According to a recent research report by RNCOS, “India Commercial Vehicle Market Analysis”, increasing popularity of Small Commercial Vehicles (SCV) segment is an emerging trend in the Indian commercial vehicle industry. The strong growth in this segment is among the key factors driving the commercial vehicle industry which is expected to post phenomenal growth in coming years.
The SCV industry is inclined towards growth on the back of strong demand from construction, retail, and production sectors. As SCVs are generally used for short-distance transportation, companies hire or purchase these vehicles for moving goods within the city or to nearest towns. The growing popularity of the hub-and-spoke distribution model and rising importance of small transporters’ role in the road freight process are also driving the demand for SCVs. Sensing the market potential, many auto companies have launched SCVs recently. Going forward, the competition seems to be getting tough with other companies entering this segment.
The report also highlights other emerging trends in the market. Increasing use of hub-and-spoke distribution model and development of alternative fuel-based commercial vehicles are some of the new trends picking pace in the industry. These, coupled with other industry drivers including rising income levels and easy financing, will continue to support the growth trend in commercial vehicle segment. With the growth of commercial vehicle industry, related industry such as tyre and auto-components industry are anticipated to post strong astonishing growth in the years ahead. Our report also covers production, sales and export trends in MHCV, LCV and three wheelers market. Thus, it provides complete analysis of the industry, which will prove vital for clients and help them make sound investment decisions.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM259.htm
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