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Heavy-duty Pick-up Trucks Market Share

Report ID: GMI9099
Published Date: Apr 2024
Report Format: PDF

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Heavy-duty Pick-up Trucks Market Share

Ford Motor and Toyota Motor dominate the market with over 10% of the revenue share. Ford Motor prioritizes performance, longevity, and dependability in its lineup of heavy-duty pickup trucks, catering to the needs of commercial fleet operators, construction firms, and off-road enthusiasts seeking durable vehicles suited for challenging work conditions and tasks.

Toyota Motor incorporates state-of-the-art safety enhancements, driver-assist functions, and connectivity innovations into its heavy-duty pickup trucks, elevating safety standards, convenience, and utility to appeal to customers who value modern features and advanced technology.

Heavy-duty Pick-up Trucks Market Companies

Major companies operating in the heavy-duty pick-up trucks industry are:

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

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of heavy-duty pick-up trucks reached USD 41.3 billion in 2023 and is set to grow at 6% CAGR between 2024 and 2032, owing to the rising demand from commercial and industrial sectors.

The electric segment accounted for USD 1.8 billion in revenue in 2023, as battery technology is continually evolving, and the cost of battery packs is steadily dropping.

North America market will generate USD 38.5 billion by 2032, driven by the construction, mining, oil & gas, and logistics industries.

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