The light commercial vehicle (lcv) market - Italy

The global market for light commercial vehicles, encompassing vehicles like vans and minibusses with a maximum total mass of 3.5 tons, was valued at USD 67 billion in 2020 and is projected to grow at a CAGR of 4.5%, reaching USD 73 billion by 2026. The market experienced stagnation in recent years, particularly due to the COVID-19 pandemic impacts on production and raw material distribution. In Italy, the market observed fluctuating new registrations, with a recovery to 176 thousand between 2015-2019 after a dip in the preceding years. In terms of European rankings based on the number of registrations in 2019, Italy stood fourth after France, the United Kingdom, and Germany. Key players in the Italian market include Fiat Professional, Iveco, and Piaggio, which collectively hold 38% of the market share. The Italian market is varied, with approximately 28% small vans, 36% large vans, 15% medium-sized vans, along with other categories such as pickups and passenger cars making up the remainder. The majority (31%) of new light commercial vehicle registrations were in the Northwest region of Italy..Italian Light Commercial Vehicle Market Trends and Dynamics The Italian light commercial vehicle market presents a picture of variegated trends reflective of wider economic factors, including the impact of worldwide events such as the pandemic. The industry encapsulates a range of vehicles predominantly utilized for goods transportation or passenger carriage, with a total mass not exceeding three and a half tonnes. This category is inclusive of both Category M2 and Category N1 vehicles, with the latter requiring only a standard B driving license for operation, thereby extending its accessibility. The monetary value assigned to the global market is considerable and projected to increase steadily. With an estimated worth of between 65 and 70 billion USD in 2020, the forecast for 2026 anticipates a growth that could see the market value rise to between 70 and 75 billion USD, reflecting a compound annual growth rate of approximately 4 to 5 percent. Despite the significant growth trajectory, the market has experienced periods of stagnation, particularly over recent years due to pandemic-induced production halts and challenges in the distribution of raw materials. Focusing on Italian shores, there has been a notable fluctuation in new light commercial vehicle registrations over the past decade. The period from 2009 to 2011 saw new registrations ranging between 175 and 180 thousand, a number that experienced a decline in the subsequent years, falling to between 105 and 115 thousand registrations. However, a resurgence came about between 2015 and 2019, with the number bouncing back to previous levels. When it comes to Italy's position within the European context, the country stands in the fourth place concerning new registrations as of 2019. The leading forces within the Italian market comprise Fiat Professional, Iveco, and Piaggio, collectively holding a market share of approximately 35 to 40 percent. Notably, models such as the Fiat Ducato, Fiat Doblò Cargo, and Iveco Daily top the sales charts, asserting their dominance in the market. The distribution of light commercial vehicles is characterized by a variety of models catering to different needs, ranging from small to large vans, pickup trucks, passenger cars, and those registered as trucks. The majority of these vehicles fall into the large van category, capturing a share of about 35 to 40 percent, followed by small vans, pickups, and other categories. Significantly, the geographical spread of new registrations demonstrates a concentration in the Northwest of Italy, which accounts for nearly a third of the entire market. Intrinsically, the Italian light commercial vehicle sector reflects a.### "Prominent Players Shaping the Italian Light Commercial Vehicle Landscape" The Italian light commercial vehicle market is a dynamic sector characterized by several key players, each contributing to the industry's growth and development. These manufacturers have established their presence through innovative designs, reliable products, and strong brand recognition. **Fiat Professional** stands as a dominant force within the Italian light commercial vehicle market. As a part of Fiat Chrysler Automobiles, Fiat Professional specializes in light commercial vehicles and offers a wide range of models tailored to meet the varying needs of the transport sector. The Fiat Ducato is one of the flagship models and is highly regarded for its versatility and efficiency, making it a popular choice among businesses and independent contractors alike. **Iveco** is another major player that has made significant inroads in this market segment. As a subsidiary of CNH Industrial, Iveco is known for its robust and larger-sized commercial vehicles designed to handle heavier loads and longer distances. The Iveco Daily, in particular, has gained recognition for its durability and performance, catering to businesses that require a reliable workhorse for their operations. **Piaggio**, primarily famous for its range of scooters and motorcycles, also has a notable stake in the light commercial vehicle market. Through models like the Piaggio Porter, the company offers compact and agile solutions for urban transport and delivery services, where maneuverability and ease of parking are of the essence. Together, Fiat Professional, Iveco, and Piaggio constitute a formidable 38% of the market share, showcasing the strength of domestic brands within Italy's borders. These manufacturers not only lead in sales but also set trends for product innovation and service quality in the country's light commercial vehicle industry. The market segmentation reveals that there is a diverse array of options available, from small vans suitable for inner-city logistics to larger vans that can accommodate bulkier cargo. Pickup trucks and passenger cars converted for commercial use also form part of this varied market structure, broadening the scope for different business requirements. Geographically, the Northwest region of Italy has shown the greatest demand for light commercial vehicles, registering 31% of new vehicles. This suggests a strong industrial and commercial presence in that part of the country, driving the need for transportation and delivery solutions. In conclusion, the position of Fiat Professional, Iveco, and Piaggio as key players in the Italian light commercial vehicle market illustrates their adaptability and responsiveness to both the commercial demands and the regulatory framework shaping the industry. Their continued growth and product diversity significantly influence the choice and preferences of vehicle purchasers across Italy.

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 15/03/2022

Update Details

---

Summary and extracts

List of charts

• Pays ayant le plus grand nombre de VUL immatriculés en Europe
• Marché mondial des minivans et des VUL
• Segmentation du marché des véhicules
• Chiffre d'affaires des entreprises vendant des véhicules légers
• Vente de la production de véhicules utilitaires légers
• Nombre de véhicules utilitaires légers en circulation
• Véhicules utilitaires légers d'occasion par groupe d'âge
• Évolution du prix de l'essence
• Véhicules utilitaires légers d'occasion par type de carburant
• Segment des véhicules utilitaires légers
• Modalités d'achat des véhicules utilitaires légers
• Prix de production des véhicules
• Augmentation des prix de détail des métaux de base
• Émissions de CO2 de tous les véhicules
• Émissions de CO2 des véhicules utilitaires légers
• Véhicules commerciaux par canal

Show more Hide

---