Pickup Truck Market Analysis in North America, APAC, Europe, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 156 SKU: IRTNTR76986

Pickup Truck Market 2024-2028 

The pickup truck market size is estimated to grow at a CAGR of 5.01% between 2023 and 2028. The market size is forecast to increase by USD 102.91 billion. The accelerated growth of the market is due to various factors, including the increased utility of pickup trucks, the expanding product portfolio for pickup trucks, and the rising penetration of advanced driver assistance features in pickup trucks

The report offers extensive research analysis on the Pickup Truck Market, offering forecasts for the industry segmented by Type, which comprises extended cab and crew cab, regular cab. Additionally, it categorizes Product into full-size pickup truck, small-size and mid-size pickup truck, and covers regions, including North America, APAC, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the Size of the Pickup Truck Market During the Forecast Period?

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Pickup Truck Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Pickup Truck Market Driver

Increased utility of pickup trucks is the key factor driving the market growth. Pickup trucks are increasingly being preferred over sedans and hatchbacks, as these offer a higher value proposition. Furthermore, the increased trunk capacity and towing capability of pickup trucks make them suitable for both commercial and non-commercial purposes. These vehicles can transport greater cargo loads, as well as carry a 5-member family, unlike an SUV, a crossover, a hatchback, or a sedan. 

Moreover, automobile makers are capitalizing on the increasing demand for pickup trucks globally and implementing various refinements to increase their fuel efficiency. Vehicle makers are equipping pickup trucks with plush interiors to provide a premium feel to passengers. This is also one of the reasons for the growing preference for pickup trucks by families looking for a comfortable or daily commute family car. Thus, such factors will drive the market's growth during the forecast period.

Key Pickup Truck Market Trends

Increasing incorporation of lighter materials in pickup truck manufacturing is the primary trend shaping market growth. Vehicle makers are focusing on increasing the fuel efficiency of their vehicles to comply with fuel efficiency standards. Pickup trucks are generally made of steel. Using alternate materials to manufacture pickup trucks would increase fuel efficiency and reduce emissions. Moreover, when lighter materials are used for manufacturing, more engine power can be allocated to pulling or towing.

For example, Ford Motor offers an F-150 pickup truck made of aluminum. The aluminum F-150 pickup truck is about 700 lb. lighter than the steel variant and offers increased mileage. Moreover, the use of aluminum has increased the efficiency of the vehicle without compromising its performance. Thus, such a proposition is expected to be followed as a trend in the market by other major vehicle manufacturers and will propel the market's growth during the forecast period.

Key Pickup Truck Market Challenge

Increasing stringency of fuel efficiency and emission standards is a challenge that affects market growth. Declining air quality levels have driven various environmental organizations globally to take strict action and impose regulations. Vehicular emissions from cars and light trucks, including pickup trucks, are one of the major contributors to air pollution. The Federal Government in many countries has also enacted fuel efficiency standards to decrease the consumption of petroleum fuels. Fuel-efficient vehicles produce significantly less emissions as less fuel is consumed.

Furthermore, the average fuel economy for light-duty vehicles, including pickup trucks and cars, was about 25.7 miles per gallon in 2020. This is driving regulatory bodies to upgrade the existing fuel economy standards. Rising stringency of fuel efficiency and emission standards will pose a challenge to producing pickup trucks and may impede the growth of the market during the forecast period.

Pickup Truck Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Pickup Truck Market Customer Landscape

Who are the Major Pickup Truck Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Ford Motor Co.: The company offers pickup truck such as Ford F Series trucks and Ford Ranger. 

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Dr. Ing. h.c. F. Porsche AG
  • General Electric Co.
  • Honda Motor Co. Ltd.
  • Hyundai Motor Co.
  • Isuzu Motors Ltd.
  • Jiangling Motors Corp. Ltd.
  • KG Mobility
  • Mahindra and Mahindra Ltd.
  • Mercedes Benz Group AG
  • Mitsubishi Motors Corp.
  • Renault SAS
  • Rivian Automotive Inc.
  • Stellantis NV
  • Suzuki Motor Corp.
  • Tata Motors Ltd.
  • Ashok Leyland Ltd.
  • Beijing Automotive Group Co. Ltd.
  • Great Wall Motor Co. Ltd.
  • Toyota Motor Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Pickup Truck Market?

