Italian market
The light commercial vehicle (LCV) market in Italy
The term light commercial vehicle refers to vehicles that are used for the transport of goods or persons and have a maximum total mass of 3.5 tones. The categories of vehicles considered to be light commercial vehicles are:
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The term light commercial vehicle refers to vehicles that are used for the transport of goods or persons and have a maximum total mass of 3.5 tones. The categories of vehicles considered to be light commercial vehicles are:
- Category M2 intended for the carriage of persons with more than eight seats. A D or D1 driving licence is required to drive this type of vehicle.
- Category N1 is intended for the carriage of goods, such as vans. Only a B licence is required to drive this category.
Light commercial vehicles are usually distinguished from heavy commercial vehicles that exceed 3.5 tones and are therefore referred to as commercial vehicles.
The global market was worth USD 67 billion in 2020 and is expected to be worth USD 73 billion in 2026, with a compound annual growth rate (CAGR) of 4.5%. In the last two years, the market has come to a stop because of the pandemic, due to the halt in production and the more difficult distribution of raw materials.
In Italy, as reported by ISTAT data, in the period 2009-2011 176 thousand new registrations were recorded, between 2012-2014 110 thousand registrations, reaching 176 thousand registrations between 2015-2019. At European level, Italy in terms of number of registrations in 2019 is in fourth place in the ranking preceded by France, United Kingdom and Germany. Fiat Professional, Iveco and Piaggio account for 38% of the market. The best-selling models in Italy are the Fiat Ducato, Fiat Doblò Cargo and Iveco Daily. The market for light vehicles breaks down as follows: 28% small vans, 15% small vans, 36% large vans, 14% pick-ups, 9% passenger cars and 7% cars registered as trucks. Geographically, 31% of new light commercial vehicles were registered in the Northwest.
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