According to Data Bridge Market Research new Market report, global light vehicles market is growing at a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing levels of innovations and advancements in the technology utilized in the products.
This Global Light Vehicles market research report is a great option to achieve current as well as upcoming technical and financial details of the industry to 2025. Clients can get familiar, by using this report, with the new opportunities in the Automotive industry and most important customers for the business growth. The key research methodology used throughout this report by DBMR research team is data triangulation which takes into account data mining, analysis of the impact of data variables on the market, and primary validation. The report puts a light on forthcoming and key opportunities in new geographical market.
Target driven generation of report, loyalty for the quality and transparency in research method are few of the features with which this Global Light Vehicles market report can be adopted with confidence. SWOT analysis and Porter’s Five Forces Analysis are two of the most extensively used techniques while preparing this report. This market report lends a hand to Automotive industry by giving actionable market insights and comprehensive market analysis. Moreover, the company profile, product specifications, capacity, production value, and market shares for each company for the forecast period is also showcased in this Global Light Vehicles market report.
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Major Players profiled in this report:
Few of the major competitors currently working in the light vehicles market are Toyota Motor Corporation; Volkswagen AG; HYUNDAI MOTOR GROUP; Fiat Chrysler Automobiles; Honda Motor Co., Ltd.; Groupe Renault; Nissan; Groupe PSA; Zhejiang Geely Holding Group; ASHOK LEYLAND; suzuki motor corporation; Tata Motors and MITSUBISHI MOTORS CORPORATION.
Global Light Vehicles Market:
Light vehicles are those vehicles which are lighter in weight, which is designed to carry limited number of loads or things to a determined weight. These vehicles constitute of lighter-weight metals and lower engine power which significantly affects the overall weight of the vehicle. The fuel efficiency of the light weight is better than the heavy vehicles. Materials like carbon-fiber composites, aluminum, magnesium, and steel blends helped the engineers to reduce vehicular weight without effecting strength and durability.
FACTORS DRIVING GROWTH IN LIGHT VEHICLES MARKET:
Developments in the market:
- In December 2018, Tata Motors announced the commercial launch of their four new models of light commercial vehicles- LPT 912, LPK 912, LPK 1212 and LPT1412 which are packed with superior Common Rail Diesel Injection (CRDI) engine technology to enhance the fuel efficiency, superior design and more reliable aggregates, ensuring lowest cost of ownership, higher uptime and increased driver comfort.
- In February 2019, Forum India announced the launch of their battery swapping project for light electric vehicles. The project comprises of 90 NMC Batteries of 1.5 kWh, one swapping station with 20 batteries and 30 Zbees which have been modified for swapping. The main aim of the project is to evaluate a complete battery swapping system, including vehicles without battery, batteries and charging stations.
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