Truck Trailer Market Overview in the USA
In value terms, truck trailer production expanded markedly to $ in 2019. The total output value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by % y-o-y. Truck trailer production peaked in 2019 and is likely to see gradual growth in the near future.
The size of the truck trailer market in the U.S. rose sharply to $ in 2019, increasing 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, the total consumption indicated a resilient expansion from 2013 to 2019: its value increased at an average annual rate of +% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level in 2019 and is likely to see steady growth in years to come.