Pickup Truck Market
Pickup Truck Market Forecasts to 2028 – Global Analysis By Truck Type, Propulsion Type, Transmission Type, Power Output, Application, Sales Channel, End User and By Geography
According to Stratistics MRC, the Global Pickup Truck Market is accounted for $16,556.00 million in 2020 and is expected to reach $22,832.91 million by 2028 growing at a CAGR of 4.1% during the forecast period. Increasing customer demand of fuel-efficient vehicles, rising urbanization and increasing popularity of online shopping are driving the market growth. However, strict regulations for recreational and commercial pickup trucks is hampering the growth of the market.
A pickup truck is a kind of a light-duty vehicle consisting of an open cargo area and an enclosed cab with a hatchback. It can either be compact or of full-size. Pickup trucks are usually used as good carriers, but they also find their usage in personal transport.
Based on the truck type, the medium size pickups segment is going to have lucrative growth during the forecast period. Medium pickup trucks are trendy worldwide for their versatility. These pickup trucks generate high power, which is suitable for various operating conditions. In addition to this, medium pickup trucks come with a flexible price range. Hence, they are highly adopted in emerging economies and developed countries.
By geography, North America is going to have high growth during the forecast period owing to large production of trucks and greater preference for pickup trucks in the region. The market is directly influenced by expansion of small- and medium-scale enterprises in the region.
Some of the key players profiled in the Pickup Truck Market include Ashok Leyland, FCA, Ford, Foton Motor, GM, Great Wall Motors, Isuzu, Jiangling Motors, Mahindra & Mahindra, Mitsubishi, Nissan, Tata Motors, Toyota, Volkswagen and ZXAUTO.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 16,556.00 million |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
4.1% |
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Predicted 2028 Value: |
USD 22,832.91 million |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
210 |
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Chapters Covered: |
Truck Type, Propulsion Type, Transmission Type, Power Output, Application, Sales Channel, End User and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Truck Types Covered:
• Small Size/Compact Pickups
• Medium Size Pickups
• Full Size Pickups
• Heavy-duty Pickups
Propulsion Types Covered:
• Internal Combustion Engine (ICE)
• Electric
• Hybrid
Transmission Types Covered:
• Automatic Transmission
• Semi-Automatic Transmission
• Manual Transmission
Power Outputs Covered:
• 250–400 HP
• 401–550 HP
• >550 HP
Applications Covered:
• Individual Use
• Commercial Use
Sales Channels Covered:
• Direct Channel
• Distribution Channel
End Users Covered:
• Fire Services
• Law Enforcement
• Passenger Transport
• Pickup Truck Racing
• Military
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Pickup Truck Market is majorly driven by increasing customer demand of fuel-efficient vehicles, rising urbanization and increasing popularity of online shopping.
The medium size pickups segment is growing at a highest CAGR owing to flexible price range which is the reason for being highly adopted among emerging countries.
North America dominated with a significant market share due to the factors such as large production of trucks and greater preference for pickup trucks in the region.
Europe market is growing at a highest CAGR owing to the large presence of automotive industry in Germany, UK and other European countries.
