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The European Motor Vehicle Wholesaling and Retailing industry’s revenue is forecast to climb at a compound annual rate of 1.6% over the five years through 2025 to €1,461.3 billion, with a projected hike of 2.2% in 2025. In 2023, the EU car market showed clear signs of recovery. According to ACEA data, EU car sales rose by 13.9% from 2022 levels, reaching around 10.5 million units for the year. However, in 2024, the growth slowed considerably, notching up just a modest rise of 0.8%. This surge in car sales boosted profitability for many car dealers. Although electric vehicles are increasingly popular, many people still opt for petrol cars due to lower upfront costs and easier refuelling access than charging an EV, as highlighted by data from Jato Dynamics showing new electric cars in Europe cost 22% more than similar petrol equivalents. Petrol models also remain cheaper to manufacture and maintain because simpler powertrains lessen exposure to rising raw material prices like lithium, which has averaged around €8,848 per tonne in 2024 according to London Metal Exchange figures. Car wholesalers and retailers are responding to higher electric vehicle prices by maintaining attractive petrol portfolios. They're also offering affordable mild-hybrid options as a practical bridge for buyers concerned about EV costs. This helps businesses capture short-term sales and addresses consumer hesitation around investing in pricier electric vehicles. European governments are increasing their efforts to cut emissions in line with climate agreement targets. Zero- and low-emission zones are becoming widespread in European city centres, which restrict the entry of high-polluting vehicles. Governments are incentivising the uptake of electric vehicles by offering subsidies and zero tax on new purchases. The sale of new diesel and petrol cars will be banned in many countries (2030 in the UK, 2035 in the EU), encouraging people and fleet owners to switch to an electric vehicle for their next purchase. Over the five years through 2030, revenue is forecast to climb at a compound annual rate of 5.8% to reach €1,934.5 billion. Connected cars will also be a focus for many dealers, as infotainment systems become widely demanded by customers.
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United Kingdom Light Commercial Vehicles market was valued at USD 21.26 billion in 2024 and is anticipated to grow USD 25.61 billion by 2030 with a CAGR of 3.20%.
| Pages | 81 |
| Market Size | 2024: USD 21.26 Billion |
| Forecast Market Size | 2030: USD 25.61 Billion |
| CAGR | 2025-2030: 3.20% |
| Fastest Growing Segment | Vans |
| Largest Market | England |
| Key Players | 1. Volkswagen Group United Kingdom Limited 2. Peugeot Motor Company PLC 3. Mercedes-Benz UK Ltd 4. Vauxhall Motors Limited 5. Ford Motor Company Limited 6. Citroën UK Limited 7. Renault UK Ltd 8. Isuzu (UK) Ltd Iveco Limited 9. Iveco Limited 10. Fiat Chrysler Automobiles N.V. |
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The European van market is booming, projected to reach €87.25 billion by 2033 with a 4.66% CAGR. Discover key trends, market segmentation (electric vans, cargo space, end-users), leading companies, and regional insights in this comprehensive analysis. Recent developments include: June 2023: TÜV Rheinland and Centro Tecnológico Randon (CTR) have announced a collaboration for automotive vehicle and component homologation, testing, and type certification. The collaboration aims to provide an extensive range of certification services for commercial vehicles, light cars, vehicle systems, and components while maintaining the security and flexibility that clients expect., May 2023: Arrival announced a significant milestone, having built 3 L Vans at the Bicester factory during the first quarter of 2023, with 5 more currently in progress. Additionally, they have successfully accumulated over 90,000 kilometers of on-road test driving. The build and road testing of the L Vans has proven to be a valuable source of insights, aiding in the finalization of manufacturing methods and designs for the XL Van., May 2023: AvtoVAZ introduced a one-of-a-kind series of regional displays featuring all modern LADA models and commercial samples based on the brand's vehicles. The showcased models include the LADA Granta Prima van, LADA NIVA Kub (an 8-seater van based on LADA NIVA Legend), pickup trucks based on LADA Granta and LADA NIVA Legend, as well as dual-fuel LADA Granta CNG and others, all part of the LADA Fleet Road Show., January 2022: Volkswagen unveiled a new electric van equipped with batteries ranging from 48kWh to 111kWh, offering an impressive range of up to 342 miles. The van was expected to be available for sale in March 2022 across Europe.. Key drivers for this market are: Rise in Sale of Electric Vans. Potential restraints include: High Cost of Electric Vehicle Battery. Notable trends are: Rise in Sale of Electric Vans.
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United Kingdom Electric Delivery Vans market was valued at USD 1.59 billion in 2024 and is anticipated to grow USD 2.71 billion by 2030 with a CAGR of 9.28%.
| Pages | 81 |
| Market Size | 2024: USD 1.59 Billion |
| Forecast Market Size | 2030: USD 2.71 Billion |
| CAGR | 2025-2030: 9.28% |
| Fastest Growing Segment | HEV |
| Largest Market | England |
| Key Players | 1. Ford Motor Company 2. BYD Auto Co., Ltd. 3. Mercedes-Benz AG 4. Rivian Automotive, Inc. 5. Workhorse Group Incorporated 6. Arrival Ltd. 7. Volkswagen AG 8. Renault Group 9. Kia UK Limited 10. Nissan Motor (GB) Limited |
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TwitterIn 2023, Renault Group held approximately a ** percent share of Romania's passenger car and light commercial vehicle market. The group's share in Morocco amounted to **** percent, and in France, **** percent.