Van and minivan conversions industry comprises establishments primarily engaged in conversion of van and minivan.
Van and Minivan Conversions Global Market Size
The global van and minivan conversions market was valued at $5.8 billion in 2017. Asia Pacific was the largest geographic region accounting for $2.2 billion or 38.6% of the global market. China was the largest country accounting for $1.1 billion or 20.5% of the global van and minivan conversions market.
Van and Minivan Conversions Global Market Trend
Many companies in this market are increasingly using light weight vehicle components to improve fuel efficiency. Light weight vehicle components enables manufacturers to reduce the overall weight of the vehicle, thus, lowering the fuel consumption. This improves the fuel efficiency of the vehicle while ensuring safety norms are complied. In this regard, automotive parts manufacturers are using advanced composites and high strength metals for production.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
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