The pickup trucks market size reached US$ 202.2 Billion in 2022, to reach US$ 238.6 Billion by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028.
A pickup truck is a two-axle motorised vehicle with pneumatic tyres, a cabin that is enclosed, and the back of a cargo bed that is enclosed by three low walls but has no roof. Additionally, it includes a back gate that swings open to the outside allowing simple loading and unloading of goods and freight. It is used to convey cargo as well as tow and pull carriages. It produces more horsepower, torque, and capacity and is simple to maintain. In addition, pickup trucks are utilised to transport and distribute items in warehouses and other distribution centres. Modern pickup truck models from major manufacturers are equipped with automatic transmissions, power steering, antilock brakes, electronic brake force distribution, electronic stability programme (ESP), cruise control, and alloy wheels.
Overview of pick-up truck market:
Due to their ability to haul both passengers and freight, pick-up trucks are becoming more and more popular. Even though the pick-up truck has a larger trunk, this allows it to be used for both commercial and non-commercial purposes. The demand for pickup trucks in the US is expanding. In the US, pickup trucks are becoming more popular.
Pickup truck makers are working to create lighter pickup trucks while also making them more fuel-efficient. This is the component driving the demand for pick-up trucks and making them more well-liked. Pickup vehicles are becoming lighter and more fuel-efficient because to technological advancements that make components lighter and offer alternatives to steel elements. The pickup vehicle market will be driven by these elements.
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Global Pickup Trucks Market: Major Players
Fiat Chrysler Automobiles (FCA)
Daimler
Tiger Truck Industries International
ZXauto
SG Automotive Group
Volkswagen
VIA Motors
Zhengzhou Nissan
Nissan
Toyota
JAC
Honda
JMC
FOTON
Ford Motor
Great Wall Motor
Isuzu
General Motors
Mazda
Global Pickup Trucks Market: Types
Compact Pickups
Mid-size Pickups
Full-size Pickups
Heavy-duty Pickups
Global Pickup Trucks Market: Applications
Passenger Transport
Law Enforcement
The Military
Fire Services
Pickup Truck Racing
Others
Global Pickup Trucks Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Pickup Trucks market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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