Global Pickup Truck Market In US 2024-2028
The pickup truck market in us is forecasted to grow by USD 49.4 bn during 2023-2028, accelerating at a CAGR of 4.6% during the forecast period. The report on the pickup truck market in us 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, increasing product portfolio for pickup trucks, and increasing penetration of advanced driver assistance features in pickup trucks in us.
Technavio's pickup truck market in us is segmented as below:
By Product
- Full-size pickup truck
- Small-size and mid-size pickup truck
By Type
- Extended cab and crew cab
- Regular cab
By Geographical Landscape
This study identifies the increasing incorporation of lighter materials in pickup truck manufacturing as one of the prime reasons driving the pickup truck market in us 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 in us covers the following areas:
- Pickup truck market in us sizing
- Pickup truck market in us forecast
- Pickup truck market in us 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 in us vendors that include Ford Motor Co., General Electric Co., Honda Motor Co. Ltd., Hyundai Motor Co., Isuzu Motors Ltd., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Rivian Automotive LLC, Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG. Also, the pickup truck market in us 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.