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Global Pickup Truck Market Size study & Forecast, by Truck Type (Small Size, Mid Size, Full Size), by Propulsion Type (Diesel, Gasoline, Hybrid, Electric), by Component (Drivetrain, Interior Body, Electrical & Electronics, Chassis) and Regional Analysis, 2023-2030

January 2024 | 200 pages | ID: G8F46E4E9CB1EN
Bizwit Research & Consulting LLP

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Global Pickup Truck Market is valued at approximately USD 199.23 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.3% during the forecast period 2023-2030. A pickup truck is a robust and adaptable motor vehicle crafted mainly for transporting cargo in an exposed bed positioned at the vehicle's rear. Merging the features of a passenger car with the practicality of a truck, pickup trucks are a ubiquitous presence on roads and play a crucial role in diverse industries and individual lifestyles. Recognized by their unique cab-and-bed layout, these trucks come in various sizes, ranging from compact to full-size, to accommodate diverse requirements. Many pickup trucks are equipped with towing capabilities, enabling them to haul trailers, boats, or other vehicles, thereby augmenting their overall utility. The Pickup Truck Market is expanding because of factors such as increasing spending on passenger vehicles, expanding construction and infrastructure sectors and growing use of trucks in the e-commerce sector.

Growth in the construction and infrastructure sectors often leads to an increased demand for pickup trucks. These vehicles are favored for their ability to transport tools, equipment, and materials to job sites efficiently. According to Statista, the worldwide Construction industry spending in the year 2019, stood at USD 12 trillion which increased to USD 12.9 trillion in the year 2021 and it is projected to reach USD 19.2 trillion by the year 2035. Thus, rising spending in the construction industry indicates that there has been a rise in the number of construction projects, resulting in market growth. In addition, the integration of advanced technologies in pickup trucks and increasing demand for utility vehicles is creating new opportunities to the market. However, the high cost of Pickup Truck stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Pickup Truck Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to sustained and growing demand for utility vehicles, pickup trucks, with their versatility and practicality.. Additionally, expanding commercial applications beyond traditional sectors, such as construction and agriculture, are contributing to increased sales. The rise of e-commerce and the need for efficient last-mile delivery solutions further boost the demand for pickup trucks in logistics and transportation. The emergence of electric pickup trucks, coupled with a broader emphasis on sustainability, is attracting environmentally conscious consumers. Asia Pacific is expected to grow at the fastest rate over the forecast period, owing to factors such as rising urbanization and economic development in many countries across the region. As disposable incomes rise, there is a growing demand for versatile vehicles that cater to both personal and commercial needs, making pickup trucks an appealing choice. The expanding construction and infrastructure sectors in countries such as China, India, and Southeast Asian nations have boosted the demand for rugged and utilitarian vehicles for transporting goods and equipment resulting in market growth.

Major market player included in this report are:

Stellantis N.V.

Ford Motor Company

Toyota Motor Corp.

Nissan Motor Co. Ltd.

Volkswagen Group

Tata Motors Ltd.

Ashok Leyland Ltd.

General Motors Company

Hyundai Motor Company

Suzuki Motor Corp.

Recent Developments in the Market:
  • In July 2023, Mitsubishi Motors Corporation introduced the All-New Triton One-ton Pickup Truck, showcasing a commitment to delivering durability and reliability. The vehicle is equipped with a newly developed engine that not only achieves higher output and also enhances environmental performance, embodying Mitsubishi's dedication to innovation and sustainable driving solutions.
  • In March 2023, Great Wall Motors unveiled its latest global pickup model, the POER KINGKONG. This impressive vehicle boasts a sleek and dynamic design, powered by a robust 2.0T engine paired with a dependable 6-speed manual transmission. The POER KINGKONG exemplifies GWM PICKUP's enduring toughness and versatile performance, offering a compelling combination of style and functionality.
Global Pickup Truck Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Truck Type, Propulsion Type, Component, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Truck Type:

Small Size

Mid Size

Full Size

By Propulsion Type:

Diesel

Gasoline

Hybrid

Electric

By Component:

Drivetrain

Interior Body

Electrical & Electronics

Chassis

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Pickup Truck Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Pickup Truck Market, by Truck Type, 2020-2030 (USD Billion)
  1.2.3. Pickup Truck Market, by Propulsion Type, 2020-2030 (USD Billion)
  1.2.4. Pickup Truck Market, by Component, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL PICKUP TRUCK MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL PICKUP TRUCK MARKET DYNAMICS

3.1. Pickup Truck Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing spending on passenger vehicles
    3.1.1.2. Expanding construction and infrastructure sectors
    3.1.1.3. Growing use of trucks in e-commerce sector
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Pickup Truck
  3.1.3. Market Opportunities
    3.1.3.1. Integration of advanced technologies in pickup trucks
    3.1.3.2. Innovation in Electric Pickup Trucks

CHAPTER 4. GLOBAL PICKUP TRUCK MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL PICKUP TRUCK MARKET, BY TRUCK TYPE

5.1. Market Snapshot
5.2. Global Pickup Truck Market by Truck Type, Performance - Potential Analysis
5.3. Global Pickup Truck Market Estimates & Forecasts by Truck Type 2020-2030 (USD Billion)
5.4. Pickup Truck Market, Sub Segment Analysis
  5.4.1. Small Size
  5.4.2. Mid Size
  5.4.3. Full Size

CHAPTER 6. GLOBAL PICKUP TRUCK MARKET, BY PROPULSION TYPE

6.1. Market Snapshot
6.2. Global Pickup Truck Market by Propulsion Type, Performance - Potential Analysis
6.3. Global Pickup Truck Market Estimates & Forecasts by Propulsion Type 2020-2030 (USD Billion)
6.4. Pickup Truck Market, Sub Segment Analysis
  6.4.1. Diesel
  6.4.2. Gasoline
  6.4.3. Hybrid
  6.4.4. Electric

CHAPTER 7. GLOBAL PICKUP TRUCK MARKET, BY COMPONENT

7.1. Market Snapshot
7.2. Global Pickup Truck Market by Component, Performance - Potential Analysis
7.3. Global Pickup Truck Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
7.4. Pickup Truck Market, Sub Segment Analysis
  7.4.1. Drivetrain
  7.4.2. Interior Body
  7.4.3. Electrical & Electronics
  7.4.4. Chassis

CHAPTER 8. GLOBAL PICKUP TRUCK MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Pickup Truck Market, Regional Market Snapshot
8.4. North America Pickup Truck Market
  8.4.1. U.S. Pickup Truck Market
    8.4.1.1. Truck Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Propulsion Type breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Component breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Pickup Truck Market
8.5. Europe Pickup Truck Market Snapshot
  8.5.1. U.K. Pickup Truck Market
  8.5.2. Germany Pickup Truck Market
  8.5.3. France Pickup Truck Market
  8.5.4. Spain Pickup Truck Market
  8.5.5. Italy Pickup Truck Market
  8.5.6. Rest of Europe Pickup Truck Market
8.6. Asia-Pacific Pickup Truck Market Snapshot
  8.6.1. China Pickup Truck Market
  8.6.2. India Pickup Truck Market
  8.6.3. Japan Pickup Truck Market
  8.6.4. Australia Pickup Truck Market
  8.6.5. South Korea Pickup Truck Market
  8.6.6. Rest of Asia Pacific Pickup Truck Market
8.7. Latin America Pickup Truck Market Snapshot
  8.7.1. Brazil Pickup Truck Market
  8.7.2. Mexico Pickup Truck Market
8.8. Middle East & Africa Pickup Truck Market
  8.8.1. Saudi Arabia Pickup Truck Market
  8.8.2. South Africa Pickup Truck Market
  8.8.3. Rest of Middle East & Africa Pickup Truck Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Stellantis N.V.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Ford Motor Company
  9.3.3. Toyota Motor Corp.
  9.3.4. Nissan Motor Co. Ltd.
  9.3.5. Volkswagen Group
  9.3.6. Tata Motors Ltd.
  9.3.7. Ashok Leyland Ltd.
  9.3.8. General Motors Company
  9.3.9. Hyundai Motor Company
  9.3.10. Suzuki Motor Corp.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Pickup Truck Market, report scope
TABLE 2. Global Pickup Truck Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Pickup Truck Market estimates & forecasts by Truck Type 2020-2030 (USD Billion)
TABLE 4. Global Pickup Truck Market estimates & forecasts by Propulsion Type 2020-2030 (USD Billion)
TABLE 5. Global Pickup Truck Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 6. Global Pickup Truck Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Pickup Truck Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Pickup Truck Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Pickup Truck Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Pickup Truck Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Pickup Truck Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Pickup Truck Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Pickup Truck Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Pickup Truck Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Pickup Truck Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Pickup Truck Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Pickup Truck Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Pickup Truck Market
TABLE 71. List of primary sources, used in the study of global Pickup Truck Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Pickup Truck Market, research methodology
FIG 2. Global Pickup Truck Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Pickup Truck Market, key trends 2022
FIG 5. Global Pickup Truck Market, growth prospects 2023-2030
FIG 6. Global Pickup Truck Market, porters 5 force model
FIG 7. Global Pickup Truck Market, pest analysis
FIG 8. Global Pickup Truck Market, value chain analysis
FIG 9. Global Pickup Truck Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Pickup Truck Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Pickup Truck Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Pickup Truck Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Pickup Truck Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Pickup Truck Market, regional snapshot 2020 & 2030
FIG 15. North America Pickup Truck Market 2020 & 2030 (USD Billion)
FIG 16. Europe Pickup Truck Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Pickup Truck Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Pickup Truck Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Pickup Truck Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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