Key players in Pickup Truck Market include Ashok Leyland, FCA, Ford, Foton Motor, GM, Great Wall Motors, Isuzu, Jiangling Motors, Mahindra & Mahindra, Mitsubishi, Nissan, Tata Motors, Toyota, Volkswagen and ZXAUTO.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Pickup Truck Market, By Truck Type
5.1 Introduction
5.2 Small Size/Compact Pickups
5.3 Medium Size Pickups
5.4 Full Size Pickups
5.5 Heavy-duty Pickups
6 Global Pickup Truck Market, By Propulsion Type
6.1 Introduction
6.2 Internal Combustion Engine (ICE)
6.2.1 Diesel
6.2.2 Petrol/Gasoline
6.3 Electric
6.4 Hybrid
7 Global Pickup Truck Market, By Transmission Type
7.1 Introduction
7.2 Automatic Transmission
7.3 Semi-Automatic Transmission
7.4 Manual Transmission
8 Global Pickup Truck Market, By Power Output
8.1 Introduction
8.2 250–400 HP
8.3 401–550 HP
8.4 >550 HP
9 Global Pickup Truck Market, By Application
9.1 Introduction
9.2 Individual Use
9.3 Commercial Use
10 Global Pickup Truck Market, By Sales Channel
10.1 Introduction
10.2 Direct Channel
10.3 Distribution Channel
11 Global Pickup Truck Market, By End User
11.1 Introduction
11.2 Fire Services
11.3 Law Enforcement
11.4 Passenger Transport
11.5 Pickup Truck Racing
11.6 Military
12 Global Pickup Truck Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Ashok Leyland
14.2 FCA
14.3 Ford
14.4 Foton Motor
14.5 GM
14.6 Great Wall Motors
14.7 Isuzu
14.8 Jiangling Motors
14.9 Mahindra & Mahindra
14.10 Mitsubishi
14.11 Nissan
14.12 Tata Motors
14.13 Toyota
14.14 Volkswagen
14.15 ZXAUTO
List of Tables
1 Global Pickup Truck Market Outlook, By Region (2019-2028) (US $MN)
2 Global Pickup Truck Market Outlook, By Truck Type (2019-2028) (US $MN)
3 Global Pickup Truck Market Outlook, By Small Size/Compact Pickups (2019-2028) (US $MN)
4 Global Pickup Truck Market Outlook, By Medium Size Pickups (2019-2028) (US $MN)
5 Global Pickup Truck Market Outlook, By Full Size Pickups (2019-2028) (US $MN)
6 Global Pickup Truck Market Outlook, By Heavy-duty Pickups (2019-2028) (US $MN)
7 Global Pickup Truck Market Outlook, By Propulsion Type (2019-2028) (US $MN)
8 Global Pickup Truck Market Outlook, By Internal Combustion Engine (ICE) (2019-2028) (US $MN)
9 Global Pickup Truck Market Outlook, By Diesel (2019-2028) (US $MN)
10 Global Pickup Truck Market Outlook, By Petrol/Gasoline (2019-2028) (US $MN)
11 Global Pickup Truck Market Outlook, By Electric (2019-2028) (US $MN)
12 Global Pickup Truck Market Outlook, By Hybrid (2019-2028) (US $MN)
13 Global Pickup Truck Market Outlook, By Transmission Type (2019-2028) (US $MN)
14 Global Pickup Truck Market Outlook, By Automatic Transmission (2019-2028) (US $MN)
15 Global Pickup Truck Market Outlook, By Semi-Automatic Transmission (2019-2028) (US $MN)
16 Global Pickup Truck Market Outlook, By Manual Transmission (2019-2028) (US $MN)
17 Global Pickup Truck Market Outlook, By Power Output (2019-2028) (US $MN)
18 Global Pickup Truck Market Outlook, By 250–400 HP (2019-2028) (US $MN)
19 Global Pickup Truck Market Outlook, By 401–550 HP (2019-2028) (US $MN)
20 Global Pickup Truck Market Outlook, By >550 HP (2019-2028) (US $MN)
21 Global Pickup Truck Market Outlook, By Application (2019-2028) (US $MN)
22 Global Pickup Truck Market Outlook, By Individual Use (2019-2028) (US $MN)
23 Global Pickup Truck Market Outlook, By Commercial Use (2019-2028) (US $MN)
24 Global Pickup Truck Market Outlook, By Sales Channel (2019-2028) (US $MN)
25 Global Pickup Truck Market Outlook, By Direct Channel (2019-2028) (US $MN)
26 Global Pickup Truck Market Outlook, By Distribution Channel (2019-2028) (US $MN)
27 Global Pickup Truck Market Outlook, By End User (2019-2028) (US $MN)
28 Global Pickup Truck Market Outlook, By Fire Services (2019-2028) (US $MN)
29 Global Pickup Truck Market Outlook, By Law Enforcement (2019-2028) (US $MN)
30 Global Pickup Truck Market Outlook, By Passenger Transport (2019-2028) (US $MN)
31 Global Pickup Truck Market Outlook, By Pickup Truck Racing (2019-2028) (US $MN)
32 Global Pickup Truck Market Outlook, By Military (2019-2028) (US $MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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