How big is the Europe Light Commercial Vehicles Market?

The Europe Light Commercial Vehicles Market size is expected to reach USD 89.91 billion in 2024 and grow at a CAGR of 7.94% to reach USD 142.19 billion by 2030. Read More

What is the current Europe Light Commercial Vehicles Market size?

In 2024, the Europe Light Commercial Vehicles Market size is expected to reach USD 89.91 billion. Read More

Who are the key players in Europe Light Commercial Vehicles Market?

Fiat Chrysler Automobiles N.V, Ford Motor Company, Groupe Renault, Peugeot S.A. and Volkswagen AG are the major companies operating in the Europe Light Commercial Vehicles Market. Read More

Which segment has the biggest share 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 vehicle body type. Read More

Which country has the biggest share in the Europe Light Commercial Vehicles Market?

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

What years does this Europe Light Commercial Vehicles Market cover, and what was the market size in 2023?

In 2023, the Europe Light Commercial Vehicles Market size was estimated at 89.91 billion. The report covers the Europe Light Commercial Vehicles Market historical market size for years: 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, 2029 and 2030. Read More

Europe Light Commercial Vehicles Market Analysis | Industry Growth, Size & Forecast Report

Europe Light Commercial Vehicles Market Size

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Europe Light Commercial Vehicles Market Summary

Icons	Lable	Value
	Study Period	2017 - 2030
	Market Size (2024)	USD 89.91 Billion
	Market Size (2030)	USD 142.2 Billion
	Largest Share by Vehicle Body Type	Light Commercial Pick-up Trucks
	CAGR (2024 - 2030)	7.94 %
	Largest Share by Country	France
	Market Concentration	Medium
Major Players

*Disclaimer: Major Players sorted in alphabetical order.

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Europe Light Commercial Vehicles Market Analysis

The Europe Light Commercial Vehicles Market size is estimated at 89.91 billion USD in 2024, and is expected to reach 142.2 billion USD by 2030, growing at a CAGR of 7.94% during the forecast period (2024-2030).

89.91 Billion

Market Size in 2024 (USD)

142.2 Billion

Market Size in 2030 (USD)

-0.90 %

CAGR (2017-2023)

7.94 %

CAGR (2024-2030)

Largest Segment by Fuel Category

83.70 %

value share, Diesel, 2023

Diesel leads due to its efficiency for long-haul transportation, higher torque, and established infrastructure supporting diesel engines, making it a preferred choice for commercial operations.

Largest Country

24.55 %

value share, France, 2023

France leads the light commercial vehicle market due to its strong automotive industry, extensive road network, and high demand for commercial vehicles in urban and rural areas.

Largest Segment by Vehicle Body Type

75.54 %

value share, Light Commercial Pick-up Trucks, 2023

Light Commercial Pick-Up Trucks dominate due to their versatility, high demand from small businesses, and suitability for various commercial applications, making them essential in the market.

Fastest-growing Segment by Fuel Category

25.49 %

Projected CAGR, FCEV, 2024-2030

FCEVs are the fastest-growing due to advancements in hydrogen fuel cell technology, expanding hydrogen refueling infrastructure, and a push for zero-emission commercial vehicles.

Leading Market Player

18.31 %

market share, Ford Motor Company, 2023

Ford's dominance in the European LCV market is driven by its extensive vehicle lineup, brand reputation, distribution network, and historical presence, contributing to a strong market share.

The European LCV market thrives on infrastructure investments and e-commerce surge, with continued growth expected amid urbanization and green initiatives

