Global Light Duty Vehicles Market – Scope of the Report
Light Duty Vehicles Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period.
The demand for light-duty vehicles is anticipated to grow during the forecast period owing to the lower volume of air pollutants it tends to emit. Additionally, the stringent government regulations aimed at reducing vehicular emissions are expected to enhance the adoption of light-duty electric trucks. Governments in various countries have implemented strict rules aimed at arresting the rising levels of vehicular pollution. For instance, the Government of India has implemented the Bharat Stage Emission Standards (BSES), which aims at regulating the output of air pollutants from vehicles. The European Union has also established European emission standards that define the acceptable limits for exhaust emissions. Light duty vehicle tends to emit lower volumes of air pollutants and therefore, turning out to be the most preferred vehicle to transport goods and people.
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The “Global Light Duty Vehicle Market Analysis to 2027” is a specialized and in-depth study of the Automotive and Transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the light duty vehicle market with detailed market segmentation by vehicle type, fuel type, transmission type, and geography. The global light duty vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading light duty vehicle market players and offers key trends and opportunities in the market.
Key Players Influencing the Market:
Light duty vehicle is a truck or car with Gross Vehicle Weight Rating (GVWR) of less than 8,500 lbs. Some of the prominent trends that the market is witnessing include technological advancement in alternative fuel vehicles, demand for truck rental services, long-range cars to gain share in the light-duty vehicles. The market players are focusing on the launch of light-duty vehicles based on new and innovative platforms. Some of the OEMs, such as Volkswagen, Renault-Nissan, and Daimler, are also working on building common platforms for light-duty vehicles and passenger vehicles as part of the efforts to save on development costs and reduce lead times.
The global light duty vehicle market is segmented on the basis of vehicle type, fuel type, and transmission type. Based on vehicle type, the light duty vehicle market is segmented into: Passenger Cars, Van, Pickup-Trucks, and Light Commercial vehicle (LCV). On the basis of fuel type, the market is segmented into: Gasoline, Diesel, Electric, and Others. On the basis of transmission type, the market is segmented into: Manual and Automatic.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Light Duty Vehicles market based on the type and application. It also provides market size and forecast till 2027 for overall Light Duty Vehicles market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Answers that the report acknowledges:
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