Northern America: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Northern America

In 2022, the North American transportation vehicle body market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a buoyant increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Transportation Vehicle Body Production in Northern America

In value terms, transportation vehicle body production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Transportation Vehicle Body Exports

Exports in Northern America

In 2022, transportation vehicle body exports in Northern America declined dramatically to X units, shrinking by X% against 2021. Over the period under review, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, transportation vehicle body exports shrank markedly to $X in 2022. Overall, exports, however, showed tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. Canada (X units) held a minor share of total exports.

The United States was also the fastest-growing in terms of the bodies for motor vehicles for the transporting people exports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest transportation vehicle body supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled X%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, picking up by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Transportation Vehicle Body Imports

Imports in Northern America

In 2022, overseas purchases of bodies for motor vehicles for the transporting people decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, transportation vehicle body imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Canada represented the major importing country with an import of about X units, which accounted for X% of total imports. It was distantly followed by the United States (X units), creating a X% share of total imports.

Canada was also the fastest-growing in terms of the bodies for motor vehicles for the transporting people imports, with a CAGR of X% from 2012 to 2022. The United States experienced a relatively flat trend pattern. Canada (X p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported bodies for motor vehicles for the transporting people in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, transportation vehicle body imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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