The Light Commercial Vehicle Market is expanding rapidly and leaning more and more toward commercial cars and compact vans with European styling. Increasing urbanisation and the rise of e-commerce necessitate new transportation strategies for both people and commodities in city centres, as well as improved logistics. Between now and 2030, there will be a projected 125% rise in final-mile delivery in metropolitan areas. Shorter distances are typically covered by light commercial trucks.
Due to the expansion of the logistics and e-commerce sectors, there will certainly be a rise in the demand for LCVs. The expansion of the Light Commercial Vehicle Market is due to the emergence of new retail and e-commerce platforms that demand effective logistics as a result of rapid urbanisation. Sports utility vehicles, vans, pickup trucks, and multipurpose vehicles are among the automobiles the US government classifies as "light vehicles."
Read the Press Release of Light Commercial Vehicle Market
Read More- https://cmi-latestreportorientedblogs.blogspot.com/2022/12/light-commercial-vehicle-market.html
