Light Commercial Vehicles - Ireland

In 2024, the projected unit sales in the Light Commercial Vehicles market in Ireland are expected to reach 32.18k vehicles.
Looking ahead, there is an anticipated annual growth rate (CAGR 2024-2030) of 3.60%, which would result in a market volume of 39.79k vehicles by 2030.
It is worth noting that the production of Light Commercial Vehicles market is expected to reach 0.00 in 2030, indicating the potential for significant market growth.
From an international perspective, it is interesting to observe that the United States is projected to have the highest sales in 2024, with 13.20m vehicles units.
The demand for electric light commercial vehicles in Ireland has seen a significant increase in recent years, driven by government incentives and a growing focus on sustainability.

Definition

Light Commercial Vehicles (LCV) is a unique market of the broader Commercial Vehicles market, which focuses solely on vehicles designed to transport goods or to provide services on a relatively small scale. LCVs include a variety of compact and medium-sized vehicles specifically engineered for commercial purposes. These versatile vehicles are utilized by businesses and individuals for tasks such as local deliveries, trade, and various commercial applications. The gross vehicle weight rating of LCVs typically does not exceed 3.5 tons, although this limit may vary depending on the vehicle models, configurations, and local regulations.

LCVs are crucial for last-mile logistics, small business operations, and urban transportation. This market is highly responsive to emerging market trends, including the rise of eCommerce, the demand for sustainable transportation solutions, and the increasing need for versatile commercial vehicles that can adapt to a wide range of applications.

Additional Information

Notable key players in the Light Commercial Vehicles (LCVs) market include companies such as Ford, Mercedes-Benz, Fiat Professional, and Renault. These manufacturers play a vital role in shaping the market by offering a diverse range of LCV models and leading technological advancements within the market.

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Vans
Small delivery trucks
Refrigerated vans
Pickup trucks used for commercial purposes
Mini trucks
Light buses and coaches
Compact utility vehicles
Chassis cabs

Recreational vehicles (RVs)
Passenger cars
Motorcycles and scooters
Heavy-duty trucks
Agricultural and construction equipment

The Light Commercial Vehicles market in Ireland has witnessed significant growth in recent years, driven by changing customer preferences, market trends, and local special circumstances. Customer preferences in Ireland have shifted towards more fuel-efficient and environmentally friendly vehicles, leading to an increased demand for electric and hybrid light commercial vehicles.

Additionally, there has been a growing preference for vehicles with advanced safety features and technology, such as lane departure warning systems and autonomous emergency braking. In line with global market trends, the Light Commercial Vehicles market in Ireland has seen a rise in the popularity of online shopping and e-commerce, which has increased the demand for delivery vehicles. The growth of the gig economy and the rise of food delivery services have also contributed to this trend.

As a result, there has been an increased demand for smaller, more agile vehicles that can navigate urban areas and make frequent stops. Local special circumstances, such as government incentives and regulations, have also played a role in shaping the Light Commercial Vehicles market in Ireland. The government has introduced various incentives to promote the adoption of electric vehicles, including grants and tax incentives.

This has led to an increase in the sales of electric light commercial vehicles in the country. Additionally, there are strict emission regulations in place, which have pushed manufacturers to develop more fuel-efficient vehicles. Underlying macroeconomic factors, such as economic growth and consumer confidence, have also influenced the Light Commercial Vehicles market in Ireland.

A strong economy and positive consumer sentiment have contributed to increased business activity and investment, leading to higher demand for light commercial vehicles. Conversely, economic downturns or uncertainty can have a negative impact on the market, as businesses may delay or reduce their vehicle purchases. In conclusion, the Light Commercial Vehicles market in Ireland is experiencing growth due to changing customer preferences, market trends, and local special circumstances.

The demand for fuel-efficient and technologically advanced vehicles, as well as the rise of e-commerce and delivery services, has driven the market forward. Government incentives and regulations, along with macroeconomic factors, have also played a significant role in shaping the market. As the market continues to evolve, it is likely that we will see further developments in customer preferences and market trends in the coming years.

Data coverage:

The data encompasses B2B enterprises. Figures are based on unit sales and production of light commercial vehicles.

Modeling approach:

Market sizes are determined through a combined Top-Down and bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as consumer spending per capita on transportation and consumer price index for purchase of vehicles. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, linear regression, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The motor vehicle manufacturing industry is one of the drivers of the European industry. In the European Union, this sector reported annual revenue of around 940.5 billion euros and a production value estimated at some 746 billion euros in 2020. Light commercial vehicles, typically up to 3.5 metric tons in gross vehicle weight, were the EU industry's most produced commercial vehicle type. However, the COVID-19 pandemic and global automotive chip shortage have impacted the sector's van output, dropping to under 1.7 million units in 2021. France was the largest light commercial vehicle producer in Europe, while French brands Renault and Peugeot were the second and third best-selling van brands in the European Union in 2021.