In 2022, the light commercial vehicle (LCV) market in Europe witnessed a robust 6.2% growth in sales volume. This positive momentum is expected to carry forward, with a projected growth of 3.5% in 2023. This growth is primarily fueled by heightened infrastructure investments and the surging tide of e-commerce. The EU's focus on transportation and energy projects has stimulated demand for LCVs, especially from the construction and utilities sectors. The expansion of last-mile delivery networks, a trend amplified during the pandemic, has spurred purchases of light commercial vans for parcel and food delivery.
From 2017 to 2023, Europe's LCV market witnessed a remarkable upswing, with volumes surging by 38%. This surge was propelled by the e-commerce boom, which fueled the expansion of delivery networks and subsequently boosted van sales. Additionally, replacement demand from sectors like retail, construction, and services played a pivotal role. While the market contracted in 2020 due to pandemic disruptions, it swiftly rebounded, riding the wave of accelerated digital adoption. Overall, steady economic growth and robust infrastructure investments were key drivers of the European LCV market's expansion during this period.
The LCV market in Europe is poised to register a CAGR of 3.1% from 2024 to 2030. This growth trajectory will be propelled by ongoing infrastructure development, the continued expansion of last-mile delivery networks, and the rising urbanization trend. These factors, coupled with the increasing demand for LCVs in services, food delivery, and construction sectors, paint a promising outlook. However, the market may face headwinds as evolving regulations on emissions and urban access could bolster the adoption of alternatively fueled vans.

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Country-specific trends within the European light commercial vehicles market highlight the region's push toward reducing emissions and enhancing efficiency

Major European markets witnessed varying LCV sales volumes in 2022, reflecting their distinct economic landscapes. Germany, buoyed by a resilient economy, saw a robust 6.3% growth. Conversely, the United Kingdom faced economic uncertainties, leading to a contraction of 2.1% in LCV sales. France, Italy, and Spain experienced declines of 3% to 5%, aligning with broader macroeconomic challenges. However, as the post-pandemic conditions improve, 2023 is projected to witness a rebound, with most countries eyeing a volume growth of 4-6%.
From 2017 to 2021, the prominent European LCV markets - Germany, France, Italy, Spain, and Poland - showcased healthy expansion, registering a pre-pandemic CAGR of approximately 3-5%. This growth was propelled by robust economic activities, particularly in industries like construction, delivery, and services. While the pandemic-induced contractions in 2020 were relatively short-lived, the recovery has been uneven, primarily due to disparities in fiscal stimulus measures and vulnerabilities in industries such as retail and hospitality.
The European LCV market is poised for a steadier growth trajectory, with an anticipated annual average of 3-4% from 2023 to 2029. Factors such as infrastructure investments, the rise of last-mile delivery networks, and ongoing economic recovery are expected to bolster demand. However, risks loom from factors like high inflation, energy costs, and political uncertainties. Additionally, the market's shift toward electric drivetrains will further shape its dynamics. The European LCV market is set for a gradual expansion in the long run.

Europe Light Commercial Vehicles Market Trends

Environmental concerns, government support, and decarbonization goals fuel European electric vehicle demand and sales

The demand and sales of electric vehicles in European countries have grown significantly over the past few years. Germany witnessed a growth in the sales of electric cars by 22% in 2022 over 2021, followed by the United Kingdom with an 18.40% increase in 2022 over 2021. Growing environmental concerns, stringent governmental norms, advantages of electric vehicles such as fuel efficiency, low service cost, no carbon emissions, and subsidies by the government are some of the factors contributing to the growth of electric vehicles in European countries.
The demand for electric commercial vehicles, especially light trucks, is growing gradually in European countries. Moreover, the governments of various countries are also supporting the adoption of electric vehicles. In November 2021, the government of the United Kingdom announced a pledge that all heavy-duty vehicles would be zero-emission by the year 2040. Such factors have increased the sales of electric commercial vehicles in the United Kingdom by 23.17% in 2022 over 2021, and similar practices in various countries are enhancing the demand for electric commercial vehicles across Europe.
It is projected that the electrification of vehicles in European countries is expected to grow tremendously in the next few years. The efforts of the governments in the regions for decarbonization are expected to drive the electric commercial vehicle market in Europe. For instance, in January 2022, the transport minister of Germany announced a goal to put 15 million electric vehicles on the road by 2030. Such factors are expected to increase the sales of electric vehicles during the 2024-2030 period in European countries.

