Global Light Vehicles Market, By Fuel Type (Diesel, Gasoline, Hybrid, Electric), Transmission (Manual, Automatic), Drivetrain (Front Wheel Drive (FWD), Rear Wheel Drive (RWD), Four Wheel Drive (4WD), All-Wheel Drive (AWD)), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Light Vehicles Market
Light vehicles market will reach at an estimated value of USD 1,176.20 billion and grow at a CAGR of 8.45% in the forecast period of 2021 to 2028. Increased concerns regarding the environment and demand for fuel-efficient and durable vehicle is an essential factor driving the light vehicles market.
Light vehicles are termed as the vehicles that are lighter in weight, resulting in improved fuel efficiency but without compensating on the capabilities and power of the vehicles. These vehicles constitute of lighter-weight metals and lower engine power which significantly affects the overall weight of the vehicle, but due to the usage of advanced alloys in the production, the stability and capacity to operate is not lost.
Rising advancements in the technology used resulting in innovative product launches that are highly fuel-efficient without compensating on the designated carry load is a crucial factor accelerating the market growth, also rising adoption of electric vehicle in line with the government initiatives favoring the development and adoption of electric vehicle and the rollout of electric vehicle charging, rising stringent regulations aimed at reducing vehicular emissions are expected to encourage the adoption of electric light duty trucks and rising adoption of light duty trucks for inland cargo transports are the major factors among others boosting the light vehicles market. Moreover, increasing research and development activities in the market and rising technological advancements and modernization in the production techniques will further create new opportunities for light vehicles market in the forecast period mentioned above.
However, increasing low return on investment on these commercial vehicles due to their high costs is the vital factor among others restraining the market growth, and will further challenge the light vehicles market in the forecast period mentioned above.
This light vehicles market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on light vehicles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Light Vehicles Market Scope and Market Size
Light vehicles market is segmented on the basis of fuel type, transmission, drivetrain and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of fuel type, light vehicles market is segmented into diesel, gasoline, hybrid and electric.
- Based on transmission, the light vehicles market is segmented into manual and automatic.
- Based on drivetrain, the light vehicles market is segmented into front wheel drive (fwd), rear wheel drive (rwd), four wheel drive (4wd) and all-wheel drive (awd).
- The light vehicles market is also segmented on the basis of vehicle type into passenger vehicle and commercial vehicle.
Light Vehicles Market Scope Country Level Analysis
Light vehicles market is analysed and market size, volume information is provided by country, fuel type, transmission, drivetrain and vehicle type as referenced above.
The countries covered in the light vehicles market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the light vehicles market due to rising adoption of electric vehicle along with the rising government initiatives favoring the development and adoption of electric vehicle and the rollout of electric vehicle charging infrastructure in this region. Asia-Pacific and Europe are the expected regions in terms of growth in light vehicles market due to evolving e-commerce industry, rising stringent regulations aimed at curbing vehicular emissions, increasing research and development activities in the market and rising technological advancements and modernization in the production techniques in this region.
The country section of the light vehicles market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Light Vehicles Market Share Analysis
Light vehicles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to light vehicles market.
The major players covered in light vehicles market report are Toyota Motor Corporation, Volkswagen AG, HYUNDAI MOTOR GROUP, Fiat Chrysler Automobiles, Honda Motor Co., Ltd., Groupe Renault, Nissan, Groupe PSA, Zhejiang Geely Holding Group, ASHOK LEYLAND, suzuki motor corporation, Tata Motors and MITSUBISHI MOTORS CORPORATION, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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