Light Commercial Vehicle (LCV) Market in Europe 2015-2019

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Light Commercial Vehicle (LCV) Market in Europe 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Light Commercial Vehicle (LCV) Market in Europe

2015-2019,please mail us at

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Key Trends

Technavio’s Senior Analyst says, “Despite the presence of several drivers, the growth of the LCV market in Europe is curtailed by certain serious challenges. One of the major challenges in this market is the rise in production costs. The rise in the price of metals and alloys poses a lot of concern for the OEMs to keep the cost down in a fragmented and competitive market.”

• Light commercial vehicles refer to vehicles with a GVWR of less than 3.5 tonnes. These are commonly used for government and social organisations, public transportation, and logistics market in Europe.

• Technavio analysts forecast the light commercial vehicle market in Europe to grow at a CAGR of 11.42% during 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver,

challengeand trend is

available in our report:Light Commercial Vehicle (LCV) Market in Europe 2015-2019

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Vendors

To understand the vendor landscape and for a full list of vendors view

our report:

Light Commercial Vehicle (LCV) Market in Europe 2015-2019

Daimler Trucks

CNH Industrial

MAN

Daimler Trucks is a division of Daimler. It was founded in 1998 and is headquartered in Stuttgart, Germany. It develops and manufactures trucks under the brand names Mercedes-Benz, Western Star, Thomas Built Buses, Freightliner, BharatBenz, and Fuso.

CNH Industrial is a Netherlands-based manufacturer of heavy machinery and vehicle equipment. The company designs, manufactures, and markets agricultural and construction equipment, commercial vehicles, trucks, buses, and specialty vehicles for defense and firefighting.

MAN was founded in 1758 and is headquartered in Munich, Germany. The company is one of the leading manufacturers of commercial vehicles and mechanical engineering equipment in Europe.

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Market Landscape

• LCV manufacturing captures a significant segment of the automotive industry in Europe.

• The reason for its popularity lies in its low operating costs coupled with powerful and fuel-efficient engines.

• The demand for LCVs depends on a wide range of economic and regulatory factors.

• Factors such as environmental and government concerns toward harmful emissions affecting the rise of global warming have forced the manufacturers to change the type of LCVs manufactured.

• Besides these, factors such as the recession of 2009 and inflation in the price of commodities such as steel and crude oil had negatively affected the market.

• The market has recovered from its period of slump, as given in the exhibit, and is further expected to improve over the forecast period because of the cost-effective environmental benefits associated with using LCVs over other commercial vehicles.

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Key Buying CriteriaParameter Details

After-sales Support The ease of the LCV to be repaired at regular intervals (through complete replacement or replacement of one or more associated components) should be convenient.

Life Cycle Cost An LCV component with a short life (or less reliable component assembly) may be less cost-effective over a component with a long life (and a more reliable component assembly).

Fuel Economy LCVs should have good fuel economy. Fuel economy is important to keep the cost (per kilometre) of the vehicle to a minimum.

Advanced Features Advanced features and functionalities such as luxury trims, a/v add-ons, and NVS play an important part in the adoption of LCVs.

Financing The availability of financing options for the purchase of LCVs should be easily facilitated.

Towing and Payload LCVs should have significant towing and payload capacity.

Interior The vehicle should have equipment such as GPS and HVAC systems. It should have optimized interior space to maximize storage and passenger capacity.

Durability The vehicle should be durable enough to be used in any weather. It should also run for a longer life span.

Powertrain Warranty The warranty for an LCV should be given for at least five years.

Occupant Safety LCVs should have safety equipment such as airbags and blind spot detection.

Infotainment The infotainment system should be fitted in LCVs, for better accessibility for audio and video devices.

Reliability LCVs should be able to perform well in the long run, without too much after-sales repair/frequent maintenance.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Light Commercial Vehicle (LCV) Market in Europe

2015-2019

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