Medium & Heavy Trucks in North America
Medium & Heavy Trucks in North America
Summary
Medium & Heavy Trucks in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Medium & Heavy Trucks in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The medium and heavy trucks market includes commercial vehicles (CV), buses and coaches (BC), heavy commercial vehicles (HCV), and heavy buses and coaches (HBCs).
- The North American medium & heavy trucks market recorded revenues of $1,695.8 billion in 2023, representing a compound annual growth rate (CAGR) of 2.6% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 1.8% between 2018 and 2023, to reach a total of 15,210.8 thousand units in 2023.
- The growth of the North American medium & heavy trucks market is propelled by the expansion of the transportation industry and concurrent infrastructure development. As the transportation sector experiences steady growth, fueled by increased demand for the movement of goods and people, there arises a corresponding need for robust transportation solutions, including medium and heavy trucks, to support these activities efficiently. For instance, according to MarketLine, the North American road transportation services industry stood at $584.3 billion in 2023, an increase of 6.1% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the medium & heavy trucks market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the medium & heavy trucks market in North America
- Leading company profiles reveal details of key medium & heavy trucks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America medium & heavy trucks market with five year forecasts by both value and volume
- What was the size of the North America medium & heavy trucks market by value in 2023?
- What will be the size of the North America medium & heavy trucks market in 2028?
- What factors are affecting the strength of competition in the North America medium & heavy trucks market?
- How has the market performed over the last five years?
- Who are the top competitors in North America's medium & heavy trucks market?
Table of Contents
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
3.2. Market volume
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
5.2. Market volume forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players in the market?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What have been the recent developments in the market?
8 COMPANY PROFILES
8.1. Daimler Financial Services AG
8.2. Volkswagen AG
8.3. AB Volvo
8.4. PACCAR Inc.
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
3.2. Market volume
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
5.2. Market volume forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players in the market?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What have been the recent developments in the market?
8 COMPANY PROFILES
8.1. Daimler Financial Services AG
8.2. Volkswagen AG
8.3. AB Volvo
8.4. PACCAR Inc.
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: North America medium & heavy trucks market value: $ billion, 2018-23
Table 2: North America medium & heavy trucks market volume: thousand units, 2018-23
Table 3: North America medium & heavy trucks market category segmentation: % share, by volume, 2018-2023
Table 4: North America medium & heavy trucks market category segmentation: thousand units, 2018-2023
Table 5: North America medium & heavy trucks market geography segmentation: $ billion, 2023
Table 6: North America medium & heavy trucks market value forecast: $ billion, 2023-28
Table 7: North America medium & heavy trucks market volume forecast: thousand units, 2023-28
Table 8: Daimler Financial Services AG: key facts
Table 9: Daimler Financial Services AG: Key Employees
Table 10: Volkswagen AG: key facts
Table 11: Volkswagen AG: Annual Financial Ratios
Table 12: Volkswagen AG: Key Employees
Table 13: Volkswagen AG: Key Employees Continued
Table 14: Volkswagen AG: Key Employees Continued
Table 15: AB Volvo: key facts
Table 16: AB Volvo: Annual Financial Ratios
Table 17: AB Volvo: Key Employees
Table 18: AB Volvo: Key Employees Continued
Table 19: PACCAR Inc.: key facts
Table 20: PACCAR Inc.: Annual Financial Ratios
Table 21: PACCAR Inc.: Key Employees
Table 22: PACCAR Inc.: Key Employees Continued
Table 23: North America exchange rate, 2019-23
Table 1: North America medium & heavy trucks market value: $ billion, 2018-23
Table 2: North America medium & heavy trucks market volume: thousand units, 2018-23
Table 3: North America medium & heavy trucks market category segmentation: % share, by volume, 2018-2023
Table 4: North America medium & heavy trucks market category segmentation: thousand units, 2018-2023
Table 5: North America medium & heavy trucks market geography segmentation: $ billion, 2023
Table 6: North America medium & heavy trucks market value forecast: $ billion, 2023-28
Table 7: North America medium & heavy trucks market volume forecast: thousand units, 2023-28
Table 8: Daimler Financial Services AG: key facts
Table 9: Daimler Financial Services AG: Key Employees
Table 10: Volkswagen AG: key facts
Table 11: Volkswagen AG: Annual Financial Ratios
Table 12: Volkswagen AG: Key Employees
Table 13: Volkswagen AG: Key Employees Continued
Table 14: Volkswagen AG: Key Employees Continued
Table 15: AB Volvo: key facts
Table 16: AB Volvo: Annual Financial Ratios
Table 17: AB Volvo: Key Employees
Table 18: AB Volvo: Key Employees Continued
Table 19: PACCAR Inc.: key facts
Table 20: PACCAR Inc.: Annual Financial Ratios
Table 21: PACCAR Inc.: Key Employees
Table 22: PACCAR Inc.: Key Employees Continued
Table 23: North America exchange rate, 2019-23
LIST OF FIGURES
Figure 1: North America medium & heavy trucks market value: $ billion, 2018-23
Figure 2: North America medium & heavy trucks market volume: thousand units, 2018-23
Figure 3: North America medium & heavy trucks market category segmentation: thousand units, 2018-2023
Figure 4: North America medium & heavy trucks market geography segmentation: % share, by value, 2023
Figure 5: North America medium & heavy trucks market value forecast: $ billion, 2023-28
Figure 6: North America medium & heavy trucks market volume forecast: thousand units, 2023-28
Figure 7: Forces driving competition in the medium & heavy trucks market in North America, 2023
Figure 8: Drivers of buyer power in the medium & heavy trucks market in North America, 2023
Figure 9: Drivers of supplier power in the medium & heavy trucks market in North America, 2023
Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in North America, 2023
Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in North America, 2023
Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in North America, 2023
Figure 1: North America medium & heavy trucks market value: $ billion, 2018-23
Figure 2: North America medium & heavy trucks market volume: thousand units, 2018-23
Figure 3: North America medium & heavy trucks market category segmentation: thousand units, 2018-2023
Figure 4: North America medium & heavy trucks market geography segmentation: % share, by value, 2023
Figure 5: North America medium & heavy trucks market value forecast: $ billion, 2023-28
Figure 6: North America medium & heavy trucks market volume forecast: thousand units, 2023-28
Figure 7: Forces driving competition in the medium & heavy trucks market in North America, 2023
Figure 8: Drivers of buyer power in the medium & heavy trucks market in North America, 2023
Figure 9: Drivers of supplier power in the medium & heavy trucks market in North America, 2023
Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in North America, 2023
Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in North America, 2023
Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in North America, 2023
