Market Highlights:
The light commercial vehicles are the vehicles manufactured for carrying goods of
passengers. Moreover, they manufacture light commercial vehicles with features, such as
fuel efficiency, intra-city operations, and compact size. The maximum mass limits for the
light commercial vehicles mainly vary between 3.5tons to 7 tons, based on the local
government regulations or standards. These vehicles include vans, goods carrying vans,
utility vehicles, light trucks, and buses.
Light commercial vehicles witness massive demand due to the growth of the transportation
industry and a rise in the e-commerce business, across the globe, which is expected to drive
the global light commercial vehicles. As per the International Post Corporation, the global e-
commerce industry has rapid growth with a CAGR of ~15%.
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