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 (http://www.researchandmarkets.com/research/szh24r/light_commercial)
has announced the addition of the "Light
Commercial Vehicle (LCV) Market in Europe 2015-2019" report to
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.
Other Prominent Vendors:
Anhui Jianghuai Automobile
Fiat Chrysler Automobiles
For more information visit http://www.researchandmarkets.com/research/szh24r/light_commercial
View source version on businesswire.com: http://www.businesswire.com/news/home/20151109005933/en/
Copyright Business Wire 2015
Source: Business Wire
(November 9, 2015 - 8:44 AM EST)
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