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Global Mini Truck Market 2018-2022

  • Published: Apr 2018
  • Pages: 112
  • SKU: IRTNTR21279
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This industry research report presents a comprehensive analysis of the mini truck market by product (light-duty mini trucks and heavy-duty mini trucks). The report also presents a detailed analysis of the market’s growth prospects across regions such as the Americas, APAC, and EMEA.

Overview of the global mini truck market

Technavio’s market research analysts have identified the increasing adoption of rain sensing wiper system as one of the primary factors that will trigger the growth of the mini truck market in the coming years. Small-scale businesses use mini trucks for cargo transport in urban areas. The requirement of mini trucks depends on the amount of cargo that is required to be transported. In the recent times, it has been observed that software developing companies and vehicle rental companies are working in collaboration and developing applications that can register mini utility truck with each owner through a mobile application. People can rent out vehicles and connect with each other when the vehicle is not in use by using this application. This approach will drive the demand for mini truck and increase the number of the operational truck. Our market research analysts estimate that in terms of units, this market will grow at a CAGR of more than 1% by 2022.

The introduction of electric and hybrid mini trucks is one of the key trends in the mini truck market. The mini truck manufacturers are investing heavily in the development of electric mini trucks owing to the government motivation and rising need for eco-friendly mobility. The demand for the electric mini truck is increasing as they are economical in terms of operational costs as compared with diesel or gasoline-electric trucks.

Companies covered

The mini truck market appears to be concentrated due to the presence of few key vendors. This industry research report offers in-depth analysis of the competitive strategies adopted by the mini truck manufacturers to sustain among the competitors in the market. Technavio’s analysts also study the key market areas along with the product offerings of the vendors in the market.

The report includes an analysis of a number of companies in this marketspace including -

  • Ashok Leyland
  • Dongfeng Motor
  • Honda Motor
  • NISSAN MOTOR
  • Tata Motors
  • Wuling Motor

Segmentation by product and analysis of the mini truck market

  • Light-duty mini trucks
  • Heavy-duty mini trucks

The heavy-duty mini trucks segment accounted for the major share of the market during 2017. However, our analysts have predicted that light-duty mini trucks will gain significant share during the forecast period.

Geographical segmentation and analysis of the mini truck market

  • Americas
  • APAC
  • EMEA

In terms of geography, APAC accounted for the majority of shares in the market during 2017. Rapid development in the emerging countries such as China and India will drive the growth of the market in this region. Moreover, the increased focus of the mini truck manufacturers in developing modernized trucks will also influence the growth of the mini truck market.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2022?
  • What are the key factors driving the global mini truck market?
  • What are the key market trends impacting the growth of the global mini truck market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global mini truck market?
  • What are the market opportunities and threats faced by the vendors in the global mini truck market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global mini truck market?

Technavio also offers customization on reports based on specific client requirement.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market outline
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Comparison by product
  • Light-duty mini trucks – Market size and forecast 2017-2022
  • Heavy-duty mini trucks – Market size and forecast 2017-2022
  • Market opportunity by product

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • APAC – Market size and forecast 2017-2022
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Development of multi-purpose mini trucks
  • Introduction of electric and hybrid mini trucks
  • Use of downsized engines in mini trucks

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Ashok Leyland
  • Dongfeng Motor
  • Honda Motor
  • NISSAN MOTOR
  • Tata Motors
  • Wuling Motor

PART 15: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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