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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

March 2023 | 143 pages | ID: PA24A7B56139EN
IMARC Group

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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.

LIST OF TABLES

Table 1: Global: Pickup Truck Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Pickup Truck Market Forecast: Breakup by Fuel Type (in Million US$), 2023-2028
Table 3: Global: Pickup Truck Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 4: Global: Pickup Truck Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Pickup Truck Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Pickup Truck Market: Competitive Structure
Table 7: Global: Pickup Truck Market: Key Players

LIST OF FIGURES

Figure 1: Global: Pickup Truck Market: Major Drivers and Challenges
Figure 2: Global: Pickup Truck Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Pickup Truck Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Pickup Truck Market: Breakup by Fuel Type (in %), 2022
Figure 5: Global: Pickup Truck Market: Breakup by Vehicle Type (in %), 2022
Figure 6: Global: Pickup Truck Market: Breakup by Application (in %), 2022
Figure 7: Global: Pickup Truck Market: Breakup by Region (in %), 2022
Figure 8: Global: Pickup Truck (Diesel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Pickup Truck (Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Pickup Truck (Petrol) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Pickup Truck (Petrol) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Pickup Truck (Electric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Pickup Truck (Electric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Pickup Truck (Other Fuel Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Pickup Truck (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Pickup Truck (Light-duty) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Pickup Truck (Light-duty) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Pickup Truck (Heavy-duty) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Pickup Truck (Heavy-duty) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Pickup Truck (Individual Use) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Pickup Truck (Individual Use) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Pickup Truck (Commercial Use) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Pickup Truck (Commercial Use) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia-Pacific: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia-Pacific: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Pickup Truck Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Pickup Truck Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Pickup Truck Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Pickup Truck Industry: Drivers, Restraints, and Opportunities
Figure 74: Global: Pickup Truck Industry: Value Chain Analysis
Figure 75: Global: Pickup Truck Industry: Porter's Five Forces Analysis


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