Portland, OR, Nov. 15, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, 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. 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.
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Van Industry in Europe Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $81.2 Billion |
| Market Size in 2031 | $142.6 Billion |
| CAGR | 5.6% |
| No. of Pages in Report | 108 |
| Segments Covered | Vehicle Type and Country |
| Drivers | Expansion of the e-commerce industry. |
| Development of the automotive industry. | |
| Rise in inclination toward leisure & recreational activities. | |
| Opportunities | Increase in government initiatives for promotion of e-mobility. |
| Rise in demand for electric vans from the logistics sector. | |
| Restraints | Availability of alternate vehicles. |
| Implementation of stringent emission norms. |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic negatively impacted the Europe van market due to the disruption in the supply chain. Germany had its vast supply chain network operational across most of the COVID-19-affected European countries, such as France, Italy, Spain, and the UK.
- Moreover, vans assisted small businesses through the COVID-19 lockdown. For instance, contactless delivery systems through vans became popular during the pandemic as they reduced the risk of transmission when delivering essential supplies such as food and medications.
- However, with the pandemic situation improving, the market is now in full swing.
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.
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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.
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 players of the Europe van market analyzed in the research include Adventure Van, Affinity RV Sp. z o.o., Alphavan GmbH, Bilbo's Design, Concept Multi Car Ltd., CoTrim, Danbury, Devon Conversions, Laika Caravans, and Vanderlust.
The report analyzes these key players of the Europe van market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
