Light truck retail sales in the United States increased to 12.4 million units in 2023. This was a year-over-year increase in sales of some 13.7 percent compared to 2022. 2022 was the second drop in sales in a decade, after the drop reported in 2020, at the onset of the COVID-19 pandemic. Sales had been increasing since 2010, when the auto industry began recovering from low vehicle purchases after the 2008-2009 financial crisis. In 2023, sales of light trucks accounted for about 79.9 percent of the approximately 15.5 million light vehicles sold in the United States. Ford, with its signature truck, the Ford F-150, was one of the leading North American car brands in the United States. Why are consumers buying trucks now? Before the coronavirus pandemic hit in 2020, the U.S. economy had largely recovered from the woes of the financial crisis and unemployment in the United States fell to 3.7 percent in 2019. This meant that consumers were better able to purchase new vehicles. Similarly, due to lower gasoline and diesel fuel prices, motorists were more willing to buy trucks over smaller, more fuel-efficient sedans. 2022 presented a challenge for this automotive market, with Russia's war on Ukraine leading to motor fuel price inflation and to higher new and used car prices.

This dataset is an extremely challenging set of over 20,000+ original Construction vehicle images captured and crowdsourced from over 600+ urban and rural areas, where each image is manually reviewed and verified by computer vision professionals at Datacluster Labs.

Dataset Features Dataset size : 20,000+ Captured by : Over 1000+ crowdsource contributors Resolution : 100% of the images are HD and above (1920x1080 and above) Location : Captured with 600+ cities accross India Diversity : Various lighting conditions like day, night, varied distances, view points etc. Device used : Captured using mobile phones in 2020-2022

Usage : Construction site object detection, workplace safety monitoring, self driving systems, etc.

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COCO, YOLO, PASCAL-VOC, Tf-Record

To download full datasets or to submit a request for your dataset needs, please drop a mail on sales@datacluster.ai . Visit www.datacluster.ai to know more.

This dataset is collected by DataCluster Labs. To download full dataset or to submit a request for your new data collection needs, please drop a mail to: sales@datacluster.ai

In 2021, some 3.3 million automobiles, about 11.6 million light trucks, and some 451,400 heavy-duty trucks were sold to customers in the United States. The U.S. auto industry sold about 15.5 million motor vehicles in 2021—a slow recovery compared to 2020. Retail sales of motor vehicles declined significantly during the coronavirus pandemic in 2020. Pickup truck sales were the least affected by the pandemic because of their popularity in states with less stringent COVID measures.

Mass motorization fuels the market

As of 2022, over 76 percent of the U.S. population reported having access to their own car, with an additional 19 percent having access to a company or family car. This reliance on passenger vehicles is partly due to the U.S.’s extensive road network, which creates an incentive toward mass motorization and leads to higher demands, boosting the U.S. automotive market. As of March 2022, 48 percent of consumers in the United States reported they intended to purchase a car.

A success at risk due to the chip shortage

With over 1.5 trillion U.S. dollars in revenue from road vehicle and parts retail trade, the sector has swiftly recovered from the COVID-19 pandemic due to the rise in light truck sales. In contrast, interest in automobiles has been nosediving since 2015, as the U.S. consumers moved away from smaller models. Light trucks might, however, might fall victim to their own success. The global automotive chip shortage is an ongoing challenge in the industry. While passenger vehicle demand remains high, the monthly inventory-to-sales ratio has been nosediving since April 2020.

With year-end sales of nearly 750,800 units, the Ford F-Series was the best-selling light truck in the United States in 2023. The Ford F-Series is a series of full-size pickup trucks, the most popular variant being the F-150. The 14th generation of this model was released in 2020, with a fully electric version of the vehicle unveiled in 2021. Light trucks account for two-thirds of light vehicle sales in the United States After years of recovery in demand for vehicles, U.S. car and light truck sales growth slowed down in 2019, compared with the year before. The slow-down continued, as the coronavirus pandemic hit the sector. Russia's war on Ukraine, inflation, and supply chain shortages further hindered the sector's recovery in 2022. U.S. light vehicle sales came to around 13.75 million units in 2022, some 10.9 million of which were light trucks. This drop in sales is in part due to the global chip shortage which impacted the automotive industry in 2021 and 2022 and led to manufacturers like Toyota having to shut down factories worldwide. U.S. customers show a preference for domestic brands With the exception of Toyota pickups, light trucks built by U.S.-based automakers continue to be favorites among U.S. vehicle buyers. The Ford F-Series, which has been one of the most popular automobiles with U.S. buyers for years, was ranked as the best-selling light truck in the United States at year-end 2022. The following spots were claimed by GM’s Chevrolet Silverado and Chrysler’s Ram Pickup. Tesla has the potential to join the pack with its widely anticipated Cybertruck model, though delays have pushed back its production to at least two years after its initial production target date.

