Light Duty Vehicle Market

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Light Duty Vehicle Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2023-2028
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The market for Light Duty Vehicle is forecast to
reach 560 billion by 2025, growing at a CAGR of
9.1 from 2020 to 2025. Demand for light duty
vehicle is expected to increase due to the lower
amount of air pollution that is caused by them.
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• Key Takeaways
• North America dominated the market in 2019 with a
  share of 39 owing to the growing adoption of
  electric vehicle in line with the government
  initiatives favouring the development and
  adoption of electric vehicle and the rollout of
  electric vehicle charging infrastructure.
• The passenger car segment accounted for 28 of
  the market share in 2019 attributed to the
  growing adoption of passenger cars by incumbents
  of the tourism industry.
• One of the major factors boosting the light duty
  vehicle market is the increased demand for
  Special Utility Vehicles (SUVs) in the recent
  years.

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By Distribution Channel- Segment Analysis On the
basis of vehicle type, the market for light duty
vehicle has been further segmented into passenger
car, van, Sports Utility Vehicle (SUV), and
pickup truck. The passenger car segment
accounted for 42 of the market share in 2019.
Growth in this segment is attributed to the
growing adoption of passenger cars by incumbents
of the tourism industry. Additionally, the
governments of various countries have issued
regulations that have led the passenger car
manufacturers to produce efficient and
low-emission vehicles which have intensely
pressurized the latter to engage in research and
development works.
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• Light Duty Vehicle Market Industry Outlook
• BMW AG
• Daimler AG
• Fiat Chrysler Automobiles N.V.
• Ford Motor Company
• General Motors Company
• Honda Motor Company, Ltd.
• Hyundai Motor Company
• Nissan Motor Company, Ltd.
• Subaru Corporation
• Toyota Motor Corporation

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Light Duty Vehicle Market - Forecast(2023 -
2028) Learn More About the Report _at_
https//www.industryarc.com/Research/Light-Duty-Ve
hicle-Market-Research-501144
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
  /purchasereport.php?id501144

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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
Inquiry Before Buying
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