List of Contents

Light Commercial Vehicles Market Size, Share, and Trends 2024 to 2034

The global light commercial vehicles market size is calculated at USD 420.19 billion in 2024, grew to USD 439.10 billion in 2025 and is projected to reach around USD 652.55 billion by 2034. The market is expanding at a CAGR of 4.50% between 2024 and 2034. The Asia Pacific light commercial vehicles market size is evaluated at USD 273.12 billion in 2024 and is expected to grow at a CAGR of 4.57% during the forecast year.

  • Last Updated : November 2024
  • Report Code : 5200
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Light Commercial Vehicles Market 

5.1. COVID-19 Landscape: Light Commercial Vehicles Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Light Commercial Vehicles Market, By Vehicle

8.1. Light Commercial Vehicles Market Revenue and Volume Forecast, by Vehicle, 2024-2034

8.1.1. Pickup Trucks

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. Light-Duty Trucks

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

8.1.3. Vans

8.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Light Commercial Vehicles Market, By Gross Weight

9.1. Light Commercial Vehicles Market Revenue and Volume Forecast, by Gross Weight, 2024-2034

9.1.1. 9000-12000 Lbs

9.1.1.1. Market Revenue and Volume Forecast (2021-2034)

9.1.2. 6000-9000 Lbs

9.1.2.1. Market Revenue and Volume Forecast (2021-2034)

9.1.3. 12000-14000 Lbs

9.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 10. Global Light Commercial Vehicles Market, By Fuel

10.1. Light Commercial Vehicles Market Revenue and Volume Forecast, by Fuel, 2024-2034

10.1.1. Diesel

10.1.1.1. Market Revenue and Volume Forecast (2021-2034)

10.1.2. Gasoline

10.1.2.1. Market Revenue and Volume Forecast (2021-2034)

10.1.3. Electric

10.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 11. Global Light Commercial Vehicles Market, By Application 

11.1. Light Commercial Vehicles Market Revenue and Volume Forecast, by Application, 2024-2034

11.1.1. Construction and Mining

11.1.1.1. Market Revenue and Volume Forecast (2021-2034)

11.1.2. Utility Services

11.1.2.1. Market Revenue and Volume Forecast (2021-2034)

11.1.3. Logistics and Transportation

11.1.3.1. Market Revenue and Volume Forecast (2021-2034)

11.1.4. Rental and Leasing

11.1.4.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 12. Global Light Commercial Vehicles Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.1.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.1.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.1.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.1.5.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.1.5.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.1.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.1.6.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.1.6.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.1.6.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.2.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.2.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.2.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.2.5.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.2.5.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.2.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.2.6.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.2.6.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.2.6.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.2.7.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.2.7.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.2.7.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.2.8.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.2.8.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.2.8.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.3.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.3.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.3.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.3.5.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.3.5.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.3.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.3.6.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.3.6.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.3.6.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.3.7.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.3.7.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.3.7.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.3.8.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.3.8.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.3.8.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.4.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.4.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.4.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.4.5.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.4.5.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.4.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.4.6.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.4.6.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.4.6.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.4.7.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.4.7.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.4.7.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.4.8.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.4.8.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.4.8.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.5.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.5.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.5.5.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.5.5.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.5.5.4. Market Revenue and Volume Forecast, by Application (2021-2034)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2034)

12.5.6.2. Market Revenue and Volume Forecast, by Gross Weight (2021-2034)

12.5.6.3. Market Revenue and Volume Forecast, by Fuel (2021-2034)

12.5.6.4. Market Revenue and Volume Forecast, by Application (2021-2034)

Chapter 13. Company Profiles

13.1. Daimler AG

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Ford Motor Company

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. General Motors

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Hyundai Motor Company

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Mitsubishi Motor Corporation

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Nissan Motor Company Ltd

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. PACCAR Inc.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Renault Trucks

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Volkswagen AG

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Volvo Group

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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