U.S.: Market for Motor Vehicle Chassis Fitted With Engines 2025

Market Size for Motor Vehicle Chassis Fitted With Engines in the U.S.

In 2022, the U.S. market for motor vehicle chassis fitted with engines increased by 0.5% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, showed a abrupt curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Motor Vehicle Chassis Fitted With Engines in the U.S.

In value terms, production of motor vehicle chassis fitted with engines fell slightly to $X in 2022. In general, production continues to indicate a deep reduction. The growth pace was the most rapid in 2015 with an increase of 13%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from the U.S.

In 2022, after two years of decline, there was growth in overseas shipments of motor vehicle chassis fitted with engines, when their volume increased by 1.2% to X units. Over the period under review, exports, however, faced a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 31% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines shrank to $X in 2022. In general, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 22%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Canada (X units) and Germany (X units) were the main destinations of exports of motor vehicle chassis fitted with engines from the United States, together accounting for 68% of total exports. Norway, Australia, Iraq, Taiwan (Chinese), Guatemala, Japan, Chile, Mexico and Singapore lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +50.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for motor vehicle chassis fitted with engines exports from the United States, comprising 67% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4.5% share of total exports. It was followed by Chile, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-9.0% per year) and Chile (-30.6% per year).

Export Prices by Country

In 2022, the average export price for motor vehicle chassis fitted with engines amounted to $X per unit, with a decrease of -10.5% against the previous year. Overall, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 21%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into the U.S.

In 2022, supplies from abroad of motor vehicle chassis fitted with engines increased by 53% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 353% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of motor vehicle chassis fitted with engines soared to $X in 2022. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 193% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X units) constituted the largest supplier of motor vehicle chassis fitted with engines to the United States, accounting for a 77% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from India exceeded the figures recorded by the second-largest supplier, Canada (X units), sevenfold. China (X units) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +82.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+51.9% per year) and China (+24.9% per year).

In value terms, India ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to the United States, comprising 59% of total imports. The second position in the ranking was held by Canada ($X), with a 19% share of total imports. It was followed by Mexico, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +91.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+50.8% per year) and Mexico (-0.2% per year).

Import Prices by Country

The average import price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, with an increase of 24% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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