The global Pickup Truck market size was valued at US$ 173,590 million in 2023. With growing demand in the downstream market, pickup trucks are expected to see continued expansion,
If you purchase this report now and we update it in next 100 days, get it free!
Introduction
A Pickup Truck is a light duty truck having an enclosed cab and an open cargo area with low sides and tailgate. It came from US, possessing the comfortable feeling like passenger car. Also, having strong power, pickup truck can carry more and adapt to the rough road.
Market Insights
According to the Publishers’ latest study, the global Pickup Truck market size was valued at US$ 173590 million in 2023. With growing demand in downstream market, the Pickup Truck is forecast to a readjusted size of US$ 218170 million by 2030 with a CAGR of 3.3% during review period.
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
The major players in global Pickup Truck market include Ford, GM, Toyota, etc. The top 3 players hold over 60% of global market shares. North America and Southeast Asia are main markets, they occupy over 70% of the global market. Full-Size Pickups is the main type, with a share about 80%. Individual Use is the key application, which hold over 80% shares.
Key Features:
The report on Pickup Truck market reflects various aspects and provide valuable insights into the industry.
Trends:
The global pickup truck market is witnessing a shift towards larger, more powerful, and more technologically advanced pickup trucks, driven by consumer preferences and demand for enhanced capabilities.
There is an increasing emphasis on fuel efficiency and environmental sustainability, with automakers investing in the development of alternative-fuel and hybrid pickup truck models to meet evolving regulatory requirements and consumer preferences.
The integration of advanced driver assistance systems (ADAS), connectivity features, and infotainment systems in pickup trucks is becoming more prevalent, as consumers demand more advanced technologies and connectivity in their vehicles.
The demand for premium and luxury pickup truck models, equipped with high-end materials, finishes, and features, is rising as consumers seek more premium and personalized transportation solutions.
The global shift towards urbanization and the increasing use of pickup trucks for both work and personal transportation is driving the need for more maneuverable and city-friendly pickup truck designs.
Drivers:
The strong demand for robust, versatile, and capable vehicles for commercial, recreational, and personal use is a key driver of the global pickup truck market.
The growing popularity of pickup trucks for both work and leisure activities, such as towing, hauling, and off-road adventures, is contributing to the sustained demand for these vehicles.
The increasing trend towards larger and more powerful pickup trucks, driven by consumer preferences for enhanced capabilities and performance, is fueling market growth.
The rising demand for pickup trucks in emerging markets, particularly in developing economies, where the vehicles are often used for commercial and agricultural applications, is driving global market expansion.
The growing adoption of alternative-fuel and hybrid pickup truck models, driven by the need for improved fuel efficiency and environmental sustainability, is creating new growth opportunities in the market.
Opportunities:
The continued development and adoption of alternative-fuel and hybrid pickup truck models, driven by regulatory pressure and consumer demand for more environmentally friendly vehicles, can provide significant growth opportunities.
The increasing focus on urban mobility and the need for more maneuverable and city-friendly pickup truck designs can open up new market segments and applications for these vehicles.
The growing demand for premium and luxury pickup truck models, equipped with high-end materials, features, and customization options, can enable automakers to capture a larger share of the premium market and enhance their profit margins.
The expansion of the pickup truck market in emerging economies, where these vehicles are often used for commercial, agricultural, and personal transportation, can provide significant growth potential.
The integration of advanced technologies, such as ADAS, connectivity features, and infotainment systems, can differentiate pickup trucks from their competition and appeal to a broader range of consumers.
The increasing popularity of crew cab and extended cab configurations can lead to the development of more versatile and family-oriented pickup truck models, expanding the addressable market.
Threats:
The highly competitive nature of the global pickup truck market, with well-established automakers and new entrants vying for market share, can lead to pricing pressures and erode profit margins.
The transition towards alternative-fuel and hybrid technologies can pose challenges for traditional internal combustion engine-powered pickup trucks, as automakers need to invest heavily in research and development to stay competitive.
Changing regulatory environments, including stricter emissions standards and fuel efficiency requirements, can create challenges for automakers in developing and marketing pickup truck models that meet these evolving regulations.
The increasing preference for urban mobility and the need for more maneuverable and city-friendly pickup truck designs can create challenges for traditional, larger pickup truck models, which may be less suitable for urban environments.
The rising concerns about sustainability and environmental impact can lead to increased scrutiny and pressure on the pickup truck segment, particularly for traditional internal combustion engine-powered models, which may face challenges in meeting evolving consumer and regulatory requirements.
Make this report your own
Have queries/questions regarding a report
Take advantage of intelligence tailored to your business objective
Manmayi Raval
Research Consultant
Market Size and Growth: The research report provides an overview of the current size and growth of the Pickup Truck market. It may include historical data, market segmentation by Type (e.g., Full-Size Pickups, Small/Midsize Pickups), and regional breakdowns.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Pickup Truck market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Pickup Truck market. It includes factors influencing customer ' purchasing decisions, preferences for Pickup Truck product.
Don’t pay for what you don’t need. Save 30%
Customise your report by selecting specific countries or regions
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Pickup Truck market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Pickup Truck market. The report also evaluates the effectiveness of these policies in driving market growth.
Market Forecasts and Future Outlook: The global pickup truck market is poised for continued growth, driven by the sustained demand for robust, versatile, and capable vehicles, as well as the increasing adoption of alternative-fuel and hybrid technologies, advanced features, and premium offerings.
