Global Light Duty Vehicle Market at A Highest CAGR of 8.59 % With Leading PlayerPosted by swamiv on October 31st, 2019 Global Light Duty Vehicle Market By Type (Passenger Car, Van, SUV, Pickup Truck), Fuel Type (Diesel, Gasoline, Hybrid, Electric), Transmission (FWD, RWD, 4WD, AWD) Market Analysis: Global Light Duty Vehicle MarketGlobal Light Duty Vehicle Market is expected to register a substantial CAGR of 8.59% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing levels of innovations and advancements autonomous vehicles, along with focus of various manufacturers to shift to electric vehicle product range. Get Inquiry Before Buying @ Competitive Analysis: Global light duty vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of light duty vehicle market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa. Segmentation: Global Light Duty Vehicle MarketBy Type
By Fuel Type
By Transmission
Market Definition: Global Light Duty Vehicle Market Global Light Duty Vehicle Market are the vehicle category that has undergone the “Worldwide Harmonised Light Vehicle Test” procedure to test the vehicle performance for emission of pollutants, CO2, and measuring the consumption of fuel over a certain distance. This vehicle category is defined in their structure as having “Gross Vehicle Weight Rating” (GVWR) of no more than 8,500 lbs. Market Drivers:
Market Restraints:
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