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The significant increase in defense budgets among NATO member states, driven primarily by the evolving security challenges posed by the Russia-Ukraine war and rising geopolitical tensions, forms the foundation for this Frost & Sullivan unique research report.The report explores how NATO’s collective focus on modernization, resilience, and interoper...

Europe’s life sciences sector is approaching a defining inflection point in 2026, as major regulatory and policy reforms converge to reshape pharma, diagnostics, life sciences IT, biotechnology, and the bioeconomy. Together, these frameworks open clear growth pathways across the value chain: the Clinical Trials Regulation (CTR) and European Health ...

The clinical laboratory testing industry will continue to experience growth in testing volumes due to the aging of the US population, patient awareness of the benefits of laboratory testing, test cost reductions, the development of advanced and specialized tests for disease detection and management, the growing awareness of early detection and prev...

Global economic activity in 2026 is set against a backdrop of moderating growth, persistent tariff pressures, and geopolitical volatility. While global GDP growth is forecast to ease from 3.2% in 2025 to 3.0% in 2026, supply chain realignment and sustained fiscal spending will create critical growth avenues in AI, defense, critical minerals, and re...

Digital retail is witnessing significant shifts, with next-generation innovations such as extended reality (XR), artificial intelligence (AI), the Internet of Things (IoT), radiofrequency identification (RFID), blockchain, and spatial computing enabling immersive customer experiences, intelligent operations, and connected supply chains across retai...

The macroeconomic outlook for South Asia is expected to be relatively strong in 2019 on account of infrastructural development and investments. Nevertheless, the outlook doesn’t look great in terms of even higher growth as a result of a trade war between two economic giants, the United States and China, affecting the region. The growth pattern is d...

The global flavoured and functional water hydration market was worth $44.28 billion in 2018 and is expected to grow at a CAGR of 8.4% from 2018 to 2025. It is forecast to reach $77.72 billion by 2025. Rising health awareness, the regional tastes of consumers, and substantial lifestyle changes in developing and developed nations are providing the pl...

CES 2020 came to a close with the automotive industry looking at immediate and real-world use cases around an autonomous and on-demand connected lifestyle. As the DOT updated new AV guidelines, the Frost & Sullivan team went to understand how automotive industry participants, which have traditionally been cautious and slow adopters of technologies,...

12 Jun 2020  |  Global  |  Market Outlook

Global Light Commercial Vehicle Market Outlook, 2020

LCV Sales to Decline by 19.0% in 2020 Impacted by Global Recession Caused by the COVID-19 Outbreak at the Start of the Year

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Global sales of light commercial vehicle (LCV) are expected to reach 9.49 million units in 2020, with pickups contributing to 4.62 million units. The share of North America (NA) in the overall LCV market stood at 35%, while China held a 25% share, in 2019. Impending disruptions due to Coronavirus 2019 (COVID-19) are expected to impact sales across ...