U.S. Heavy Duty Truck Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Heavy Duty Truck Market - Net U.S. Heavy Duty Truck Imports Growing Significantly, Following Rocketing Imports from Mexico
The U.S. dominates in global imports on the heavy duty truck market, accounting for a X% share (based on USD). It was followed by Canada (X%), Germany (X%) and France (X%). In 2015, U.S. heavy duty truck imports totaled X million USD, which was X million USD (+X%) more than the year before.
From 2007 to 2015, U.S. heavy duty truck imports showed mixed dynamics. A slight drop in 2009 was followed by rocketing growth over the next six years. There was an annual increase of +X% throughout the period from 2010 (since recovery started) to 2015. In 2011, U.S. heavy duty truck importers overcame the pre-recession imports level achieved in 2007.
Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers.
Mexico was the major supplier of heavy duty truck into the U.S., with a X% share of total U.S. imports in 2015. Moreover, Mexico was the fastest growing supplier with an annual growth rate of +X% from 2007 to 2015. Therefore, Mexico significantly strengthened its position in the U.S. import structure, from X% in 2007 to X% in 2015. By contrast, Canada saw its share reduced to X%.
From 2007 to 2015, the U.S. was a net importer of heavy duty truck. Moreover, imports grew faster than exports on average over the period under review.
Net US imports of heavy duty truck showed an upward trend over the period under review. In 2015, this industry ran a significant trade deficit of X million USD, approximately X% of gross imports.
Do you want to know more about the U.S. heavy duty truck market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- heavy duty truck market share
- heavy duty truck prices
- heavy duty truck industry
- heavy duty truck sales
- heavy duty truck market forecast
- heavy duty truck price forecast
- key heavy duty truck producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the truck market in the U.S.. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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