A Pickup Truck is a light duty truck having an enclosed cab and an open cargo area with low sides and tailgate. It came from US, possessing the comfortable feeling like passenger car. Also, having strong power, pickup truck can carry more and adapt to the rough road.
In the last several years, Global market of pickup truck developed smoothly, in 2017, global sales of pickup truck are nearly 6.10 million units. Due to the innovations, the global market will witness the sale of 8.85 million units of pickup trucks in the end of 2025, with the CAGR of 4.85% from 2017-2025.
In 2019, the global Pickup Truck market size was US$ 166210 million and it is expected to reach US$ 207720 million by the end of 2027, with a CAGR of 3% during 2021-2027.
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The major companies include:
- Mitsubishi
- Mahindra & Mahindra
- Volkswagen
- Great Wall Motors
- Jiangling Motors
- ZXAUTO
- Tata Motors
- Ashok Leyland
- Foton Motor
Segment by Type, the Pickup Truck market is segmented into
- Full-Size Pickups
- Small/Midsize Pickups
- Other
Segment by Application, the Pickup Truck market is segmented into
- Individual Use
- Commercial Use
A full report of Global Pickup Truck Market is available at: https://www.orionmarketreports.com/pickup-truck-market/39643/
Scope of the Report
The research study analyzes the global Pickup Truck industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Pickup Truck Market Report
1. What was the Pickup Truck Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Pickup Truck Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Pickup Truck Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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