세계의 소형 트럭 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of light duty truck Market

The global light duty truck market is experiencing substantial expansion driven by e-commerce growth, urban logistics demand, and technological advancements. According to the latest industry estimates, the global light duty truck market was valued at USD 449.18 billion in 2024, underscoring strong demand across commercial and personal transportation applications. The market is projected to increase to USD 514.58 billion in 2025, supported by the rising interest in fuel-efficient and multipurpose vehicles. With continued electrification, infrastructure expansion, and fleet modernization, the market is expected to reach USD 944.57 billion by 2032, highlighting long-term growth momentum across global economies.

Market Highlights and Key Drivers

A light duty truck is designed to transport goods with a GVWR typically under 8,500 pounds (3,860 kg), making it suitable for commercial delivery, construction, utility, and personal use. Vehicle types include pickup trucks, cargo vans, and mini trucks, valued for their maneuverability, payload efficiency, and lower operating costs. In 2024, North America dominated the global market with a 41.65% share, driven by strong demand for pickup trucks, extensive road networks, and high consumer preference for utility vehicles.

E-commerce continues to be a major catalyst for market growth. Surging last-mile delivery requirements have prompted logistics providers to expand their fleets with efficient light duty trucks. Electrification is accelerating this trend, especially in urban zones with emission restrictions. For example, in October 2024, Chevrolet's BrightDrop 400 electric vans were deployed across major U.S. cities to support Walmart's InHome delivery initiative, reflecting commercial fleet transformation.

Market Restraints

Despite rising demand, stringent emission regulations and compliance costs remain key barriers. Manufacturers must invest heavily in electric drivetrains, hybrid technologies, and after-treatment systems to meet environmental standards, raising production costs that ultimately affect vehicle affordability. Smaller manufacturers face competitive disadvantages due to limited R&D capabilities, slowing market penetration in some regions.

Opportunities Shaping the Market

Technological innovation presents lucrative opportunities for stakeholders. Features such as ADAS, real-time telematics, predictive maintenance, smart routing, and IoT-based connectivity are becoming standard in modern light duty trucks. Advancements in battery performance, lightweight materials, and EV platforms support the transition toward electric vehicles, encouraging adoption across global logistics and urban delivery fleets. In 2022, WeRide demonstrated Robovan self-driving cargo vans, showcasing autonomous technology's potential for future growth.

Segmentation Overview

Class 1 vehicles dominated the market in 2024 due to widespread use in urban deliveries and personal transportation. Their affordability and ease of operation make them ideal for small businesses and urban logistics. Meanwhile, Class 2 vehicles are projected to experience strong growth, driven by construction, landscaping, and utility applications requiring higher payload capacity without moving into heavy-duty classifications.

In 2024, the 2WD configuration dominated due to lower costs and suitability for city infrastructure. The ICE powertrain remained the leading segment, driven by its affordability and existing global infrastructure. However, electric and hybrid light duty trucks are the fastest-growing categories, fueled by environmental regulations and growing interest in zero-emission fleets. Vehicle type analysis shows pickup trucks leading the market due to their durability, versatility, and strong consumer base, particularly in North America.

Regional Outlook

North America secured the leading share in 2024, valued at USD 187.08 billion, supported by strong consumer demand, mature automotive manufacturing capabilities, and advanced logistics networks. Europe holds the second-largest share, driven by strict CO2 emission targets and the rapid adoption of electric and hybrid light duty trucks. Asia Pacific is expected to grow at the fastest rate through 2032, supported by urbanization, expanding e-commerce, and rising adoption of electric mini trucks and vans in China, India, and Japan.

Conclusion

With a market size of USD 449.18 billion in 2024, rising to USD 514.58 billion in 2025, and projected to reach USD 944.57 billion by 2032, the global light duty truck market is positioned for steady and transformative growth. Increasing e-commerce activity, urban delivery needs, and accelerated electrification efforts will continue shaping the industry's trajectory through 2032.

