Report Description

The Andhra Pradesh small commercial vehicle market is expected to witness a growth of steady CAGR in the forecast period, 2023-2027. The high penetration of the e-commerce industry and the developing logistics and transportation industry are the key factors driving the demand for Andhra Pradesh small commercial vehicle market. Also, the high-end investments by the market players in research and development activities to upgrade the existing infrastructure and introduce novel models in the market are expected to create growth opportunities for the Andhra Pradesh small commercial vehicle market in the forecast period.

Small commercial vehicles can be categorized into a three-wheeler and four-wheelers vehicles. Market players integrate the small commercial vehicle with the latest technology and systems, making the driving experience pleasurable for drivers even on rough terrains. A small commercial vehicle is a type of commercial vehicle, and it has a lower load-carrying capacity than the conventional large-sized cargo trucks, thereby making them suitable to transport goods within urban areas.

Flourishing Small and Medium Enterprises Drives the Market Growth

Andhra Pradesh ranks 5th in small and medium enterprises, and there are about 25.96 lakh MSME enterprises in the state. The leading authorities allocated a fund of 100 crores to support the revival of MSME enterprises in the state. The government is developing the logistics industry and building infrastructure and is using commercial vehicles to maintain an efficient supply chain. Leading authorities are introducing policies and incentives such as 100% reimbursement of stamp duty within six months on certain purchases or leases of land for industrial purposes. They provide investment subsidies on fixed capital investment for micro and small enterprises up to 20 lakhs. Small enterprises can use small commercial vehicles to transport their goods between local and regional destinations. Also, small commercial vehicles can easily travel over narrow roads, which is required for last-mile connectivity. The wider reach of small commercial vehicles on narrow roads over the other means of transport and the growing small and medium enterprises are expected to bolster the Andhra Pradesh small commercial vehicle market growth in the forecast period.

Growing Manufacturing Industry Supports the High Market Demand

Andhra Pradesh is developing at a rapid pace. Many companies have set up their manufacturing plants due to the availability of cheap labor and easy entry into the market. ITC, Samsung Electronics, Unilever, Hindustan Petroleum, Vizag Steel, Mahindra, Nestle, and many international companies have manufacturing plants in Andhra Pradesh. The central government has launched the Production Linked Incentive Scheme (PLI) to encourage investment in 13 different sectors. As part of this, the state government is taking measures to attract investments in the state's key sectors. The government has developed Electronic Manufacturing Cluster to attract investments in the investment sector under the PLI scheme. The growing demand from the consumers for different consumer goods and other products and the high support from the government is expected to accelerate the Andhra Pradesh small commercial vehicle market growth in the forecast period.


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Market Segmentation

The Andhra Pradesh small commercial vehicle market is segmented into vehicle tonnage, industry, propulsion, competitive landscape, and regional distribution. Based on vehicle tonnage, the market is divided into less than 1 ton, 1 - 2 ton, and 2 - 3 ton. Based on industry, the market is divided into e-commerce, FMCG, pharma, electronics, construction, agricultural, hospitality, forestry, oil & gas, and others. Based on propulsion, the market is divided into ICE and electric. The market is also studied by dividing Andhra Pradesh into cities namely Hyderabad, Visakhapatnam, Krishna, Nellore, Rajahmundry. .

Market Players

Lohia Auto Industries  , Tata Motors Limited, Ashok Leyland Limited, Atul Auto Limited, Piaggio Vehicles Pvt. Ltd. (PVPL), Mahindra & Mahindra Ltd, Bajaj Auto Ltd., TVS Motor Company, Isuzu Motors Andhra Pradesh Private Limited, Saera Electric Auto Pvt. Ltd are the major market players leading the Andhra Pradesh small commercial vehicle market growth.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Vehicle Tonnage

·         Industry

·         Propulsion

City scope

Hyderabad, Visakhapatnam, Krishna, Nellore, Rajahmundry

Key companies profiled

Lohia Auto Industries , Tata Motors Limited, Ashok Leyland Limited, Atul Auto Limited, Piaggio Vehicles Pvt. Ltd. (PVPL), Mahindra & Mahindra Ltd, Bajaj Auto Ltd., TVS Motor Company, Isuzu Motors Andhra Pradesh Private Limited, Saera Electric Auto Pvt. Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Andhra Pradesh small commercial vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Andhra Pradesh Small Commercial Vehicle Market, By Vehicle Tonnage:
    • Less Than 1 ton
    • 1 - 2 Ton
    • 2 - 3 Ton
  • Andhra Pradesh Small Commercial Vehicle Market, By Industry:
    • E-commerce
    • FMCG
    • Pharma
    • Electronics
    • Construction
    • Agricultural
    • Hospitality
    • Forestry
    • Oil & Gas
    • Others
  • Andhra Pradesh Small Commercial Vehicle Market, By Propulsion:
    • ICE
    • Electric
  • Andhra Pradesh Small Commercial Vehicle Market, By City:

o   Hyderabad

o   Visakhapatnam

o   Krishna

o   Nellore

o   Rajahmundry

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Andhra Pradesh small commercial vehicle market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Andhra Pradesh small commercial vehicle market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Impact of COVID-19 on Andhra Pradesh Small Commercial Vehicle Market

5.     Voice of Customers

5.1.   Factors Influencing Purchase Decision

5.2.   Brand Recall

5.3.   Brand Satisfaction Level

6.     Andhra Pradesh Small Commercial Vehicle Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value & Volume

6.2.   Market Share & Forecast

6.2.1. By Vehicle Tonnage (Less Than 1 ton, 1 - 2 Ton, and 2 - 3 Ton)

6.2.2. By Industry (E-commerce, FMCG, Pharma, Electronics, Construction, Agricultural, Hospitality, Forestry, Oil & Gas, and Others)

6.2.3. By Propulsion (ICE and Electric)

6.2.4. By Top 5 Cities

6.2.5. By Company (FY2021)

6.3.   Market Map (By Vehicle Tonnage, By Industry, By Propulsion, and By Region)

7.     Andhra Pradesh Less Than 1 Ton Small Commercial Vehicle Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value & Volume

7.2.   Market Share & Forecast

7.2.1. By Industry

7.2.2. By Propulsion

7.3.   Market Map (By Industry)

8.     Andhra Pradesh 1-2 Ton Small Commercial Vehicle Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value & Volume

8.2.   Market Share & Forecast

8.2.1. By Industry

8.2.2. By Propulsion

8.3.   Market Map (By Industry)

9.     Andhra Pradesh 2-3 Ton Small Commercial Vehicle Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value & Volume

9.2.   Market Share & Forecast

9.2.1. By Industry

9.2.2. By Propulsion

9.3.   Market Map (By Industry)

10.  Market Dynamics

10.1. Drivers

10.2. Challenges

11.  Market Trends and Developments

12.  Pricing Matrix

13.  Competitive Landscape

13.1.  Lohia Auto Industries 

13.2. Tata Motors Limited   

13.3. Ashok Leyland Limited           

13.4. Atul Auto Limited        

13.5. Piaggio Vehicles Pvt. Ltd. (PVPL)        

13.6. Mahindra & Mahindra Ltd       

13.7. Bajaj Auto Ltd.

13.8. TVS Motor Company  

13.9. Isuzu Motors Andhra Pradesh Private Limited

13.10.   Saera Electric Auto Pvt. Ltd

 14. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Growing small and medium enterprises and e-commerce industry and launch of superior models of small commercial vehicles in the market are driving the demand for Andhra Pradesh small commercial vehicle market.

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Lohia Auto Industries , Tata Motors Limited, Ashok Leyland Limited, Atul Auto Limited, Piaggio Vehicles Pvt. Ltd. (PVPL), Mahindra & Mahindra Ltd, Bajaj Auto Ltd., TVS Motor Company, Isuzu Motors Andhra Pradesh Private Limited, Saera Electric Auto Pvt. Ltd are the key players operating in Andhra Pradesh small commercial vehicle market.

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Based on propulsion, the market is bifurcated into ICE and electric. The ICE segment is expected to hold the largest market share in the forecast period.

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Availability of alternate solutions in the market may restrain the growth over the forecast period.

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Srishti Verma

Business Consultant
Press Release

Andhra Pradesh Small Commercial Vehicle Market to grow at a steady CAGR through 2027

Apr, 2022

Constantly developing logistics industry and improving road infrastructure are driving the demand of Andhra Pradesh small commercial vehicle market in the forecast period, 2023-2027.