London, 14 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the LCV market in Europe 2015-2019, which is expected to grow at a CAGR of 11.42% during the forecast period of 2014-2019.
The demand for LCVs depends on a wide range of economic and regulatory factors. Several 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.
“Technological developments in LCV powertrains, such as the usage of turbochargers, have become inevitable because of the stringent emission norms in Europe,” says Faisal Ghaus, Vice President of Technavio.
“There is also a growing demand for fuel-efficient vehicles from the logistics and transportation industries, along with the government.”
Key Market Drivers
- Increasing Replacement Market
- Demand Shift to Online Retail
- Rising Emission Regulations
- Upturn in Mining Activities
Key Market Trends
- Advent of Natural Gas in LCV Market
- Turbochargers for Engine Downsizing
- Increased Exhaust After-treatment Systems
Key Market Vendors
- Daimler Trucks
- CNH Industrial
- MAN
- Renault
- Volvo Trucks
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
