U.S.: Truck Trailer Market 2024

Truck Trailer Market Size in the U.S.

In 2023, the U.S. truck trailer market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated a buoyant increase from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2023 and is likely to see gradual growth in years to come.

Truck Trailer Production in the U.S.

In value terms, truck trailer production shrank slightly to $X in 2023. The total output value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Truck Trailer Exports

Exports from the U.S.

In 2023, after two years of growth, there was decline in overseas shipments of truck trailers, when their volume decreased by X% to X units. In general, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2022, and then reduced slightly in the following year.

In value terms, truck trailer exports totaled $X in 2023. Over the period under review, total exports indicated a notable expansion from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Canada (X units) was the main destination for truck trailer exports from the United States, with a X% share of total exports. Moreover, truck trailer exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fourfold.

From 2013 to 2023, the average annual growth rate of volume to Canada totaled X%.

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

From 2013 to 2023, the average annual rate of growth in terms of value to Canada amounted to X%.

Export Prices by Country

In 2023, the average truck trailer export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The export price peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Canada totaled $X per unit.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%).

Truck Trailer Imports

Imports into the U.S.

In 2023, overseas purchases of truck trailers decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a mild expansion from 2013 to 2023: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, truck trailer imports amounted to $X in 2023. In general, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in years to come.

Imports by Country

China (X units), Mexico (X units) and Canada (X units) were the main suppliers of truck trailer imports to the United States, with a combined X% share of total imports.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

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

From 2013 to 2023, the average annual rate of growth in terms of value from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and China (X% per year).

Import Prices by Country

The average truck trailer import price stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the import price recorded a resilient increase. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform