Multi-Purpose Vehicle Market Outlook 2017-2022 Industry Analysis, Opportunities, Segmentation and Forecast

Global Multi-Purpose Vehicle Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Multi-Purpose Vehicle (MPV) is also termed as a people carrier, or multi-utility vehicle (MUV), or minivan. It is a type of van used mainly for carrying passengers due to a more practical interior than regular hatchbacks. It can carry less number of people than a minibus. These vehicles can be driven in several situations and on different terrains like off-road.

              

The factors that are playing a major role in the growth of Multi-Purpose Vehicle (MPV) Market are small and are easy to use, spacious, and flexible interior space. Moreover, it has two or three rows of seats that serve for 6 to 8 passengers, lightweight & unibody construction are another factors driving overall market. Multi-Purpose Vehicle Industry is segmented based on type, Standard body equipment’s, body types, applications, and region.

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Types such as Mini MPV (>5), Middle MPV (5~6), and Compact MPV (6~7), and others classify Multi-Purpose Vehicle Market. Standard body equipment’s such as Flooring, Lights, Mirrors, Roof, Seating, Windows, and others classify this industry. Body types such as Minibuses, Sedans, Trucks, Station Wagons, Hatchbacks, Cabrio Cars, Vans, coupés, SUV, and Compact Cars classify the market. Applications into Personal Use, Commercial Use, and others classify the market. Multi-Purpose Vehicle Industry is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, Asia Pacific accounts for the largest market share of Multi-Purpose Vehicle Market and is estimated to lead the overall market in the years to come. The reason being, rising demand amongst young population, government policy support, and development of support infrastructure and high investments. China and India are the major consumers of Multi-Purpose Vehicle Industry in this region. India is the fastest developing country as a global R&D hub, small-car manufacturing hub, and to create sizeable market segments through innovations.

Market Segment:

This report studies Multi-Purpose Vehicle in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering

• Saic-Gm

• Dongfeng

• JAC

• Volkswagen

• Changan

• Toyota

• Nissan

• FAW

Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Multi-Purpose Vehicle in these regions, from 2012 to 2022 (forecast), like

• North America

• Europe

• China

• Japan

• Southeast Asia

• India

The key players of Multi-Purpose Vehicle Industry are FAW, Mahindra, SAIC-Gm, Nissan, DongFeng, Toyota, JAC, Changan, Volkswagen, Mercedes-Benz, BMW, Maruti Suzuki, FORD, BAJAJ, Hero & Honda, and TATA Motors. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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