Net used light truck purchases in the United States stood at nearly 194.8 billion U.S. dollars in the second quarter of 2022, compared to just around 52.1 billion U.S. dollars for used cars. Net purchases of used cars had been slowly dipping down since the first quarter of 2018, before picking slightly back up during the COVID-19 pandemic. Car sales in the U.S. had overall been declining, with light trucks becoming the more popular vehicle type.

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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 Cust

Graph and download economic data for Consumer Price Index for All Urban Consumers: New Cars and Trucks in Size Class A (CUURA000SS4501A) from Dec 1997 to Mar 2022 about trucks, vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

Imports of Trucks in China decreased to 47741 USD Thousand in February from 56555 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Imports of Trucks.

No of Motor Vehicles: Trucks: West Java data was reported at 831,978.000 Unit in 2018. This records an increase from the previous number of 801,665.000 Unit for 2017. No of Motor Vehicles: Trucks: West Java data is updated yearly, averaging 483,027.500 Unit from Dec 2003 to 2018, with 16 observations. The data reached an all-time high of 831,978.000 Unit in 2018 and a record low of 239,259.000 Unit in 2003. No of Motor Vehicles: Trucks: West Java data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.RAD004: Number of Motor Vehicle Registered: Trucks.

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The heavy-duty trucks market has the potential to grow by 474.96 thousand units during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 5.55%.

This heavy-duty trucks market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by GVWR (class 8 and class 7) and geography (APAC, Europe, North America, South America, and MEA). The heavy-duty trucks market report also offers information on several market vendors, including AB Volvo, BYD Co. Ltd., CNH Industrial NV, Daimler AG, Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Scania AB, Tesla Inc., and Volkswagen AG among others.

What will the Heavy-duty Trucks Market Size be in 2021?

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Heavy-duty Trucks Market: Key Drivers and Trends

The increasing demand for heavy-duty trucks in emerging countries is notably driving the heavy-duty trucks market growth, although factors such as high manufacturing costs of heavy-duty trucks may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the heavy-duty trucks industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

      One of the key factors driving growth in the heavy-duty trucks market is the increasing demand for heavy-duty trucks in emerging countries.
      The growth of the market is highly dependent on the demand for and production of such trucks across the globe.
      High demand in the heavy-duty truck market is expected from India owing to the increasing manufacturing activities, which generates high demand for transportation and logistics services.
      The country is also experiencing rapid economic growth, which increases the GDP.
      Eastern Europe is expected to account for a significant portion of the adoption of heavy-duty trucks as countries in this region are witnessing rapid economic growth, which can be positively correlated with the accelerating demand for transportation and logistics.




      The growing demand for heavy-duty trucks from truck rental service providers is another major factor supporting the heavy-duty trucks market share growth.
      Cash inflows from businesses, equipment utilization, time utilization, and higher prices are the factors contributing to the truck rental service market growth.
      The mounting cost pressure on fleet operators has made it imperative for them to adopt flexible ways to run fleets during peak demand across industries such as construction and logistics.
      Heavy-duty truck manufacturers are witnessing a considerable increase in their sales volume, owing to the relatively greater adoption of these trucks in truck rental services as compared with retail sales.
      The growth in truck rental service providers through location expansions and wide service offerings is boosting them to adopt heavy-duty trucks.

This heavy-duty trucks market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Heavy-duty Trucks Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

AB Volvo
BYD Co. Ltd.
CNH Industrial NV
Daimler AG
Hino Motors Ltd.
Navistar International Corp.
PACCAR Inc.
Scania AB
Tesla Inc.
Volkswagen AG

This statistical study of the heavy-duty trucks market encompasses successful business strategies deployed by the key vendors. The heavy-duty trucks market is concentrated and the vendors are deploying growth strategies such as pricing and marketing strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The heavy-duty trucks market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Heavy-duty Trucks Market?

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58% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for heavy-duty trucks market in APAC. Market growth in th

No of Motor Vehicles: Trucks: West Sumatera data was reported at 187,412.000 Unit in 2018. This records an increase from the previous number of 180,584.000 Unit for 2017. No of Motor Vehicles: Trucks: West Sumatera data is updated yearly, averaging 133,372.500 Unit from Dec 2003 to 2018, with 16 observations. The data reached an all-time high of 187,412.000 Unit in 2018 and a record low of 52,340.000 Unit in 2003. No of Motor Vehicles: Trucks: West Sumatera data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.RAD004: Number of Motor Vehicle Registered: Trucks.

