Please Wait.....
Report
Europe Light Commercial Vehicles - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2029)
Market Report I 2025-04-28 I 274 Pages I Mordor Intelligence
The Europe Light Commercial Vehicles Market size is estimated at 97.85 billion USD in 2025, and is expected to reach 132.5 billion USD by 2029, growing at a CAGR of 7.87% during the forecast period (2025-2029).
The European LCV market thrives on infrastructure investments and e-commerce surge, with continued growth expected amid urbanization and green initiatives
- In 2022, the light commercial vehicle (LCV) market in Europe witnessed a robust 6.2% growth in sales volume. This positive momentum is expected to carry forward, with a projected growth of 3.5% in 2023. This growth is primarily fueled by heightened infrastructure investments and the surging tide of e-commerce. The EU's focus on transportation and energy projects has stimulated demand for LCVs, especially from the construction and utilities sectors. The expansion of last-mile delivery networks, a trend amplified during the pandemic, has spurred purchases of light commercial vans for parcel and food delivery.
- From 2017 to 2023, Europe's LCV market witnessed a remarkable upswing, with volumes surging by 38%. This surge was propelled by the e-commerce boom, which fueled the expansion of delivery networks and subsequently boosted van sales. Additionally, replacement demand from sectors like retail, construction, and services played a pivotal role. While the market contracted in 2020 due to pandemic disruptions, it swiftly rebounded, riding the wave of accelerated digital adoption. Overall, steady economic growth and robust infrastructure investments were key drivers of the European LCV market's expansion during this period.
- The LCV market in Europe is poised to register a CAGR of 3.1% from 2024 to 2030. This growth trajectory will be propelled by ongoing infrastructure development, the continued expansion of last-mile delivery networks, and the rising urbanization trend. These factors, coupled with the increasing demand for LCVs in services, food delivery, and construction sectors, paint a promising outlook. However, the market may face headwinds as evolving regulations on emissions and urban access could bolster the adoption of alternatively fueled vans.
Country-specific trends within the European light commercial vehicles market highlight the region's push toward reducing emissions and enhancing efficiency
- Major European markets witnessed varying LCV sales volumes in 2022, reflecting their distinct economic landscapes. Germany, buoyed by a resilient economy, saw a robust 6.3% growth. Conversely, the United Kingdom faced economic uncertainties, leading to a contraction of 2.1% in LCV sales. France, Italy, and Spain experienced declines of 3% to 5%, aligning with broader macroeconomic challenges. However, as the post-pandemic conditions improve, 2023 is projected to witness a rebound, with most countries eyeing a volume growth of 4-6%.
- From 2017 to 2021, the prominent European LCV markets - Germany, France, Italy, Spain, and Poland - showcased healthy expansion, registering a pre-pandemic CAGR of approximately 3-5%. This growth was propelled by robust economic activities, particularly in industries like construction, delivery, and services. While the pandemic-induced contractions in 2020 were relatively short-lived, the recovery has been uneven, primarily due to disparities in fiscal stimulus measures and vulnerabilities in industries such as retail and hospitality.
- The European LCV market is poised for a steadier growth trajectory, with an anticipated annual average of 3-4% from 2023 to 2029. Factors such as infrastructure investments, the rise of last-mile delivery networks, and ongoing economic recovery are expected to bolster demand. However, risks loom from factors like high inflation, energy costs, and political uncertainties. Additionally, the market's shift toward electric drivetrains will further shape its dynamics. The European LCV market is set for a gradual expansion in the long run.
Europe Light Commercial Vehicles Market Trends
Environmental concerns, government support, and decarbonization goals fuel European electric vehicle demand and sales
- The demand and sales of electric vehicles in European countries have grown significantly over the past few years. Germany witnessed a growth in the sales of electric cars by 22% in 2022 over 2021, followed by the United Kingdom with an 18.40% increase in 2022 over 2021. Growing environmental concerns, stringent governmental norms, advantages of electric vehicles such as fuel efficiency, low service cost, no carbon emissions, and subsidies by the government are some of the factors contributing to the growth of electric vehicles in European countries.
- The demand for electric commercial vehicles, especially light trucks, is growing gradually in European countries. Moreover, the governments of various countries are also supporting the adoption of electric vehicles. In November 2021, the government of the United Kingdom announced a pledge that all heavy-duty vehicles would be zero-emission by the year 2040. Such factors have increased the sales of electric commercial vehicles in the United Kingdom by 23.17% in 2022 over 2021, and similar practices in various countries are enhancing the demand for electric commercial vehicles across Europe.
- It is projected that the electrification of vehicles in European countries is expected to grow tremendously in the next few years. The efforts of the governments in the regions for decarbonization are expected to drive the electric commercial vehicle market in Europe. For instance, in January 2022, the transport minister of Germany announced a goal to put 15 million electric vehicles on the road by 2030. Such factors are expected to increase the sales of electric vehicles during the 2024-2030 period in European countries.
Europe Light Commercial Vehicles Industry Overview
The Europe Light Commercial Vehicles Market is moderately consolidated, with the top five companies occupying 62.47%. The major players in this market are Fiat Chrysler Automobiles N.V, Ford Motor Company, Groupe Renault, Peugeot S.A. and Volkswagen AG (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 REPORT OFFERS
3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 Population
4.2 GDP Per Capita
4.3 Consumer Spending For Vehicle Purchase (cvp)
4.4 Inflation
4.5 Interest Rate For Auto Loans
4.6 Impact Of Electrification
4.7 EV Charging Station
4.8 Battery Pack Price
4.9 New Xev Models Announced
4.10 Logistics Performance Index
4.11 Fuel Price
4.12 Oem-wise Production Statistics
4.13 Regulatory Framework
4.14 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
5.1 Vehicle Type
5.1.1 Commercial Vehicles
5.1.1.1 Light Commercial Pick-up Trucks
5.1.1.2 Light Commercial Vans
5.2 Propulsion Type
5.2.1 Hybrid and Electric Vehicles
5.2.1.1 By Fuel Category
5.2.1.1.1 BEV
5.2.1.1.2 FCEV
5.2.1.1.3 HEV
5.2.1.1.4 PHEV
5.2.2 ICE
5.2.2.1 By Fuel Category
5.2.2.1.1 CNG
5.2.2.1.2 Diesel
5.2.2.1.3 Gasoline
5.2.2.1.4 LPG
5.3 Country
5.3.1 Austria
5.3.2 Belgium
5.3.3 Czech Republic
5.3.4 Denmark
5.3.5 Estonia
5.3.6 France
5.3.7 Germany
5.3.8 Ireland
5.3.9 Italy
5.3.10 Latvia
5.3.11 Lithuania
5.3.12 Norway
5.3.13 Poland
5.3.14 Russia
5.3.15 Spain
5.3.16 Sweden
5.3.17 UK
5.3.18 Rest-of-Europe
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 Fiat Chrysler Automobiles N.V
6.4.2 Ford Motor Company
6.4.3 Groupe Renault
6.4.4 Mercedes-Benz
6.4.5 Peugeot S.A.
6.4.6 Toyota Motor Corporation
6.4.7 Volkswagen AG
7 KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (DROs)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security