1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Commercial Vehicle Market Trends

Forecast of the Indian Commercial Vehicle (CV) Market

  • August 2014
  • 116 pages
  • Frost & Sullivan
Report ID: 2312106

Summary

Table of Contents

CVs are Expected to Witness a Moderate CAGR of 6.8% from FY2014 to FY2020

Massive urbanization will drive the growth of the LCV segment in India. The new government will focus on urbanization as an opportunity and create 100 more urban cities over the next 5 years. Urban consumption will be key to the 6.8% CAGR from FY2014 to FY2020. Additionally, upgrading India's infrastructure will be a priority for the government to speed up the demand for goods carriers in the M&HCV segments, which is expected to witness a CAGR of 6.9%.

Executive Summary—Key Findings
Total CV Market: Key Takeaways, India, FY2014
1 Exports will outperform domestic sales, % versus %, respectively, from FY2014 to FY2020
2 The domestic commercial vehicles (CV) market in India is expected to witness a compound annual growth rate (CAGR) of % from FY2014 to FY2020.
3 Exports will outpace domestic sales during the same period, at a CAGR of %.
4 CV sales will be primarily driven by the increased road freight growth in proportion to the GDP growth rate. GDP growth rate will peak in FY2018, at%.
5 The light commercial vehicles (LCV) segment is anticipated to witness a CAGR of% due to the higher base effect.
6 New-generation medium and heavy commercial vehicles (M&HCV) is expected to witness a CAGR of %.
7 The penetration rate of medium-duty-heavy-duty (MD-HD) trucks is expected to reach% of the total sales in FY2020.
8 Alternate fuel technology-enabled CV sales will amount to units in FY2020.

Executive Summary—Domestic Sales Snapshot Discussion
The LCV goods carrier segment will continue to dominate volumes, with sales of million units in the domestic market
-In FY2014, total domestic sales stood at million units.
-This number is expected to rise to million units in FY2020, at a CAGR of%.
-The LCV goods carrier segment will continue to dominate the market in terms of annual unit sales, reaching million units in FY2020.
-The M&HCV segment will reach sales of million units in FY2020 in the domestic market. The CAGR is expected to be % from FY2014 to FY2020, against a CAGR of % for the LCV good carrier segment during the same period.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Minivan Markets in China

  • $ 4000
  • Industry report
  • May 2017
  • by Asia Market Information & Development Company

China’s demand for Minivan has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which ...

Pickup Truck Markets in China

  • $ 4000
  • Industry report
  • May 2017
  • by Asia Market Information & Development Company

China’s demand for Pickup Truck has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which ...

Global Automotive Super Swamper Tires Market 2017-2021

  • $ 3500
  • Industry report
  • April 2017
  • by Infiniti Research Limited

About Automotive Super Swamper Tires A super swamper is an off-the-road (OTR) tire typically used in extremely muddy terrain, and hence requires deeper, wider treads for better grip and traction. These ...

Minivan Companies In China

May 2017 $ 1800

ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.