Segmentation By Class

• Class 1
• Class 2

By Drive Configuration

• 2WD
• AWD

By Powertrain

• ICE
• Hybrid
• Electric

By Vehicle Type

• Vans
• Pickup Trucks
• Mini Trucks

By Component

• Engine and Powertrain
• Chassis & Suspension
• Body and Bed
• Braking and Steering
• Electrical & Cooling System
• Safety Features
• Wheels & Tires
• Other Components

By Application

• Delivery Services
• Construction & Landscaping
• Utility and Maintenance
• Small Business Operations
• Emergency Services
• Waste Management

By Region

• North America (By Class, By Drive Configuration, By Powertrain, By Vehicle Type, By Component, and By Application)
  • U.S. (By Vehicle Type)
  • Canada (By Vehicle Type)
  • Mexico (By Vehicle Type)
• Europe (By Class, By Drive Configuration, By Powertrain, By Vehicle Type, By Component, and By Application)
  • Germany (By Vehicle Type)
  • France (By Vehicle Type)
  • U.K. (By Vehicle Type)
  • Rest of Europe (By Vehicle Type)
• Asia Pacific (By Class, By Drive Configuration, By Powertrain, By Vehicle Type, By Component, and By Application)
  • China (By Vehicle Type)
  • India (By Vehicle Type)
  • Japan (By Vehicle Type)
  • South Korea (By Vehicle Type)
  • Rest of Asia Pacific (By Vehicle Type)
• Rest of the World (By Class, By Drive Configuration, By Powertrain, By Vehicle Type, By Component, and By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities
• 3.4. Market Trends

4. Key Insights

• 4.1. Key Industry Developments - Mergers, Acquisitions & Partnerships
• 4.2. Latest Technological Advancements
• 4.3. Porters Five Forces Analysis
• 4.4. EV Industry Outlook on the Global Light Duty Truck Market
• 4.5. Impact of Tariffs on Global Light Duty Truck Market

5. Global Light Duty Truck Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Definition
• 5.2. Market Analysis, Insights and Forecast - By Class
  • 5.2.1. Class 1
  • 5.2.2. Class 2
• 5.3. Market Analysis, Insights and Forecast - By Drive Configuration
  • 5.3.1. 2WD
  • 5.3.2. AWD
• 5.4. Market Analysis, Insights and Forecast - By Powertrain
  • 5.4.1. ICE
  • 5.4.2. Hybrid
  • 5.4.3. Electric
• 5.5. Market Analysis, Insights and Forecast - By Vehicle Type
  • 5.5.1. Vans
  • 5.5.2. Pickup Trucks
  • 5.5.3. Mini Trucks
• 5.6. Market Analysis, Insights and Forecast - By Component
  • 5.6.1. Engine and Powertrain
  • 5.6.2. Chassis & Suspension
  • 5.6.3. Body and Bed
  • 5.6.4. Braking and Steering
  • 5.6.5. Electrical & Cooling System
  • 5.6.6. Safety Features
  • 5.6.7. Wheels & Tires
  • 5.6.8. Other Components
• 5.7. Market Analysis, Insights and Forecast - By Application
  • 5.7.1. Delivery Services
  • 5.7.2. Construction & Landscaping
  • 5.7.3. Utility and Maintenance
  • 5.7.4. Small Business Operations
  • 5.7.5. Emergency Services
  • 5.7.6. Waste Management
• 5.8. Market Analysis, Insights and Forecast - By Region
  • 5.8.1. North America
  • 5.8.2. Europe
  • 5.8.3. Asia Pacific
  • 5.8.4. Rest of the World

6. North America Light Duty Truck Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Market Analysis, Insights and Forecast - By Class
  • 6.1.1. Class 1
  • 6.1.2. Class 2
• 6.2. Market Analysis, Insights and Forecast - By Drive Configuration
  • 6.2.1. 2WD
  • 6.2.2. AWD
• 6.3. Market Analysis, Insights and Forecast - By Powertrain
  • 6.3.1. ICE
  • 6.3.2. Hybrid
  • 6.3.3. Electric
• 6.4. Market Analysis, Insights and Forecast - By Vehicle Type
  • 6.4.1. Vans
  • 6.4.2. Pickup Trucks
  • 6.4.3. Mini Trucks
• 6.5. Market Analysis, Insights and Forecast - By Component
  • 6.5.1. Engine and Powertrain
  • 6.5.2. Chassis & Suspension
  • 6.5.3. Body and Bed
  • 6.5.4. Braking and Steering
  • 6.5.5. Electrical & Cooling System
  • 6.5.6. Safety Features
  • 6.5.7. Wheels & Tires
  • 6.5.8. Other Components
• 6.6. Market Analysis, Insights and Forecast - By Application
  • 6.6.1. Delivery Services
  • 6.6.2. Construction & Landscaping
  • 6.6.3. Utility and Maintenance
  • 6.6.4. Small Business Operations
  • 6.6.5. Emergency Services
  • 6.6.6. Waste Management
• 6.7. Market Analysis, Insights and Forecast - By Country
  • 6.7.1. U.S.
    • 6.7.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 6.7.2. Canada
    • 6.7.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 6.7.3. Mexico
    • 6.7.3.1. Market Analysis, Insights and Forecast - By Vehicle Type

