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Pick-up Trucks Market Share

Report ID: GMI8184
Published Date: Feb 2024
Report Format: PDF

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Pick-up Trucks Market Share

Ford Motor Company and Toyota Motor Corporation dominate the market with over 15% revenue share. Ford Motor offers a diverse array of customization options and trim levels to accommodate a spectrum of consumer preferences & usage requirements. Additionally, they provide supplementary features, packages, and upgrade selections, empowering consumers to personalize their pick-up trucks, according to their unique lifestyles & preferences.

Toyota Motor Corporation integrates cutting-edge features, technologies, and safety enhancements into its pick-up truck models to elevate performance, comfort & convenience. Furthermore, the company provides sophisticated driver-assistance systems, connectivity features, and entertainment options, catering to the preferences of technologically savvy consumers.

Pick-up Trucks Market Companies

Major companies operating in the 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, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of pick-up trucks reached USD 217.3 billion in 2023 and is set to witness 5.5% CAGR from 2024 to 2032, owing to the expanding availability of electric options and the ongoing rise in petrol prices worldwide.

The diesel segment recorded around 65% market share in 2023, as they provide more energy per gallon, resulting in improved fuel efficiency, particularly for larger loads and highway travel.

North America held over 60% of the market share in 2023, due to the growing infrastructure projects and continued demand for versatile vehicles in the region.

Ford Motor Company, General Motors, Great Wall Motors, Honda, Isuzu, Mitsubishi Motors, Nissan, Ram Trucks, Toyota Motor Corporation, and Volkswagen are some of the major pick-up truck companies worldwide.