According to Stratistics MRC, the Global Pickup Truck Market is accounted for $16,556.00 million in 2020 and is expected to reach $22,832.91 million by 2028 growing at a CAGR of 4.1% during the forecast period. Increasing customer demand of fuel-efficient vehicles, rising urbanization and increasing popularity of online shopping are driving the market growth. However, strict regulations for recreational and commercial pickup trucks is hampering the growth of the market.
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By geography, North America is going to have high growth during the forecast period owing to large production of trucks and greater preference for pickup trucks in the region. The market is directly influenced by expansion of small- and medium-scale enterprises in the region.
Some of the key players profiled in the Pickup Truck Market include Ashok Leyland, FCA, Ford, Foton Motor, GM, Great Wall Motors, Isuzu, Jiangling Motors, Mahindra & Mahindra, Mitsubishi, Nissan, Tata Motors, Toyota, Volkswagen and ZXAUTO.
Truck Types Covered:
• Small Size/Compact Pickups
• Medium Size Pickups
• Full Size Pickups
• Heavy-duty Pickups
Propulsion Types Covered:
• Internal Combustion Engine (ICE)
• Electric
• Hybrid
Transmission Types Covered:
• Automatic Transmission
• Semi-Automatic Transmission
• Manual Transmission
Power Outputs Covered:
• 250–400 HP
• 401–550 HP
• >550 HP
Applications Covered:
• Individual Use
• Commercial Use
Sales Channels Covered:
• Direct Channel
• Distribution Channel
End Users Covered:
• Fire Services
• Law Enforcement
• Passenger Transport
• Pickup Truck Racing
• Military
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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