Market Segmentation:
Pickup Truck market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Full-Size Pickups
Small/Midsize Pickups
Other
Segmentation by application
Individual Use
Commercial Use
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ford
GM
Toyota
FCA
Isuzu
Nissan
Mitsubishi
Mahindra & Mahindra
Volkswagen
Great Wall Motors
Jiangling Motors
ZXAUTO
Tata Motors
Ashok Leyland
Foton Motor
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Pickup Truck Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Pickup Truck by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Pickup Truck by Country/Region, 2019, 2023 & 2030
2.2 Pickup Truck Segment by Type
2.2.1 Full-Size Pickups
2.2.2 Small/Midsize Pickups
2.2.3 Other
2.3 Pickup Truck Sales by Type
2.3.1 Global Pickup Truck Sales Market Share by Type (2019-2024)
2.3.2 Global Pickup Truck Revenue and Market Share by Type (2019-2024)
2.3.3 Global Pickup Truck Sale Price by Type (2019-2024)
2.4 Pickup Truck Segment by Application
2.4.1 Individual Use
2.4.2 Commercial Use
2.5 Pickup Truck Sales by Application
2.5.1 Global Pickup Truck Sale Market Share by Application (2019-2024)
2.5.2 Global Pickup Truck Revenue and Market Share by Application (2019-2024)
2.5.3 Global Pickup Truck Sale Price by Application (2019-2024)
3 Global Pickup Truck by Company
3.1 Global Pickup Truck Breakdown Data by Company
3.1.1 Global Pickup Truck Annual Sales by Company (2019-2024)
3.1.2 Global Pickup Truck Sales Market Share by Company (2019-2024)
3.2 Global Pickup Truck Annual Revenue by Company (2019-2024)
3.2.1 Global Pickup Truck Revenue by Company (2019-2024)
3.2.2 Global Pickup Truck Revenue Market Share by Company (2019-2024)
3.3 Global Pickup Truck Sale Price by Company
3.4 Key Manufacturers Pickup Truck Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Pickup Truck Product Location Distribution
3.4.2 Players Pickup Truck Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Pickup Truck by Geographic Region
4.1 World Historic Pickup Truck Market Size by Geographic Region (2019-2024)
4.1.1 Global Pickup Truck Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Pickup Truck Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Pickup Truck Market Size by Country/Region (2019-2024)
4.2.1 Global Pickup Truck Annual Sales by Country/Region (2019-2024)
4.2.2 Global Pickup Truck Annual Revenue by Country/Region (2019-2024)
4.3 Americas Pickup Truck Sales Growth
4.4 APAC Pickup Truck Sales Growth
4.5 Europe Pickup Truck Sales Growth
4.6 Middle East & Africa Pickup Truck Sales Growth
5 Americas
5.1 Americas Pickup Truck Sales by Country
5.1.1 Americas Pickup Truck Sales by Country (2019-2024)
5.1.2 Americas Pickup Truck Revenue by Country (2019-2024)
5.2 Americas Pickup Truck Sales by Type
5.3 Americas Pickup Truck Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Pickup Truck Sales by Region
6.1.1 APAC Pickup Truck Sales by Region (2019-2024)
6.1.2 APAC Pickup Truck Revenue by Region (2019-2024)
6.2 APAC Pickup Truck Sales by Type
6.3 APAC Pickup Truck Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Pickup Truck by Country
7.1.1 Europe Pickup Truck Sales by Country (2019-2024)
7.1.2 Europe Pickup Truck Revenue by Country (2019-2024)
7.2 Europe Pickup Truck Sales by Type
7.3 Europe Pickup Truck Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Pickup Truck by Country
8.1.1 Middle East & Africa Pickup Truck Sales by Country (2019-2024)
8.1.2 Middle East & Africa Pickup Truck Revenue by Country (2019-2024)
8.2 Middle East & Africa Pickup Truck Sales by Type
8.3 Middle East & Africa Pickup Truck Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Pickup Truck
10.3 Manufacturing Process Analysis of Pickup Truck
10.4 Industry Chain Structure of Pickup Truck
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Pickup Truck Distributors
11.3 Pickup Truck Customer
12 World Forecast Review for Pickup Truck by Geographic Region
12.1 Global Pickup Truck Market Size Forecast by Region
12.1.1 Global Pickup Truck Forecast by Region (2025-2030)
12.1.2 Global Pickup Truck Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Pickup Truck Forecast by Type
12.7 Global Pickup Truck Forecast by Application
13 Key Players Analysis
13.1 Ford
13.1.1 Ford Company Information
13.1.2 Ford Pickup Truck Product Portfolios and Specifications
13.1.3 Ford Pickup Truck Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Ford Main Business Overview
13.1.5 Ford Latest Developments
13.2 GM
13.2.1 GM Company Information
13.2.2 GM Pickup Truck Product Portfolios and Specifications
One individual can access, store, display, or archive the report in Excel format but cannot print, copy, or share it. Use is confidential and internal only. Read More
Coupon Code : AUTO20
One individual can access, store, display, or archive the report in PDF format but cannot print, copy, or share it. Use is confidential and internal only. Read More
Coupon Code : AUTO20
Up to 10 employees in one region can store, display, duplicate, and archive the report for internal use. Use is confidential and printable. Read More
Coupon Code : AUTO20
All employees globally can access, print, copy, and cite data externally (with attribution to Bonafide Research). Read More