Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 November 9, 2015 - 8:44 AM EST
Print Email Article Font Down Font Up
Research and Markets: Light Commercial Vehicle (LCV) Market in Europe 2015-2019 - Key Vendors are Daimler Trucks, CNH Industrial, MAN, Renault & Volvo Trucks

Research and Markets ( has announced the addition of the "Light Commercial Vehicle (LCV) Market in Europe 2015-2019" report to their offering.

The light commercial vehicle market in Europe to grow at a CAGR of 11.42% during 2014-2019.

Light Commercial Vehicle (LCV) Market in Europe 2015-2019 covers the market landscape in Europe and its growth prospects in the coming years. We calculated the market size based on the unit sales registered for light commercial vehicles in Europe. We also present five key vendors and a detailed analysis of these vendors in the report. In addition, we discuss market growth drivers, challenges facing the vendors and the market as a whole, as well as key trends emerging in the market.

Though the greatest potential in Europe for natural gas is likely to be in the heavy goods vehicle and marine/waterway sectors, the LCVs are not far behind in terms of growth. The sector has showed rapid growth in recent years where the number of NGVs has gone compared to 2008. Italy, Germany, and Sweden are some of the leading countries in Europe that have significant shares of NGVs in the LCV sector. For instance, Italy is the largest market for vehicles using natural gas as the source of fuel. The main reason for the growth of NGVs in Europe is a result of reduced tax on natural gas (as a fuel) and huge support from the government (in the form of subsidies to the OEMs).

According to the report, a large number of LCVs are expected to reach the end of their product life cycles between 2015 and 2018. LCVs have a short life cycle of eight years owing to their intense commercial usage. LCV sales had an upsurge in 2007 and 2008 and this is likely to recur during the forecast period because of the number of LCVs expected to be replaced during this time. So, the rate of replacement purchases are expected to be considerably higher than they have been for the past few years. The demand from the replacement market is expected to drive the overall demand for LCVs in Europe for the forecast period.

Further, the report states that the rising cost of the LCV manufacturing components will be the main concern for LCV manufacturers.

Key Vendors:

  • Daimler Trucks
  • CNH Industrial
  • MAN
  • Renault
  • Volvo Trucks

Other Prominent Vendors:

  • Anhui Jianghuai Automobile
  • Ashok Leyland
  • Fiat Chrysler Automobiles
  • GM Corporation
  • GAZ
  • Hyundai
  • Isuzu Motors
  • Peugeot
  • Opel
  • Tata Motors

For more information visit

Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Commercial Vehicles

Source: Business Wire (November 9, 2015 - 8:44 AM EST)

News by QuoteMedia