Indian Commercial Vehicles Market By Vehicle Type (Light, Medium, and Heavy Commercial Vehicles), Competition Forecast & Opportunities, 2023
According to “Indian Commercial Vehicles Market By Vehicle Type, Competition Forecast & Opportunities, 2023”, India commercial vehicle market is projected to exhibit a CAGR of over 10% by FY2023, on account of increasing infrastructure development projects, growing logistics sector, ease of financing, etc. Moreover, commercial vehicles market is anticipated to become more lucrative, as new models and brands are rolled out in the coming years. Some of the major players operating in India commercial vehicle market are Tata Motors Limited, Ashok Leyland Limited, VE Commercial Vehicles Limited, and Force Motors Limited. “Indian Commercial Vehicles Market By Vehicle Type, Competition Forecast & Opportunities, 2023” discusses the following aspects of commercial vehicles market in India:
The information contained in this report is based upon both primary and secondary research. Primary research included interaction with commercial vehicles manufacturers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
- Commercial Vehicles Market Size, Share & Forecast
- Segmental Analysis – By Vehicle Type (Light, Medium, and Heavy Commercial Vehicles)
- Competitive Analysis
- Changing Market Trends & Emerging Opportunities
- To gain an in-depth understanding of commercial vehicles market in India
- To identify the on-going trends and anticipated growth in the next five years
- To help industry consultants, commercial vehicles manufacturers, distributors and other stakeholders align their market-centric strategies
- To obtain research based business decisions and add weight to presentations and marketing material
- To gain competitive knowledge of leading market players
- To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs
The information contained in this report is based upon both primary and secondary research. Primary research included interaction with commercial vehicles manufacturers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
1. PRODUCT OVERVIEW
2. RESEARCH METHODOLOGY
3. ANALYST VIEW
4. VOICE OF CUSTOMER
4.1. Factor influencing purchase decisions
4.2. Aided brand recall
4.3. Unaided brand recall
4.4. Brand switching attributes
4.5. Brand satisfaction level
5. INDIA COMMERCIAL VEHICLES MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Light, Medium, and Heavy Commercial Vehicles)
5.2.2. By Company (Tata Motors, Mahindra & Mahindra, Ashok Leyland & Others)
5.2.3. By Region (Western, Southern, Northern, Eastern)
6. INDIA LIGHT COMMERCIAL VEHICLES (LCVS) MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (LCV Goods 2-3.5T GVW, LCV Goods <2T GVW, LCV Passenger and LCV Goods >3.5T GVW)
6.2.2. By End Use Industry
7. INDIA MEDIUM COMMERCIAL VEHICLES (MCVS) MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Medium Duty Truck and Medium Duty Bus)
7.2.2. By Tonnage Type (MCV Goods 7.5-12 GVW and 12-16.2 GVW)
7.2.3. By End Use Industry (Truck)
7.2.4. By End Use Industry (Bus)
8. INDIA HEAVY COMMERCIAL VEHICLES (HCVS) MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Heavy Duty Truck and Heavy Duty Bus)