7. Europe Light Duty Truck Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Market Analysis, Insights and Forecast - By Class
  • 7.1.1. Class 1
  • 7.1.2. Class 2
• 7.2. Market Analysis, Insights and Forecast - By Drive Configuration
  • 7.2.1. 2WD
  • 7.2.2. AWD
• 7.3. Market Analysis, Insights and Forecast - By Powertrain
  • 7.3.1. ICE
  • 7.3.2. Hybrid
  • 7.3.3. Electric
• 7.4. Market Analysis, Insights and Forecast - By Vehicle Type
  • 7.4.1. Vans
  • 7.4.2. Pickup Trucks
  • 7.4.3. Mini Trucks
• 7.5. Market Analysis, Insights and Forecast - By Component
  • 7.5.1. Engine and Powertrain
  • 7.5.2. Chassis & Suspension
  • 7.5.3. Body and Bed
  • 7.5.4. Braking and Steering
  • 7.5.5. Electrical & Cooling System
  • 7.5.6. Safety Features
  • 7.5.7. Wheels & Tires
  • 7.5.8. Other Components
• 7.6. Market Analysis, Insights and Forecast - By Application
  • 7.6.1. Delivery Services
  • 7.6.2. Construction & Landscaping
  • 7.6.3. Utility and Maintenance
  • 7.6.4. Small Business Operations
  • 7.6.5. Emergency Services
  • 7.6.6. Waste Management
• 7.7. Market Analysis, Insights and Forecast - By Country
  • 7.7.1. Germany
    • 7.7.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 7.7.2. France
    • 7.7.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 7.7.3. U.K.
    • 7.7.3.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 7.7.4. Rest of Europe
    • 7.7.4.1. Market Analysis, Insights and Forecast - By Vehicle Type

8. Asia Pacific Light Duty Truck Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Market Analysis, Insights and Forecast - By Class
  • 8.1.1. Class 1
  • 8.1.2. Class 2
• 8.2. Market Analysis, Insights and Forecast - By Drive Configuration
  • 8.2.1. 2WD
  • 8.2.2. AWD
• 8.3. Market Analysis, Insights and Forecast - By Powertrain
  • 8.3.1. ICE
  • 8.3.2. Hybrid
  • 8.3.3. Electric
• 8.4. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.4.1. Vans
  • 8.4.2. Pickup Trucks
  • 8.4.3. Mini Trucks
• 8.5. Market Analysis, Insights and Forecast - By Component
  • 8.5.1. Engine and Powertrain
  • 8.5.2. Chassis & Suspension
  • 8.5.3. Body and Bed
  • 8.5.4. Braking and Steering
  • 8.5.5. Electrical & Cooling System
  • 8.5.6. Safety Features
  • 8.5.7. Wheels & Tires
  • 8.5.8. Other Components
• 8.6. Market Analysis, Insights and Forecast - By Application
  • 8.6.1. Delivery Services
  • 8.6.2. Construction & Landscaping
  • 8.6.3. Utility and Maintenance
  • 8.6.4. Small Business Operations
  • 8.6.5. Emergency Services
  • 8.6.6. Waste Management
• 8.7. Market Analysis, Insights and Forecast - By Country
  • 8.7.1. China
    • 8.7.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.7.2. Japan
    • 8.7.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.7.3. India
    • 8.7.3.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.7.4. South Korea
    • 8.7.4.1. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.7.5. Rest of Asia Pacific
    • 8.7.5.1. Market Analysis, Insights and Forecast - By Vehicle Type

9. Rest of the World Light Duty Truck Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Market Analysis, Insights and Forecast - By Class
  • 9.1.1. Class 1
  • 9.1.2. Class 2
• 9.2. Market Analysis, Insights and Forecast - By Drive Configuration
  • 9.2.1. 2WD
  • 9.2.2. AWD
• 9.3. Market Analysis, Insights and Forecast - By Powertrain
  • 9.3.1. ICE
  • 9.3.2. Hybrid
  • 9.3.3. Electric
• 9.4. Market Analysis, Insights and Forecast - By Vehicle Type
  • 9.4.1. Vans
  • 9.4.2. Pickup Trucks
  • 9.4.3. Mini Trucks
• 9.5. Market Analysis, Insights and Forecast - By Component
  • 9.5.1. Engine and Powertrain
  • 9.5.2. Chassis & Suspension
  • 9.5.3. Body and Bed
  • 9.5.4. Braking and Steering
  • 9.5.5. Electrical & Cooling System
  • 9.5.6. Safety Features
  • 9.5.7. Wheels & Tires
  • 9.5.8. Other Components
• 9.6. Market Analysis, Insights and Forecast - By Application
  • 9.6.1. Delivery Services
  • 9.6.2. Construction & Landscaping
  • 9.6.3. Utility and Maintenance
  • 9.6.4. Small Business Operations
  • 9.6.5. Emergency Services
  • 9.6.6. Waste Management

