The Light vehicle capacity of Asia attained a value of 73,621,681 Units in 2020
GlobalData projects the indicator to grow at a CAGR of...
The Light vehicle capacity of Asia (2017 - 2025, Units)
Light vehicle capacity of Asia
The light trucks market includes all light commercial vehicles (LCVs) and light buses and coaches (LBCs) weighing up to 3.5 tonnes. This includes pick-ups and vans but excludes sports utility and similar vehicles. The market value is calculated in terms of manufacturer selling price (MSP) and excludes all taxes and levies.
The Asia-Pacific light trucks market continued to expand strongly by value and volume, as the Chinese and Indian markets grew particularly rapidly. The market is projected to sustain strong growth through the forecast period. LCV purchasers are principally businesses. Trends in sales of new LCV’s are therefore often interpreted as a sign of business confidence in the immediate and short-term future, which remains strong in Asia-Pacific.
Category segmentation
Light Commercial Vehicles is the largest segment of the light trucks market in Asia-Pacific. It accounts for more than two-third of the market.
Geography segmentation
China owns the largest share in the Asian Light vehicle market in terms of capacity. Japan is second in the ranking list.
Competitive landscape
In the Asia-Pacific light trucks market, there are a small number of large companies, between whom competition is fierce. Following the global economic downturn that has been experienced on a global scale, in the face of falling sales some companies such as Nissan entered into partnerships and restructuring. However, these market players have since managed to recover fairly well. Companies operating in this market tend to have operations in other markets, such as passenger car manufacture, which reduces their reliance on the light trucks market to an extent.
Who are the leading players?
Dongfeng Motor Group Co., Ltd.
Dongfeng Motor Group (DMG) manufactures commercial vehicles, passenger vehicles, engines and auto parts, and vehicle manufacturing equipment.
Tata Motors is an Indian automobile manufacturer with a portfolio comprising of light commercial vehicles, medium and heavy commercial vehicles, utility vehicles, and passenger cars. It has automotive operations in India, South Korea, South Africa, Thailand, Bangladesh, Singapore, Spain, and the UK. The company is a part of the Tata Group, one of the leading business groups in India.
Toyota is one of the largest automobile manufacturers in the world. The company is engaged in the design, manufacture, assembly and sale of passenger cars, minivans, and commercial vehicles such as trucks and related parts and accessories throughout the world.
Germany
Japan
United States of America
United States of America
Netherlands
Germany
South Korea
United States of America
China
South Korea
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