Report Update: Nov 1, 2024

World - Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Truck market

Truck market: get new statistics provided by an Ai-driven market research tool. Info include consumption, trade, market size, companies, production, imports, market prices, and exports. There is a split by country, including Africa, the U.S., China, Russia, the U.K., EU, Latin America, and the Middle East. Market dynamics and forecast to 2030 are also provided in the reports.

Truck - World's Largest Markets

Rating	Country
1	United States
2	China
3	Japan
4	France
5	Canada

In value terms, the United States, China and Japan appeared to be the countries with the highest levels of market value in 2020, with a combined 50% share of the global market. France, Canada, Mexico, the UK, India, Australia, Thailand, South Korea, Turkey and Russia lagged somewhat behind, together comprising a further 25%.

Among the main consuming countries, India recorded the highest rates of growth with regard to market size, over the period under review, while truck market for the other global leaders experienced more modest paces of growth.

Truck Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
China	5.5	3.8	3.8	-17.3%
Netherlands	8.8	8.7	6.7	-12.8%
Belgium	10	8.9	7.1	-16.0%
Poland	8.8	8.9	8.1	-4.5%
Italy	9	8.8	8.5	-2.9%
Turkey	8.3	8.2	8.7	2.4%
Germany	9.5	9	8.8	-3.5%
Japan	8.2	8.9	9.1	5.6%
Thailand	8.8	10	9.3	2.5%
Mexico	9	8.5	9.3	1.3%
France	9	9.4	9.6	3.4%
Spain	10	10	10	-0.7%
United States	12	11	11	-6.1%
Average	9	8.7	8.3	-3.8%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($11 per unit), while China ($3.8 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
France	10	9.4	11	1.4%
Germany	10	9.4	11	0.5%
Australia	9.5	10	10	2.9%
United Kingdom	9.9	9.9	10	0.6%
Belgium	10	9.7	9.9	-2.5%
Italy	8.9	8.6	9.6	4.0%
Netherlands	8.3	8.7	9	4.5%
Canada	8.4	8.2	8.2	-1.4%
United States	9	9.2	8.1	-5.3%
Average	8.2	8.4	8.1	-0.6%

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in France ($11 per unit) and Germany ($11 per unit), while the United States ($8.1 per unit) and Canada ($8.2 per unit) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Truck - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	28	32	25	-4.9%
Canada	13	15	12	-6.3%
Germany	6.6	7.4	6.5	-0.6%
France	7.4	7	6	-9.7%
United Kingdom	7.6	7.5	5.7	-12.8%

In value terms, the United States ($25B) constitutes the largest market for imported trucks worldwide, comprising 22% of global imports. The second position in the ranking was occupied by Canada ($11.8B), with a 11% share of global imports. It was followed by Germany, with a 5.8% share.

From 2018 to 2020, the average annual rate of growth in terms of value in the United States totaled -4.9%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (-6.3% per year) and Germany (-0.6% per year).

Truck - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Mexico	22	24	24	3.7%
United States	14	15	12	-6.6%
Germany	12	13	9.4	-11.9%
France	8.4	8.3	6.8	-9.7%
Japan	6.9	6	6.1	-5.5%

In value terms, the largest truck supplying countries worldwide were Mexico ($24.1B), the United States ($12.1B) and Germany ($9.4B), with a combined 42% share of global exports. These countries were followed by France, Japan, Thailand, Spain, Turkey, the Netherlands, Italy, Poland, Belgium and China, which together accounted for a further 40%.

The Netherlands recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Truck - Market Forecast

Driven by rising demand for truck worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Truck - Top Companies

Liaoning Ruicheng Liugong Machinery Equipment Co.,Ltd., Caterpillar Inc., KOMATSU LTD., Paccar Inc, HINO MOTORS, LTD., Dingsheng Tiangong Engineering Machinery Sales Co., Ltd., Liebherr-Intertrading SA, HITACHI CONSTRUCTION MACHINERY CO., LTD., Navistar International Corporation, SUMITOMO HEAVY INDUSTRIES, LTD., Sany Heavy Industry Co., Ltd., XCMG Construction Machinery Co., Ltd., Terex Corporation, Shanghai Zhenhua Heavy Industries Co., Ltd., J.C.B. SERVICE, EvoBus GmbH, Pierce Manufacturing, Inc., Clark Equipment Company, CATERPILLAR JAPAN LLC., NFI Group Inc

Truck - Product Coverage

HS 870421 - Vehicles; compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tons), nes in item no 8704.1
HS 870422 - Vehicles; compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 5 tons but not exceeding 20 tons), nes in item no 8704.1
HS 870423 - Vehicles; compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 20 tons), nes in item no 8704.1
HS 870431 - Vehicles; spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tons), nes in item no 8704.1
HS 870432 - Vehicles; spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. exceeding 5 tons), nes in item no 8704.1
HS 870490 - Vehicles; for transport of goods, n.e.s. in heading no. 8704

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global truck market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

Ford Motor Company, Daimler Trucks North America, General Motors Truck Company, Caterpillar, Chevrolet, BAE Systems, Chrysler, Crane Carrier Company, Dodge, Lincoln Motor Company, Jeep, AM General, Western Star Trucks, Thermo King, Autocar Company, Stemco, Harsco, Inovyn

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023