10. Competitive Analysis

• 10.1. Key Industry Developments
• 10.2. Global Market Rank Analysis (2024)
• 10.3. Competitive Dashboard
• 10.4. Comparative Analysis - Major Players
• 10.5. Company Profiles
  • 10.5.1. Ford Motor Company (U.S.)
    • 10.5.1.1. Overview
    • 10.5.1.2. Products & services
    • 10.5.1.3. SWOT Analysis
    • 10.5.1.4. Recent Developments
    • 10.5.1.5. Strategies
    • 10.5.1.6. Financials (Based on Availability)
  • 10.5.2. General Motors (U.S.)
    • 10.5.2.1. Overview
    • 10.5.2.2. Products & services
    • 10.5.2.3. SWOT Analysis
    • 10.5.2.4. Recent Developments
    • 10.5.2.5. Strategies
    • 10.5.2.6. Financials (Based on Availability)
  • 10.5.3. Stellantis (Netherlands)
    • 10.5.3.1. Overview
    • 10.5.3.2. Products & services
    • 10.5.3.3. SWOT Analysis
    • 10.5.3.4. Recent Developments
    • 10.5.3.5. Strategies
    • 10.5.3.6. Financials (Based on Availability)
  • 10.5.4. Toyota Motor Corporation (Japan)
    • 10.5.4.1. Overview
    • 10.5.4.2. Products & services
    • 10.5.4.3. SWOT Analysis
    • 10.5.4.4. Recent Developments
    • 10.5.4.5. Strategies
    • 10.5.4.6. Financials (Based on Availability)
  • 10.5.5. Mercedes-Benz (Germany)
    • 10.5.5.1. Overview
    • 10.5.5.2. Products & services
    • 10.5.5.3. SWOT Analysis
    • 10.5.5.4. Recent Developments
    • 10.5.5.5. Strategies
    • 10.5.5.6. Financials (Based on Availability)
  • 10.5.6. Volkswagen Commercial Vehicles (Germany)
    • 10.5.6.1. Overview
    • 10.5.6.2. Products & services
    • 10.5.6.3. SWOT Analysis
    • 10.5.6.4. Recent Developments
    • 10.5.6.5. Strategies
    • 10.5.6.6. Financials (Based on Availability)
  • 10.5.7. ISUZU Motors Ltd. (Japan)
    • 10.5.7.1. Overview
    • 10.5.7.2. Products & services
    • 10.5.7.3. SWOT Analysis
    • 10.5.7.4. Recent Developments
    • 10.5.7.5. Strategies
    • 10.5.7.6. Financials (Based on Availability)
  • 10.5.8. Nissan Motors Co. (Japan)
    • 10.5.8.1. Overview
    • 10.5.8.2. Products & services
    • 10.5.8.3. SWOT Analysis
    • 10.5.8.4. Recent Developments
    • 10.5.8.5. Strategies
    • 10.5.8.6. Financials (Based on Availability)
  • 10.5.9. Hyundai Motor Company (South Korea)
    • 10.5.9.1. Overview
    • 10.5.9.2. Products & services
    • 10.5.9.3. SWOT Analysis
    • 10.5.9.4. Recent Developments
    • 10.5.9.5. Strategies
    • 10.5.9.6. Financials (Based on Availability)
  • 10.5.10. Tata Motors (India)
    • 10.5.10.1. Overview
    • 10.5.10.2. Products & services
    • 10.5.10.3. SWOT Analysis
    • 10.5.10.4. Recent Developments
    • 10.5.10.5. Strategies
    • 10.5.10.6. Financials (Based on Availability)
  • 10.5.11. Mahindra and Mahindra (India)
    • 10.5.11.1. Overview
    • 10.5.11.2. Products & services
    • 10.5.11.3. SWOT Analysis
    • 10.5.11.4. Recent Developments
    • 10.5.11.5. Strategies
    • 10.5.11.6. Financials (Based on Availability)
  • 10.5.12. Fuso Truck (Japan)
    • 10.5.12.1. Overview
    • 10.5.12.2. Products & services
    • 10.5.12.3. SWOT Analysis
    • 10.5.12.4. Recent Developments
    • 10.5.12.5. Strategies
    • 10.5.12.6. Financials (Based on Availability)