No of Motor Vehicles: Trucks: East Java data was reported at 650,829.000 Unit in 2018. This records an increase from the previous number of 627,116.000 Unit for 2017. No of Motor Vehicles: Trucks: East Java data is updated yearly, averaging 440,282.500 Unit from Dec 2003 to 2018, with 16 observations. The data reached an all-time high of 650,829.000 Unit in 2018 and a record low of 267,742.000 Unit in 2003. No of Motor Vehicles: Trucks: East Java data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.RAD004: Number of Motor Vehicle Registered: Trucks.

No of Motor Vehicles: Trucks: South Kalimantan data was reported at 291,488.000 Unit in 2018. This records an increase from the previous number of 280,868.000 Unit for 2017. No of Motor Vehicles: Trucks: South Kalimantan data is updated yearly, averaging 155,946.000 Unit from Dec 2003 to 2018, with 16 observations. The data reached an all-time high of 291,488.000 Unit in 2018 and a record low of 36,707.000 Unit in 2003. No of Motor Vehicles: Trucks: South Kalimantan data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.RAD004: Number of Motor Vehicle Registered: Trucks.

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Europe - Heavy-duty Trucks Market 2023-2027

The Europe - heavy-duty trucks market size is estimated to grow at a CAGR of 6.91% between 2022 and 2027. The market size is forecast to increase by USD 13,388.66 million. The growth of the market depends on several factors such as the increasing demand for HD trucks in Eastern Europe, the growing demand for HD trucks from truck rental service providers, and stringent emission standards for HD trucks. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

This report extensively covers market segmentation by type (3.5 to 16 tonnes and over 16 tonnes), and fuel type (diesel powered, gasoline powered, electric powered, and solar powered). It also includes an in-depth analysis of drivers, trends, and challenges.

What will be the size of the Europe Heavy-duty Trucks Market During the Forecast Period?

Europe Heavy-duty Trucks Market Forecast 2023-2027

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Europe Heavy-duty Trucks Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.

Driver- Increasing demand for HD trucks in Eastern Europe

Eastern Europe is expected to account for a significant portion of the adoption of HD trucks in Europe due to factors such as the increase in manufacturing activities and improvement in road infrastructure driving the demand for HD trucks in Eastern European countries. In addition, countries in this region are witnessing faster economic growth, which can be positively correlated with the accelerating demand for transportation and logistics.

Besides, Eastern European economies attract many prominent manufacturers due to the low cost of manufacturing supported by lower labor costs. These economies rely heavily on exporting the finished products/goods to the rest of Europe, which acts as an enabler for the HD trucks market in Europe, as road transportation is a prominent medium for goods transportation in the region. Therefore, the rising demand for HD trucks in Eastern Europe will drive the growth of the market during the forecast period.

Trends- Development of multi-brand truck platooning in Europe

The truck platooning concept has gained interest from prominent automotive manufacturers. Truck platooning involves traveling multiple trucks at an aerodynamic distance and driving cooperatively by maintaining the distance at high speeds. A truck platoon is like a train's compartment-like arrangement but with physical disconnects. Nowadays, truck platooning is being tested by market players across the globe with the aim of commercializing the technology.

Moreover, the adoption of multi-brand truck platooning will be approvingly beneficial to European countries as it enhances fuel economy, lowers emissions, ensures traffic safety, and enhances fleet operator efficiency. Technavio expects such developments to positively impact the growth of the Europe heavy-duty trucks market during the forecast period.

Challenge- High cost associated with HD trucks

An increase in the price of raw materials such as stainless steel, hardened steel, cast iron, and other metal alloys has resulted in a subsequent increase in the manufacturing cost of trucks. Inflated manufacturing costs have reduced the profit margins for OEMs. In addition, HD trucks require continual maintenance and repairs, which add to the total cost of ownership. Further, the implementation of stringent regulations to decrease emissions is contributing to the increase in manufacturing costs, which is exerting cost pressure on the OEMs.

Moreover, large-mile travel has a positive impact on the TCO of electric trucks as compared to diesel trucks. However, most of the purchases made in the Europe - heavy-duty trucks market are based on the upfront cost, which is high for both diesel and electric trucks. Therefore, such factors will prove to be a considerable challenge for the high-volume adoption of HD trucks in Europe and hinder the growth of the market in focus during the forecast period.

Europe Heavy-duty Trucks Market Segmentation by Type and Fuel Type

Type Segment Analysis:

The 3.5 to 16 tonnes segment will account for a major share of the market's growth during the forecast period.?HD trucks with weight capacities ranging from 3.5 to 16 tonnes are designed to handle a wide range of transportation needs, making them indispensable in various industries and applications such as in the construction industry. One of the defining features of HD trucks in this weight class is their adaptability. They are well-s

Heavy Duty Trucks Market size was valued at USD 217.02 Billion in 2023 and is projected to reach USD 350.28 Billion by 2031, growing at a CAGR of 6.17% from 2024 to 2031.

