Newly released market study: Pickup Truck Market in the US 2015-2019

From: Fast Market Research, Inc.
Published: Wed Sep 02 2015

Fast Market Research announces the availability of Technavio's new report "Pickup Truck Market in the US 2015-2019" on their comprehensive research portal.

In the US, pickup trucks are mainly used for trade; however, they also used for personal transport. Modern pickup trucks are available with automatic transmissions instead of a manual transmission and are equipped with advanced features such as Bluetooth, AWD, and DVD players. These features are improving the demand for pickup trucks in the US. The pickup trucks segment in the US is one of the most popular segments of the automotive market in the US.

Technavio's analysts forecast the pickup truck market in the US to grow at a CAGR of 4.01% over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Pickup Truck Market in the US 2015-2019

Commenting on the report, an analyst from Technavio’s team said: "The advent of electric pickup trucks is a key trend observed in this market. Electric vehicles have the capability to provide plenty of torque from a very low RPM. This makes electric vehicles a perfect option for being used as a pickup truck because of fuel bill savings."

According to the report, the high adaptability and demand of pickup trucks is a major driver that propels growth in this market. Since the latest generation of pickup trucks is more fuel-efficient, small business owners spend less on gas, making it more preferable for them to purchase one.

Further, the report states that the expanded regulatory requirements is a challenge faced by the market. Since pickup trucks are one of the major sources of transportation-related greenhouse gas emissions in the US, an objective has been set to control vehicle emissions by reducing the CO2 emission levels.

The key players in the Pickup Truck Market in the US are FCA US, Ford Motor, General Motors, Nissan, and Toyota. while other prominent vendors include Daimler Trucks North America LLC, Honda, Isuzu Commercial Truck of America, Tiger Truck Industries International, Inc., VIA Motors Inc., and Volkswagen.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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