In 2023, the import of work trucks except electrically powered to the US was at approximately 5.2 million kilograms. The forecasts for 2024 to 2028 show a consistent year-on-year decrease in volume, with imports expected to fall sharply from 4.489 million kilograms in 2024 to 1.8546 million kilograms in 2028. This indicates a declining trend with an average annual contraction (CAGR) over these five years.
Future trends to watch for include:
- Increased adoption of electric vehicles potentially impacting demand for non-electrically powered work trucks.
- Technological advancements leading to efficiency improvements in work truck logistics.
- Shifts in trade policies that may affect import volumes and market dynamics.