In 2023, the import of diesel-powered trucks weighing more than 20 tonnes to the US stood at 1.805 billion USD. From this point, the forecasted values show a steady increase: 1.864 billion USD in 2024, rising to 2.112 billion USD by 2028. This represents a compound annual growth rate (CAGR) of approximately 3.2% over the five-year forecast period.
Future trends to watch for include:
- An increased focus on renewable energy might pressure the market for diesel trucks as electric alternatives gain popularity.
- Trade policies and tariffs could influence import volumes and diversification of suppliers.
- Technological advancements in trucking logistics and supply chain dynamics.