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Full-size Pickup Trucks Market Trends

  • Report ID: GMI9097
  • Published Date: Apr 2024
  • Report Format: PDF

Full-size Pickup Trucks Market Trends

The full-size pickup truck industry is witnessing significant technological advancements. Advancements in engine technology are resulting in more powerful and fuel-efficient engines. This translates to increased towing capacity, hauling capabilities, and acceleration, while also resolving long-standing issues about gas consumption in full-size vehicles. New driver-assistance features such as lane departure alerts, automated emergency braking, and blind-spot monitoring are making full-size trucks safer. This is an important selling factor for families and safety-conscious customers. Furthermore, as technology advances, full-size trucks become more comfortable and user-friendly. Touchscreens, premium sound systems, heated and ventilated seats, and advanced connection choices are attracting a broader spectrum of purchasers.
 

In September 2023, General Motors announced that its sophisticated driving assistance technology, Super Cruise, will be available on the GMC Sierra and Chevy Silverado trucks in 2024. This hands-free driving technology will expand beyond premium automobiles to include the highly competitive full-size truck category. These technological advancements will further drive the market in the future.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of full-size pickup trucks reached USD 87.2 billion in 2023 and is set to witness 4% CAGR between 2024 and 2032, owing to the growing popularity of off-roading and adventure activities.

The diesel segment accounted for 68% of the market share in 2023, due to their towing capacity and fuel economy under large loads.

North America market size was USD 52.1 billion in revenue in 2023, as several industries such as construction, agriculture, oil & gas rely on full-size pickup trucks for transportation purposes.

Ford Motor Company, General Motors, Great Wall Motors, Honda, Isuzu, Mitsubishi Motors, Nissan, Ram Trucks, Toyota Motor Corporation, Volkswagen, Ford Motor and Toyota

Full-size Pickup Trucks Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 350
  • Countries covered: 25
  • Pages: 240
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