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U.S. - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Truck Market Overview 2020

Truck Market Size in the U.S.

The revenue of the truck market in the U.S. amounted to $X in 2018, surging by X% against the previous year. In general, truck consumption continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Truck consumption peaked in 2018 and is expected to retain its growth in the near future.

Truck Production in the U.S.

In value terms, truck production totaled $X in 2018. Overall, the total output indicated resilient growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, truck production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when production volume increased by X% y-o-y. Truck production peaked at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Truck Exports

Exports from the U.S.

In 2018, approx. X units of trucks were exported from the U.S.; falling by -X% against the previous year. In general, truck exports continue to indicate a drastic shrinkage. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. In that year, truck exports attained their peak of X units. From 2013 to 2018, the growth of truck exports remained at a lower figure.

In value terms, truck exports stood at $X in 2018. The total export value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Canada (X units) was the main destination for truck exports from the U.S., with a X% share of total exports. Moreover, truck exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and China (+X% per year).

In value terms, Canada ($X) remains the key foreign market for truck exports from the U.S., comprising X% of total truck exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and China (+X% per year).

Export Prices by Country

In 2018, the average truck export price amounted to $X per unit, remaining stable against the previous year. Overall, the truck export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The export price peaked in 2018 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2018, the country with the highest price was Canada ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Truck Imports

Imports into the U.S.

Truck imports into the U.S. amounted to X units in 2018, going up by X% against the previous year. Overall, truck imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, truck imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, truck imports amounted to $X in 2018. Over the period under review, truck imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, truck imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Mexico (X units) constituted the largest truck supplier to the U.S., accounting for a X% share of total imports. Moreover, truck imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X units), ninefold.

From 2007 to 2018, the average annual growth rate of volume from Mexico amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Spain (-X% per year).

In value terms, Mexico ($X) constituted the largest supplier of truck to the U.S., comprising X% of total truck imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of value from Mexico totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Spain (-X% per year).

Import Prices by Country

The average truck import price stood at $X per unit in 2018, going up by X% against the previous year. Over the period under review, the truck import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Canada ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
• Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
• Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
• Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

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 2030.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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