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Expedition Truck Market Size
- Report ID: GMI5574
- Published Date: Apr 2023
- Report Format: PDF
Expedition Truck Market Size
Expedition Truck Market size surpassed USD 200 million in 2022 and is anticipated to expand at 8% CAGR from 2023 to 2032, driven by the rising consumer spending capabilities on camping and tourism activities.
In recent years, there has been a significant consumer preference for road trips from conventional holiday packages. The Camping Industry Statistics for North America 2022 reveals that the annual spending on accessories, camping gear, and trip-related expenses in the region reached USD 167 billion. Bettering economic conditions, including increased GDP and disposable incomes across developed countries will also drive the industry growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Expedition Truck Market Size in 2022: | USD 200 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 8% |
| 2032 Value Projection: | USD 400 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 130 |
| Tables, Charts & Figures: | 413 |
| Segments covered: | Weight, Drive System, Type |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The high costs associated with the capital as well as operations of expedition trucks may pose as a major restraint for the expedition vehicle market expansion. The increasing usage of innovative and high-quality materials to offer reduced vehicle weight along with the customization of interior & exterior features further adds to the overall vehicle cost. The higher expenses associated with the continuous maintenance and replacement of batteries and refilling of gas for power generators will also limit the product espousal to a considerable extent.
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Expedition Truck Market Scope
