Europe LCV Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Europe Light Commercial Vehicle (LCV) Market is Segmented by Vehicle Type (Commercial Vehicles), by Engine Type (Hybrid And Electric Vehicles, ICE) and by Country (Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Latvia, Lithuania, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe)

Europe Light Commercial Vehicle (LCV) Market Size

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Europe Light Commercial Vehicles Market
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 42.19 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 56.74 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub Body Type Light Commercial Pick-up Trucks
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 6.11 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Germany

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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Europe Light Commercial Vehicle (LCV) Market Analysis

The Europe Light Commercial Vehicles Market size is estimated at USD 42.19 billion in 2024, and is expected to reach USD 56.74 billion by 2029, growing at a CAGR of 6.11% during the forecast period (2024-2029).

  • Largest Segment by Fuel Type - Gasoline : The availability of fuel and the lack of charging infrastructure for electric vehicles are the factors surging the demand for traditional fuel engines, making gasoline the largest fuel type.
  • Largest Segment by Sub-Body Type - Light Commercial Pick-up Trucks : An increase in online purchases and growth in the e-commerce industry has grown the last mile logistics, which has immensely grown the market for pick up trucks for delivery in Europe in recent years.
  • Fastest-growing Segment by Fuel Type - FCEV : Battery electric commercial vehicles are the fastest-growing fuel type segment due to the adoption of electric mobility and stringent norms implemented by the government for commercial vehicles.
  • Largest Segment by Country - Germany : In Europe, France has witnessed the highest sales of light commercial vehicles. The growing demand for the e-commerce and logistics sector is enhancing the sales of LCVs in France.

Europe Light Commercial Vehicle (LCV) Market Trends

This section covers the major market trends shaping the Europe LCV Market according to our research experts:

Light Commercial Pick-up Trucks is the largest segment by Sub Body Type.

  • Nearly 29 million vans are in circulation throughout the European Union, half of which can be found in three countries: France (5.9 million vans), Italy (4.3 million), and Spain (3.9 million). The average age of light commercial vehicles in the EU is 11.9 years. Of the EU's four major markets, Italy has the oldest van fleet (13.8 years), followed closely by Spain (13.3 years).
  • New registrations for vans classified as light commercial vehicles were down roughly 12% from September 2020 to September 2021. There were almost 20% more newly registered vehicles during the first nine months of 2021 than during the same period in 2020. An average of 3% of new vans were battery electric cars, all of which were vans. Daimler presently has the largest percentage (6%) of electric vans in the manufacturer pool this year, and Germany has the highest percentage (5 %). Van manufacturer pools are currently, on average, roughly 8 g/km short of meeting their individual 2021 CO2 targets.
  • The European Commission was mandated to monitor the on-road fuel and electric energy consumption of passenger cars and vans under the light-duty vehicle CO2 rule introduced in 2019 to stop the growing discrepancy between type approval and actual CO2 emissions. Manufacturers must install onboard fuel and energy consumption monitoring devices (OBFCMs) in new passenger cars and vans starting in 2020 to gather the essential monitoring data. The Commission must evaluate by 2023 the potential use of OBFCM data to assure real-world CO2 reductions and, by 2027, determine if it is feasible to align each manufacturer's average CO2 emissions with its real-world performance starting in 2030.
Europe Light Commercial Vehicles Market

Germany is the largest segment by Country.

Europe Light Commercial Vehicles Market

Europe Light Commercial Vehicle (LCV) Industry Overview

The Europe Light Commercial Vehicles Market is moderately consolidated, with the top five companies occupying 56.81%. The major players in this market are Ford Motor Company, Peugeot, Renault Group, Tesla Inc. and Volkswagen AG (sorted alphabetically).

