Pickup Truck Market Size to Reach USD 207,720 Million by 2026 at CAGR 3.2% | Valuates Reports

BANGALORE, India, June 24, 2021 -- The Pickup Truck Market is Segmented by Type (Full-Size Pickups, Small/Midsize Pickups, Other), Application (Individual Use, Commercial Use). The report covers global opportunity analysis and industry forecasts from 2021 to 2026. It is published in Valuates Reports in the Automotive Industry Category.

The global Pickup Truck market size was valued at USD 166,210 Million in 2019 and it is expected to reach USD 207,720 Million by the end of 2026, growing at a CAGR of 3.2% during the forecast period 2021-2026. 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.

Major factors driving the growth of the global pickup truck market are:

A combination of style and technical improvements such as advanced driver assistance systems are pushing consumers into trucks.
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.

Browse the full report with Table of Contents and List of figures at: https://reports.valuates.com/market-reports/QYRE-Auto-1753/global-pickup-truck

TRENDS INFLUENCING THE GROWTH OF THE PICKUP TRUCK MARKET

The incorporation of technological improvements to enhance the comfort of the drive is expected to increase the growth of the pickup truck market. Modern pickup trucks are equipped with features such as Bluetooth connectivity, all-wheel drive (AWD), automatic transmissions, and DVD players, among others. Furthermore, pick-up truck manufacturers are focusing on enhancing the drive experience by incorporating advanced driver assistance systems including blind-spot alarms and rear cross-traffic warnings, as well as a variety of camera perspectives. This in turn is expected to open to wider customer acceptance thereby driving the pick-up truck market size.

The demand for pickup trucks is expanding due to an increase in product transportation due to the growth of e-commerce and SMEs. Additionally, increasing the use of pickup trucks since they provide a better value proposition and can seat more passengers while still carrying freight is expected to boost the pick-up truck market growth.

Another driver fueling the expansion of the pickup truck market is increasing customer demand for fuel-efficient vehicles that are suitable for both on and off-road. The pickup truck is outfitted with wheels that easily navigate muddy, damp, and rocky terrains, making it ideal for activities such as fishing and hunting. The vehicle's cab is elevated above the axle, giving the driver more view, which is advantageous for off-road driving as well as city traffic jams.

Get your sample today: https://reports.valuates.com/request/sample/QYRE-Auto-1753/Global_Pickup_Truck_Market

PICKUP TRUCK MARKET SHARE ANALYSIS

Based on region, because of increased truck manufacturing and a higher preference for pickup trucks in the region, North America and Europe are expected to maintain a substantial proportion of the pickup truck market share during the forecast period. This is attributed to the change in consumer preference for a pick-up truck and the increase of small and medium-sized businesses that utilize pick-up trucks for transporting their shipments.

Pickup Truck Market Production by Region

United States
Europe
China
Japan
South Korea
India
Other Regions

Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-1753/Global_Pickup_Truck_Market

Major Players in the PickupTruck Industry

Ford
GM
Toyota
FCA
Isuzu
Nissan
Mitsubishi
Mahindra & Mahindra
Volkswagen
Great Wall Motors
Jiangling Motors
ZXAUTO
Tata Motors
Ashok Leyland
Foton Motor
Others

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-1753&lic=single-user

Buy Now for Enterprise License + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-1753&lic=enterprise-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

Electric Pickup Truck Market contains segmentation By Type (Small/Mid-size Pickup Truck, Full-size Pickup Truck), By Application (Individual Use, Commercial Use) and Regional Opportunity Analysis and Industry Forecasts 2026.
Hybrid Pickup Truck Market contains segmentation By Type (Plug-in Hybrid Pickup Truck, Mild Hybrid Electrical Pickup Truck, Full Hybrid Electrical Pickup Truck), By Application (Commercial Vehicle, Personal Vehicle) and Regional Opportunity Analysis and Industry Forecasts 2026.
The global electric truck market size was valued at USD 422.5 Million in 2019 and is projected to reach USD 1,893.1 Million by 2027, registering a CAGR of 25.8% from 2020 to 2027. Asia-Pacific accounted for the highest share in the global electric truck market in 2019, and LAMEA is anticipated to exhibit remarkable growth rate during the electric truck market forecast period.Politically imposed measures to contain the virus, such as stopping factories, dealerships, and offices, resulting in the layoff of short-term workers, and fear of recession, are expected to result in a major drop in new vehicle sales. These elements are expected to have a substantial impact on the electric truck market.
Full-size Pickup Truck Market contains segmentation By Type (4 Doors Pickup Truck, 2 Doors Pickup Truck), By Application (Individual Use, Commercial Use) and Regional Opportunity Analysis and Industry Forecasts 2026.
Heavy-duty Pickup Truck Market contains segmentation By Type (Electric, Non-electric), By Application (Individual Use, Commercial Use) and Regional Opportunity Analysis and Industry Forecasts Report 2026.
Used Truck Market contains segmentation By Type (Light Truck, Medium-duty Truck, Heavy Duty Truck), By Application (Construction, Oil & Gas, Others) and Regional Opportunity Analysis and Industry Forecasts 2026.
Electric Commercial Vehicle market size is projected to reach USD 178560 Million by 2026, from USD 110540 Million in 2020, at a CAGR of 8.3% during 2021-2026. The requirement for fuel-efficient and emission-free vehicles, as well as the growing demand for electric commercial vehicles such as electric trucks in the logistics industry to reduce the added liability of fuel prices, are some of the primary drivers of this market. New revenue opportunities may arise as EV battery capacity improves, allowing electric commercial trucks to transport heavier cargo over longer distances. Oil firms pushing against EVs, restricted battery power, and lengthier charging times are only a few of the worldwide market's hurdles.

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Follow us on Twitter - https://twitter.com/valuatesreports
Follow us on Linkedin - https://in.linkedin.com/company/valuatesreports
Follow us on Facebook - https://www.facebook.com/valuatesreports

SOURCE Valuates Reports