In the US, sales of industrial truck, tractor, trailer, and stacker machinery are valued at $8.6545 billion in 2023, with actual figures from 2013 to 2023 and forecast data from 2024 to 2028. Sales hit a low in 2016 at $8.3846 billion but demonstrated moderate recovery and stability from 2017 onwards. Year-on-year variations indicated minor declines in the mid-2010s with a shift towards incremental growth beginning in 2017. The compound annual growth rate (CAGR) over the last five years before 2023 stands at 0.13%. The forecasted sales ahead suggest a steady increase, reaching $8.7043 billion in 2028, translating to a forecasted CAGR of 0.09% for the next five years.
Future trends to watch include:
- Technological advancements and automation in machinery
- Increased focus on sustainability and eco-friendly solutions
- Global supply chain dynamics and impacts on domestic production and sales.
Latest reports
US Trucking Market Report- Q1 2025
The US trucking industry in Q1 2025 is undergoing significant transformations driven by technological advancements, regulatory changes, and economic dynamics. The focus is...
China Trucking Market Report- Q1 2025
The first quarter of 2025 marks a period of transformation for the trucking industry in China, driven by significant advancements in technology, evolving...
Japan Trucking Market Report- Q1 2025
In the first quarter of 2025, the trucking industry in Japan is undergoing a transformative phase characterized by significant technological advancements, regulatory changes,...
Germany Trucking Market Report- Q1 2025
The trucking industry in Germany is undergoing significant transformations in Q1 2025, driven by technological advancements, regulatory changes, and evolving customer demands. This...
India Trucking Market Report- Q1 2025
The trucking industry in India is undergoing significant transformation in Q1 2025, driven by various factors including technological advancements, evolving customer expectations, and...
UK Trucking Market Report- Q1 2025
In the first quarter of 2025, the UK trucking industry is undergoing a profound transformation influenced by regulatory, technological, and environmental changes. The...
France Trucking Market Report- Q1 2025
The trucking market in France during Q1 2025 is characterized by significant shifts towards sustainability and digitalization, driven by regulatory requirements and evolving...
Canada Trucking Market Report- Q1 2025
The Canadian trucking industry in Q1 2025 is navigating a complex landscape shaped by trade dynamics, technological advancements, and evolving customer expectations. This...
Brazil Trucking Market Report- Q1 2025
The Brazilian trucking industry in Q1 2025 is marked by dynamic changes and significant developments across various segments, influenced by economic, regulatory, and...
Italy Trucking Market Report- Q1 2025
The Italian trucking market in the first quarter of 2025 is undergoing significant transformation driven by technological advancements, regulatory changes, and evolving customer...
