In 2013, North America was the market leader in the global light trucks market accounting for more than half of the total light trucks market. Asia-Pacific followed North America in the sale of light trucks. Asia Pacific region is expected to show highest growth rate in the coming future owing to the developing market in India and China. Light trucks are used in almost all industries. Industrial sector uses it for transportation of raw material and finished goods between their storage facilities and consumers outlets. Government, Industrial and commercial sectors are the major end-user of light trucks. Industrial sector leads the global market followed by government and commercial sector.
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Increasing international trade coupled with better storage facilities propel the manufacturing companies to produce and store their product for future trade and fulfill the demand of the customer. This is expected to increase in the coming future and is expected to act as driver for the global light trucks market. Additionally, increasing population is expected to increase the demand for consumer goods which, in turn, is expected to drive the demand for light trucks in the global market. Increasing fuel prices are expected to act as growth inhibitors for the market. However, its impact is expected to be very low. According to Statista (Statistics Company), average prices for crude oil increased from USD 77.38 per barrel in 2010 to USD 105.87 per barrel in 2013.
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Global light truck market is consolidated to the big brands in the market. Some of the major companies operating in the global light truck market are Fiat S.p.A., Ford Motor Company, General Motors Company, Toyota Motor Corporation, Tata Motors Limited and Ashok Leyland.
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Key points covered in the report
- Report segments the market on the basis of types, application, products, technology, etc (as applicable)
- The report covers geographic segmentation
- North America
- The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
- The report provides company profiles of some of the leading companies operating in the market
- The report also provides porters five forces analysis of the market.
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