Truck Market
Truck market: get new statistics provided by an Ai-driven market research tool. Info include consumption, trade, market size, companies, production, imports, market prices, and exports. There is a split by country, including Africa, the U.S., China, Russia, the U.K., EU, Latin America, and the Middle East. Market dynamics and forecast to 2030 are also provided in the reports.
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Truck - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | United States |
| 2 | China |
| 3 | Japan |
| 4 | France |
| 5 | Canada |
In value terms, the United States, China and Japan appeared to be the countries with the highest levels of market value in 2020, with a combined 50% share of the global market. France, Canada, Mexico, the UK, India, Australia, Thailand, South Korea, Turkey and Russia lagged somewhat behind, together comprising a further 25%.
Among the main consuming countries, India recorded the highest rates of growth with regard to market size, over the period under review, while truck market for the other global leaders experienced more modest paces of growth.
Truck Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| China | 5.5 | 3.8 | 3.8 | -17.3% |
| Netherlands | 8.8 | 8.7 | 6.7 | -12.8% |
| Belgium | 10 | 8.9 | 7.1 | -16.0% |
| Poland | 8.8 | 8.9 | 8.1 | -4.5% |
| Italy | 9 | 8.8 | 8.5 | -2.9% |
| Turkey | 8.3 | 8.2 | 8.7 | 2.4% |
| Germany | 9.5 | 9 | 8.8 | -3.5% |
| Japan | 8.2 | 8.9 | 9.1 | 5.6% |
| Thailand | 8.8 | 10 | 9.3 | 2.5% |
| Mexico | 9 | 8.5 | 9.3 | 1.3% |
| France | 9 | 9.4 | 9.6 | 3.4% |
| Spain | 10 | 10 | 10 | -0.7% |
| United States | 12 | 11 | 11 | -6.1% |
| Average | 9 | 8.7 | 8.3 | -3.8% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($11 per unit), while China ($3.8 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| France | 10 | 9.4 | 11 | 1.4% |
| Germany | 10 | 9.4 | 11 | 0.5% |
| Australia | 9.5 | 10 | 10 | 2.9% |
| United Kingdom | 9.9 | 9.9 | 10 | 0.6% |
| Belgium | 10 | 9.7 | 9.9 | -2.5% |
| Italy | 8.9 | 8.6 | 9.6 | 4.0% |
| Netherlands | 8.3 | 8.7 | 9 | 4.5% |
| Canada | 8.4 | 8.2 | 8.2 | -1.4% |
| United States | 9 | 9.2 | 8.1 | -5.3% |
| Average | 8.2 | 8.4 | 8.1 | -0.6% |
Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in France ($11 per unit) and Germany ($11 per unit), while the United States ($8.1 per unit) and Canada ($8.2 per unit) were amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
Truck - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 28 | 32 | 25 | -4.9% |
| Canada | 13 | 15 | 12 | -6.3% |
| Germany | 6.6 | 7.4 | 6.5 | -0.6% |
| France | 7.4 | 7 | 6 | -9.7% |
| United Kingdom | 7.6 | 7.5 | 5.7 | -12.8% |
In value terms, the United States ($25B) constitutes the largest market for imported trucks worldwide, comprising 22% of global imports. The second position in the ranking was occupied by Canada ($11.8B), with a 11% share of global imports. It was followed by Germany, with a 5.8% share.
From 2018 to 2020, the average annual rate of growth in terms of value in the United States totaled -4.9%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (-6.3% per year) and Germany (-0.6% per year).
Truck - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Mexico | 22 | 24 | 24 | 3.7% |
| United States | 14 | 15 | 12 | -6.6% |
| Germany | 12 | 13 | 9.4 | -11.9% |
| France | 8.4 | 8.3 | 6.8 | -9.7% |
| Japan | 6.9 | 6 | 6.1 | -5.5% |
In value terms, the largest truck supplying countries worldwide were Mexico ($24.1B), the United States ($12.1B) and Germany ($9.4B), with a combined 42% share of global exports. These countries were followed by France, Japan, Thailand, Spain, Turkey, the Netherlands, Italy, Poland, Belgium and China, which together accounted for a further 40%.
The Netherlands recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Truck - Market Forecast
Driven by rising demand for truck worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Truck - Top Companies
Liaoning Ruicheng Liugong Machinery Equipment Co.,Ltd., Caterpillar Inc., KOMATSU LTD., Paccar Inc, HINO MOTORS, LTD., Dingsheng Tiangong Engineering Machinery Sales Co., Ltd., Liebherr-Intertrading SA, HITACHI CONSTRUCTION MACHINERY CO., LTD., Navistar International Corporation, SUMITOMO HEAVY INDUSTRIES, LTD., Sany Heavy Industry Co., Ltd., XCMG Construction Machinery Co., Ltd., Terex Corporation, Shanghai Zhenhua Heavy Industries Co., Ltd., J.C.B. SERVICE, EvoBus GmbH, Pierce Manufacturing, Inc., Clark Equipment Company, CATERPILLAR JAPAN LLC., NFI Group Inc
Truck - Product Coverage
- HS 870421 - Vehicles; compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tons), nes in item no 8704.1
- HS 870422 - Vehicles; compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 5 tons but not exceeding 20 tons), nes in item no 8704.1
- HS 870423 - Vehicles; compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 20 tons), nes in item no 8704.1
- HS 870431 - Vehicles; spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tons), nes in item no 8704.1
- HS 870432 - Vehicles; spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. exceeding 5 tons), nes in item no 8704.1
- HS 870490 - Vehicles; for transport of goods, n.e.s. in heading no. 8704
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World - Trucks - Market Analysis, Forecast, Size, Trends and Insights
$499
Apr 1, 2023
2790
This report provides an in-depth analysis of the global truck market.
Africa - Trucks - Market Analysis, Forecast, Size, Trends and Insights
$499
Apr 1, 2023
346
This report provides an in-depth analysis of the truck market in Africa.
Northern America - Trucks - Market Analysis, Forecast, Size, Trends and Insights
$499
Apr 1, 2023
273
This report provides an in-depth analysis of the truck market in Northern America.
Latin America and the Caribbean - Trucks - Market Analysis, Forecast, Size, Trends and Insights
$499
Apr 1, 2023
242
This report provides an in-depth analysis of the truck market in Latin America and the Caribbean.
Eastern Asia - Trucks - Market Analysis, Forecast, Size, Trends and Insights
$499
Apr 1, 2023
241
This report provides an in-depth analysis of the truck market in Eastern Asia.
Australia and Oceania - Trucks - Market Analysis, Forecast, Size, Trends and Insights
$499
Apr 1, 2023
235
This report provides an in-depth analysis of the truck market in Australia and Oceania.
Southern Asia - Trucks - Market Analysis, Forecast, Size, Trends and Insights
$499
Apr 1, 2023
229
This report provides an in-depth analysis of the truck market in Southern Asia.
South-Eastern Asia - Trucks - Market Analysis, Forecast, Size, Trends and Insights
$499
Apr 1, 2023
222
This report provides an in-depth analysis of the truck market in South-Eastern Asia.
Central Asia - Trucks - Market Analysis, Forecast, Size, Trends and Insights
$499
Apr 1, 2023
216
This report provides an in-depth analysis of the truck market in Central Asia.
Middle East - Trucks - Market Analysis, Forecast, Size, Trends and Insights
$499
Apr 1, 2023
191
This report provides an in-depth analysis of the truck market in the Middle East.
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