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A10279 | Pages: NA | Charts: NA | Tables: NA |
Small commercial vehicle (SCV) is widely used for short inter-city and intra-city delivery of goods. It is mostly preferred by the small businesses for transporting bulky loads and heavy cargos. Small commercial vehicle is either three-wheeled or four-wheeled, depending on the weight of the goods. Most vehicles are integrated with latest engine technology that make them travel rough terrains easily as smooth streets. Globalization and growing penetration of e-commerce that results in increased trade and delivery of goods. Furthermore, high demand for small commercial vehicles from the developing economies is also propelling the market growth.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2021–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Fuel type and application type |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
Companies covered | Tata motors, Ashok Leyland, Mahindra & Mahindra, Eicher Motors, Swaraj Mazda – SML ISUZU, Asia Motor Works, Hindustan Motors, BharatBenz, MAN Trucks, Scania Trucks, Volvo Trucks and Force Motors |
Covid-19 Scenario Analysis
The significant factors impacting the growth of the small commercial vehicle market are increase in penetration of electric commercial vehicles and rise in penetration of e-commerce. However, current issues of electric vehicles in transport activities hamper the growth of the small commercial vehicle market. On the other hand, speedy urbanization and high demand for small commercial vehicles from the developing economies is accelerating the growth of the small commercial vehicle market.
Increasing population have resulted in increasing the sales of small commercial vehicles. On the other hand, these vehicles are mostly preferred by the small businesses for transporting bulky loads and heavy cargos. Which in turn increases the demand for small commercial vehicles and leads to further growth in the near future.
Increase in number of construction and e-commerce activities resulted in an increase in demand for material transportation. Which, in turn, resulted in increased sales of commercial vehicles, worldwide. This is likely to drive the growth of the commercial vehicles market in the near future.
Key segments covered:
Segments | Sub-segments |
By fuel type |
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By application type |
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Key benefits of the report:
Questions answered in the small commercial vehicle market research report:
Key Market Segments
Key Market Players