Pickup Truck Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Pickup Truck Market Statistics 2027
The global Pickup Truck market size is projected to reach US$ 214370 million by 2027, from US$ 171950 million in 2020, at a CAGR of 3.2% during 2021-2027. Moreover, the pick-up truck market is expected to witness a sale of 8.85 Million units of pickup trucks by the end of 2025. A combination of style and technical improvements such as advanced driver assistance systems are pushing consumers into trucks, this, in turn, is expected to drive the growth of the pickup truck market. Furthermore, increasing consumer preference for online shopping is, in turn, necessitates the use of pickup trucks to transport these products. Another factor fueling the pickup truck market's growth is rising customer demand for fuel-efficient vehicles for outdoor activities such as boating and camping, as well as a growing preference for pickup trucks over SUVs.

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Pickup Truck Market Share Analysis
Based on region, North America and Southeast Asia are the most important markets, accounting for more than 70% of the global market. This is attributed to the increased vehicle manufacturing and a higher preference for pickup trucks in the area. Customer preferences for pick-up trucks, as well as an increase in the number of small and medium-sized firms using pick-up trucks to deliver their products, are growing in these regions.
Based on type, Full-Size Pickups are the most common, accounting for around 80% of all pickups.
Based on application, Individual Use is the most popular use, accounting for more than 80% of the market.

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Top Companies In The Pickup Truck Market
The pick-up truck is dominated by global players. Ford, GM, Toyota, and other important players in the worldwide Pickup Truck market. Over 60% of the global market share is held by the top three competitors.
• Ford
• GM
• Toyota
• FCA
• Isuzu
• Nissan
• Mitsubishi
• Mahindra & Mahindra
• Volkswagen
• Great Wall Motors
• Jiangling Motors
• ZXAUTO
• Tata Motors
• Ashok Leyland
• Foton Motor
Pickup Truck Market by Type
• Full-Size Pickups
• Small/Midsize Pickups
• Other
Pickup Truck Market by Application
• Individual Use
• Commercial Use

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