The sales of trucks, truck tractors, and bus chassis over 33,001 lb in the US, expressed in USD, are on an upward trajectory from 2024 to 2028, escalating from $20.681 billion to $21.88 billion. When examining the year-on-year growth, each subsequent year shows a steady increase, with growth rates consistently around the 1.5% range. The compound annual growth rate (CAGR) over these five years stands at approximately 1.4%, reflecting moderate but positive growth.
For 2023, it's important to note that the data stood just below the 2024 forecast, approximately at around $20.5 billion. This signifies a continual and healthy growth trend into 2024 and beyond.
Future trends to watch for:
- Technological advancements like electric and autonomous trucks.
- Impact of stricter environmental regulations on market sales.
- Potential economic factors influencing demand in the logistics and transportation sectors.
- Fluctuations due to global supply chain uncertainties and raw material prices.