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The pickup truck market in the US is forecasted to grow by USD 49.4 billion during 2023-2028, accelerating at a CAGR of 4.6% during the forecast period. The report on the pickup truck market in the US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased utility of pickup trucks, increasing product portfolio for pickup trucks, and increasing penetration of advanced driver assistance features in pickup trucks in the US.
The pickup truck market in the US is segmented as below:
By Product
- Full-size pickup truck
- Small-size and mid-size pickup truck
By Type
- Extended cab and crew cab
- Regular cab
By Geographical Landscape
- North America
This study identifies the increasing incorporation of lighter materials in pickup truck manufacturing as one of the prime reasons driving the pickup truck market in the US growth during the next few years. Also, development of electric pickup trucks and adoption of autonomous technologies in electric pickup trucks will lead to sizable demand in the market.
The report on the pickup truck market in the US covers the following areas:
- Pickup truck market in the US sizing
- Pickup truck market in the US forecast
- Pickup truck market in the US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pickup truck market in the US vendors that include Ford Motor Co., General Electric Co., Honda Motor Co. Ltd., Hyundai Motor Co., Isuzu Motors Ltd., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Rivian Automotive LLC, Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG. Also, the pickup truck market in the US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
Executive Summary
The following companies are recognized as the key players in the pickup truck market in US: Ford Motor Co., General Electric Co., Honda Motor Co. Ltd., Hyundai Motor Co., Isuzu Motors Ltd., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Rivian Automotive LLC, Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing incorporation of lighter materials in pickup truck manufacturing."
According to the report, one of the major drivers for this market is the increased utility of pickup trucks.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ford Motor Co.
- General Electric Co.
- Honda Motor Co. Ltd.
- Hyundai Motor Co.
- Isuzu Motors Ltd.
- Mitsubishi Motors Corp.
- Nissan Motor Co. Ltd.
- Rivian Automotive LLC
- Stellantis NV
- Tesla Inc.
- Toyota Motor Corp.
- Volkswagen AG
