CLEVELAND, Aug. 31, 2017 /PRNewswire/ -- Global sales of Light Vehicles (LVs) are forecast to reach 104 million units in 2021, according to Global Light Vehicles, a report recently released by Freedonia Focus Reports. Rising global gross domestic product (GDP) and personal income levels will support gains. Increasing personal income levels are putting vehicle purchases within the financial grasp of more people in developing countries.
Asia/Pacific will continue to register the largest sales volumes globally. Sales in India will exhibit the fastest growth in the region, supported by rapid GDP and personal income expansion in that country, though China will account for the majority of unit growth.
These and other key insights are featured in Global Light Vehicles. This report forecasts global sales, production, and park in 2021 for light vehicles by global region in units. Regions include:
In addition, for the three main regions, sales, production, and park by major country are forecast to 2021.
To illustrate historical trends, global sales, production, and park by major region are provided in annual series from 2006 to 2016. For the three main regions, sales, production, and park by major country are provided at five-year intervals for 2006, 2011, and 2016.
About Freedonia Focus Reports Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
total historical market size and industry output
segmentation by products and markets
identification of market drivers, constraints, and key indicators