8.2.2. By Tonnage Type (HCV Goods >16.2-25 GVW and HCV Goods >25 GVW)
8.2.3. By End Use Industry (Truck)
8.2.4. By End Use Industry (Bus)
9. IMPORT-EXPORT ANALYSIS
10. SUPPLY CHAIN ANALYSIS
11. MARKET DYNAMICS
11.1. Drivers
11.2. Challenges
12. POLICY & REGULATORY LANDSCAPE
13. MARKET TRENDS & DEVELOPMENTS
14. INDIA ECONOMIC PROFILE
15. COMPETITIVE LANDSCAPE
15.1. Tata Motors Limited
15.2. Mahindra & Mahindra Limited
15.3. Ashok Leyland Limited
15.4. SML Isuzu Limited
15.5. Force Motors Limited
15.6. VE Commercial Vehicles Limited
15.7. Piaggio Vehicles Private Limited
15.8. Daimler India Commercial Vehicles Pvt. Ltd.
15.9. AMW Motors Ltd.
15.10. Hindustan Motors Limited
16. STRATEGIC RECOMMENDATIONS
2. RESEARCH METHODOLOGY
3. ANALYST VIEW
4. VOICE OF CUSTOMER
4.1. Factor influencing purchase decisions
4.2. Aided brand recall
4.3. Unaided brand recall
4.4. Brand switching attributes
4.5. Brand satisfaction level
5. INDIA COMMERCIAL VEHICLES MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Light, Medium, and Heavy Commercial Vehicles)
5.2.2. By Company (Tata Motors, Mahindra & Mahindra, Ashok Leyland & Others)
5.2.3. By Region (Western, Southern, Northern, Eastern)
6. INDIA LIGHT COMMERCIAL VEHICLES (LCVS) MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (LCV Goods 2-3.5T GVW, LCV Goods <2T GVW, LCV Passenger and LCV Goods >3.5T GVW)
6.2.2. By End Use Industry
7. INDIA MEDIUM COMMERCIAL VEHICLES (MCVS) MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Medium Duty Truck and Medium Duty Bus)
7.2.2. By Tonnage Type (MCV Goods 7.5-12 GVW and 12-16.2 GVW)
7.2.3. By End Use Industry (Truck)
7.2.4. By End Use Industry (Bus)
8. INDIA HEAVY COMMERCIAL VEHICLES (HCVS) MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Heavy Duty Truck and Heavy Duty Bus)
8.2.2. By Tonnage Type (HCV Goods >16.2-25 GVW and HCV Goods >25 GVW)
8.2.3. By End Use Industry (Truck)
8.2.4. By End Use Industry (Bus)
9. IMPORT-EXPORT ANALYSIS
10. SUPPLY CHAIN ANALYSIS
11. MARKET DYNAMICS
11.1. Drivers
11.2. Challenges
12. POLICY & REGULATORY LANDSCAPE
13. MARKET TRENDS & DEVELOPMENTS
14. INDIA ECONOMIC PROFILE
15. COMPETITIVE LANDSCAPE
15.1. Tata Motors Limited
15.2. Mahindra & Mahindra Limited
15.3. Ashok Leyland Limited
15.4. SML Isuzu Limited
15.5. Force Motors Limited
15.6. VE Commercial Vehicles Limited
15.7. Piaggio Vehicles Private Limited
15.8. Daimler India Commercial Vehicles Pvt. Ltd.
15.9. AMW Motors Ltd.
15.10. Hindustan Motors Limited
16. STRATEGIC RECOMMENDATIONS
LIST OF TABLES
Table 1: India Commercial Vehicles Exports, By Value (USD Million), By Volume (Thousand), FY2016 & FY2017
Table 2: India Commercial Vehicles Imports, By Value (USD Million), By Volume (Thousand), FY2016 & FY2017
Table 3: India Trade Agreements
Table 1: India Commercial Vehicles Exports, By Value (USD Million), By Volume (Thousand), FY2016 & FY2017
Table 2: India Commercial Vehicles Imports, By Value (USD Million), By Volume (Thousand), FY2016 & FY2017
Table 3: India Trade Agreements
LIST OF FIGURES
Figure 1: India Commercial Vehicle Market - Factors Influencing Purchase Decision (N=100)
Figure 2: India Commercial Vehicle Market - Aided Brand Recall (N=100)
Figure 3: India Commercial Vehicle Market - Unaided Brand Recall (N=100)
Figure 4: India Commercial Vehicle Market - Brand Switching (N=100)
Figure 5: India Commercial Vehicle Market - Brand Switching Attributes (N=100)
Figure 6: India Commercial Vehicle Market Brand Satisfaction Level (N=100)
