Between 2013 and 2023, the US truck market saw fluctuations in growth, reaching 9.3422 million units in 2023. The market experienced consistent growth from 2013 to 2019, followed by a significant drop in 2020 due to external shocks, before recovering rapidly in 2021 and continuing an upward trend through 2023. Year-on-year variation over the past two years was 6.48% in 2022 and 1.12% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.2%.
Looking forward, the truck market is forecasted to grow at a CAGR of 0.9% over the next five years, with an anticipated growth rate of 4.59% by 2028. Future trends to watch include advancements in electric truck technologies, regulatory changes affecting emissions, and shifts in logistics and supply chain requirements driven by e-commerce growth.
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...
