The number of lorries up to 3500 kg in the US was projected at 144.79 million in 2024 from 143.50 million in 2023. The forecast shows a steady annual increase: 0.93% to 146.13 million in 2025, 0.90% to 147.44 million in 2026, 0.88% to 148.73 million in 2027, and 0.85% to 149.99 million in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 0.89%, reflecting stable growth.
Future trends to watch for:
- Technological advancements like electric lorries contributing to efficiency and sustainability.
- Regulatory impacts on emission laws influencing fleet compositions.
- Economic conditions affecting commercial transport demand.