World - Road Tractors For Semi-Trailers - Market Analysis, Forecast, Size, Trends and Insights
Tractor Market - Mexico Is the World's Leading Exporter of Road Tractors for Semi-Trailer, with $7.3B (2014)
Mexico claimed dominance on the tractor market. In 2014, Mexico exported 80.5 thousand units of road tractors for semi-trailers totaling 7.3 billion USD, 43.7% over the previous year. Its primary trading partner was the U.S., where it supplied 91.9% of its total road tractors for semi-trailers exports in value terms, accounting for 97.0% of total U.S. imports.
Overall, the global road tractors for semi-trailers trade reached 32.8 billion USD, with a CAGR of 2.2% from 2007 to 2014. In physical terms, it showed mixed dynamics, falling from 633 thousand units in 2007 to 616 thousand units in 2014.
The U.S. (29.4%), Canada (10.4%), Germany (6.3%), Poland (5.1) and France (4.9%) were the leading destinations of road tractors for semi-trailers imports in 2014, together making up 56.1% of global imports. The share of the U.S. increased significantly (+24 percentage points), while the share of Spain illustrated negative dynamics (-3 percentage points).
In 2014, Mexico, Germany and the Netherlands were the main global suppliers of road tractors for semi-trailers with a combined share of 55.3% of global exports. Mexico was also the fastest growing exporter from 2007 to 2014 (+29.7% per year), followed by Spain (+17.4% per year). With all this, Mexico significantly strengthened its position in the global exports structure, from 4% in 2007 to 22% in 2014.
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Source: IndexBox AI Platform
This report provides an in-depth analysis of the global market for road tractor for semi-trailer. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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