Market Overview:
The global small truck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for small trucks for individual and commercial use, rising disposable income, and technological advancements in small truck manufacturing. The global small truck market is segmented on the basis of type into small/mid-size trucks and full-size trucks. The full-size truck segment is expected to account for a larger share of the market than the small/mid-size truck segment during the forecast period. This can be attributed to their higher carrying capacity and better performance as compared to smaller trucks.
Product Definition:
A small truck is a vehicle that is typically used for transporting goods. They are smaller than traditional commercial trucks and can be used for a variety of purposes, such as delivering packages or food. Small trucks are important because they allow businesses to transport goods without having to use a larger vehicle. This can save time and money, and it also helps to reduce environmental impact.
Small/Mid-size:
Small/Mid-size is used for commercial vehicles with gross vehicle weight rating less than 8,500 lbs. and more than 4,500 lbs. It includes passenger cars & vans under 8,500 lbs. GVWR and light trucks (LVs) & pickup trucks over 4,500 lbs. GVWR.
The global small truck market was valued at USD 60 billion in 2016.
Full-size:
Full-size trucks are also known as large trucks, they are used for the transportation of goods and materials. Full-size truck can carry a load of up to 16,000 pounds on road. They have high loading capacity which is suitable for transporting heavy or bulky goods over long distances. The global small truck market is expected to grow at a significant rate owing to the increasing demand from e-commerce industry and logistics sector across the world.
Application Insights:
The commercial use segment dominated the global small truck market in 2017. The segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to an increase in the number of companies opting for light commercial vehicles as their business premises have reached far-off places where heavy trucks cannot go. Moreover, SMALL/mid-size trucks are preferred for transporting goods within cities due to high maneuverability and safety features provided by these vehicles on roads with large traffic volumes.
The individual use vehicle segment is projected register a significant growth rate over the forecast period owing to rising demand for passenger cars among young adults and working professionals across developed economies including Germany, U.K., France, Italy and Spain along with emerging economies such as China, India and Brazil who are at or near graduation stage from university or college studies or have started their professional careers recently enough before 2025 AD (before 2030 AD).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for trucks in countries, such as China and India. The region has been witnessing an increase in the sale of commercial vehicles, which will drive the growth further. Furthermore, favorable government policies are encouraging OEMs based in China and Japan to invest more in truck production facilities thus driving regional growth over the forecast period.
Europe was estimated at around 590 thousand units and is anticipated to witness steady growth over the next eight years owing high fuel prices along with stringent emission norms implemented by various governments across European countries for commercial vehicles including heavy-duty trucks (HDVs).
Growth Factors:
- Increasing demand for small trucks from commercial and individual users for goods transportation.
- Rising popularity of small trucks as a lifestyle vehicle among the young population in developing countries.
- Proliferation of online retailing that is fuelling the demand for last-mile delivery vehicles in urban areas.
- Growing preference for fuel-efficient and environment-friendly vehicles over traditional petrol or diesel engines powered trucks. 5) Introduction of stringent emission norms by various governments across the globe to promote electric vehicles, which is expected to benefit the small truck market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Small Truck Market Research Report
By Type
Small/Mid-size, Full-size
By Application
Individual Use, Commercial Use
By Companies
Ford, GM, Toyota, FCA, Isuzu, Nissan, Mitsubishi, Mahindra & Mahindra, Volkswagen, Great Wall Motors, Jiangling Motors, 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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Small Truck Market Report Segments:
The global Small Truck market is segmented on the basis of:
Types
Small/Mid-size, Full-size
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
- Jiangling Motors
- ZXAUTO
- Tata Motors
- Ashok Leyland
- Foton Motor
Highlights of The Small 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:
- Small/Mid-size
- Full-size
- 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 Small 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?
Small truck is a type of commercial vehicle that typically has a payload capacity of 10,000 pounds or less.
Some of the major companies in the small truck market are Ford, GM, Toyota, FCA, Isuzu, Nissan, Mitsubishi, Mahindra & Mahindra, Volkswagen, Great Wall Motors, Jiangling Motors, ZXAUTO, Tata Motors, Ashok Leyland, Foton Motor.
The small truck market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Small Truck Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Small Truck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Small Truck Market - Supply Chain
4.5. Global Small Truck Market Forecast
4.5.1. Small Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Small Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Small Truck Market Absolute $ Opportunity
5. Global Small Truck Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Small Truck Market Size and Volume Forecast by Type
5.3.1. Small/Mid-size
5.3.2. Full-size
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Small Truck Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Small Truck Market Size and Volume Forecast by Application
6.3.1. Individual Use
6.3.2. Commercial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Small Truck Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Small Truck Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Small Truck Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Small Truck Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Small Truck Demand Share Forecast, 2019-2026
9. North America Small Truck Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Small Truck Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Small Truck Market Size and Volume Forecast by Application
9.4.1. Individual Use
9.4.2. Commercial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Small Truck Market Size and Volume Forecast by Type
9.7.1. Small/Mid-size
9.7.2. Full-size
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Small Truck Demand Share Forecast, 2019-2026
10. Latin America Small Truck Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Small Truck Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Small Truck Market Size and Volume Forecast by Application
10.4.1. Individual Use
10.4.2. Commercial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Small Truck Market Size and Volume Forecast by Type
10.7.1. Small/Mid-size
10.7.2. Full-size
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Small Truck Demand Share Forecast, 2019-2026
11. Europe Small Truck Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Small Truck Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Small Truck Market Size and Volume Forecast by Application
11.4.1. Individual Use
11.4.2. Commercial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Small Truck Market Size and Volume Forecast by Type
11.7.1. Small/Mid-size
11.7.2. Full-size
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.0.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Small Truck Demand Share, 2019-2026
12. Asia Pacific Small Truck Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Small Truck Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Small Truck Market Size and Volume Forecast by Application
12.4.1. Individual Use
12.4.2. Commercial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Small Truck Market Size and Volume Forecast by Type
12.7.1. Small/Mid-size
12.7.2. Full-size
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Small Truck Demand Share, 2019-2026
13. Middle East & Africa Small Truck Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Small Truck Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Small Truck Market Size and Volume Forecast by Application
13.4.1. Individual Use
13.4.2. Commercial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Small Truck Market Size and Volume Forecast by Type
13.7.1. Small/Mid-size
13.7.2. Full-size
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Small Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Small Truck Market: Market Share Analysis
14.2. Small Truck Distributors and Customers
14.3. Small Truck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ford
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toyota
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FCA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Isuzu
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nissan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mitsubishi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mahindra & Mahindra
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Volkswagen
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Great Wall Motors
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jiangling Motors
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ZXAUTO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tata Motors
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ashok Leyland
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Foton Motor
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
