Key Market Indicators
American truck imports are projected to surge to approximately $38 billion by 2028, up from around $33 billion in 2023. This marks an annual compound growth rate (CAGR) of 2.2%. Since 1996, the demand for trucks in the U.S. has consistently climbed at an annual rate of 2.9%. On the export front, American truck exports are expected to reach roughly $18 billion by 2028, increasing from about $17 billion in 2023. This represents a CAGR of 1.3%. Over the years, starting from 1996, the supply of American trucks has grown annually by 1.7%.