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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Several European countries face population declines, while others grow, indicating a need for targeted policy interventions
European countries are experiencing growth in CVP, driven by government incentives for environmentally friendly vehicles
The general trend indicates a decline or stabilization in rates, influenced by economic factors and monetary policies
Declining battery prices and government initiatives drive demand for electric vehicles in Europe
Europe's advanced logistics, driven by the EU's open trade policies, has faced challenges like Brexit. With a focus on sustainability and technology in 2023, Europe was expected to remain a global logistics leader, poised for further innovation and adaptation
Within the European truck manufacturing sector, Belgium, Spain, and the UK have witnessed positive growth trajectories. In contrast, Italy and Russia are grappling with hurdles. As the industry looks ahead, the impetus on sustainability is set to define its future. Notably, each country is charting its course, balancing distinctive challenges and potential

Europe's GDP per capita is on track for steady growth, reflecting resilience and strategic policies
The European region is poised for economic stability, with concerted efforts to manage inflation and foster a balanced economic landscape
Europe is demonstrating a robust commitment to enhancing its EV infrastructure, with significant growth in both slow and fast-charging stations
Electrification in Europe drives the increase in regional battery pack demand
Since February 2023, diesel imports from the Middle East, Asia, and North America have increased due to the ban on imports from Russia

Europe Light Commercial Vehicles Industry Overview

The Europe Light Commercial Vehicles Market is moderately consolidated, with the top five companies occupying 62.47%. The major players in this market are Fiat Chrysler Automobiles N.V, Ford Motor Company, Groupe Renault, Peugeot S.A. and Volkswagen AG (sorted alphabetically).

Europe Light Commercial Vehicles Market Leaders

Fiat Chrysler Automobiles N.V
Ford Motor Company
Groupe Renault
Peugeot S.A.
Volkswagen AG

Europe Light Commercial Vehicles Market Concentration

Other important companies include Mercedes-Benz, Toyota Motor Corporation.

*Disclaimer: Major Players sorted in alphabetical order.

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Europe Light Commercial Vehicles Market News

June 2023: FORD NEXT launches New pilot program creates flexible electric solutions for drivers who use the Uber platform in select U.S. markets, allowing them to lease a vehicle for more customized time periods.
June 2023: Mercedes-Benz DRIVE PILOT expands U.S. availability to California and introduce a SAE Level 3 system in a standard-production vehicle for use on public freeways in the most populous state in the U.S.
May 2023: Mercedes Benz Vans is launching its electric small van for innercity deliveries and servicing operations. eCitan is a vehicle panel with 2 options such as the compact version of 4498 mm and 5922 mm.

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For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.

Europe Light Commercial Vehicles Market Report - Table of Contents

EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1. 1.1. Study Assumptions & Market Definition
2. 1.2. Scope of the Study
3. 1.3. Research Methodology
2. KEY INDUSTRY TRENDS
1. 2.1. Population
2. 2.2. GDP Per Capita
3. 2.3. Consumer Spending For Vehicle Purchase (cvp)
4. 2.4. Inflation
5. 2.5. Interest Rate For Auto Loans
6. 2.6. Impact Of Electrification
7. 2.7. EV Charging Station
8. 2.8. Battery Pack Price
9. 2.9. New Xev Models Announced
10. 2.10. Logistics Performance Index
11. 2.11. Fuel Price
12. 2.12. Oem-wise Production Statistics
13. 2.13. Regulatory Framework
14. 2.14. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
1. 3.1. Vehicle Type
  1. 3.1.1. Commercial Vehicles
    1. 3.1.1.1. Light Commercial Pick-up Trucks
    2. 3.1.1.2. Light Commercial Vans
2. 3.2. Propulsion Type
  1. 3.2.1. Hybrid and Electric Vehicles
    1. 3.2.1.1. By Fuel Category
      1. 3.2.1.1.1. BEV
      2. 3.2.1.1.2. FCEV
      3. 3.2.1.1.3. HEV
      4. 3.2.1.1.4. PHEV
  2. 3.2.2. ICE
    1. 3.2.2.1. By Fuel Category
      1. 3.2.2.1.1. CNG
      2. 3.2.2.1.2. Diesel
      3. 3.2.2.1.3. Gasoline
      4. 3.2.2.1.4. LPG
3. 3.3. Country
  1. 3.3.1. Austria
  2. 3.3.2. Belgium
  3. 3.3.3. Czech Republic
  4. 3.3.4. Denmark
  5. 3.3.5. Estonia
  6. 3.3.6. France
  7. 3.3.7. Germany
  8. 3.3.8. Ireland
  9. 3.3.9. Italy
  10. 3.3.10. Latvia
  11. 3.3.11. Lithuania
  12. 3.3.12. Norway
  13. 3.3.13. Poland
  14. 3.3.14. Russia
  15. 3.3.15. Spain
  16. 3.3.16. Sweden
  17. 3.3.17. UK
  18. 3.3.18. Rest-of-Europe
4. COMPETITIVE LANDSCAPE
1. 4.1. Key Strategic Moves
2. 4.2. Market Share Analysis
3. 4.3. Company Landscape
4. 4.4. Company Profiles
  1. 4.4.1. Fiat Chrysler Automobiles N.V
  2. 4.4.2. Ford Motor Company
  3. 4.4.3. Groupe Renault
  4. 4.4.4. Mercedes-Benz
  5. 4.4.5. Peugeot S.A.
  6. 4.4.6. Toyota Motor Corporation
  7. 4.4.7. Volkswagen AG
5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
6. APPENDIX
1. 6.1. Global Overview
  1. 6.1.1. Overview
  2. 6.1.2. Porter’s Five Forces Framework
  3. 6.1.3. Global Value Chain Analysis
  4. 6.1.4. Market Dynamics (DROs)
2. 6.2. Sources & References
3. 6.3. List of Tables & Figures
4. 6.4. Primary Insights
5. 6.5. Data Pack
6. 6.6. Glossary of Terms

