Press release
Pickup Truck Market: Globally continue to dominate the market during the forecast period 2018-2025
In terms of production side, this report researches the Pickup Truck capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Pickup Truck by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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 2016, global sales of Pickup Truck is nearly 5.86 million units. Due to the innovations, the global market will witness the sale of 7.6 million units of pickup trucks in the end of 2022, with the CAGR of 4.45% from 2016-2022.
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The classification of Pickup Truck includes Full-Size Pickups, Small size and Midsize Pickups. Full-size pickup domains the global pickup truck market, especially in USA and Canada. Meanwhile, Mid-sized pickups are growing at a faster rate. Sales growth rate for last several years were 3 percent higher than the other type pickups.
USA is the largest supplier of Pickup Truck, with a production market share nearly 46% in 2016. Every year, lots of American pickup trucks export to Europe and Asian countries, also USA will import some pickups from Japanese automotive makers like Toyota and Nissan.
The Pickup Truck market was valued at 153400 Million US$ in 2017 and is projected to reach 193100 Million US$ by 2025, at a CAGR of 3.3% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Pickup Truck.
This report includes the following manufacturers; we can also add the other companies as you want.
Ford
GM
Toyota
FCA
Isuzu
Nissan
Mitsubishi
Mahindra & Mahindra
Volkswagen
Great Wall Motors
Jiangling Motors
ZXAUTO
Tata Motors
Ashok Leyland
Foton Motor
Market Segment by Product Type
Small/Mid-size Pickup Truck
Full-size Pickup Truck
Market Segment by Application
Individual Use
Commercial Use
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