Global Pickup Truck Market 2016-2020

Global Pickup Truck Market 2016-2020

About Pickup Truck

A pickup truck is a light-duty vehicle that has an enclosed cab and an open cargo area with a tailgate. It can be either compact or full-size. Pickup trucks are mostly used as good carriers, but they also find application in personal transport, especially in the US, Mexico, and Brazil, among others. This can be attributed to rising demand for comfort and convenience, and modern pickup trucks are equipped with features such as Bluetooth connectivity, all-wheel drive (AWD), automatic transmissions, and DVD players, among others.

Technavio’s analysts forecast the global pickup truck market to grow at a CAGR of 5.65% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global pickup truck market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the key vendors in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Pickup Truck Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • FCA
  • Ford Motor Company
  • General Motors
  • Nissan
  • Toyota
Other prominent vendors
  • Isuzu Motors
  • Honda
  • Tata Motors
  • Mahindra & Mahindra
Market driver
  • Higher demand for pickup trucks leads to expansion in production capacity of major automakers.
  • For a full, detailed list, view our report
Market challenge
  • Intense competition leading to technology innovation.
  • For a full, detailed list, view our report
Market trend
  • Increased next-generation pickup truck collaboration partnerships by global automakers.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Pickup Truck Market 2016-2020

Technavio recognizes the following companies as the key players in the global pickup truck market: FCA, Ford Motor Company, General Motors, Nissan, and Toyota.

Other prominent vendors in the market are: Isuzu Motors, Honda, Tata Motors, and Mahindra & Mahindra.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is emergence of electric pickup trucks. Electric vehicles have the capability to provide plenty of torque from a low revolutions per minute (RPM). This makes electric vehicles suitable for being used as a pickup truck because of fuel bill savings. For example, improving the fuel efficiency of a sedan from 30 mpg to 50 mpg could save about 133 gallons of gasoline every 10,000 miles. In addition, enhancing the fuel efficiency of a pickup truck from 18 mpg to 25 mpg will save about 155 gallons for the same distance. Thus, the electric pickup truck market has multiple opportunities, and the automotive OEMs are turning their focus to these vehicles as a part of emission regulations planning.”

According to the report, one of the primary drivers in the market is declining fuel prices in US. As the US contributed more than 50% of the sales of pickup trucks, the falling prices of gasoline in the country influenced the pickup truck market in that country. Fuel prices in the US have been high in the past, owing to conflicts in key oil producing nations like Iraq and soaring oil consumption in countries like China, reaching $100 per barrel in 2010. Thus, the global fuel production could not keep up with the demand, resulting in high prices.In 2014, the average national price of regular fuel was $3.66 per gallon; however, it went down to $2.74 per gallon in 2015. In addition, the price of mid-range fuel dropped from $3.84 per gallon in 2014 to $2.95 per gallon in 2015 and premium fuel prices declined from $4.01 per gallon in 2014 to $3.13 per gallon in 2015.

Further, the report states that one major challenge in the market is expanded regulatory requirements. The Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) have jointly circulated fuel economy and greenhouse gas standards for pickup trucks (mostly on vehicles over 8,500 pounds GVW). These organizations are anticipated to issue a proposed set of standards that will apply to all models from 2019 onward. In the US, an objective has been set to control vehicle emissions by reducing CO₂ emission levels to 109 grams for every km by 2025. This would be nearly half of the 2010 CO₂ emission levels. The principal sources of transportation-related greenhouse gas emissions in the US come from passenger cars and light-duty trucks, including pickup trucks.



Companies Mentioned

FCA, Ford Motor Company, General Motors, Nissan, Toyota, Isuzu Motors, Honda, Tata Motors, Mahindra & Mahindra.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Report coverage
      • Table Scope of the report
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Automotive industry: Overview
      • Table Impact of economic events on automotive industry 2008-2016
      • Table Global automotive market 2015-2020 (million units)
      • Table Global automotive shipment by vehicle type 2015-2020 (million units)
    • Light commercial vehicle industry: Overview
      • Table LCV key operating sectors
      • Table Global LCVs market by vehicle type 2015-2020 (million units)
    • Pickup truck industry: An overview
      • Table Pickup truck market by GVWR
    • Component cost of pickup trucks
      • Table Ownership cost constituents of pickup trucks 2015 (share)
    • Weight distribution in pickup trucks
      • Table Weight distribution of pickup trucks
    • Retail market: A change of face in pickup trucks
    • Regulatory framework
      • Table US fuel economy requirement for pickup trucks
  • Market landscape
    • Market overview
      • Table Top ten countries by GDP 2012-2015 ($ billions)
      • Table Top five APAC countries by GDP 2011-2015 ($ billions)
      • Table Segmentation of pickup trucks
      • Table Global pickup trucks market 2015-2020 (in million units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by geography
    • Segmentation of global pickup truck market by geography
      • Table Segmentation of global pickup truck market by region 2015 (share)
      • Table Segmentation of global pickup truck market by region 2020 (share)
      • Table Unit shipment of global pickup truck market 2015-2020 (millions of units)
    • Pickup truck market in Americas
      • Table Pickup truck market in Americas 2015-2020 (millions of units)
      • Table LCVs market in Americas (millions of units)
    • Pickup truck market in APAC
      • Table Pickup truck market in APAC 2015-2020 (millions of units)
      • Table LCVs market in APAC (million units)
    • Pickup truck market in EMEA
      • Table Pickup truck market in EMEA 2015-2020 (millions of units)
      • Table LCVs market in EMEA (millions of units)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Table Pickup trucks: Areas of application
  • Market challenges
    • Table CO gas emissions 2015 (%)
    • Table Competitive parameters in pickup truck market
  • Market trends
    • Table Engineering advances in pickup truck market
  • Vendor landscape
    • Competitive benchmarking
      • Table Benchmarking of the vendors of global pickup truck market
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • FCA
    • Ford Motor Company
    • General Motors
    • Nissan
    • Toyota
  • Appendix
    • List of abbreviations
  • Explore Technavio

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