Research and Markets: Commercial Vehicles Market in the UK is Expected to Demonstrate Further Expansion up to 2009.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c21768) has announced the addition of Commercial Vehicles Market Report 2005 to their offering. The commercial vehicles market forms part of the UK's motor industry and is an important part of UK manufacturing as a whole. It is estimated that the apparent UK market for commercial vehicles was worth some GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 4.41bn in 2004, up from GBP 3.93bn in 2003. The commercial vehicles market has three distinct sectors: light commercial vehicles (LCVs), heavy goods vehicles heavy goods vehicle n (BRIT) → vehículo pesado heavy goods vehicle n (Brit) → poids lourd m heavy goods vehicle (HGVs), and buses and coaches. LCVs are the largest sector of the market and also the strongest growing in terms of new vehicle registrations. New vehicle registrations of HGVs have also shown some growth since 2000, but new registrations of buses and coaches have declined. The sustained period of economic growth and stability experienced by the UK has aided the development and continued growth of the commercial vehicles market. However, government legislation, including the End of Life Vehicles Regulations, the introduction of a truck toll tax and a climate change levy The Climate Change Levy (CCL) is a tax on energy delivered to non-domestic users in the United Kingdom. Its aim is to provide an incentive to increase energy efficiency and to reduce carbon emissions, however there have been ongoing calls to replace it with a proper carbon tax. are expected to impact on the sector up to 2010. Demand for LCVs has been strong since 2000. Many types of organisation can use them, they are relatively inexpensive to buy and are easily disposed dis·pose v. dis·posed, dis·pos·ing, dis·pos·es v.tr. 1. To place or set in a particular order; arrange. 2. of when sold in the second-hand market. The HGV HGV (in Britain, formerly) heavy goods vehicle HGV (Brit) n abbr (Hist) (= heavy goods vehicle) → Lkw m market is less dynamic, as these tend to have a fairly long life and there can be a considerable time lag before operators need to purchase replacements. The new buses and coaches sector is mature and the market has been fairly subdued sub·due tr.v. sub·dued, sub·du·ing, sub·dues 1. To conquer and subjugate; vanquish. See Synonyms at defeat. 2. To quiet or bring under control by physical force or persuasion; make tractable. 3. since 2000. The export market has developed strongly since 2000, and is expected to develop further in the future. The commercial vehicles market is expected to show continued growth in 2005 and then, supported by a strong economy, demonstrate further expansion up to 2009. Environmental and political pressures will increasingly affect the industry and influence the future design and development of commercial vehicles. Company Profiles --Daimlerchrysler UK Holding Plc --Ford Motor Company Ltd --General Motors Holdings (UK) --Iveco Ltd --LDV Ltd --Leyland Trucks Ltd --Peugeot Motor Company Plc --Renault UK Ltd --Volvo Truck and Bus Ltd For more information visit http://www.researchandmarkets.com/reports/c21768 |
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