Europe Light Commercial Vehicle (LCV) Market Leaders

  1. Ford Motor Company

  2. Peugeot

  3. Renault Group

  4. Tesla Inc.

  5. Volkswagen AG

*Disclaimer: Major Players sorted in no particular order

Europe Light Commercial Vehicles Market
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Europe Light Commercial Vehicle (LCV) Market News

  • June 2022: Nissan has announced the new Townstar van, which will go on sale in June 2022. This model will take the place of the e-NV200. With both petrol and fully electric engine options, the all-new Townstar provides a comprehensive and competitive offering to the tiny van category. The brand-new Townstar, which is entirely electric is designed to hasten the switch to zero-emission motoring. The all-new Townstar, the newest addition to Nissan's fully electric compact LCV series is designed to be a trustworthy efficient and sustainable business partner that is optimised to meet the demands of clients who have ever-changing needs.
  • June 2022: Nissan has announced the new Townstar van, which will go on sale in June 2022. This model will take the place of the e-NV200. With both petrol and fully electric engine options, the all-new Townstar provides a comprehensive and competitive offering to the tiny van category. The brand-new Townstar, which is entirely electric is designed to hasten the switch to zero-emission motoring. The all-new Townstar, the newest addition to Nissan's fully electric compact LCV series is designed to be a trustworthy efficient and sustainable business partner that is optimised to meet the demands of clients who have ever-changing needs.
  • May 2022: Renault agreed to sell its 68% stake in AvtoVAZ to NAMI.

Europe Light Commercial Vehicle (LCV) Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. Population

    2. 4.2. GDP

    3. 4.3. CVP

    4. 4.4. Inflation Rate

    5. 4.5. Interest Rate For Auto Loans

    6. 4.6. Battery Price (per Kwh)

    7. 4.7. Logistics Performance Index

    8. 4.8. Electrification Impact

    9. 4.9. New XEV Models Announced

    10. 4.10. Charging Stations Deployment

    11. 4.11. Regulatory Framework

    12. 4.12. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. Vehicle Type

      1. 5.1.1. Commercial Vehicles

        1. 5.1.1.1. Light Commercial Pick-up Trucks

        2. 5.1.1.2. Light Commercial Vans

    2. 5.2. Engine Type

      1. 5.2.1. Hybrid And Electric Vehicles

        1. 5.2.1.1. By Fuel Type

          1. 5.2.1.1.1. BEV

          2. 5.2.1.1.2. FCEV

          3. 5.2.1.1.3. HEV

          4. 5.2.1.1.4. PHEV

      2. 5.2.2. ICE

        1. 5.2.2.1. By Fuel Type

          1. 5.2.2.1.1. CNG

          2. 5.2.2.1.2. Diesel

          3. 5.2.2.1.3. Gasoline

          4. 5.2.2.1.4. LPG

    3. 5.3. Country

      1. 5.3.1. Austria

      2. 5.3.2. Belgium

      3. 5.3.3. Czech Republic

      4. 5.3.4. Denmark

      5. 5.3.5. Estonia

      6. 5.3.6. France

      7. 5.3.7. Germany

      8. 5.3.8. Ireland

      9. 5.3.9. Italy

      10. 5.3.10. Latvia

      11. 5.3.11. Lithuania

      12. 5.3.12. Norway

      13. 5.3.13. Poland

      14. 5.3.14. Russia

      15. 5.3.15. Spain

      16. 5.3.16. Sweden

      17. 5.3.17. UK

      18. 5.3.18. Rest-of-Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. AB Volvo

      2. 6.4.2. ADDAX MOTORS NV.

      3. 6.4.3. ARRIVAL LTD.

      4. 6.4.4. Citroen

      5. 6.4.5. Fiat

      6. 6.4.6. Ford Motor Company

      7. 6.4.7. Maxus

      8. 6.4.8. Nissan Motor Company Ltd

      9. 6.4.9. Opel

      10. 6.4.10. Peugeot

      11. 6.4.11. Renault Group

      12. 6.4.12. Tesla Inc.

