Pickup Truck Market in US to Grow by USD 51.6 Billion From 2025-2029, Driven by Increased Utility of Pickup Trucks, with AI Impacting Market Trends - Technavio

NEW YORK, Feb. 13, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The pickup truck market in US and it is set to grow by USD 51.6 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of almost 4.6% during the forecast period, according to Technavio. The pickup truck market in US is concentrated, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  Chevrolet, Ford Motor Co., Honda Motor Co. Ltd., Hyundai Motor Co., Isuzu Motors Ltd., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Rivian Automotive LLC, Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG are some of the major market participants -. To know about the vendor offerings - Request a sample report

Pickup Truck Market in US 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The pickup truck market in us report covers the following areas:

• Pickup Truck Market in US Size
• Pickup Truck Market in US Trends
• Pickup Truck Market in US Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The pickup truck market in US is concentrated, and the degree of concentration will accelerate. The increased utility of pickup trucks will offer immense growth opportunities. However, the Increasing sales of used vehicles in US will hamper the market growth

Pickup Truck Market in US 2025-2029: Drivers & Challenges

Pickup trucks have gained popularity in the US market due to their superior value proposition over sedans and hatchbacks. Their increased trunk capacity and towing capability make them versatile for both commercial and non-commercial uses. Unlike SUVs, crossovers, or sedans, pickup trucks can transport larger cargo loads while accommodating a family of five. Manufacturers offer various trims, such as extended cab models, which provide additional passenger seats without compromising cargo bed space. These vehicles offer a practical and efficient solution for consumers seeking a balance between passenger capacity and cargo carrying ability.

Used pickup trucks offer an affordable alternative to new models due to their lower cost. The decreasing vehicle ownership cycles in the US result in an annual influx of used vehicles into the market. In contrast to other regions, the average ownership period for new passenger cars in the US is shorter. After four to five years, many cars are sold and replaced with newer models. These vehicles are utilized for only a fraction of their operational life. Consequently, the demand for new pickup trucks in the US may be restrained during the forecast period.

To learn more about the global trends impacting the future of market research, download a PDF sample

This pickup truck market in US report extensively covers market segmentation by  

• Product
• Full-size Pickup Truck
• Small-size And Mid-size Pickup Truck
• Type
• Extended Cab And Crew Cab
• Regular Cab
• Geography
• North America

1.1 Full-size pickup truck-  Full-size pickup trucks are popular choices in the US market, offering greater margins for dealers compared to smaller alternatives. These trucks are designed to be more rugged, with increased engine capacity and higher ground clearance. V6 engines are standard, while V8 configurations are optional for improved performance and fuel efficiency. Advanced powertrain technologies, such as cylinder-deactivation, are available in V8 engines. General Motors and Ford Motor Co. Offer diesel variants for enhanced towing and hauling capabilities. Full-size pickup trucks can tow up to 10,000 pounds, but heavy-duty variants can tow over 30,000 pounds. Top models feature advanced infotainment systems with touchscreens, voice commands, and smartphone connectivity via Bluetooth. Telematics, with a subscription-based fee structure, are increasingly being integrated into full-size pickup trucks, driving market growth.

To learn more, request a FREE sample

Pickup Truck Market in US 2025-2029: Key Highlights

• CAGR of the market during the forecast period 2025-2029
• Detailed information on factors that will assist pickup truck market in US growth during the next five years
• Estimation of the pickup truck market in US size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the pickup truck market in US across US
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of pickup truck market in US vendors

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio