Truck Market in the United States
Market Overview
In 
, the U.S. truck market decreased by -% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, showed a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption reached the peak level of $. from 2015 to , the growth of the market remained at a somewhat lower figure.
In value terms, truck production dropped significantly to $ in . In general, the total production indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The growth pace was the most rapid in 2010 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level at $ in 2015; however, from 2016 to , production remained at a lower figure.
, the U.S. truck market decreased by -% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, showed a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption reached the peak level of $. from 2015 to , the growth of the market remained at a somewhat lower figure.In value terms, truck production dropped significantly to $
in . In general, the total production indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The growth pace was the most rapid in 2010 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level at $ in 2015; however, from 2016 to , production remained at a lower figure.Consumption
In , consumption of trucks decreased by -% to units, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 when the consumption volume increased by % year-to-year. As a result, consumption attained the peak volume of units. from 2015 to , the growth of the consumption remained at a lower figure.
The revenue of the truck market in United States dropped sharply to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a pronounced increase. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. As a result, consumption attained the peak level of $. from 2015 to , the growth of the market remained at a lower figure.
, consumption of trucks decreased by -% to units, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 when the consumption volume increased by % year-to-year. As a result, consumption attained the peak volume of units. from 2015 to , the growth of the consumption remained at a lower figure.The revenue of the truck market in United States dropped sharply to $
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a pronounced increase. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. As a result, consumption attained the peak level of $. from 2015 to , the growth of the market remained at a lower figure.Market Forecast
Driven by increasing demand for truck in United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . United States domestic supply is expected to continue its growth.
% in 2007 to % in . United States domestic supply is expected to continue its growth.Trade Balance
United States remains a net importer of truck; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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