Light Commercial Vehicle Market, By Propulsion Type (Internal Combustion Engine and Electric & Hybrid), By Vehicle Class (Class 1 and Class 2), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024

Code : CMI5221

Pages :169

Formats :

Excel and PDF

Industry : Automotive and Transportation

Market Challenges: Rising Fuel Costs and Pressure for Efficiency

Customers want cars that use less fuel to help deal with higher fuel prices. Tough rules about emissions are causing problems for carmakers, both technically and financially. More companies, both local and from other countries, are joining the market with newer and better products. This means existing companies have to work faster to make new cars and improve how they make them to keep their customers.

Market Opportunities: E-commerce Boom and Delivery Demands

The increasing popularity of online shopping and the need for efficient delivery services are driving up the demand for small delivery vehicles. Thanks to improvements in battery and engine technologies, fully-electric delivery vehicles with longer ranges are now possible. Government incentives and rules are pushing for cleaner transportation options, encouraging businesses to invest in eco-friendly solutions. New types of delivery services, like those focused on the last leg of delivery, are becoming more common. By teaming up with other companies, businesses can broaden their range of services, especially in areas like digital connectivity.