U.S.: Market for Industrial Trucks, Tractors, Trailers, And Stacker Machinery 2024

Market Size for Industrial Trucks, Tractors, Trailers, And Stacker Machinery in the U.S.

For the third year in a row, the U.S. market for industrial trucks, tractors, trailers, and stacker machinery recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption showed a significant expansion. Consumption of peaked in 2022 and is likely to see steady growth in the near future.

Production of Industrial Trucks, Tractors, Trailers, And Stacker Machinery in the U.S.

In value terms, production of industrial trucks, tractors, trailers, and stacker machinery reached $X in 2022. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Industrial Trucks, Tractors, Trailers, And Stacker Machinery

Exports from the U.S.

In 2022, shipments abroad of industrial trucks, tractors, trailers, and stacker machinery increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of industrial trucks, tractors, trailers, and stacker machinery totaled $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Canada (X tons), Mexico (X tons) and Australia (X tons) were the main destinations of exports of industrial trucks, tractors, trailers, and stacker machinery from the United States, with a combined X% share of total exports. The Netherlands, the UK, China, New Zealand, Brazil and Panama lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for industrial trucks, tractors, trailers, and stacker machinery exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value 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 Australia (X% per year).

Export Prices by Country

The average export price for industrial trucks, tractors, trailers, and stacker machinery stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X,567 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Trucks, Tractors, Trailers, And Stacker Machinery

Imports into the U.S.

In 2022, the amount of industrial trucks, tractors, trailers, and stacker machinery imported into the United States surged to X tons, picking up by X% against 2021. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of industrial trucks, tractors, trailers, and stacker machinery skyrocketed to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of industrial truck, tractor and stacker machinery to the United States, with a X% share of total imports. Moreover, imports of industrial trucks, tractors, trailers, and stacker machinery from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

In value terms, China ($X), Germany ($X) and Mexico ($X) were the largest industrial truck, tractor and stacker machinery suppliers to the United States, together accounting for X% of total imports. The UK, Canada, South Korea, Italy, Japan and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for industrial trucks, tractors, trailers, and stacker machinery stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price continues to indicate a sharp contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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