Global Small Commercial Vehicle Market to Reach USD 820 Bn by 2021, Expects TechSci Research in Its New Report Available at MarketPublishers.com17 Apr 2017 • by Natalie Aster
LONDON – Used for transportation of goods and passengers, small commercial vehicles are enjoying growing demand today majorly due to an increasing number of small and medium enterprises (SMEs). Moreover, ongoing development of the logistics industry on a global scale and strong demand for both intracity and intercity transportation of goods are among favourable factors driving growth in the worldwide small commercial vehicle market. In the years ahead, the demand for such type of vehicles is poised to keep on growing further also due to its benefits like fuel efficiency and better outreach in terms of location.
Thus, the world’s small commercial vehicle market is predicted to outstrip the USD 820 billion mark up till 2021. The market growth is poised to be spurred by favourable government initiatives introduced in different countries to drive the demand for small commercial vehicles in the coming years.
As of 2015, North America was the top demand generator worldwide. In the years to come, the region is likely to remain the leader in the global marketplace.
New comprehensive research report “Global Small Commercial Vehicle Market By Vehicle Type, By Region, Competition Forecast & Opportunities, 2011 – 2021” worked out by TechSci Research provides a detailed analysis of the global marketplace, contains the market segmentation overview on the basis of the vehicle types and regions. It also covers the market size and shares, examines the current and changing market development trends and identifies the emerging growth opportunities. Moreover, this comprehensive publication delves deep into the market competitive landscape and gives valuable strategic recommendations. 20 granular profiles of top players are at hand here. The research study also offers an overview of the main growth driving and limiting forces together with the key challenges in the small commercial vehicles market. Holistic future outlook for the marketplace up to 2021 is available in the research study as well.
For other new research reports elaborated by TechSci Research, kindly follow to its catalogue available at MarketPublishers.com.