Automotive and pickup truck markets projected to see steady growth

Recent market research reports from Data Bridge Market Research highlight growth trends within the automotive and pickup truck sectors.

The global pickup truck market, valued at USD 18.36 billion in 2025, is projected to reach USD 21.69 billion by 2033, representing a compound annual growth rate (CAGR) of 2.10%. The market is segmented by vehicle size—compact, mid-size, and full-size—and by fuel type, including gasoline, diesel, and electric/hybrid variants.

Separately, the global automotive aftermarket market is expected to expand significantly. Valued at USD 430.51 billion in 2024, the sector is forecasted to reach USD 624.04 billion by 2032, with a CAGR of 4.75%. This growth is attributed to rising vehicle ownership and the expansion of digitalization and e-commerce. The aftermarket includes products such as parts, accessories, and chemicals, as well as maintenance and repair services.