 The extended cab and crew cab segment is estimated to witness significant growth during the forecast period. pickup truck vehicles can carry a larger number of passengers and are capable of hauling cargo in their cargo bed. Extended cab-style pickup trucks have smaller seats in the back and small doors that can be opened from the inside to provide access to the rear seats. Crew cab-style pickup trucks offer two rows of seats and four full-size doors.

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The extended cab and crew cab segment was the largest segment and was valued at  USD 229.00 billion in 2018Customers seeking a cost-effective vehicle that can seat a family comfortably and transport a significant amount of cargo would prefer an extended cab pickup model. Conversely, those who prioritize large and comfortable seats that provide additional seating space for their passengers and do not necessitate a large cargo bed will prefer a crew cab pickup. Thus, such factors under the extended cab and crew cab segment will drive the growth of the market during the forecast period.

Which are the Key Regions for the Pickup Truck Market?

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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Modern pickup trucks have advanced technologies like driver-assistance systems, infotainment advancements, and connectivity possibilities despite being historically appreciated for their strong towing and payload capacities. The rising desire for automobiles that skillfully blend workhorse characteristics with comfort and convenience is reflected in this progression.

Moreover, automobile manufacturers in North America, like Ford Motor, General Electric, etc., have equipped pickup trucks with advanced technologies such as coil-spring rear suspensions and turbocharged V6 engines to create vehicles compatible with personal and commercial usage. Furthermore, major vehicle manufacturers are vying for market share by offering various online design customization options for their pickup models. This growth is projected to remain strong in the North America pickup truck market during the forecast period.

Segment Overview

The pickup truck market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook
    • Extended cab and crew cab
    • Regular cab
  • Product Outlook
    • Full-size pickup truck
    • Small-size and mid-size pickup truck
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Pickup Truck Market Scope

