According to a recent report published by Allied Market Research, titled, โEurope Van Marketย by vehicle type: opportunity analysis and industry forecast, 2022โ2031,โ the Europe van market was valued at $81.2 billion in 2021, and is projected to reach $142.6 billion by 2031, registering a CAGR of 5.6% from 2022 to 2031.
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The medium van segment is segregated into panel van and people mover. The panel van segment is further divided into converted and non-converted. The people mover segment is divided into converted and non-converted. The large van segment is divided into panel van, people mover and tipper. The panel van within large van is divided into converted and non-converted. The people mover segment is divided into converted and non-converted.
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 brandโs innovative chassis cab.
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UK is a major van market in Europe. Increase in working from home, as a result of the coronavirus crisis, has led to rise in popularity of motorhomes. According to the firm, which converts Volkswagen Transporter vans into campers, there has been a noticeable trend of customers buying its vehicles as somewhere to work from home or as a mobile office. The vehicles act as a base for camping trips and staycations. Volkswagen stated that the coronavirus pandemic has led to rise in demand for motorhomes as customers become more interested in driving holidays and trips around the UK.
The Europe van market is segmented on the basis of vehicle type as small, medium, and large. The small van segment is further divided into panel van and people mover. The panel van segment is sub-divided into converted and non-converted, whereas the people mover segment is divided into converted and non-converted.ย
Prominent players operating in this van market in Europe are Adventure Van, Affinity RV Sp. z o. o, Alphavan GmbH, Bilbo’s Design, Concept Mutli-Car, CoTrim, Danbury, Devon Conversions, Laika Caravans, and Vanderlust.
KEY FINDINGS OF THE STUDY
- By vehicle type, the medium van segment dominated the Europe van market in 2021, in terms of revenue
- By country, the UK is estimated to grow by witnessing the fastest CAGR of 7.8% across the forecast period
๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฎ๐ https://www.alliedmarketresearch.com/europe-van-market/purchase-options