Pickup Trucks

United States

Highlights
Market definition
in-scope / out-of-scope
Reports
  • Revenue in the Pickup trucks market segment amounts to US$95,214m in 2018.
  • From an international perspective it is shown that most revenue is generated in the United States (US$95,214m in 2018).
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The pickup trucks market segment includes mini, mid-size, full-size and heavy-duty pickup trucks which have an enclosed cabin in the front and an open cargo area in the back. Sales of pickups of all uses (e.g. campers, police livery, etc.) are included.

  • European Car Segment: -
  • U.S. Car Segment: Pickup trucks
  • Chinese Car Segment: -
  • Also known as: Pick-ups

Background:
Pickup trucks are a rare sight in Europe or China, but in the United States, they have a long history and an important place in the Passenger Cars Market. They were originally developed as modifications to the Ford Model T and the Ford Model TT by third-party manufacturers, but shortly after, companies like Dodge and Chevrolet followed. The production in the U.S. boomed after the introduction of the so-called “chicken tax” in 1963 banning the import of foreign pickups into the domestic market. Nevertheless, the real game changer was the introduction of the Corporate Average Fuel Economy policy in 1973. While many models from other classes of large passenger vehicles suffered from strict regulations concerning fuel economy, pickup trucks were subject to less stern emission standards. This led to pickups becoming a new favorite performance vehicle class for Americans, only to be challenged relatively recently by the rise of SUVs.

Example Models: Chevrolet Silverado, Ford F-Series, Honda Ridgeline, Nissan Frontier, Toyota Tacoma, GMC Sierra, RAM pickup.

in-scope
  • Mini pickup and mid-size pickup trucks
  • Full-size pickup trucks
  • Heavy duty pickup trucks
out-of-scope
  • Other vehicles
Revenue (2018)
+2.8% yoy
US$95,214m
Volume (2018)
+2.8% yoy
2,820.0 t. cars

Revenue Revenue Growth

in the Pickup Trucks market in million US$ in percent

Reading Support Revenue in the Pickup trucks market segment amounts to US$95,214m in 2018. Reading Support The Pickup trucks market segment is expected to show a revenue growth of 3.3% in 2019.

  • Revenue
  • Revenue Growth
Info

Revenue:

The “Revenue” box shows the forecasted revenue development of the selected market (market segment, region).


Revenue Growth:

The “Revenue Growth” box shows the year-over-year revenue development of the selected market (market segment, region) in percentage terms.

A definition and detailed explanation of the displayed markets can be found here.
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Volume Volume Growth

in the Pickup Trucks market in thousand cars in percent

Reading Support In the market for Pickup Trucks, volume is expected to amount to 3,211.5 t. cars by 2022. Reading Support The market for Pickup Trucks is expected to show a volume growth of 2.6% in 2019.

  • Volume
  • Volume Growth
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Volume:

The “Volume” box shows the apparent consumption of the selected product (market segment, region) in thousands for each year.

A definition and detailed explanation of the displayed markets can be found here.
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Price per unit

in the Pickup Trucks market in US$

Reading Support The average price per unit in the market for Pickup Trucks amounts to US$33,764 in 2018.

Info

Price per Unit:

The "Price per Unit" box shows the volume weighted average price per car in the selected market (market segment, region, make) for each year.

A definition and detailed explanation of the displayed markets can be found here.
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Global Comparison - Revenue

in the Pickup Trucks market in million US$

Reading Support With a market volume of US$95,214m in 2018, most revenue is generated in the United States.

Top 5
United States
China
Info

Global Comparison – Revenue:

The “Revenue” tab shows a comparison of revenues for the leading economies in the selected market (market segment, region) and year.

A definition and detailed explanation of the displayed markets can be found here.
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Key Market Indicators

The following Key Market Indicators give an overview of the demographic, economic and technological development of the selected region on the basis of general KPIs. The calculation of Statista’s Market Outlook is based on a complex market-driver logic including over 400 region-specific data sets.

201420152016201720182019202020212022 CAGR
(2014-2022)
Population in m
Number of individuals (all ages) living in the selected region. | Source: World Bank, Statista Analysis
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0-15 years in m
Number of individuals (age 0-15) living in the selected region. | Source: World Bank, Statista Analysis
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16-24 years in m
Number of individuals (age 16-24) living in the selected region. | Source: World Bank, Statista Analysis
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25-34 years in m
Number of individuals (age 25-34) living in the selected region. | Source: World Bank, Statista Analysis
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35-44 years in m
Number of individuals (age 35-44) living in the selected region. | Source: World Bank, Statista Analysis
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45-54 years in m
Number of individuals (age 45-54) living in the selected region. | Source: World Bank, Statista Analysis
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55+ years in m
Number of individuals (age 55 and older) living in the selected region. | Source: World Bank, Statista Analysis
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Mobility
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Cars / 1000 Capita
Number of passenger cars in the selected region in relation to the total population. | Source: OICA, Statista Analysis
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Passenger km by car / Capita in k pkm
Passenger km travelled by car. | Source: OECD, Statista Analysis
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Road passenger transport / Capita in pkm
Total movement of passengers on roads using inland transport on a given network. Data are expressed in passenger-kilometres, which represents the transport of each one passenger on a distance of one kilometre. | Source: OECD, Statista Analysis
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Rail passenger transport / Capita in pkm
Total movement of passengers by rail using inland transport on a given network. Data are expressed in passenger-kilometres, which represents the transport of each one passenger on a distance of one kilometre. | Source: OECD, Statista Analysis
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Rail lines in km
Rail lines are the length of railway route available for train service, irrespective of the number of parallel tracks. | Source: World Bank, Statista Analysis
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Number of air passengers carried in m
Number of passengers carried by air transport. | Source: OECD, Statista Analysis
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Pump price for gasoline / liter in US$
Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency using the average exchange rate of 2016. | Source: GIZ, World Bank, IMF, Statista Analysis
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Pump price for diesel fuel / liter in US$
Fuel prices refer to the pump prices of the most widely sold grade of diesel. Prices have been converted from the local currency using the average exchange rate of 2016. | Source: GIZ, World Bank, IMF, Statista Analysis
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Households in m
Total number of households in the selected region. | Source: Statista Analysis
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Urban Population Share in %
Share of population in the selected region living in urban areas. | Source: World Bank, Statista Analysis
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GDP / Capita in US$
Gross domestic product of the selected region in relation to the total population. | Source: IMF
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Source: Statista, September 2018
Source: Statista, September 2018, based on IMF, World Bank, UN and Eurostat

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