The global Electric Pickup Truck Market report present evidence-based information and covers all the market details such as the latest technology trends, market opportunity analysis, and competitive landscape. The report also covers regional market share, size along with market drivers and restraints for the forecast period of 2019-2025. Further, this research report also delivers information associated with the latest developments by major players with their respective market share in the market.
According to the global Electric Pickup Truck Market report published by Value Market Research, the market is expected to touch USD 255.5 BN by 2025, with a CAGR of 50% growing from valued USD 15 BN (by revenue) in 2018.
The key players in the electric pickup truck market include Ashok Leyland, FCA, Ford, Foton Motor, GM, Great Wall Motors, Isuzu, Jiangling Motors, Mahindra & Mahindra, Mitsubishi, Nissan, Tata Motors, Toyota, Volkswagen, and ZXAUTO.
Growing fuel prices and environmental concern has driven the demand for electrically powered vehicles. Technological advancement and rising adoption of pickup trucks for transportation are fueling the market growth. In addition to these, manufacturers are coming with new models and with advancement features is another factor that propels the demand. However, the high prices of batteries may hamper market growth.
The broad electric pickup truck market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation.
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for electric pickup truck in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.