Rajasthan small commercial
vehicle market is anticipated to register growth with an impressive CAGR in the
forecast period, 2023-2027, on the account of increasing logistic services in
the state. Rising demand for the transportation of the material for short
distances further drives the growth of the Rajasthan small commercial vehicle
market in the upcoming five years. Expanding e-commerce sector with rising
disposable income among the population spending lavishly over online delivery
services, is also driving the demands for the small commercial vehicles in the
country, thereby supporting the growth of the Rajasthan 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 End Use Industries
Drive Market Growth
Demands for small commercial
vehicles are increasing since their applications in various end use industries
are growing. Sectors like construction industry, logistic sector, grocery &
online shopping delivery services are heavily dependent on small commercial
vehicles for the transportation purposes. Moreover, increasing numbers of micro
enterprises are also responsible for the growth of the market. In year 2020,
Rajasthan had 8.4% of the latest registrations of micro enterprises in the
country.
The sales of the small
commercial vehicles in the state are directly proportional to the demands
rising from the various end use industries. In FY2019, more than 691 thousand
commercial vehicles were used in the state alone. More than 624 thousand commercial
vehicles were produced in the country in 2021. Out of which around 20.04
thousand units of small commercial vehicles were sold in Rajasthan alone in the
year 2021.
Expansion of Global Market
Players In The State
Multiple market players that
have global presence with their automobiles are rapidly expanding in the state.
Market players like Ashok Leyland Limited, TAFE Tractors have large global presence,
and they are expanding rapidly in the toc cities of the state like Jaipur,
Udaipur, etc. In the year 2020, Ashok Leyland Limited, launched a new
commercial vehicle under the brand, “Bada Dost” with a BS-VI engine. The
company’s stock grew over 10% post the launch, and similar launches of the
innovative and advanced product line is anticipated t further substantiate the
growth of the Rajasthan small commercial vehicle market in the future five
years.
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Market Segmentation
The
Rajasthan 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
Jaipur, Jodhpur, Udaipur, Alwar, and Kota.
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 Rajasthan 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 Rajasthan
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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Jaipur, Jodhpur, Udaipur, Alwar, Kota, rest of Rajasthan.
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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 Rajasthan
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, Rajasthan small commercial vehicle market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Rajasthan Small Commercial Vehicle Market,
By Vehicle Tonnage:
- Less Than 1 ton
- 1 - 2 Ton
- 2 - 3 Ton
- Rajasthan Small Commercial Vehicle Market,
By Industry:
- E-commerce
- FMCG
- Pharma
- Electronics
- Construction
- Agricultural
- Hospitality
- Forestry
- Oil & Gas
- Others
- Rajasthan Small Commercial Vehicle Market,
By Propulsion:
- Rajasthan 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 Rajasthan 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).
Rajasthan 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]