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Light Commercial Vehicles Market Driven by Expanding E-commerce Industry

Light commercial vehicles are vehicles which carry mass varying between 3.5 tons to 7 tons, as per local regulations or standards.

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Light Commercial Vehicles Market Driven by Expanding E-commerce Industry

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  1. Global Light Commercial Vehicles Market is projected to witness 4.5% CAGR by 2025 www.marketresearchfuture.com

  2. Market Highlights: The light commercial vehicles are the vehicles manufactured for carrying goods of passengers. Moreover, they manufacture light commercial vehicles with features, such as fuel efficiency, intra-city operations, and compact size. The maximum mass limits for the light commercial vehicles mainly vary between 3.5tons to 7 tons, based on the local government regulations or standards. These vehicles include vans, goods carrying vans, utility vehicles, light trucks, and buses. Light commercial vehicles witness massive demand due to the growth of the transportation industry and a rise in the e-commerce business, across the globe, which is expected to drive the global light commercial vehicles. As per the International Post Corporation, the global e-commerce industry has rapid growth with a CAGR of ~15%. Report Sample: https://www.marketresearchfuture.com/sample_request/7726

  3. Market Research Analysis: In terms of region, the global market for the light commercial vehicles is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the largest market share during the forecast period owing to the highest production of light commercial vehicles. Moreover, the growth of the transportation industry in the US, owing to burgeoning consumption of e-commerce product, raised the demand for light commercial vehicles in 2018 and further expected to enhance the demand during the forecast period.  Browse Complete Report Details: https://www.marketresearchfuture.com/reports/light-commercial-vehicles-market-7726

  4. Segmentation: Light Commercial VehiclesMarket

  5. Scope of the Report: This study provides an overview of the Global Light Commercial Vehicles Market, tracking four market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global light commercial vehicles market by type, fuel type, and region.

  6. Key Players: The prominent players in the global light commercial vehicles market include Daimler AG (Germany), Volvo Group (Sweden), Dongfeng Motor Corporation (China), Volkswagen Group (Germany), Tata Group (India), Ford Motor Company (US), Groupe PSA (France), General Motors (US), Hyundai Motor Company (South Korea), and Groupe Renault (France).

  7. Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com

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