Market Overview:
The global heavy-duty pickup truck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for heavy-duty pickup trucks from commercial and individual users across different regions. Additionally, the growing awareness about the benefits of electric vehicles is also propelling the growth of the global heavy-duty pickup truck market. The electric segment is expected to grow at a higher CAGR than the non-electric segment during the forecast period.
Product Definition:
A heavy-duty pickup truck is a pickup truck that is designed for heavier loads than a typical light-duty pickup truck. These trucks usually have more powerful engines and larger towing capacities than light-duty trucks. Heavy-duty pickups are often used for commercial purposes, such as hauling cargo or equipment, or for agricultural purposes, such as hauling livestock or harvesting crops.
Electric:
Electric vehicles (EV) are powered by electric motors and have no internal combustion engine. The usage of fossil fuels to power an EV motor generates carbon dioxide, a greenhouse gas, which is harmful to the environment. Thus, increasing awareness among consumers regarding the adverse effects of greenhouse gases has been motivating them towards adopting EVs.
Non-electric:
Non-electric and its usage in heavy-duty pickup truck market is a vehicle component, which does not have any electrical system or motor. It is used to transfer the mechanical energy from transmission to drive the vehicle. The most common types of non-electric vehicles are golf carts, all terrain vehicles (ATVs), off road vehicles such as construction equipment and farm tractors, light duty trucks (LDT), buses, trolleys & streetcars and others.
Application Insights:
The commercial use segment dominated the global heavy-duty pickup truck market in 2017, accounting for over 60.0% share of the overall revenue. The segment is expected to witness significant growth over the forecast period owing to rising demand from various industries including mining and construction for moving materials across distances. In addition, increasing penetration of e-commerce has led to an increase in goods transportation which further drives upmarket demand for heavy-duty trucks among other applications such as food delivery services or parcel logistics companies.
The individual use vehicle segment is projected to expand at a CAGR of XX% from 2018 to 2030 owingto growing urbanization and rising disposable income among consumers especially in developing regions such as Latin America.
Regional Analysis:
North America dominated the global heavy-duty pickup truck market in 2017. The growing demand for light commercial vehicles and rising preference for electric vehicles are expected to drive the regional growth over the forecast period. Furthermore, increasing investments by companies in R&D of advanced technologies such as autonomous cars is anticipated to boost sales of heavy-duty trucks over next eight years.
Asia Pacific is projected to be one of the fastest-growing regions owing to increasing consumer disposable income levels and changing lifestyle along with rapid urbanization across countries such as China, India, Indonesia, Malaysia and Thailand among others will fuel product demand in Asia Pacific region during the forecast period.
Growth Factors:
- Increasing demand for commercial transportation and logistics services
- Growing investments in infrastructure development
- Rising disposable income of consumers in developing countries
- Proliferation of online retailing and e-commerce platforms
- Technological advancements in truck manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy-Duty Pickup Truck Market Research Report
By Type
Electric, Non-electric
By Application
Individual Use, Commercial Use
By Companies
Ford, GM, Toyota, FCA, Isuzu, Nissan, Mitsubishi, Mahindra & Mahindra, Volkswagen, Great Wall Motors, Ford, ZXAUTO, Tata Motors, Ashok Leyland, Foton Motor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Heavy-Duty Pickup Truck Market Report Segments:
The global Heavy-Duty Pickup Truck market is segmented on the basis of:
Types
Electric, Non-electric
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ford
- GM
- Toyota
- FCA
- Isuzu
- Nissan
- Mitsubishi
- Mahindra & Mahindra
- Volkswagen
- Great Wall Motors
- Ford
- ZXAUTO
- Tata Motors
- Ashok Leyland
- Foton Motor
Highlights of The Heavy-Duty Pickup Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric
- Non-electric
- By Application:
- Individual Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heavy-Duty Pickup Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heavy-duty pickup trucks are typically larger and more powerful than regular pickups. They're designed for commercial use, such as to transport goods or materials.
Some of the major companies in the heavy-duty pickup truck market are Ford, GM, Toyota, FCA, Isuzu, Nissan, Mitsubishi, Mahindra & Mahindra, Volkswagen, Great Wall Motors, Ford, ZXAUTO, Tata Motors, Ashok Leyland, Foton Motor.
The heavy-duty pickup truck market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy-Duty Pickup Truck Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heavy-Duty Pickup Truck Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy-Duty Pickup Truck Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heavy-Duty Pickup Truck Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heavy-Duty Pickup Truck Market Size & Forecast, 2018-2028
4.5.1 Heavy-Duty Pickup Truck Market Size and Y-o-Y Growth
4.5.2 Heavy-Duty Pickup Truck Market Absolute $ Opportunity
Chapter 5 Global Heavy-Duty Pickup Truck Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Heavy-Duty Pickup Truck Market Size Forecast by Type
5.2.1 Electric
5.2.2 Non-electric
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heavy-Duty Pickup Truck Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Heavy-Duty Pickup Truck Market Size Forecast by Applications
6.2.1 Individual Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy-Duty Pickup Truck Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heavy-Duty Pickup Truck Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Heavy-Duty Pickup Truck Analysis and Forecast
9.1 Introduction
9.2 North America Heavy-Duty Pickup Truck Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Heavy-Duty Pickup Truck Market Size Forecast by Type
9.6.1 Electric
9.6.2 Non-electric
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Heavy-Duty Pickup Truck Market Size Forecast by Applications
9.10.1 Individual Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Heavy-Duty Pickup Truck Analysis and Forecast
10.1 Introduction
10.2 Europe Heavy-Duty Pickup Truck Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Heavy-Duty Pickup Truck Market Size Forecast by Type
10.6.1 Electric
10.6.2 Non-electric
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Heavy-Duty Pickup Truck Market Size Forecast by Applications
10.10.1 Individual Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Heavy-Duty Pickup Truck Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heavy-Duty Pickup Truck Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Heavy-Duty Pickup Truck Market Size Forecast by Type
11.6.1 Electric
11.6.2 Non-electric
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Heavy-Duty Pickup Truck Market Size Forecast by Applications
11.10.1 Individual Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Heavy-Duty Pickup Truck Analysis and Forecast
12.1 Introduction
12.2 Latin America Heavy-Duty Pickup Truck Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Heavy-Duty Pickup Truck Market Size Forecast by Type
12.6.1 Electric
12.6.2 Non-electric
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Heavy-Duty Pickup Truck Market Size Forecast by Applications
12.10.1 Individual Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Heavy-Duty Pickup Truck Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heavy-Duty Pickup Truck Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Heavy-Duty Pickup Truck Market Size Forecast by Type
13.6.1 Electric
13.6.2 Non-electric
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Heavy-Duty Pickup Truck Market Size Forecast by Applications
13.10.1 Individual Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heavy-Duty Pickup Truck Market: Competitive Dashboard
14.2 Global Heavy-Duty Pickup Truck Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ford
14.3.2 GM
14.3.3 Toyota
14.3.4 FCA
14.3.5 Isuzu
14.3.6 Nissan
14.3.7 Mitsubishi
14.3.8 Mahindra & Mahindra
14.3.9 Volkswagen
14.3.10 Great Wall Motors
14.3.11 Ford
14.3.12 ZXAUTO
14.3.13 Tata Motors
14.3.14 Ashok Leyland
14.3.15 Foton Motor
