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Expedition Truck Market Analysis

  • Report ID: GMI5574
  • Published Date: Apr 2023
  • Report Format: PDF

Expedition Truck Market Analysis

The below 3.5 tonne expedition truck market is set to cross USD 200 million by 2032. The introduction of favorable government policies across various countries, including the Tourism Policy Council (TPC) in the U.S.  has led to the proliferated demand for tourism in the country. Moreover, the surging prominence of luxurious trucks with comfortable and compact interiors as well as technologically advanced appliances, such as LED TVs, home theaters, and cooking tops, is further propelling the product demand.

Global Expedition Truck Revenue Share, By Drive System

4WD expedition truck market valuation exceeded USD 130 million in 2022 on account of the growing number of active campers. 4WD drive systems offer enhanced traction and simplified control in dangerous driving conditions, including snow, ice, rocks, and other scenarios. The commercial usage of expedition trucks, such as renting for consumers and using for taking tourists from one destination to another is fueling the market statistics.

North America Expedition Truck Market

North America expedition truck market is poised to observe 8% growth between 2023 and 2032. The surge in technological advancements have influenced the growing investments for expedition vehicles in the region. The rising per-capita incomes along with the lower consumer debt have led to the higher spending on high-end expedition trucks, further influencing the industry outlook. As per the U.S. Bureau of Economic Analysis, the GDP in the U.S. surged by 2.9% during the third quarter of 2022.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of expedition truck exceeded USD 200 million in 2022 and will expand at 8% CAGR from 2023 to 2032 due to the increasing consumer spending capabilities on camping and tourism activities.

4WD expedition truck industry surpassed USD 130 million in 2022 on account of the growing number of active campers.

North America expedition truck industry is poised to attain 8% gains between 2023 and 2032 owing to the surge in investments for expedition vehicles in the region.

27North INC., ACTION MOBIL GmbH, All Terrain Expedition Camper Trucks, Bliss Mobil, Boxmanufaktur, Bozcrome Industries PTY Ltd. (SLRV Expedition Vehicles), Expedition Vehicles VAK, and Gekkotruck are some of the leading manufacturers of expedition trucks.

Expedition Truck Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 413
  • Countries covered: 16
  • Pages: 130
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