Figure 7: India Commercial Vehicle Market - Brand Satisfaction Level, By Maintenance (N=100)
Figure 8: India Commercial Vehicle Market - Brand Satisfaction Level, By Vehicle Handling (N=100)
Figure 9: India Commercial Vehicle Market - Brand Satisfaction Level, By After-sale service (N=100)
Figure 10: India Commercial Vehicle Market - Brand Satisfaction Level, By Performance (N=100)
Figure 11: India Commercial Vehicle Market -Brand Satisfaction Level, By Pricing Factor (N=100)
Figure 12: India Commercial Vehicle Market - Brand Satisfaction Level, By Load bearing capacity (N=100)
Figure 13: India LCV Market - Factors Influencing Purchase Decision (N=55)
Figure 14: India LCV Market - Aided Brand Recall (N=55)
Figure 15: India LCV Market - Unaided Brand Recall (N=55)
Figure 16: India LCV Market - Brand Switching (N=55)
Figure 17: India LCV Market - Brand Switching Attributes (N=55)
Figure 18: India LCV Market - Brand Satisfaction Level (N=55)
Figure 19: India LCV Market - Brand Satisfaction Level, By Maintenance (N=55)
Figure 20: India LCV Market - Brand Satisfaction Level, By Vehicle Handling (N=55)
Figure 21: India LCV Market - Brand Satisfaction Level, By After-sale Service (N=55)
Figure 22: India LCV Market - Brand Satisfaction Level, By Performance (N=55)
Figure 23: India LCV Market - Brand Satisfaction Level, By Pricing Factor(N=55)
Figure 24: India LCV Market - Brand Satisfaction Level, By Load bearing capacity(N=55)
Figure 25: India MCV Market - Factors Influencing Purchase Decision (N=30)
Figure 26: India MCV Market - Aided Brand Recall (N=30)
Figure 27: India MCV Market - Unaided Brand Recall (N=30)
Figure 28: India MCV Market - Brand Switching (N=30)
Figure 29: India MCV Market - Brand Switching Attributes (N=30)
Figure 30: India MCV Market - Brand Satisfaction Level (N=30)
Figure 31: India MCV Market - Brand Satisfaction Level, By Maintenance (N=30)
Figure 32: India MCV Market - Brand Satisfaction Level, By Vehicle Handling (N=30)
Figure 33: India MCV Market - Brand Satisfaction Level, By After-sale service (N=30)
Figure 34: India MCV Market - Brand Satisfaction Level, By Performance (N=30)
Figure 35: India MCV Market - Brand Satisfaction Level, By Pricing Factor (N=30)
Figure 36: India MCV Market - Brand Satisfaction Level, By Load bearing capacity (N=30)
Figure 37: India HCV Market - Factors Influencing Purchase Decision (N=15)
Figure 38: India HCV Market - Aided Brand Recall (N=15)
Figure 39: India HCV Market - Unaided Brand Recall (N=15)
Figure 40: India HCV Market - Brand Switching Attributes (N=15)
Figure 41: India HCV Market - Brand Switching Attributes (N=15)
Figure 42: India HCV Market - Brand Satisfaction Level (N=15)
Figure 43: India HCV Market - Brand Satisfaction Level, By Maintenance (N=15)
Figure 44: India HCV Market - Brand Satisfaction Level, By Vehicle Handling (N=15)
Figure 45: India HCV Market - Brand Satisfaction Level, By After-sale service (N=15)
Figure 46: India HCV Market - Brand Satisfaction Level, By Performance (N=15)
Figure 47: India HCV Market - Brand Satisfaction Level, By Pricing Factor (N=15)
Figure 48: India HCV Market - Brand Satisfaction Level, By Load bearing capacity(N=15)
Figure 49: India Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F
Figure 50: India Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F
Figure 51: India Commercial Vehicles Market Share, By Company, By Volume, FY2013-FY2023F
Figure 52: India Commercial Vehicles Market Share, By Region, By Volume, FY2013-FY2023F
Figure 53: India Light Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F