Report Coverage

Details

Page number

156

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.01%

Market Growth 2024-2028

USD 102.91 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.63

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Dr. Ing. h.c. F. Porsche AG, Ford Motor Co., General Electric Co., Honda Motor Co. Ltd., Hyundai Motor Co., Isuzu Motors Ltd., Jiangling Motors Corp. Ltd., KG Mobility, Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., Renault SAS, Rivian Automotive Inc., Stellantis NV, Suzuki Motor Corp., Tata Motors Ltd., Ashok Leyland Ltd., Beijing Automotive Group Co. Ltd., Great Wall Motor Co. Ltd., and Toyota Motor Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Pickup Truck Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global pickup truck market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global pickup truck market 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 Product Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Extended cab and crew cab - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Extended cab and crew cab - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Extended cab and crew cab - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Extended cab and crew cab - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Extended cab and crew cab - Year-over-year growth 2023-2028 (%)
    • 6.4 Regular cab - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Regular cab - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Regular cab - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Regular cab - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Regular cab - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 44: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Product - Market share 2023-2028 (%)
    • 7.2 Comparison by Product
      • Exhibit 46: Chart on Comparison by Product
      • Exhibit 47: Data Table on Comparison by Product
    • 7.3 Full-size pickup truck - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Full-size pickup truck - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Full-size pickup truck - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Full-size pickup truck - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Full-size pickup truck - Year-over-year growth 2023-2028 (%)
    • 7.4 Small-size and mid-size pickup truck - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Small-size and mid-size pickup truck - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Small-size and mid-size pickup truck - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Small-size and mid-size pickup truck - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Small-size and mid-size pickup truck - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 56: Market opportunity by Product ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Ashok Leyland Ltd.
              • Exhibit 111: Ashok Leyland Ltd. - Overview
              • Exhibit 112: Ashok Leyland Ltd. - Product / Service
              • Exhibit 113: Ashok Leyland Ltd. - Key offerings
            • 12.4 Dr. Ing. h.c. F. Porsche AG
              • Exhibit 114: Dr. Ing. h.c. F. Porsche AG - Overview
              • Exhibit 115: Dr. Ing. h.c. F. Porsche AG - Product / Service
              • Exhibit 116: Dr. Ing. h.c. F. Porsche AG - Key offerings
            • 12.5 Ford Motor Co.
              • Exhibit 117: Ford Motor Co. - Overview
              • Exhibit 118: Ford Motor Co. - Business segments
              • Exhibit 119: Ford Motor Co. - Key news
              • Exhibit 120: Ford Motor Co. - Key offerings
              • Exhibit 121: Ford Motor Co. - Segment focus
            • 12.6 General Electric Co.
              • Exhibit 122: General Electric Co. - Overview
              • Exhibit 123: General Electric Co. - Business segments
              • Exhibit 124: General Electric Co. - Key news
              • Exhibit 125: General Electric Co. - Key offerings
              • Exhibit 126: General Electric Co. - Segment focus
            • 12.7 Great Wall Motor Co. Ltd.
              • Exhibit 127: Great Wall Motor Co. Ltd. - Overview
              • Exhibit 128: Great Wall Motor Co. Ltd. - Business segments
              • Exhibit 129: Great Wall Motor Co. Ltd. - Key offerings
              • Exhibit 130: Great Wall Motor Co. Ltd. - Segment focus
            • 12.8 Hyundai Motor Co.
              • Exhibit 131: Hyundai Motor Co. - Overview
              • Exhibit 132: Hyundai Motor Co. - Business segments
              • Exhibit 133: Hyundai Motor Co. - Key news
              • Exhibit 134: Hyundai Motor Co. - Key offerings
              • Exhibit 135: Hyundai Motor Co. - Segment focus
            • 12.9 Isuzu Motors Ltd.
              • Exhibit 136: Isuzu Motors Ltd. - Overview
              • Exhibit 137: Isuzu Motors Ltd. - Product / Service
              • Exhibit 138: Isuzu Motors Ltd. - Key offerings
            • 12.10 KG Mobility
              • Exhibit 139: KG Mobility - Overview
              • Exhibit 140: KG Mobility - Product / Service
              • Exhibit 141: KG Mobility - Key offerings
            • 12.11 Mahindra and Mahindra Ltd.
              • Exhibit 142: Mahindra and Mahindra Ltd. - Overview
              • Exhibit 143: Mahindra and Mahindra Ltd. - Business segments
              • Exhibit 144: Mahindra and Mahindra Ltd. - Key news
              • Exhibit 145: Mahindra and Mahindra Ltd. - Key offerings
              • Exhibit 146: Mahindra and Mahindra Ltd. - Segment focus
            • 12.12 Mitsubishi Motors Corp.
              • Exhibit 147: Mitsubishi Motors Corp. - Overview
              • Exhibit 148: Mitsubishi Motors Corp. - Business segments
              • Exhibit 149: Mitsubishi Motors Corp. - Key offerings
              • Exhibit 150: Mitsubishi Motors Corp. - Segment focus
            • 12.13 Renault SAS
              • Exhibit 151: Renault SAS - Overview
              • Exhibit 152: Renault SAS - Product / Service
              • Exhibit 153: Renault SAS - Key offerings
            • 12.14 Rivian Automotive Inc.
              • Exhibit 154: Rivian Automotive Inc. - Overview
              • Exhibit 155: Rivian Automotive Inc. - Product / Service
              • Exhibit 156: Rivian Automotive Inc. - Key offerings
            • 12.15 Stellantis NV
              • Exhibit 157: Stellantis NV - Overview
              • Exhibit 158: Stellantis NV - Business segments
              • Exhibit 159: Stellantis NV - Key news
              • Exhibit 160: Stellantis NV - Key offerings
              • Exhibit 161: Stellantis NV - Segment focus
            • 12.16 Tata Motors Ltd.
              • Exhibit 162: Tata Motors Ltd. - Overview
              • Exhibit 163: Tata Motors Ltd. - Business segments
              • Exhibit 164: Tata Motors Ltd. - Key news
              • Exhibit 165: Tata Motors Ltd. - Key offerings
              • Exhibit 166: Tata Motors Ltd. - Segment focus
            • 12.17 Toyota Motor Corp.
              • Exhibit 167: Toyota Motor Corp. - Overview
              • Exhibit 168: Toyota Motor Corp. - Business segments
              • Exhibit 169: Toyota Motor Corp. - Key offerings
              • Exhibit 170: Toyota Motor Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 171: Inclusions checklist
                • Exhibit 172: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 173: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 174: Research methodology
                • Exhibit 175: Validation techniques employed for market sizing
                • Exhibit 176: Information sources
              • 13.5 List of abbreviations
                • Exhibit 177: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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