Maharashtra small commercial
vehicle market is anticipated to register an impressive growth during the
forecast period, 2023-2027, with estimated CAGR on account of growing sales of
small commercial vehicles in the state. India small commercial vehicle industry
value in the year 2021 was USD1909.91 million, and the western region of the
India that includes states like Maharashtra registered largest revenue shares
in the industry. Demands for the light commercial vehicles like the passenger
carrier vehicles, transportation load carrier vehicles, is rapidly expanding,
and driving the growth of the Maharashtra small commercial vehicles market in
the upcoming five years. Expanding
e-commerce sector plays a vital role in increasing the demands for the small
commercial vehicles in the states and thereby supporting the growth of the
Maharashtra small commercial vehicle market in the next five years.
Small commercial vehicles are
usually the four-wheeler or three-wheeler, smaller transportation units, that
can be either petrol/gas powered, or battery powered vehicles. The small
commercial vehicle finds it application majorly in the transportation as well
as for delivery services. The category of these vehicles is majorly
characterized as sub 1000cc engine and that weighs less than 3.5 tons. This
standardization is strictly followed in all states of India. The small
commercial vehicles like mini trucks, and small vans are cost efficient,
durable, and follow all the new pollution control laws, over the large commercial
vehicles.
Growing Numbers of Production
Plants Drive Market Growth
Rapidly increasing numbers of
manufacturing units and increasing penetration of the global market players in
the state are the major factors driving the growth of the Maharashtra small commercial
vehicle market in the upcoming five years. Cities like Pune, Mumbai, Nagpur
hold largest numbers of production units of multiple market players that
support the demands of small commercial vehicles and provide sufficient
supplies thereby supporting the growth of the Maharashtra small commercial
vehicle market in the next five years.
Growing End Use Industries
Drive Market Growth
Expanding end use industries
like the e-commerce industry, FMCG industry, pharma industry, and healthcare
sector, etc. are actively driving the growth of the Maharashtra small
commercial vehicle market in the upcoming five years. Rising demands for the transportation
services from the end use industries to move raw material and final products is
responsible for the growth of the Maharashtra small commercial vehicle market
in the next five years. Growing urbanizations and surge in the demand for the
freight transports leads to increasing production of the small commercial
vehicles and thus responsible for the market growth.
In 2021, around 37.76
thousand units of small commercial vehicles were sold in Maharashtra. The sales
of the small trucks, etc. has led to the higher productions. Large number of
manufacturing units, and growing automobile industry is substantiating the
growth of the Maharashtra small commercial vehicle market in the forecast years
through 2027.
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Market Segmentation
The
Maharashtra small commercial vehicle market is segmented by vehicle tonnage,
industry, propulsion, competitional landscape, and regional distribution. Based on vehicle tonnage,
the market is further segmented into less than 1 ton, 1 - 2 ton, and 2 - 3 ton.
By industry, the market is fragmented into e-commerce, FMCG, pharma,
electronics, construction, agricultural, hospitality, forestry, oil & gas,
and others. Based on propulsion, the market is differentiated between ICE and
electric. The market analysis also studies the top 5 cities analysis, that are Pune,
Mumbai, Bhiwandi, Nagpur, and Nasik.
Company Profile
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 Maharashtra Private Limited, Saera Electric Auto Pvt. Ltd., among others is a partial
list of major market players of the companies responsible for the growth of Maharashtra
small commercial vehicle market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Vehicle Tonnage
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Industry
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Propulsion
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Cities scope
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Pune, Mumbai, Bhiwandi, Nagpur, Nasik, rest of Maharashtra.
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Key companies profiled
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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 Maharashtra
Private Limited, Saera Electric Auto Pvt. Ltd.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to cities & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Maharashtra small commercial vehicle market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Maharashtra Small Commercial
Vehicle Market, By Vehicle Tonnage:
- Less Than 1 ton
- 1 - 2 Ton
- 2 - 3 Ton
- Maharashtra Small Commercial
Vehicle Market, By Industry:
- E-commerce
- FMCG
- Pharma
- Electronics
- Construction
- Agricultural
- Hospitality
- Forestry
- Oil & Gas
- Others
- Maharashtra Small Commercial
Vehicle Market, By Propulsion:
- Maharashtra Small Commercial
Vehicle Market, By Top 5 Cities:
o Jaipur
o Jodhpur
o Udaipur
o Alwar
o Kota
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Maharashtra 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).
Maharashtra 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]