European Light Commercial Vehicle Market Is Poised to Grow at a CAGR of 3.04% over 2016-2020: Researchmoz.us
In Europe, LCVs refer to commercial carrier vehicles of gross vehicle weights up to 3.5 tons. Gross vehicle weight refers to the operating weight, that is, the maximum weight a truck can carry while being driven. This includes the actual vehicle weight as well as passengers, cargo, and fuel weight. LCVs in Europe include pick-up trucks and vans that are used to carry a wide range of goods or are utilized as passenger carriers.
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