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Pickup Truck Market in US 2023-2027

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    Report

  • 128 Pages
  • September 2023
  • Region: United States
  • TechNavio
  • ID: 5879426
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The pickup truck market in US is forecasted to grow by USD 51.05 bn during 2022-2027, accelerating at a CAGR of 4.92% during the forecast period. The report on the pickup truck market in 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 US.

The pickup truck market in US is segmented as below:

By Product

  • Full-size pickup truck
  • Small-size
  • Mid-size pickup truck

By Type

  • Extended cab
  • 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 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 US covers the following areas:

  • Pickup truck market in US sizing
  • Pickup truck market in US forecast
  • Pickup truck market in 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 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 Inc., Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG. Also, the pickup truck market in 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 publisher 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

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Product
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Pickup truck market in US 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on pickup truck market in US 2017 - 2021 ($ billion)
4.2 Product Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Product Segment 2017 - 2021 ($ billion)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
6.1 Market segments
Exhibit 25: Chart on Product - Market share 2022-2027 (%)
Exhibit 26: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 27: Chart on Comparison by Product
Exhibit 28: Data Table on Comparison by Product
6.3 Full-size pickup truck - Market size and forecast 2022-2027
Exhibit 29: Chart on Full-size pickup truck - Market size and forecast 2022-2027 ($ billion)
Exhibit 30: Data Table on Full-size pickup truck - Market size and forecast 2022-2027 ($ billion)
Exhibit 31: Chart on Full-size pickup truck - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Full-size pickup truck - Year-over-year growth 2022-2027 (%)
6.4 Small-size and mid-size pickup truck - Market size and forecast 2022-2027
Exhibit 33: Chart on Small-size and mid-size pickup truck - Market size and forecast 2022-2027 ($ billion)
Exhibit 34: Data Table on Small-size and mid-size pickup truck - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Chart on Small-size and mid-size pickup truck - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Small-size and mid-size pickup truck - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Product
Exhibit 37: Market opportunity by Product ($ billion)
Exhibit 38: Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 39: Chart on Type - Market share 2022-2027 (%)
Exhibit 40: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 41: Chart on Comparison by Type
Exhibit 42: Data Table on Comparison by Type
7.3 Extended cab and crew cab - Market size and forecast 2022-2027
Exhibit 43: Chart on Extended cab and crew cab - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Data Table on Extended cab and crew cab - Market size and forecast 2022-2027 ($ billion)
Exhibit 45: Chart on Extended cab and crew cab - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Extended cab and crew cab - Year-over-year growth 2022-2027 (%)
7.4 Regular cab - Market size and forecast 2022-2027
Exhibit 47: Chart on Regular cab - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Regular cab - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Regular cab - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Regular cab - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 51: Market opportunity by Type ($ billion)
Exhibit 52: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 54: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 55: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 56: Overview on factors of disruption
10.4 Industry risks
Exhibit 57: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 58: Vendors covered
11.2 Market positioning of vendors
Exhibit 59: Matrix on vendor position and classification
11.3 Ford Motor Co.
Exhibit 60: Ford Motor Co. - Overview
Exhibit 61: Ford Motor Co. - Business segments
Exhibit 62: Ford Motor Co. - Key news
Exhibit 63: Ford Motor Co. - Key offerings
Exhibit 64: Ford Motor Co. - Segment focus
11.4 General Electric Co.
Exhibit 65: General Electric Co. - Overview
Exhibit 66: General Electric Co. - Business segments
Exhibit 67: General Electric Co. - Key news
Exhibit 68: General Electric Co. - Key offerings
Exhibit 69: General Electric Co. - Segment focus
11.5 Honda Motor Co. Ltd.
Exhibit 70: Honda Motor Co. Ltd. - Overview
