Key Market Indicators
The American commercial vehicle registration is projected to decline to approximately 6.5 million units by 2028, down from around 6.9 million units in 2023. This represents a 1% annual decrease. Since 2010, the American market has seen an 11% year-on-year decline. In this ranking, Canada, Mexico, and Argentina occupy the second, third, and fourth spots, respectively. In contrast, American commercial vehicle production is expected to grow modestly. Production is set to reach about 8.5 million units by 2028, up from roughly 8.1 million units in 2023, marking a 0.7% annual growth rate. However, since 2002, American supply has decreased by 0.3% year on year. Mexico, China, and Canada rank second, third, and fourth in terms of production. The diesel truck market is also on the rise. Sales are projected to hit approximately $37.6 billion by 2028, up from around $35.5 billion in 2023, growing at an average annual rate of 1%. Demand has been increasing by 1.5% year on year. France, Italy, and Germany hold the second, third, and fourth positions in this market.
