Global Pickup Truck Market 2024-2028
The pickup truck market is forecasted to grow by USD 102.91 bn during 2023-2028, accelerating at a CAGR of 5.01% during the forecast period. The report on the pickup truck market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased utility of pickup trucks, expanding product portfolio for pickup trucks, and rising penetration of advanced driver assistance features in pickup trucks.
Technavio's pickup truck market is segmented as below:
By Type
- Extended cab and crew cab
- Regular cab
By Product
- Full-size pickup truck
- Small-size and mid-size pickup truck
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increasing incorporation of lighter materials in pickup truck manufacturing as one of the prime reasons driving the pickup truck market growth during the next few years. Also, development of electric pickup trucks and adoption of autonomous technologies in electric pickup trucks will lead to sizable demand in the market.
The report on the pickup truck market covers the following areas:
- Pickup truck market sizing
- Pickup truck market forecast
- Pickup truck market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pickup truck market vendors that include Dr. Ing. h.c. F. Porsche AG, Ford Motor Co., General Electric Co., Honda Motor Co. Ltd., Hyundai Motor Co., Isuzu Motors Ltd., Jiangling Motors Corp. Ltd., KG Mobility, Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., Renault SAS, Rivian Automotive Inc., Stellantis NV, Suzuki Motor Corp., Tata Motors Ltd., Ashok Leyland Ltd., Beijing Automotive Group Co. Ltd., Great Wall Motor Co. Ltd., and Toyota Motor Corp.. Also, the pickup truck market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.