Northern America: Market for Road Tractors For Semi-Trailers 2025

Market Size for Road Tractors For Semi-Trailers in Northern America

In 2021, the North American road tractor for semi-trailer market increased by 10% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Road Tractors For Semi-Trailers in Northern America

In value terms, road tractor for semi-trailer production fell modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 102% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Road Tractors For Semi-Trailers

Exports in Northern America

In 2021, approx. X units of road tractors for semi-trailers were exported in Northern America; growing by 22% against 2020 figures. Overall, exports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 36% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, road tractor for semi-trailer exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 40%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, amounting to X units, which was approx. 97% of total exports in 2021. Canada (X units) took a minor share of total exports.

Exports from the United States decreased at an average annual rate of -3.4% from 2012 to 2021. Canada (-3.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest road tractor for semi-trailer supplier in Northern America, comprising 97% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled -5.1%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, with an increase of 7.4% against the previous year. Overall, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of 40%. Over the period under review, the export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.3%).

Imports of Road Tractors For Semi-Trailers

Imports in Northern America

In 2021, after two years of decline, there was significant growth in overseas purchases of road tractors for semi-trailers, when their volume increased by 45% to X units. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 51%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, road tractor for semi-trailer imports surged to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 45%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) represented the largest importer of road tractors for semi-trailers, constituting 62% of total imports. It was distantly followed by Canada (X units), comprising a 38% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +3.9%).

In value terms, the United States ($X) constitutes the largest market for imported road tractors for semi-trailers in Northern America, comprising 79% of total imports. The second position in the ranking was taken by Canada ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +5.9%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, reducing by -10.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by 12%. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.0%).

Source: IndexBox Platform

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