Technology News & Trends

  Pickup Truck Market: Introduction According to the report, the global  pickup truck market  is projected to reach  US$ 950 Bn  by  2030,  expanding at a CAGR of ~ 2%  during the forecast period, owing to the increase in affordability for vehicles among consumers and transition of people into middle and upper middle-income groups. The global pickup truck market is mature; however, expansion of small- and medium-scale enterprises coupled with high popularity for pickup trucks in developed countries is still boosting the market worldwide. Expansion of Pickup Truck market The expansion of the automotive industry has boosted the pickup trucks market across the globe. Moreover, rising preference among consumers for pickup trucks instead of a passenger vehicle has been a key factor driving the market. Developed countries, which highly promote do-it-yourself services, witness higher penetration of pickup trucks as compared to other vehicles, as pickup t...

Pickup Truck Market: Introduction According to the report, the global  pickup truck market  is projected to reach  US$ 950 Bn  by  2030,  expanding at a CAGR of ~ 2%  during the forecast period, owing to the increase in affordability for vehicles among consumers and transition of people into middle and upper middle-income groups. The global pickup truck market is mature; however, expansion of small- and medium-scale enterprises coupled with high popularity for pickup trucks in developed countries is still boosting the market worldwide. Expansion of Pickup Truck market The expansion of the automotive industry has boosted the pickup trucks market across the globe. Moreover, rising preference among consumers for pickup trucks instead of a passenger vehicle has been a key factor driving the market. Developed countries, which highly promote do-it-yourself services, witness higher penetration of pickup trucks as compared to other vehicles, as pickup ...