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Market research analysts at Technavio predict that the global commercial vehicle cabin market will grow steadily at a CAGR of close to 3% by 2021. This market research analysis identifies the increasing demand for commercial vehicles as one of the primary growth factors for this market. The growing demand for transportation and the explosion of e-commerce and online shopping in cities and towns across the globe are increasing the demand for commercial vehicles. Additionally, the increasing investments by the governments towards infrastructural activities such as road construction and building cities also drive the demand for commercial vehicles (CV), which subsequently boosts the growth of the CV cabin market. Furthermore, the demand for LCVs is strong due to the growth in the home delivery sector and the growing trend of delivering goods during late hours and early mornings.
One of the latest trends that will gain traction in the commercial vehicle cabin market in the coming years is the demand for improved cabins from the emerging economies. The economic growth of the emerging economies, the rising urbanization, and the increased consumer awareness about in-vehicle entertainment and information systems in the vehicle cabin will boost the demand for these technologically advanced systems. Tata Motors in India already has its own telematics and fleet management services, known as Tata FleetMan.
The commercial vehicle cabin market appears to be competitive due to the presence of numerous international vendors. The vendors in this market compete on parameters such as price, comfort and convenience features, and customization. It is crucial for vendors in this market to differentiate the products to attract the customers and survive in this competitive environment.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by vehicle type
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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