U.S. Truck Trailer Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Net U.S. Truck Trailer Exports Turned into Trade Deficit under Pressure from Rapidly Growing Imports in 2015
The U.S. takes second place in global truck trailer exports with a X% share (based on USD), following Germany (X%). In 2015, the U.S. exported X million USD, -X% under the previous year.
From 2007 to 2015, U.S. truck trailer exports showed mixed dynamics. A significant drop in 2009 was followed by steady growth over the next four years, until exports turned downward, declining considerably in 2014-2015. In 2011, U.S. truck trailer exports overcame the pre-recession level achieved in 2008, but after several fluctuations turned back to the level slightly higher than in 2008.
As the U.S. companies appear to worsen their positions on overseas markets, domestic manufacturers could hardly enjoy a growth driver from exporting.
In 2015, the main destination of U.S. truck trailer exports was Canada (X%), distantly followed by Mexico (X%). The share exported to Canada decreased (-X percentage points), while the share sent to Mexico illustrated positive dynamics (+X percentage points) between 2007 and 2015.
From 2007 to 2014, the U.S. was a net exporter of truck trailer. However, imports grew faster than exports on average over the period under review.
Before 2015, U.S. net exports of truck trailer fluctuated considerably but remained substantial, running a surplus of around X million USD in 2007, X million USD in 2013 and X million USD in 2014. However, that surplus not only evaporated but turned into a X million USD trade deficit in 2015, driven by rapidly rising imports of truck trailer in 2014-2015.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the truck trailer 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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