List of Tables & Figures

Figure 1:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030

Figure 2:
EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030

Figure 3:
EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030

Figure 4:
EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030

Figure 5:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENTAGE, 2017 - 2022

Figure 6:
EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030

Figure 7:
EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022

Figure 8:
EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030

Figure 9:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2023 - 2027

Figure 10:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2017 - 2030

Figure 11:
EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022

Figure 12:
EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022

Figure 13:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2017 - 2030

Figure 14:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2017 - 2030

Figure 15:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY VEHICLE BODY TYPE, BY VOLUME IN UNITS, 2017 - 2030

Figure 16:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY VEHICLE BODY TYPE, BY VALUE IN USD, 2017 - 2030

Figure 17:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030

Figure 18:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030

Figure 19:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2017 - 2030

Figure 20:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2017 - 2030

Figure 21:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030

Figure 22:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2017 - 2030

Figure 23:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2017 - 2030

Figure 24:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030

Figure 25:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY PROPULSION TYPE, BY VOLUME IN UNITS, 2017 - 2030

Figure 26:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY PROPULSION TYPE, BY VALUE IN USD, 2017 - 2030

Figure 27:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 28:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 29:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030

Figure 30:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030

Figure 31:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 32:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 33:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2017 - 2030

Figure 34:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2017 - 2030

Figure 35:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 36:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2017 - 2030

Figure 37:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2017 - 2030

Figure 38:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 39:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2017 - 2030

Figure 40:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2017 - 2030

Figure 41:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 42:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2017 - 2030

Figure 43:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2017 - 2030

Figure 44:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 45:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030

Figure 46:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030

Figure 47:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 48:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 49:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VOLUME IN UNITS, 2017 - 2030

Figure 50:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY CNG, BY VALUE IN USD, 2017 - 2030

Figure 51:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 52:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VOLUME IN UNITS, 2017 - 2030

Figure 53:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY DIESEL, BY VALUE IN USD, 2017 - 2030

Figure 54:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 55:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2017 - 2030

Figure 56:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY GASOLINE, BY VALUE IN USD, 2017 - 2030

Figure 57:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 58:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VOLUME IN UNITS, 2017 - 2030

Figure 59:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LPG, BY VALUE IN USD, 2017 - 2030

Figure 60:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030

Figure 61:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030

Figure 62:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030

Figure 63:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030

Figure 64:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030

Figure 65:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2017 - 2030

Figure 66:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2017 - 2030

Figure 67:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 68:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2017 - 2030

Figure 69:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2017 - 2030

Figure 70:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 71:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2017 - 2030

Figure 72:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2017 - 2030

Figure 73:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 74:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2017 - 2030

Figure 75:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2017 - 2030

Figure 76:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 77:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2017 - 2030