Figure 54: India Light Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F
Figure 55: India Light Commercial Vehicles Market Share, By End Use Industry, By Volume, FY2013-FY2023F
Figure 56: India Medium Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F
Figure 57: India Medium Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F
Figure 58: India Medium Commercial Vehicles Market Share, By Tonnage Type(GVW), By Volume, FY2013-2023F
Figure 59: India Medium Commercial Vehicles (Truck) Market Share, By End Use Industry, By Volume, FY2013-FY2023F
Figure 60: India Medium Commercial Vehicles (Bus) Market Share, By End Use Industry, By Volume, FY2013-FY2023F
Figure 61: India Heavy Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F
Figure 62: India Heavy Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F
Figure 63: India Heavy Commercial Vehicles Market Share, By Tonnage Type (GVW), By Volume, FY2013-2023F
Figure 64: India Heavy Commercial Vehicles (Truck) Market Share, By End Use Industry, By Volume, FY2013-FY2023F
Figure 65: India Heavy Commercial Vehicles (Bus) Market Share, By End Use Industry, By Volume, FY2013-FY2023F
COMPANIES MENTIONED
1. Tata Motors Limited
2. Mahindra & Mahindra Limited
3. Ashok Leyland Limited
4. SML Isuzu Limited
5. Force Motors Limited
6. VE Commercial Vehicles Limited
7. Piaggio Vehicles Private Limited
8. Daimler India Commercial Vehicles Pvt. Ltd.
9. AMW Motors Ltd.
10. Hindustan Motors Limited
Figure 1: India Commercial Vehicle Market - Factors Influencing Purchase Decision (N=100)
Figure 2: India Commercial Vehicle Market - Aided Brand Recall (N=100)
Figure 3: India Commercial Vehicle Market - Unaided Brand Recall (N=100)
Figure 4: India Commercial Vehicle Market - Brand Switching (N=100)
Figure 5: India Commercial Vehicle Market - Brand Switching Attributes (N=100)
Figure 6: India Commercial Vehicle Market Brand Satisfaction Level (N=100)
Figure 7: India Commercial Vehicle Market - Brand Satisfaction Level, By Maintenance (N=100)
Figure 8: India Commercial Vehicle Market - Brand Satisfaction Level, By Vehicle Handling (N=100)
Figure 9: India Commercial Vehicle Market - Brand Satisfaction Level, By After-sale service (N=100)
Figure 10: India Commercial Vehicle Market - Brand Satisfaction Level, By Performance (N=100)
Figure 11: India Commercial Vehicle Market -Brand Satisfaction Level, By Pricing Factor (N=100)
Figure 12: India Commercial Vehicle Market - Brand Satisfaction Level, By Load bearing capacity (N=100)
Figure 13: India LCV Market - Factors Influencing Purchase Decision (N=55)
Figure 14: India LCV Market - Aided Brand Recall (N=55)
Figure 15: India LCV Market - Unaided Brand Recall (N=55)
Figure 16: India LCV Market - Brand Switching (N=55)
Figure 17: India LCV Market - Brand Switching Attributes (N=55)
Figure 18: India LCV Market - Brand Satisfaction Level (N=55)
Figure 19: India LCV Market - Brand Satisfaction Level, By Maintenance (N=55)
Figure 20: India LCV Market - Brand Satisfaction Level, By Vehicle Handling (N=55)
Figure 21: India LCV Market - Brand Satisfaction Level, By After-sale Service (N=55)
Figure 22: India LCV Market - Brand Satisfaction Level, By Performance (N=55)
Figure 23: India LCV Market - Brand Satisfaction Level, By Pricing Factor(N=55)
Figure 24: India LCV Market - Brand Satisfaction Level, By Load bearing capacity(N=55)
Figure 25: India MCV Market - Factors Influencing Purchase Decision (N=30)
Figure 26: India MCV Market - Aided Brand Recall (N=30)