Exhibit 71: Honda Motor Co. Ltd. - Business segments
Exhibit 72: Honda Motor Co. Ltd. - Key news
Exhibit 73: Honda Motor Co. Ltd. - Key offerings
Exhibit 74: Honda Motor Co. Ltd. - Segment focus
11.6 Hyundai Motor Co.
Exhibit 75: Hyundai Motor Co. - Overview
Exhibit 76: Hyundai Motor Co. - Business segments
Exhibit 77: Hyundai Motor Co. - Key news
Exhibit 78: Hyundai Motor Co. - Key offerings
Exhibit 79: Hyundai Motor Co. - Segment focus
11.7 Isuzu Motors Ltd.
Exhibit 80: Isuzu Motors Ltd. - Overview
Exhibit 81: Isuzu Motors Ltd. - Product/Service
Exhibit 82: Isuzu Motors Ltd. - Key offerings
11.8 Mitsubishi Motors Corp.
Exhibit 83: Mitsubishi Motors Corp. - Overview
Exhibit 84: Mitsubishi Motors Corp. - Business segments
Exhibit 85: Mitsubishi Motors Corp. - Key offerings
Exhibit 86: Mitsubishi Motors Corp. - Segment focus
11.9 Nissan Motor Co. Ltd.
Exhibit 87: Nissan Motor Co. Ltd. - Overview
Exhibit 88: Nissan Motor Co. Ltd. - Business segments
Exhibit 89: Nissan Motor Co. Ltd. - Key news
Exhibit 90: Nissan Motor Co. Ltd. - Key offerings
Exhibit 91: Nissan Motor Co. Ltd. - Segment focus
11.10 Rivian Automotive Inc.
Exhibit 92: Rivian Automotive Inc. - Overview
Exhibit 93: Rivian Automotive Inc. - Product/Service
Exhibit 94: Rivian Automotive Inc. - Key offerings
11.11 Stellantis NV
Exhibit 95: Stellantis NV - Overview
Exhibit 96: Stellantis NV - Business segments
Exhibit 97: Stellantis NV - Key news
Exhibit 98: Stellantis NV - Key offerings
Exhibit 99: Stellantis NV - Segment focus
11.12 Tesla Inc.
Exhibit 100: Tesla Inc. - Overview
Exhibit 101: Tesla Inc. - Business segments
Exhibit 102: Tesla Inc. - Key news
Exhibit 103: Tesla Inc. - Key offerings
Exhibit 104: Tesla Inc. - Segment focus
11.13 Toyota Motor Corp.
Exhibit 105: Toyota Motor Corp. - Overview
Exhibit 106: Toyota Motor Corp. - Business segments
Exhibit 107: Toyota Motor Corp. - Key offerings
Exhibit 108: Toyota Motor Corp. - Segment focus
11.14 Volkswagen AG
Exhibit 109: Volkswagen AG - Overview
Exhibit 110: Volkswagen AG - Business segments
Exhibit 111: Volkswagen AG - Key offerings
Exhibit 112: Volkswagen AG - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 113: Inclusions checklist
Exhibit 114: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 115: Currency conversion rates for US$
12.4 Research methodology
Exhibit 116: Research methodology
Exhibit 117: Validation techniques employed for market sizing
Exhibit 118: Information sources
12.5 List of abbreviations
Exhibit 119: List of abbreviations
Exhibits:
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Product
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibits 12: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibits 13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibits 14: Data Table on US: Year-over-year growth 2022-2027 (%)
Exhibits 15: Historic Market Size - Data Table on pickup truck market in US 2017 - 2021 ($ billion)
Exhibits 16: Historic Market Size - Product Segment 2017 - 2021 ($ billion)
Exhibits 17: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
Exhibits 18: Five forces analysis - Comparison between 2022 and 2027
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 24: Chart on Market condition - Five forces 2022 and 2027
Exhibits 25: Chart on Product - Market share 2022-2027 (%)
Exhibits 26: Data Table on Product - Market share 2022-2027 (%)
Exhibits 27: Chart on Comparison by Product
Exhibits 28: Data Table on Comparison by Product
Exhibits 29: Chart on Full-size pickup truck - Market size and forecast 2022-2027 ($ billion)
Exhibits 30: Data Table on Full-size pickup truck - Market size and forecast 2022-2027 ($ billion)
Exhibits 31: Chart on Full-size pickup truck - Year-over-year growth 2022-2027 (%)
Exhibits 32: Data Table on Full-size pickup truck - Year-over-year growth 2022-2027 (%)
Exhibits 33: Chart on Small-size and mid-size pickup truck - Market size and forecast 2022-2027 ($ billion)
Exhibits 34: Data Table on Small-size and mid-size pickup truck - Market size and forecast 2022-2027 ($ billion)
Exhibits 35: Chart on Small-size and mid-size pickup truck - Year-over-year growth 2022-2027 (%)
Exhibits 36: Data Table on Small-size and mid-size pickup truck - Year-over-year growth 2022-2027 (%)
Exhibits 37: Market opportunity by Product ($ billion)
Exhibits 38: Data Table on Market opportunity by Product ($ billion)
Exhibits 39: Chart on Type - Market share 2022-2027 (%)
Exhibits 40: Data Table on Type - Market share 2022-2027 (%)
Exhibits 41: Chart on Comparison by Type
Exhibits 42: Data Table on Comparison by Type
Exhibits 43: Chart on Extended cab and crew cab - Market size and forecast 2022-2027 ($ billion)
Exhibits 44: Data Table on Extended cab and crew cab - Market size and forecast 2022-2027 ($ billion)
Exhibits 45: Chart on Extended cab and crew cab - Year-over-year growth 2022-2027 (%)
