Pickup Truck Market by Fuel Type (Diesel, Petrol, Electric, and Other), Vehicle Type (Light-Duty, Heavy-Duty), Application (Individual Use, Commercial Use), and Region 2023-2028

Pickup Truck Market by Fuel Type (Diesel, Petrol, Electric, and Other), Vehicle Type (Light-Duty, Heavy-Duty), Application (Individual Use, Commercial Use), and Region 2023-2028

Market Overview:

The global pickup truck market size reached US$ 202.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 238.6 Billion by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028. The introduction of battery-operated variants, the rising popularity of off-roading events, and the easy availability of rental services represent some of the key factors driving the market.

A pickup truck is a two-axle motorized vehicle equipped with pneumatic tires, an enclosed cabin, and a back end of a cargo bed surrounded by three low walls with no roof. It also has a rear gate that opens outward for easy loading and unloading of products and freight. It is used for towing and hauling carriages and transporting goods. It is easy to maintain and generates higher horsepower, torque, and greater capacity. Besides this, pickup truck is used in warehouses and other distribution centers to transport and deliver goods. Nowadays, key players operating worldwide are launching advanced pickup truck variants that are integrated with automatic transmission, power steering, antilock braking system (ABS), electronic brake-force distribution (EBD), electronic stability program (ESP), cruise control, and alloy wheels.

Pickup Truck Market Trends:

At present, the increasing preference for pickup trucks among individuals on account of rapid urbanization and inflating income levels are facilitating the market growth around the world. Moreover, the rising utilization of pickup trucks for off-roading events and the growing participation in recreational activities and adventure sports is influencing the market positively. In addition, due to the easy availability of pickup truck rental services at tourist places, a significant rise in the travel and tourism industry is contributing to the market growth. Apart from this, key players are introducing electric and battery-operated pickup trucks to reduce their carbon footprints. This, coupled with inflating prices of petrol, rising demand for fuel-efficient and high-performance vehicles, and the growing awareness about the economic and ecological benefits of using electric pickup trucks, is creating a positive outlook for the market. Furthermore, there is an increase in the requirement for the transportation of goods on account of the rising imports and exports worldwide. Besides this, the growing awareness about vehicle safety is catalyzing the demand for vehicles with advanced safety features, which is propelling the growth of the market. Key manufacturers are focusing on installing airbags in pickup trucks to enhance the safety of drivers. Additionally, significant improvements in the automotive industry are expected to provide a favorable outlook to the market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global pickup truck market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on fuel type, vehicle type, and application.

Fuel Type Insights:

Diesel
Petrol
Electric
Other

The report has also provided a detailed breakup and analysis of the pickup truck market based on the fuel type. This includes diesel, petrol, electric, and other. According to the report, diesel represented the largest segment.

Vehicle Type Insights:

Light-Duty
Heavy-Duty

A detailed breakup and analysis of the pickup truck market based on the vehicle type has also been provided in the report. This includes light- and heavy-duty. According to the report, light-duty accounted for the largest market share.

Application Insights:

Individual Use
Commercial Use

A detailed breakup and analysis of the pickup truck market based on the application has also been provided in the report. This includes individual use and commercial use. According to the report, commercial use accounted for the largest market share.

Regional Insights:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, North America was the largest market for pickup trucks. Some of the factors driving the North America pickup truck market included the rising demand for fuel-efficient vehicles, measures undertaken by governing agencies to use electric vehicles (EVs), and the integration of advanced safety features.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global pickup truck market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Ashok Leyland Ltd., Ford Motor Company, General Motors Company, Great Wall Motors, Isuzu Motors Limited, Mahindra & Mahindra Ltd, Mitsubishi Motors Corporation, Tata Motors Limited, Toyota Motor Corporation, Volkswagen AG, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

How has the global pickup truck market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global pickup truck market?
What are the key regional markets?
Which countries represent the most attractive pickup truck markets?
What is the breakup of the market based on the fuel type?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the application?
What is the competitive structure of the global pickup truck market?
Who are the key players/companies in the global pickup truck market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Pickup Truck Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Fuel Type
6.1 Diesel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Petrol
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Electric
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Other
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Vehicle Type
7.1 Light-duty
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Heavy-duty
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Individual Use
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Use
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Ashok Leyland Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Ford Motor Company
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 General Motors Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Great Wall Motors
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Isuzu Motors Limited
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Mahindra & Mahindra Ltd
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Mitsubishi Motors Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Tata Motors Limited
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Toyota Motor Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Volkswagen AG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

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