The latest industry research report on Light Commercial Vehicle by MRC provides a thorough analysis of the global Light Commercial Vehicle market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Light Commercial Vehicle industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.
MRC recognizes the following companies as the key players in the global light commercial vehicle market: Ford Motor Company, Groupe PSA, and Renault
Other Prominent Vendors in the market are: Anhui Jianghuai Automobile, Ashok Leyland, AVTOVAZ, Toyota Motor Corporation, GAZ Group, General Motors, Honda Motor Company, Hyundai Motor Company, ISUZU MOTORS, Mitsubishi Motors, Opel, PACCAR, and Tata Motors.
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Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Electric LCVs used for facilitating last-mile connectivity. Automotive makers are increasingly researching on raising the reliability of electric vehicles. Lack of proper charging stations and limited power capacity batteries are the main drawbacks of electric vehicles. Vehicle manufacturers are undertaking various experimental operations, involving usage of electric vehicles, to troubleshoot the various issues faced by the vehicle in a real-world scenario. However, unlike passenger cars, LCVs require more power to be effective in hauling passengers or cargo. Vehicle manufacturers have begun using electric LCVs in real-world scenarios to test reliability and endurance of electric LCVs.”
According to the report, one of the major drivers for this market is Rising penetration of downsized engines in LCVs to drive vehicle price. Vehicle manufacturers are increasingly developing downsized engine blocks for decreasing curb weight, improving fuel efficiency, and limiting the formation of emissions. Downsized engines are made to produce the same amount of power as that of higher-powered models. Most vehicle manufacturers equip turbochargers within diesel and gasoline engines to facilitate more air to be taken in for combustion. More air into the combustion chamber allows more fuel to burn and produce a much higher output, matching that of the higher-power variant.
Further, the report states that one of the major factors hindering the growth of this market is Implementation of fuel-efficiency standards will result in increased prices of LCVs. Implementation of fuel efficiency standards for LCVs will increase the prices of vehicles by about $4,500 per vehicle. Vehicle manufacturers will equip the vehicle's engine with numerous equipment to reduce the consumption of fuel. The global LCV market will have an increase of about $8 billion if fuel-efficiency standards are increased by 1 mpg. The US is planning to upgrade fuel-efficiency standards for the fleet of LCVs owned by LCV manufacturers during the forecast period. This is expected to increase the cost of LCVs considerably and lead to a decline in sales of LCVs by 2021.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments. It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.
Key Topics Covered in the Report:
- Comprehensive overview of parent market with market definition, classification
- Recognition of factors influencing the market scenarios and analysis of market drivers, barriers, and their impact on the market growth
- Current and future market trends, market scope and detailed market segmentation on the basis of application, region, and competitive scenario
- Value Chain Analysis, Strategic insights, and market estimations
- Facts, stats, historical data, market size forecast regarding volume and value
- Analysis of competitive landscape and assessments on a regional scale with company profiles of leading market players, finance metrics, product offerings and key business strategies and growth prospects for the projected period
- Insights on prospective opportunities and challenges, success and risk
The report brings to your attention analysis of the Light Commercial Vehicle market in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions. It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.
Market Scope
The research report takes different facets into consideration to scrutinize the global Light Commercial Vehicle industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.
Report Details @https://marketreportscenter.com/reports/562356/global-light-commercial-vehicle-market-2017-2021
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