Exhibits 46: Data Table on Extended cab and crew cab - Year-over-year growth 2022-2027 (%)
Exhibits 47: Chart on Regular cab - Market size and forecast 2022-2027 ($ billion)
Exhibits 48: Data Table on Regular cab - Market size and forecast 2022-2027 ($ billion)
Exhibits 49: Chart on Regular cab - Year-over-year growth 2022-2027 (%)
Exhibits 50: Data Table on Regular cab - Year-over-year growth 2022-2027 (%)
Exhibits 51: Market opportunity by Type ($ billion)
Exhibits 52: Data Table on Market opportunity by Type ($ billion)
Exhibits 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 54: Impact of drivers and challenges in 2022 and 2027
Exhibits 55: Overview on Criticality of inputs and Factors of differentiation
Exhibits 56: Overview on factors of disruption
Exhibits 57: Impact of key risks on business
Exhibits 58: Vendors covered
Exhibits 59: Matrix on vendor position and classification
Exhibits 60: Ford Motor Co. - Overview
Exhibits 61: Ford Motor Co. - Business segments
Exhibits 62: Ford Motor Co. - Key news
Exhibits 63: Ford Motor Co. - Key offerings
Exhibits 64: Ford Motor Co. - Segment focus
Exhibits 65: General Electric Co. - Overview
Exhibits 66: General Electric Co. - Business segments
Exhibits 67: General Electric Co. - Key news
Exhibits 68: General Electric Co. - Key offerings
Exhibits 69: General Electric Co. - Segment focus
Exhibits 70: Honda Motor Co. Ltd. - Overview
Exhibits 71: Honda Motor Co. Ltd. - Business segments
Exhibits 72: Honda Motor Co. Ltd. - Key news
Exhibits 73: Honda Motor Co. Ltd. - Key offerings
Exhibits 74: Honda Motor Co. Ltd. - Segment focus
Exhibits 75: Hyundai Motor Co. - Overview
Exhibits 76: Hyundai Motor Co. - Business segments
Exhibits 77: Hyundai Motor Co. - Key news
Exhibits 78: Hyundai Motor Co. - Key offerings
Exhibits 79: Hyundai Motor Co. - Segment focus
Exhibits 80: Isuzu Motors Ltd. - Overview
Exhibits 81: Isuzu Motors Ltd. - Product/Service
Exhibits 82: Isuzu Motors Ltd. - Key offerings
Exhibits 83: Mitsubishi Motors Corp. - Overview
Exhibits 84: Mitsubishi Motors Corp. - Business segments
Exhibits 85: Mitsubishi Motors Corp. - Key offerings
Exhibits 86: Mitsubishi Motors Corp. - Segment focus
Exhibits 87: Nissan Motor Co. Ltd. - Overview
Exhibits 88: Nissan Motor Co. Ltd. - Business segments
Exhibits 89: Nissan Motor Co. Ltd. - Key news
Exhibits 90: Nissan Motor Co. Ltd. - Key offerings
Exhibits 91: Nissan Motor Co. Ltd. - Segment focus
Exhibits 92: Rivian Automotive Inc. - Overview
Exhibits 93: Rivian Automotive Inc. - Product/Service
Exhibits 94: Rivian Automotive Inc. - Key offerings
Exhibits 95: Stellantis NV - Overview
Exhibits 96: Stellantis NV - Business segments
Exhibits 97: Stellantis NV - Key news
Exhibits 98: Stellantis NV - Key offerings
Exhibits 99: Stellantis NV - Segment focus
Exhibits 100: Tesla Inc. - Overview
Exhibits 101: Tesla Inc. - Business segments
Exhibits 102: Tesla Inc. - Key news
Exhibits 103: Tesla Inc. - Key offerings
Exhibits 104: Tesla Inc. - Segment focus
Exhibits 105: Toyota Motor Corp. - Overview
Exhibits 106: Toyota Motor Corp. - Business segments
Exhibits 107: Toyota Motor Corp. - Key offerings
Exhibits 108: Toyota Motor Corp. - Segment focus
Exhibits 109: Volkswagen AG - Overview
Exhibits 110: Volkswagen AG - Business segments
Exhibits 111: Volkswagen AG - Key offerings
Exhibits 112: Volkswagen AG - Segment focus
Exhibits 113: Inclusions checklist
Exhibits 114: Exclusions checklist
Exhibits 115: Currency conversion rates for US$
Exhibits 116: Research methodology
Exhibits 117: Validation techniques employed for market sizing
Exhibits 118: Information sources
Exhibits 119: List of abbreviations

Executive Summary

The publisher recognizes the following companies 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 Inc., 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 Inc.
  • Stellantis NV
  • Tesla Inc.
  • Toyota Motor Corp.
  • Volkswagen AG

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About the Pickup Truck Market

The pickup truck market within the context of commercial vehicles is a highly competitive segment of the automotive industry. It is comprised of light-duty and heavy-duty vehicles, which are used for a variety of purposes, including hauling, towing, and off-road activities. Pickup trucks are typically designed with a cab and an open cargo bed, allowing for the transport of goods and materials. They are also often equipped with a variety of features, such as four-wheel drive, towing capacity, and off-road capability. The pickup truck market is driven by a variety of factors, including consumer demand, technological advancements, and economic conditions. As such, manufacturers are constantly innovating to meet the needs of their customers. Notable companies in the pickup truck market include Ford, Chevrolet, Ram, Toyota, Nissan, and Honda. Show Less Read more

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