Light Duty Vehicle Market - Forecast(2021 - 2026)

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Light Duty Vehicle MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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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. Furthermore, it is
  anticipated that strict regulations aimed at
  reducing vehicle emissions would stimulate the
  adoption of electric light duty trucks and thus
  drive the market growth over the forecast period.
  
• Light duty vehicle tend to emit lower volumes of
  air pollutants and are hence turning out to be
  the preferred vehicle to transport people and
  goods.

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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
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• Light Duty Vehicle Market Industry Outlook 
• BMW
• Diamler AG
• Fiat Chrysler Automobiles
• Ford Motor Company Company
• Fuji Heavy Industries
• General Motors
• Honda Motor
• Hyundai Motors
• Nissan Motor Corporation
• Toyota Motor Corporation

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Light Duty Vehicle - Forecast(2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Research/Light-Duty-V
ehicle-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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