shoppers have constantly increased globally over the last few years. The highest increase in the number of online shoppers in 2020 was caused by the COVID-19 pandemic, which forced individuals to shop online.
  • The rapid expansion of the e-commerce and logistics industries across major economies, including Europe, the United States, and China, is fueling the demand for a more contemporary distribution network. Thus, the demand for light commercial vehicles will increase. Significant light commercial vehicle manufacturers, like Daimler, Nissan, Ford, and Renault, experienced a dramatic increase in e-commerce sales, which bolstered the logistics industry. Pick-up trucks and vans have traditionally filled the requirement for e-commerce transportation for logistics and consumer delivery services, which is expected to have a substantial positive impact on the global light commercial vehicle market.
Vehicle Type Commercial Vehicles Light Commercial Pick-up Trucks
Light Commercial Vans
Propulsion Type Hybrid and Electric Vehicles By Fuel Category BEV
FCEV
HEV
PHEV
Propulsion Type ICE By Fuel Category CNG
Diesel
Gasoline
LPG
Region Africa South Africa
Rest-of-Africa
Region Asia-Pacific Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Rest-of-APAC
Region Europe Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
Region Middle East Saudi Arabia
UAE
Rest-of-Middle East
Region North America Canada
Mexico
US
Rest-of-North America
Region South America Argentina
Brazil
Rest-of-South America
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Market Definition

  • Vehicle Type - The category covers light commercial vehicle.
  • Vehicle Body Type - This includes Light Commercial Pick-up Trucks and Light Commercial Vans.
  • Fuel Category - The category includes various fuel types such as Gasoline, Diesel, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas), HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles)
Keyword Definition
Electric Vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
BEV A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids.
Plug-in Hybrid EV A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally.
Internal combustion engine An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel.
Hybrid EV A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking.
Commercial Vehicles Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
Passenger Vehicles Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
Light Commercial Vehicles Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
M&HDT Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
Bus A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses.
Diesel It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed.
Gasoline It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug.
LPG It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study.
CNG It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines.
HEV All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices.
PHEV PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly.
Hatchback These are compact-sized cars with a hatch-type door provided at the rear end.
Sedan These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage.
SUV Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles.
MPV These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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Light Commercial Vehicles Market Research FAQs

The Global Light Commercial Vehicles Market size is expected to reach USD 491.18 billion in 2024 and grow at a CAGR of 6.35% to reach USD 710.57 billion by 2030.

In 2024, the Global Light Commercial Vehicles Market size is expected to reach USD 491.18 billion.

BAIC Motor Corporation Ltd., Dongfeng Motor Corporation, Ford Motor Company, General Motors Company and Volkswagen AG are the major companies operating in the Global Light Commercial Vehicles Market.

In the Global Light Commercial Vehicles Market, the Light Commercial Pick-up Trucks segment accounts for the largest share by vehicle body type.

In 2024, Asia-Pacific accounts for the largest share by region in the Global Light Commercial Vehicles Market.

In 2023, the Global Light Commercial Vehicles Market size was estimated at 491.18 billion. The report covers the Global Light Commercial Vehicles Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Light Commercial Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Light Commercial Vehicles Industry Report

The Light Commercial Vehicles Market report offers a comprehensive industry analysis, providing an insightful industry overview and market outlook. The report covers the market size and market share, segmented by vehicle type, propulsion type, and region. It includes a detailed market forecast and market trends, offering a historical overview and a forecast outlook. The industry research is thorough, supported by market data and industry statistics, highlighting the market growth and growth rate.

This report example includes industry reports and industry information, providing a market review and market predictions. The market segmentation is detailed, covering vehicle configuration, vehicle body type, propulsion type, and fuel category. The industry sales and industry size are analyzed, with a focus on market leaders and market value. The industry outlook is positive, with significant market growth expected.

The report is available as a free report PDF download, offering valuable insights for research companies and stakeholders. The market analysis is robust, providing a clear market overview and market trends. The industry statistics and market value are crucial for understanding the market dynamics and making informed decisions.

In summary, this report is an essential resource for understanding the Light Commercial Vehicles Market, offering a detailed industry analysis and market forecast. The industry research is supported by comprehensive market data and industry trends, providing a clear market outlook and market predictions. The report is a valuable tool for industry stakeholders, providing a detailed market review and market segmentation, and highlighting the market leaders and market growth.

Light Commercial Vehicles Market Analysis - Industry Trends, Size & Forecast Report up to 2030

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