Figure 27: India MCV Market - Unaided Brand Recall (N=30)
Figure 28: India MCV Market - Brand Switching (N=30)
Figure 29: India MCV Market - Brand Switching Attributes (N=30)
Figure 30: India MCV Market - Brand Satisfaction Level (N=30)
Figure 31: India MCV Market - Brand Satisfaction Level, By Maintenance (N=30)
Figure 32: India MCV Market - Brand Satisfaction Level, By Vehicle Handling (N=30)
Figure 33: India MCV Market - Brand Satisfaction Level, By After-sale service (N=30)
Figure 34: India MCV Market - Brand Satisfaction Level, By Performance (N=30)
Figure 35: India MCV Market - Brand Satisfaction Level, By Pricing Factor (N=30)
Figure 36: India MCV Market - Brand Satisfaction Level, By Load bearing capacity (N=30)
Figure 37: India HCV Market - Factors Influencing Purchase Decision (N=15)
Figure 38: India HCV Market - Aided Brand Recall (N=15)
Figure 39: India HCV Market - Unaided Brand Recall (N=15)
Figure 40: India HCV Market - Brand Switching Attributes (N=15)
Figure 41: India HCV Market - Brand Switching Attributes (N=15)
Figure 42: India HCV Market - Brand Satisfaction Level (N=15)
Figure 43: India HCV Market - Brand Satisfaction Level, By Maintenance (N=15)
Figure 44: India HCV Market - Brand Satisfaction Level, By Vehicle Handling (N=15)
Figure 45: India HCV Market - Brand Satisfaction Level, By After-sale service (N=15)
Figure 46: India HCV Market - Brand Satisfaction Level, By Performance (N=15)
Figure 47: India HCV Market - Brand Satisfaction Level, By Pricing Factor (N=15)
Figure 48: India HCV Market - Brand Satisfaction Level, By Load bearing capacity(N=15)
Figure 49: India Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F
Figure 50: India Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F
Figure 51: India Commercial Vehicles Market Share, By Company, By Volume, FY2013-FY2023F
Figure 52: India Commercial Vehicles Market Share, By Region, By Volume, FY2013-FY2023F
Figure 53: India Light Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F
Figure 54: India Light Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F
Figure 55: India Light Commercial Vehicles Market Share, By End Use Industry, By Volume, FY2013-FY2023F
Figure 56: India Medium Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F
Figure 57: India Medium Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F
Figure 58: India Medium Commercial Vehicles Market Share, By Tonnage Type(GVW), By Volume, FY2013-2023F
Figure 59: India Medium Commercial Vehicles (Truck) Market Share, By End Use Industry, By Volume, FY2013-FY2023F
Figure 60: India Medium Commercial Vehicles (Bus) Market Share, By End Use Industry, By Volume, FY2013-FY2023F
Figure 61: India Heavy Commercial Vehicles Market Size, By Value (USD Billion), By Volume (Thousand Units), FY2013-FY2023F
Figure 62: India Heavy Commercial Vehicles Market Share, By Vehicle Type, By Volume, FY2013-2023F
Figure 63: India Heavy Commercial Vehicles Market Share, By Tonnage Type (GVW), By Volume, FY2013-2023F
Figure 64: India Heavy Commercial Vehicles (Truck) Market Share, By End Use Industry, By Volume, FY2013-FY2023F
Figure 65: India Heavy Commercial Vehicles (Bus) Market Share, By End Use Industry, By Volume, FY2013-FY2023F
COMPANIES MENTIONED
1. Tata Motors Limited
2. Mahindra & Mahindra Limited
3. Ashok Leyland Limited
4. SML Isuzu Limited
5. Force Motors Limited
6. VE Commercial Vehicles Limited
7. Piaggio Vehicles Private Limited
8. Daimler India Commercial Vehicles Pvt. Ltd.
9. AMW Motors Ltd.
10. Hindustan Motors Limited
