Pickup Truck Market 2023: Industry Overview, Size, Share, Trends, Growth and Forecast Till 2028

Pickup Truck Market 2023: Industry Overview, Size, Share, Trends, Growth and Forecast Till 2028
Pickup Truck Market
The global pickup truck market size reached US$ 202.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 238.6 Billion by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028.

According to the latest research report by IMARC Group, titled “Pickup Truck Market by Fuel Type (Diesel, Petrol, Electric, and Other), Vehicle Type (Light-Duty, Heavy-Duty), Application (Individual Use, Commercial Use), and Region 2023-2028“, The global pickup truck market size reached US$ 202.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 238.6 Billion by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028.Pickup Truck Industry Definition and Application:

A pickup truck is a light vehicle with a passenger compartment and an open cargo area at the back for carrying goods. It is spacious and capable of traveling on rugged and uneven roads easily. It generates high torque and horsepower for hauling and towing carriages and transporting small loads. A pickup truck is a versatile vehicle used for delivering food, construction supplies, and furniture, removing garbage and junk materials from a construction site, and plowing snow. It can also be customized according to the requirement of the user by attaching bed liners, tonneau covers, canopy, headache rack, and side steps.

Report Metric

Historical: 2017-2022

Base Year: 2022

Forecast Year: 2023-2028

Request Free Sample Report: https://www.imarcgroup.com/pickup-truck-market/requestsample

Pickup Truck Market Trends: 

At present, the increasing demand for pickup trucks due to their affordability and minimum maintenance costs represents one of the primary factors influencing the market positively. Besides this, there is a rise in the utilization of pickup trucks by logistics companies to deliver packages. This, along with the increasing import and export of goods around the world, is propelling the growth of the market. In addition, the growing employment of pickup trucks in outdoor adventures across the globe is offering a favorable market outlook. Furthermore, prominent market companies are developing electrically powered pickup trucks to lower fuel consumption and exhaust emissions, which is likely to boost market growth.

Competitive Landscape Key Player:

  • Ashok Leyland Ltd.
  • Ford Motor Company
  • General Motors Company
  • Great Wall Motors
  • Isuzu Motors Limited
  • Mahindra & Mahindra Ltd
  • Mitsubishi Motors Corporation
  • Tata Motors Limited
  • Toyota Motor Corporation, Volkswagen AG

 

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=6720&flag=C

The report has segmented the market on the basis on region, component, service, service type, service model, organization size and vertical.

Fuel Type Insights:

  • Diesel
  • Petrol
  • Electric
  • Other


Vehicle Type Insights:

  • Light-Duty
  • Heavy-Duty


Application Insights:

  • Individual Use
  • Commercial Use


Breakup by Region:

  • North America:( United States, Canada)
  • Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico,Others)
  • Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports By IMARC Group:

Telehandler Market Report

Electric Truck Market Report

Two-Wheeler Market Report: https://bit.ly/3HRb131

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com


Posted

in

by

Tags: