DUBLIN--(BUSINESS WIRE)--The "Light Duty Vehicle: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Light Duty Vehicle Market to Reach $1.1 Trillion by 2027

In the changed post COVID-19 business landscape, the global market for Light Duty Vehicle estimated at US$599.7 Billion in the year 2020, is projected to reach a revised size of US$1.1 Trillion by 2027, growing at a CAGR of 9.7% over the analysis period 2020-2027. Gasoline, one of the segments analyzed in the report, is projected to record a 9.5% CAGR and reach US$434.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Diesel segment is readjusted to a revised 9.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $163.4 Billion, While China is Forecast to Grow at 14% CAGR

The Light Duty Vehicle market in the U.S. is estimated at US$163.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$252 Billion by the year 2027 trailing a CAGR of 14% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 8.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$157.2 Billion by the year 2027.

Hybrid Segment to Record 9.9% CAGR

In the global Hybrid segment, USA, Canada, Japan, China and Europe will drive the 9.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$85.8 Billion in the year 2020 will reach a projected size of US$159 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 11.4% CAGR through the analysis period.

Select Competitors (Total 22 Featured) -

  • BMW
  • Diamler AG
  • Fiat Chrysler Automobiles
  • Ford Motor Company
  • Fuji Heavy Industries
  • General Motors
  • Honda Motor
  • Hyundai Motors
  • Nissan Motor Corporation
  • Toyota Motor Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Light Duty Vehicle - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Companies Mentioned

  • BMW
  • Daimler AG
  • Fiat Chrysler Automobiles
  • Ford Motor Company
  • Fuji Heavy Industries
  • General Motors
  • Honda Motor
  • Hyundai Motors
  • Nissan Motor Corporation
  • Toyota Motor Corporation

For more information about this report visit https://www.researchandmarkets.com/r/4m6bd6

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