The Europe Van Market Size Expected To Reach USD 142.6 Billion By 2031 Globally

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Europe Van Market

Expansion of e-commerce industry, automotive industry with growing inclination toward leisure & recreational activities fuel the Europe Van Market.

WILMINGTON, DE, UNITED STATES, October 16, 2024 /EINPresswire / -- According to the report published by Allied market Research, The Europe Van Market Size Expected to Reach USD 142.6 Billion by 2031 Globally. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

The Europe van market generated $81.2 billion in 2021, and is estimated to reach $142.6 billion by 2031, witnessing a CAGR of 5.6% from 2022 to 2031.

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Key manufacturers have carried numerous developments in the Europe van market. For instance, in August 2022, Mercedes-Benz expanded its Marco Polo family with new micro-camper panel van module for T-Class. According to the company, T-Class serves families and leisure enthusiasts who need plenty of space but in a more compact vehicle. The T-Class is essentially a posher version of the Citan. In addition, in May 2022, Volkswagen commercial vehicles launched a new Engineered To Go conversion for Crafter Luton van, with Palfinger tail lift available as a model. The Palfinger V500LQ tail lift provides 500kg lifting capacity on an aluminum load platform. The Crafter Luton tail lift conversion is built on the brand's innovative chassis cab.

Factors such as expansion of the logistics industry, along with development of the automotive industry with a growing inclination toward leisure & recreational activities are some of the prominent factors that propel demand for vans in Europe. However, availability of alternate vehicles and implementation of stringent emission norms are expected to hinder growth of the Europe van market. Moreover, increase in government initiatives for promotion of e-mobility and rise in demand for electric vans from the logistics sector in Europe is expected to provide growth opportunities for the market during the forecast period

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The report offers a detailed segmentation of the Europe van market based on type and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

Based on type, the medium van segment held the largest share in 2021, accounting for nearly two-fifths of the Europe van market. However, the small van segment would dominate in terms of revenue through 2031 and the large van segment is estimated to witness the fastest CAGR of 6.4% during the forecast period.

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Based on country, the market in rest of Europe was the largest in 2021, accounting for more than one-third of the Europe van market, and is likely to maintain its leadership status during the forecast period. However, the market in the UK is expected to manifest the highest CAGR of 7.8% from 2022 to 2031. The other countries analyzed in the study include Germany, France, Russia, and Italy.

Leading Key Players:-
Adventure Van,
Affinity RV Sp. z o.o.,
Alphavan GmbH,
Bilbo's Design,
Concept Multi Car Ltd.,
CoTrim,
Danbury,
Devon Conversions,
Laika Caravans,
Vanderlust.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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About Us:

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research INC
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