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The United States Commercial Vehicle Industry Outlook 2024 - 2028

See how the United States Commercial Vehicle performed compared to key markets such as Canada and Mexico.

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.

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The United States Commercial Vehicle Market Data and Forecasts

What is the size of the American Commercial Vehicle Market in 2024?

Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value in the US
Tractor, Bus and Truck Bodies Market Size Value in the US
Electrically Powered Trucks Market Size Value in the US
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How much will the United States Commercial Vehicle Market grow to 2028?

Forecast: Import of Trucks to the US
Forecast: Export of Trucks from the US
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