Northern America: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Northern America

For the third consecutive year, the North American transportation vehicle body market recorded growth in sales value, which increased by 5.1% to $X in 2022. In general, consumption, however, showed a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Transportation Vehicle Body Production in Northern America

In value terms, transportation vehicle body production totaled $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 77%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Transportation Vehicle Body Exports

Exports in Northern America

Transportation vehicle body exports reduced rapidly to X units in 2022, which is down by -40% on 2021 figures. In general, exports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of 65% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, transportation vehicle body exports contracted notably to $X in 2022. Over the period under review, exports, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2013 with an increase of 83% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, recording X units, which was approx. 98% of total exports in 2022. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the bodies for motor vehicles for the transporting people exports, with a CAGR of +1.7% from 2012 to 2022. Canada (-6.6%) illustrated a downward trend over the same period. The United States (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -2.6% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest transportation vehicle body supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with an 8.8% share of total exports.

In the United States, transportation vehicle body exports increased at an average annual rate of +1.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, surging by 14% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 81%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+17.6%).

Transportation Vehicle Body Imports

Imports in Northern America

In 2022, overseas purchases of bodies for motor vehicles for the transporting people decreased by -16.8% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. As a result, imports reached the peak of X units, and then fell sharply in the following year.

In value terms, transportation vehicle body imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 20% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Canada (X units) represented the main importer of bodies for motor vehicles for the transporting people, constituting 79% of total imports. It was distantly followed by the United States (X units), constituting a 21% share of total imports.

Canada was also the fastest-growing in terms of the bodies for motor vehicles for the transporting people imports, with a CAGR of +17.4% from 2012 to 2022. The United States experienced a relatively flat trend pattern. While the share of Canada (+36 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-36.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported bodies for motor vehicles for the transporting people in Northern America, comprising 67% of total imports. The second position in the ranking was held by Canada ($X), with a 33% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +1.3%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, increasing by 44% against the previous year. In general, the import price, however, continues to indicate a abrupt decrease. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :