Report Description

The Uttar Pradesh small commercial vehicle market is expected to witness a growth of steady CAGR in the forecast period, 2023-2027. Small commercial vehicles are majorly used to carry and distribute heavy loads through narrow roads & passages. There is a need to adopt small commercial vehicles to ensure the efficient functioning of the logistics and transportation industry in cities, towns, and villages to support the state's huge ongoing trade activities. The construction and infrastructural development projects in Uttar Pradesh and the increasing popularity of the e-commerce channels in remote locations are the primary factors driving the demand for small commercial vehicles. Also, the launch of superior small commercial vehicles having higher fuel efficiency and efficiency into the market is expected to create lucrative growth opportunities for the Uttar Pradesh small commercial vehicle in the forecast period.

Ongoing Construction Activities Drives the Market Demand

The government of Uttar Pradesh is rigorously working on improving the state's infrastructure and providing world-class facilities to all of its residents. The construction of expressways by the government to make connectivity easier between different cities and villages is accelerating the demand for small commercial vehicles. Major projects such as the Purvanchal Expressway, Ganga Expressway, Gorakhpur Link Expressway, and Bundelkhand Expressway are being constructed and require the transportation of construction materials to the construction site. The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), the agency set up by the state government to support the expansion program, uses construction equipment and vehicles to complete the construction process. Also, the allocation of massive funds by the government for infrastructure development, such as the construction of railways, hospitals, schools, offices, and other buildings, is fueling the demand for commercial vehicles as they have higher load carrying capacity and take up less fuel than the conventional vehicles. The huge number of ongoing construction and infrastructural development projects is expected to boost the growth of the Uttar Pradesh small commercial vehicle market for the next five years.

High Demand for Manufacturing Industries Supports the Market Growth

Small commercial vehicles are used in the transportation and logistics industry to carry goods from industries to end-users and for other purposes. Uttar Pradesh is the largest industrial state in the country, and it is a source of many important minerals and gems. Sulfur, limestone, silica sand, pyrophyllite, dolomite, and silica sand are minerals found in Uttar Pradesh that needs to be carried from the extraction and mining area to the processing area. Mirzapur cement plants, mother dairy fruit and vegetable private limited, havells india limited, patanjali food & herbal park noida private limited, honda cars india limited, bajaj hindusthan sugar limited, dhampur sugar mills limited, haldiram snacks private limited are some of the major industries which are well-known and produce a significant amount of revenue. The government is encouraging foreign industries to come and invest in the set-up of manufacturing plants in Uttar Pradesh. In 2021, around 40.41 thousand units of small commercial vehicles were sold in Uttar Pradesh. The high domestic demand and the need to import and export goods and other materials in Uttar Pradesh are expected to fuel the Uttar Pradesh small commercial vehicle market growth for the forecast period.


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Market Segmentation

The Uttar 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 Uttar Pradesh into cities namely Kanpur, Prayagraj, Agra, Ghaziabad, Noida.

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 Uttar Pradesh Private Limited, Saera Electric Auto Pvt. Ltd are the major market players leading the Uttar 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

Kanpur, Prayagraj, Agra, Ghaziabad, Noida

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

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

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Uttar 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).

Uttar 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 Uttar 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.     Uttar 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.     Uttar 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.     Uttar 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.     Uttar 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 Uttar Pradesh Private Limited     

13.10.   Saera Electric Auto Pvt. Ltd

14.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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The Uttar Pradesh small commercial vehicle market is segmented into vehicle tonnage, industry, propulsion, regional distribution, and competitive landscape.

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The high demand from the construction and infrastructure projects and the growing e-commerce industry are driving the demand for Uttar 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 Uttar Pradesh Private Limited, Saera Electric Auto Pvt. Ltd are the key players operating in the Uttar Pradesh small commercial vehicle market.

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Based on vehicle tonnage, the market is divided into less than 1 ton, 1 - 2 ton, and 2 - 3 ton. The 2-3 ton segment is expected to capture the highest market share in the forecast period.

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Srishti Verma

Business Consultant
Press Release

Uttar Pradesh Small Commercial Vehicle Market to be dominated by Agricultural Industry by 2027

May, 2022

The growing road and highway infrastructures and high-end investments by manufacturing industries are expected to drive the demand for Uttar Pradesh small commercial vehicle market in the forecast pe