Figure 78:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2017 - 2030

Figure 79:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 80:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2017 - 2030

Figure 81:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2017 - 2030

Figure 82:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 83:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2017 - 2030

Figure 84:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2017 - 2030

Figure 85:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 86:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2017 - 2030

Figure 87:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2017 - 2030

Figure 88:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 89:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2017 - 2030

Figure 90:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2017 - 2030

Figure 91:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 92:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2017 - 2030

Figure 93:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2017 - 2030

Figure 94:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 95:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2017 - 2030

Figure 96:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2017 - 2030

Figure 97:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 98:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2017 - 2030

Figure 99:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2017 - 2030

Figure 100:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 101:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2017 - 2030

Figure 102:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2017 - 2030

Figure 103:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 104:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2017 - 2030

Figure 105:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VALUE IN USD, 2017 - 2030

Figure 106:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 107:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2017 - 2030

Figure 108:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2017 - 2030

Figure 109:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 110:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2017 - 2030

Figure 111:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2017 - 2030

Figure 112:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 113:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2017 - 2030

Figure 114:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2017 - 2030

Figure 115:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 116:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2017 - 2030

Figure 117:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2017 - 2030

Figure 118:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030

Figure 119:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030

Figure 120:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030

Figure 121:
EUROPE LIGHT COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Europe Light Commercial Vehicles Industry Segmentation

Commercial Vehicles are covered as segments by Vehicle Type. Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion 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.

In 2022, the light commercial vehicle (LCV) market in Europe witnessed a robust 6.2% growth in sales volume. This positive momentum is expected to carry forward, with a projected growth of 3.5% in 2023. This growth is primarily fueled by heightened infrastructure investments and the surging tide of e-commerce. The EU's focus on transportation and energy projects has stimulated demand for LCVs, especially from the construction and utilities sectors. The expansion of last-mile delivery networks, a trend amplified during the pandemic, has spurred purchases of light commercial vans for parcel and food delivery.
From 2017 to 2023, Europe's LCV market witnessed a remarkable upswing, with volumes surging by 38%. This surge was propelled by the e-commerce boom, which fueled the expansion of delivery networks and subsequently boosted van sales. Additionally, replacement demand from sectors like retail, construction, and services played a pivotal role. While the market contracted in 2020 due to pandemic disruptions, it swiftly rebounded, riding the wave of accelerated digital adoption. Overall, steady economic growth and robust infrastructure investments were key drivers of the European LCV market's expansion during this period.
The LCV market in Europe is poised to register a CAGR of 3.1% from 2024 to 2030. This growth trajectory will be propelled by ongoing infrastructure development, the continued expansion of last-mile delivery networks, and the rising urbanization trend. These factors, coupled with the increasing demand for LCVs in services, food delivery, and construction sectors, paint a promising outlook. However, the market may face headwinds as evolving regulations on emissions and urban access could bolster the adoption of alternatively fueled vans.

Vehicle Type

Commercial Vehicles
	Light Commercial Pick-up Trucks
	Light Commercial Vans

Propulsion Type

Hybrid and Electric Vehicles

By Fuel Category
	BEV
	FCEV
	HEV
	PHEV

ICE

By Fuel Category
	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

Vehicle Type - The category covers light commercial vehicle.
Vehicle Body Type - This includes Light Commercial Pick-up Trucks and Light Commercial Vans.
Fuel Category - The category includes various fuel types such as Gasoline, Diesel, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas), HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles)

Keyword	Definition
Electric Vehicle (EV)	A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
BEV	A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models.
PEV	A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids.
Plug-in Hybrid EV	A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally.
Internal combustion engine	An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel.
Hybrid EV	A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking.
Commercial Vehicles	Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
Passenger Vehicles	Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
Light Commercial Vehicles	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.
M&HDT	Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
Bus	A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses.
Diesel	It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed.
Gasoline	It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug.
LPG	It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study.
CNG	It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines.
HEV	All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices.
PHEV	PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly.
Hatchback	These are compact-sized cars with a hatch-type door provided at the rear end.
Sedan	These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage.
SUV	Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles.
MPV	These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive.

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Research Methodology

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

Step-1: Identify Key Variables: 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 based on 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. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
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.