The light industrial and commercial sector is diverse, and includes buses, taxis, trams and road trains; vans, pick-up tracks and larger on-road trucks; airport ground support equipment; and much more. Five years ago the action in this sector was mainly to be seen in the off-road part, notably pure EVs replacing manual labor. However, it is on-road vehicles that are now the largest sub-sector because they are a faster growing market. For this issue of EL Analysts, Peter Harrop and Raghu Das of IDTechEx examine the sector’s major components, identifying drivers, barriers, major players and growth prospects.
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