Albany, NY -- (SBWIRE) -- 12/07/2016 -- About Pickup Truck
A pickup truck is a light-duty vehicle that has an enclosed cab and an open cargo area with a tailgate. It can be either compact or full-size. Pickup trucks are mostly used as good carriers, but they also find application in personal transport, especially in the US, Mexico, and Brazil, among others. This can be attributed to rising demand for comfort and convenience, and modern pickup trucks are equipped with features such as Bluetooth connectivity, all-wheel drive (AWD), automatic transmissions, and DVD players, among others.

Technavios analysts forecast the global pickup truck market to grow at a CAGR of 5.65% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global pickup truck market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the key vendors in the market.

The market is divided into the following segments based on geography:

Americas
APAC
EMEA

Technavio's report, Global Pickup Truck Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
FCA
Ford Motor Company
General Motors
Nissan
Toyota

Other prominent vendors
Isuzu Motors
Honda
Tata Motors
Mahindra & Mahindra

Market driver
Higher demand for pickup trucks leads to expansion in production capacity of major automakers.
For a full, detailed list, view our report

Market challenge
Intense competition leading to technology innovation.
For a full, detailed list, view our report

Market trend
Increased next-generation pickup truck collaboration partnerships by global automakers.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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