NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/06/07 - Improving road transport infrastructure along with rapid economic growth will prompt commercial vehicle sales in India to grow at double digit CAGR during 2010-2013, says RNCOS.
According to our latest research report “India Commercial Vehicle Market Analysis”, the economic crisis moderately affected the commercial vehicle market in India. However, in 2009-10, the commercial vehicle segment regained its growth, both in terms of production and sales, owing to the strong fundamentals of recuperating demand from almost all prominent sectors. Especially, passenger carriers gained notable sales momentum and boosted the overall commercial vehicle development outlook. In coming years, rapid expansion of cities to suburban areas will also create more demand for mass transportation vehicles in the country, thus fuelling passenger carrier demand in the country. As a result, the sales of passenger carriers are expected to register nearly 13% CAGR between 2010-11 and 2013-14.
The study reveals that sales of commercial vehicles, particularly light commercial goods carriers, are touching new heights both in domestic and export markets. The growing construction industry along with commercial development has opened new vistas for light commercial goods carriers. In coming years also, we anticipate this trend to remain applicable, which will enable almost double-digit production and demand growth in this segment.
“India Commercial Vehicle Market Analysis” is an outcome of extensive research and thorough analysis of the burgeoning Commercial Vehicle, Utility Vehicle and Multipurpose Vehicle markets in India. The report discusses the market structure, current and past market performance and factors critical to the success of the concerned industry in India. We have identified all the key players in the Competitor Analysis section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector. In addition, separate analysis of M&As and regulatory environment facilitates a complete understanding of the market necessary for strategy formation.
Most importantly, the report gives industry forecast based on correlation of past drivers, challenges and opportunities for expansion. In this way, the report is a complete solution for the clients looking to enter the market through joint ventures or as investors.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.