      13. 6.4.13. Volkswagen AG

  7. 7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 8. APPENDIX

    1. 8.1. Global Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter's Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Market Dynamics (DROs)

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 3:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 4:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 5:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 6:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 7:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 8:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 9:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 10:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 11:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 12:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 13:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 14:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 15:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 16:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 17:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 18:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 19:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 20:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 21:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2016-2028
  1. Figure 22:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 23:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 24:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 25:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 26:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 27:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 28:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 29:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 30:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 31:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 32:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 33:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 34:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 35:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 36:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 37:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 38:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 39:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 40:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 41:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 42:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 43:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 44:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 45:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 46:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 47:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VOLUME IN UNITS, 2016-2028
  1. Figure 48:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VALUE IN USD, 2016-2028
  1. Figure 49:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 50:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VOLUME IN UNITS, 2016-2028
  1. Figure 51:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VALUE IN USD, 2016-2028
  1. Figure 52:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 53:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 54:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VALUE IN USD, 2016-2028
  1. Figure 55:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 56:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VOLUME IN UNITS, 2016-2028
  1. Figure 57:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VALUE IN USD, 2016-2028
  1. Figure 58:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 59:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 60:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 61:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 62:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 63:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 64:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028
  1. Figure 65:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 66:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028
  1. Figure 67:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028
  1. Figure 68:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 69:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 70:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028
  1. Figure 71:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 72:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 73:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028
  1. Figure 74:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 75:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 76:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028
  1. Figure 77:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 78:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 79:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028
  1. Figure 80:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 81:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 82:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028
  1. Figure 83:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 84:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 85:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028
  1. Figure 86:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 87:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 88:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2016-2028
  1. Figure 89:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 90:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 91:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028
  1. Figure 92:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 93:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 94:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028
  1. Figure 95:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 96:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 97:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028
  1. Figure 98:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 99:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 100:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2016-2028
  1. Figure 101:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 102:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 103:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028
  1. Figure 104:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 105:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 106:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028
  1. Figure 107:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 108:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 109:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028
  1. Figure 110:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 111:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 112:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2016-2028
  1. Figure 113:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 114:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 115:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028
  1. Figure 116:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 117:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 118:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 119:  
  2. EUROPE LIGHT COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Europe Light Commercial Vehicle (LCV) Industry Segmentation

Commercial Vehicles are covered as segments by Vehicle Type. Hybrid And Electric Vehicles, ICE are covered as segments by Engine Type. Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Latvia, Lithuania, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe are covered as segments by Country.
Vehicle Type
Commercial Vehicles
Light Commercial Pick-up Trucks
Light Commercial Vans
Engine Type
Hybrid And Electric Vehicles
By Fuel Type
BEV
FCEV
HEV
PHEV
ICE
By Fuel Type
CNG
Diesel
Gasoline
LPG
Country
Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
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Market Definition

  • Body Type - Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
  • Engine Type - This includes Hybrid and electric vehicles and Internal combustion engines (ICE).
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV while ICE includes Gasoline, Diesel, CNG, LPG.
  • Sub Body Type - Under this category, light commercial pickup trucks, and light commercial vans have been included.
  • Vehicle Type - Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs).
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Europe Light Commercial Vehicle (LCV) Market Research FAQs

The Europe Light Commercial Vehicles Market size is expected to reach USD 42.19 billion in 2024 and grow at a CAGR of 6.11% to reach USD 56.74 billion by 2029.

In 2024, the Europe Light Commercial Vehicles Market size is expected to reach USD 42.19 billion.

Ford Motor Company, Peugeot, Renault Group, Tesla Inc. and Volkswagen AG are the major companies operating in the Europe Light Commercial Vehicles Market.

In the Europe Light Commercial Vehicles Market, the Light Commercial Pick-up Trucks segment accounts for the largest share by sub body type.

In 2024, Germany accounts for the largest share by country in the Europe Light Commercial Vehicles Market.

In 2023, the Europe Light Commercial Vehicles Market size was estimated at USD 40.20 billion. The report covers the Europe Light Commercial Vehicles Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Light Commercial Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

LCV Industry Report

Statistics for the 2024 LCV market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. LCV analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Europe LCV Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)