Light trucks are the trucks or truck-based vehicles which have a payload capacity of less than 4,000 pounds or 1,815 kg. These trucks in the U.S. are known as light-duty trucks and in the European countries similar vehicles are popularly known as light commercial vehicle.
The light trucks market is bifurcated into light commercial vehicles (LCVs) and light buses and coaches (LBCs) weighing up to 3.5 tons. Light commercial vehicle holds the major market share followed by light buses and coaches segment.
Light trucks are used in almost all industries. Industrial sector uses it for transportation of raw material and finished goods between their storage facilities and consumers outlets. Government, Industrial and commercial sectors are the major end-user of light trucks. Industrial sector leads the global market followed by government and commercial sector.
North America was the market leader in the global light trucks market accounting for more than half of the total light trucks market. Asia-Pacific followed North America in the sale of light trucks. Asia Pacific region is expected to show highest growth rate in the coming future owing to the developing market in India and China.
In 2019, the market size of Light Trucks is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Light Trucks.
This report studies the global market size of Light Trucks, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Light Trucks production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Subaru of America
Hyundai Motor Company
Market Segment by Product Type
Light Commercial Vehicles (LCVs)
Light Buses and Coaches (LBCs)
Market Segment by Application
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Light Trucks status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Light Trucks manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Light Trucks are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025