Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
In the world economic growth, the Pickup Truck industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Pickup Truck market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Pickup Truck market size will be further expanded, we expect that by 2024, The market size of the Pickup Truck will reach XXX million $.
Increasing focus of automakers on producing pickup trucks with broader appeal, with a softer ride, and more safety, convenience, and comfort features is expected to boost growth of the global pickup truck market over the forecast period. For instance, in January 2020, Nissan has updated the 2020 Titan full-size half-ton pickup with bold new exterior styling, a comfortable interior, and standard advanced safety and driver assistance features. Moreover, key players in the market are also focused on launching pickup trucks with sophisticated features and modern technology. For instance, the 2020 Jeep Gladiator North Edition was launched in January 2020, which offers features such as all-season or all-terrain tires, power heated mirrors, tow hooks, and a Jeep Trail Rated tow kit, which comes with D-rings, a carabiner, a tow strap, gloves, and a safety kit. It also has Uconnect infotainment system with an 8.4-inch touchscreen and SiriusXM Travel Link Weather.
Increasing preference for pickup trucks compared to sedans is expected to offer lucrative growth opportunities for players in the market. For instance, according to a report published by Consumer Reports, a nonprofit member organization, the number of women who registered full-sized pickups increased 67% from 2008 to 2016 and reached over 470,000 trucks in 2016.
Major players in the market are focused on investing in mid-sized pickup trucks, owing to their high demand, which is expected to aid in growth of the global pickup truck market. For instance, in December 2019, General Motors announced to invest US$ 1.5 billion to launch next generation of midsize pickup trucks in the market. Automakers in the global pickup truck market are focused on launching electric vehicles in order to adopt the changing regulatory scenario regarding the use of diesel-powered vehicles. For instance, in November 2018, Tesla launched 'Cybertruck', an electric pickup with a towing capacity of 7,500+ LBS and a storage of 100 CU FT. It also features autopilot and has a 250+ miles range capacity.
The demand for dual-fuel pickup truck is increasing in the recent past, owing to increasing focus on adopting clean energy. For instance, in January 2020, The Village of Minoa (New York) purchased a dual-fuel pickup truck for its wastewater treatment plant.
Key Takeaways:
• Increasing focus of automakers on producing pickup trucks with broader appeal and advanced features is expected to augment growth of the global pickup truck market over the forecast period
• Increasing preference for pickup trucks compared to sedans is also expected to aid in growth of the market
• Major players operating in the global pickup truck market include, Ford, General Motors, Toyota, FCA, Isuzu, Nissan, Mitsubishi, Tesla, Mahindra & Mahindra, Volkswagen, Great Wall Motors, Jiangling Motors, ZXAUTO, Tata Motors, Ashok Leyland, and Foton Motor
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Ford
GM
Toyota
FCA
Isuzu
Nissan
Mitsubishi
Mahindra & Mahindra
Volkswagen
Great Wall Motors
Jiangling Motors
ZXAUTO
Tata Motors
Ashok Leyland
Foton Motor
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
- Small/Mid-size Pickup Truck
- Full-size Pickup Truck
Industry Segmentation:
- Individual Use
- Commercial Use
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
