Global Mini Truck Market 2018-2022

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.