Key Market Drivers
Environmental Regulations and Sustainability Initiatives: Increasing global environmental restrictions and a push for sustainability are propelling the heavy-duty truck market toward cleaner, more efficient vehicles. Manufacturers are investing in electric, hydrogen, and alternative fuel trucks to meet strict pollution regulations and minimize the carbon footprint of logistical operations.
Growth in E-commerce and Logistics: E-commerce’s exponential growth, as well as the expansion of logistics and freight operations, are key drivers. This increase in demand for heavy-duty vehicles for transportation and delivery services is driving the market toward larger fleets and more efficient distribution networks.
Technological Advancements and Automation: Advances in technology, such as autonomous driving, telematics, and connection, are revolutionizing the heavy-duty truck market. These advancements enhance safety, efficiency, and productivity, prompting fleet owners to invest in newer, more technologically equipped trucks to gain a competitive advantage.
Infrastructure Development and Urbanization: Rapid urbanization and infrastructure development projects around the world are driving up demand for heavy-duty trucks in construction, mining, and other industries. The demand for strong trucks capable of delivering huge loads over long distances is increasing, resulting in market growth.

Automotive Heavy Trucks Market OverviewThe heavy-duty truck market size was 3.1 million units in 2023. The market will grow at a CAGR of more than 3% during 2023-2028. Significa Read More

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Used Trucks Market Forecast 2024-2028

The Used Trucks Market is forecast to increase by USD 13.37 billion, at a CAGR of 5.38% between 2023 and 2028. The growth of the market depends on several factors expanded value proposition of used trucks, comprehensive quality checking systems deployed by used truck dealers, and increasing penetration of online truck websites.

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

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Market Dynamics

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 Market Driver

The expanded value proposition of used trucks is notably driving market growth. Buying a used truck involves significantly lower investments than purchasing a new vehicle. Adherence to stringent manufacturing regulations and quality standards has ensured enhanced build quality in trucks. The influx of newer models and automotive technology advancements is driving truck owners to sell existing vehicles and buy upgraded models. This buying cycle among consumers has led to a steady increase in the supply of used trucks. Reduced prices of these trucks and their increased operational quality are expected to boost the demand from various customer segments during the forecast period.

Moreover, truck buyers take a keen interest in the scope of the resale value of their vehicles. This prompts them to install various aftermarket fitments to raise the intrinsic value of vehicles. For instance, owners are known to retrofit their vehicles with air deflectors and side extenders to ramp up resale values. Thus, the expanded value proposition of these trucks will drive the growth of the market during the forecast period.

Key Market Trends

Touchpoint management systems integrated with artificial intelligence is an emerging trend shaping market growth. Touchpoint management techniques have been leveraged in various industries to bridge the gap between the buyer and seller. Shopping has been redefined to provide a positive and rewarding experience for the customer. Unique touchpoint management techniques are being used by online retail stores and electronic stores to understand customer needs. Automotive dealers are also employing improved touchpoint management systems to enhance customer satisfaction.

However, the integration of artificial intelligence programs with online websites has helped raise customer satisfaction in terms of finding a product, collecting information, and comparing prices. The integration of artificial intelligence frees human service personnel to execute other duties. Prompt responses offered to customer queries are expected to improve the dealer-customer relationship, which, in turn, will drive the growth of the market during the forecast period.

Major Market Challenge

Reducing profit margins of used trucks is a significant challenge hindering market development. A higher supply of used trucks in the market will bring down their prices, leading to lower profit margins for used truck dealers and aggravating market uncertainty. A large number of heavy goods vehicle entering the global market are driving dealers to lower prices to attract potential customers. The increased supply of such heavy goods vehicle is leading to a rise in operating costs, such as maintenance and repair costs. The lineup of such trucks is leading to an increase in the number of options for customers, which is generating less value for owners.

However, truck buyers increasingly prefer newer truck models as such vehicles offer higher fuel efficiency, driver-assist features, and adhere to the latest emission standards. Technological innovations in heavy goods vehicles are making obsolete such heavy goods vehicle that may be just five years old. As buyers preferences are getting more focused toward newly launched models, the rising supply of such heavy goods vehicle will further weaken the pricing strategy of dealers, which, in turn, will hamper the growth of the market during the forecast period.

Market Customer Landscape

The market forecasting 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 market analysis and report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Who are the Major 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.

A