U.S. - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTruck Prices in the United States
U.S. Truck Import Price in August 2022
In August 2022, the truck price amounted to $33K per unit (CIF, US), increasing by 3.8% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 7.4% month-to-month. The import price peaked in August 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($39K per unit), while the price for Spain ($24K per unit) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
U.S. Truck Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In August 2022, the product with the highest price was goods vehicles, with compression-ignition internal combustion piston engine ($45K per unit), while the price for goods vehicles, with spark-ignition internal combustion piston engine totaled $28K per unit.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by goods vehicle, with spark-ignition internal combustion piston engine (+1.2%).
U.S. Truck Imports
In August 2022, truck imports into the United States shrank to 83K units, falling by -6.3% compared with the previous month. The total import volume increased at an average monthly rate of +1.5% over the period from January 2022 to August 2022; the trend pattern remained consistent, with only minor fluctuations in certain months. The most prominent rate of growth was recorded in March 2022 with an increase of 25% month-to-month. Over the period under review, imports reached the maximum at 92K units in May 2022; afterwards, it flattened through to August 2022.
In value terms, truck imports dropped modestly to $2.7B (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +2.5% from January 2022 to August 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth appeared the most rapid in March 2022 with an increase of 23% month-to-month. Imports peaked at 2.9B units in May 2022; however, from June 2022 to August 2022, imports remained at a lower figure.
U.S. Truck Imports by Type
In August 2022, goods vehicles, with spark-ignition internal combustion piston engine (59K units) constituted the largest type of truck supplied to the United States, with a 72% share of total imports. Moreover, goods vehicles, with spark-ignition internal combustion piston engine exceeded the figures recorded for the second-largest type, goods vehicles, with compression-ignition internal combustion piston engine (23K units), threefold.
From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of goods vehicles, with spark-ignition internal combustion piston engine amounted to +1.3%.
In value terms, the most traded types of trucks in the United States were goods vehicles, with spark-ignition internal combustion piston engine ($1.7B) and goods vehicles, with compression-ignition internal combustion piston engine ($1.1B).
U.S. Truck Imports by Country
In August 2022, Mexico (70K units) constituted the largest supplier of truck to the United States, with a 85% share of total imports. Moreover, truck imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (8.6K units), eightfold. The third position in this ranking was taken by Japan (2.3K units), with a 2.7% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+40.7% per month) and Japan (+5.5% per month).
In value terms, Mexico ($2.3B) constituted the largest supplier of truck to the United States, comprising 83% of total imports. The second position in the ranking was held by Canada ($336M), with a 12% share of total imports. It was followed by Japan, with a 2.6% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of value from Mexico was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+28.7% per month) and Japan (+5.1% per month).
This report provides an in-depth analysis of the truck market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
607
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This report provides an in-depth analysis of the truck market in the U.S..
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This report provides an in-depth analysis of the petroleum-engine cargo trucks market in the U.S..
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This report provides an in-depth analysis of the global truck market.
170
In December 2022, the truck price amounted to $33,635 per unit (CIF, US), growing by 3.4% against the previous month.
309
After a deep drop in 2020, U.S. truck imports picked up 19% to $29.7B in 2021. In physical terms, supplies grew by 13% to 973K units.
712
The revenue of the truck market in the U.S. amounted to $46.8B in 2018, picking up by 9.5% against the previous year....
3190
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
760
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
170
In December 2022, the truck price amounted to $33,635 per unit (CIF, US), growing by 3.4% against the previous month.
309
After a deep drop in 2020, U.S. truck imports picked up 19% to $29.7B in 2021. In physical terms, supplies grew by 13% to 973K units.
712
The revenue of the truck market in the U.S. amounted to $46.8B in 2018, picking up by 9.5% against the previous year....
3190
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
760
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
