U.S. Light Truck And Utility Vehicle Market. Analysis And Forecast to 2030
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Light Truck and Utility Vehicle in the United States - 2023
Contents:
- Price for Light Truck and Utility Vehicle in the United States (CIF) - 2023
- Price for Light Truck and Utility Vehicle in the United States (FOB) - 2023
- Imports of Light Truck and Utility Vehicle in the United States
- Exports of Light Truck and Utility Vehicle in the United States
Price for Light Truck and Utility Vehicle in the United States (CIF) - 2023
The average import price for light truck and utility vehicles stood at $30,295 per unit in August 2023, remaining constant against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 2.3% month-to-month. Over the period under review, average import prices attained the peak figure at $30,670 per unit in January 2023; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($31,285 per unit), while the price for Spain ($18,889 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for Light Truck and Utility Vehicle in the United States (FOB) - 2023
In August 2023, the average export price for light truck and utility vehicles amounted to $41,029 per unit, picking up by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($58,775 per unit), while the average price for exports to Mexico ($30,683 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Light Truck and Utility Vehicle in the United States
In 2022, light truck and utility vehicle imports into the United States shrank to 832K units, with a decrease of -6.8% compared with 2021. Overall, imports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure at 899K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, light truck and utility vehicle imports expanded markedly to $26.6B in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Light Truck and Utility Vehicle in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 22.4 | 20.0 | 24.4 | 23.4 | 1.5% |
| Spain | 0.6 | 0.6 | 0.3 | 0.4 | -12.6% |
| Others | 2.2 | 0.1 | 0.1 | 2.8 | 8.4% |
| Total | 25.2 | 20.6 | 24.8 | 26.6 | 1.8% |
Top Suppliers of Light Truck and Utility Vehicle to the United States in 2022:
- Mexico (799.2K units)
- Spain (24.1K units)
Exports of Light Truck and Utility Vehicle in the United States
Light truck and utility vehicle exports from the United States shrank modestly to 363K units in 2022, which is down by -3.5% compared with the previous year's figure. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, the exports attained the peak figure at 434K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, light truck and utility vehicle exports expanded to $12.7B in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 23%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Light Truck and Utility Vehicle in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.7 | 8.5 | 10.3 | 9.9 | -2.6% |
| Mexico | 0.7 | 0.5 | 0.5 | 0.7 | 0.0% |
| Australia | N/A | 0.2 | 0.3 | 0.5 | 58.1% |
| Others | 1.2 | 1.0 | 1.4 | 1.7 | 12.3% |
| Total | 12.6 | 10.1 | 12.5 | 12.7 | 0.3% |
Top Export Markets for Light Truck and Utility Vehicle from the United States in 2022:
- Canada (285.5K units)
- Mexico (24.6K units)
- Australia (11.0K units)
This report provides an in-depth analysis of the market for light truck and utility vehicle 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.
Product coverage:
- NAICS 336112 - Light truck and utility vehicle manufacturing
Companies mentioned:
- Braun Industries
- Wheeled Coach Industries
- Halcore Group
- P. L. Custom Body and Equipment Co.
- Matthews Specialty Vehicles
- Excellance
- Braun Northwest
- Medix Specialty Vehicles
- Allied Specialty Vehicles
- Frazer
- La Boit Specialty Vehicles
- Precision Fire Apparatus
- Enoven Industries
- Emergency Vehicle Supply Company
- Bridgers Coaches
- Royal Coach Builders
- First Priority Emergency Vehicles
- Medtec Ambulance Corporation
- Phoenix Fire Systems
- BNS Holding
- First Response
- Eastgate Travel Plaza
- National Emergency Vehicles
- Miller Coach Company
- League County Board of Commissioners
Country coverage:
- United States
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
1139
This report provides an in-depth analysis of the market for light truck and utility vehicle in the U.S..
1072
This report provides an in-depth analysis of the market for locomotive, train and train car in the U.S..
341
This report provides an in-depth analysis of the market for all other transportation equipment in the USA.
2039
This report provides an in-depth analysis of the truck trailer market in the U.S..
829
This report provides an in-depth analysis of the market for travel trailer and camper in the U.S..
946
This report provides an in-depth analysis of the market for ship, barge, and platform in the U.S..
673
This report provides an in-depth analysis of the motor vehicle transmission market in the U.S..
812
This report provides an in-depth analysis of the motor vehicle steering market in the U.S..
682
This report provides an in-depth analysis of the market for motor vehicle seating and interior trim in the U.S..
998
This report provides an in-depth analysis of the market for motor vehicle electrical and electronic equipment in the U.S..
1161
The U.S. dominates in global imports of light truck and utility vehicle, accounting for a X% share (based on USD). It was distantly followed by Canada (X%), the United Arab Emirates (X%) and Saudi Arabia (X%). In 2015, U.S
1280
The U.S. takes fourth place in global exports of locomotives, train and train cars with an X% share (based on USD), following Germany (X%), Mexico (X%) and China (X%). In 2015, the U.S. exported X million USD, +X% o
1132
In August 2022, the average truck trailer import price amounted to $8,791 (CIF, US) per unit, with an increase of 17% against the previous month.
994
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.
1121
The U.S. takes seventh place in global exports of ships, barges, and platforms with a X% share (based on USD), following Korea (X%), China (X%), Japan (X%), Poland (X%), India (X%), and Germany (X%). In 2015, the U.S. ex
303
Imports of Motor Vehicle Transmission dropped to $910M in June 2023 in value terms.
185
In February 2023, the price of motor vehicle transmissions was $16.3 per kg (CIF, US), increasing by 1.7% from the previous month.
81
Motor Home exports reached a peak of 1.1K units in May 2023, but failed to regain momentum from June to December. In December 2023, exports decreased to $24M in value terms.
193
Motor Home exports experienced a significant decline, reaching a value of $40M in July 2023.
164
In February 2023, the motor home price decreased by 2.7% to $82,639 per unit (FOB, US) compared to the previous month.
