The Light vehicle production of Germany attained a value of 3,740,460 Units in 2021
The indicator recorded a historical decline (CAGR) of 11% between 2018 to 2021 and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of 5.57% between 2022 and 2026, reaching...
The Light vehicle production in Germany (2018 - 2026, Units)
Light vehicle capacity of Germany
The light trucks market includes all light commercial vehicles (LCVs) and light buses and coaches (LBCs) . This includes pick-ups and vans but excludes sports utility and similar vehicles. The market value is calculated in terms of the manufacturer’s selling price (MSP) and excludes all taxes and levies.
The German light trucks market declined slightly in recent years. Although steady consistent growth by both value and volume is predicted through the forecast period. LCV sales had the highest volume in the German light trucks market.
Category segmentation
Light Commercial Vehicles is the largest segment of the light trucks market in Germany, accounting for a majority of the market's total volume.
Geography segmentation
France owns the largest share in the European Light vehicle market in terms of capacity. Germany is second in the ranking list.
Competitive landscape
In the German light trucks market, there are a small number of large companies notably Peugeot, Renault, Volkswagen, and Ford, between whom competition is fierce. Following the global economic downturn, many companies have entered partnerships, in the case of Peugeot sought investment or restructured to adapt to prevailing conditions. However, a positive for the market is that these companies have since performed reasonably 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?
Ford, one of the oldest car manufacturers in the world, designs, builds, and sells cars, utilities vehicles, and trucks. The company's core and affiliated automotive brands include Ford and Lincoln. Ford, through its subsidiaries, also provides vehicle financing services. It operates across North America, Europe, South America, Asia Pacific, and Africa.
PSA Peugeot Citroen S.A.
PSA Peugeot Citroen is a French manufacturer of passenger cars and light commercial vehicles. It produces vehicles under the Peugeot and Citroen brands. In addition to car manufacturing, the group is engaged in the provision of financial services, automotive parts, as well as the manufacturing of scooters and motorcycles. Peugeot has its operations in Europe, Africa, Asia Pacific, the Americas and other parts of the world.
Renault designs develop, manufactures, and markets passenger cars and light commercial vehicles (LCVs) across the world. The company also provides sales financing, hire purchase, and contract hire services. It has an industrial and commercial presence in Europe, the Americas, Asia Pacific, Euromed, and Eurasia.
Volkswagen AG (Volkswagen) is one of the world's leading automobile manufacturers and the largest carmaker in Europe. It markets its vehicles under the following brands: Volkswagen, Audi, Skoda, Porsche, SEAT, MAN, Bentley, Scania, Bugatti and Lamborghini.
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