PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1472018
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1472018
Pick-up Trucks Market Size - By Vehicle (Compact, Mid-size, Full-size, Heavy-duty), By Fuel (Gasoline, Diesel, Electric), By Application (Commercial, Industrial), Growth Prospects, Regional Outlook & Global Forecast, 2024 - 2032
Pick-up Trucks Market is estimated to register over 5.5% CAGR between 2024 and 2032, due to the increasing demand for utility vehicles across various sectors like construction, agriculture, and logistics. For instance, in March 2024, Toyo Tire U.S.A. launched the Toyo M655 for commercial light truck tire purposes to provide traction under heavy loads on unimproved roads for energy, mining, construction, agriculture, and forestry use. Additionally, the rising shift towards recreational activities, such as off-roading, camping, and outdoor adventures is boosting the demand for pick-up trucks among adventure enthusiasts and outdoor enthusiasts.
Modern pick-up trucks are equipped with cutting-edge technologies, comfort amenities, and safety features, appealing to a broader demographic beyond traditional commercial users. Moreover, the introduction of hybrid and electric pick-up truck models is addressing the growing concerns for environmental sustainability, attracting environmentally conscious consumers looking for efficient and eco-friendly transportation solutions.
The pick-up trucks industry is classified based on vehicle, fuel, application and region.
In terms of fuel, the market share from the gasoline segment will gain notable traction during 2024-2032, as they offer competitive pricing compared to their diesel counterparts, making them more accessible to a broader range of consumers. Strong advancements have led to improved fuel efficiency and performance for addressing concerns about operating costs and environmental impacts. Furthermore, the availability of gasoline for fueling infrastructure has turned more widespread, especially in urban and suburban areas, facilitating convenience for consumers.
By application, the pick-up trucks market from the industrial segment will witness significant growth in the forecast period, due to multifaceted utility across various industrial sectors. These vehicles serve as indispensable assets for businesses involved in construction, agriculture, mining, and logistics for offering unparalleled versatility, durability, and payload capacity. The strong ability to navigate challenging terrains and transport heavy loads efficiently also makes pick-up trucks indispensable for hauling equipment, materials, and machinery across job sites.
Europe pick-up trucks industry size will witness rapid expansion between 2024-2032. The increasing urbanization and infrastructure development projects are necessitating versatile vehicles capable of navigating diverse terrains and transporting goods efficiently. Stringent emission regulations are incentivizing the adoption of cleaner and more fuel-efficient pick-up trucks, thereby boosting the demand for hybrid and electric models. Moreover, strategic collaborations between automakers and local governments to enhance charging infrastructure and promote sustainable mobility solutions will further accelerate the regional market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360-degree synopsis, 2018-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier Landscape
- 3.2.1 Raw material providers
- 3.2.2 Component providers
- 3.2.3 Manufactures
- 3.2.4 Distributotrs
- 3.2.5 End-user
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising demand for transportation and distribution of goods
- 3.8.1.2 Growing technology advancements in pick-up trucks
- 3.8.1.3 Increasing demand for electric pick-up trucks
- 3.8.1.4 Rise in adoption of pick-up trucks in industrial sector
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial purchase price
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Vehicle, 2018-2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Compact
- 5.2.1 Gasoline
- 5.2.2 Diesel
- 5.2.3 Electric
- 5.3 Mid-size
- 5.3.1 Gasoline
- 5.3.2 Diesel
- 5.3.3 Electric
- 5.4 Full-size
- 5.4.1 Gasoline
- 5.4.2 Diesel
- 5.4.3 Electric
- 5.5 Heavy-duty
- 5.5.1 Gasoline
- 5.5.2 Diesel
- 5.5.3 Electric
Chapter 6 Market Estimates & Forecast, By Fuel, 2018-2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Gasoline
- 6.3 Diesel
- 6.4 Electric
Chapter 7 Market Estimates & Forecast, By Application, 2018-2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Commercial
- 7.3 Industrial
Chapter 8 Market Estimates & Forecast, By Region, 2018-2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Nordics
- 8.3.8 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Southeast Asia
- 8.4.7 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Ashok Leyland
- 9.2 Changan Automobile Co., Ltd.
- 9.3 China FAW Group Corp., Ltd.
- 9.4 Dongfeng Motor Corporation
- 9.5 Fiat Toro
- 9.6 Ford Motor Company
- 9.7 General Motors
- 9.8 Great Wall Motors
- 9.9 Honda Motor Co., Ltd.
- 9.10 Hyundai Motor Company
- 9.11 Isuzu Motors Ltd.
- 9.12 Mahindra & Mahindra
- 9.13 Mercedes-Benz Group
- 9.14 Mitsubishi Motors
- 9.15 Nissan Motor Co. Ltd.
- 9.16 Ram Trucks
- 9.17 Renault Group
- 9.18 SAIC Maxus Automotive Co., Ltd
- 9.19 Toyota Motor Corporation
- 9.20 Volkswagen Group
