North America truck market is forecast to witness a CAGR of around 14% during 2020 – 2025 on account of anticipated growth in construction, mining and logistic activities across the region. Apart from increase in construction activities to develop and strengthen infrastructure, trucks are being increasing used in carrying the extracted materials from mining like coal, metal, etc., with most of the heavy trucks like class 8 being used to transport automobiles.

North America truck market is segmented based on class type, fuel type, application type, by country and by company. Based on class type, the market can be bifurcated into class4, class5, class6, class7, class8, of which class 8 is expected to grow at the fastest pace as class8 trucks are being used to carry heavy loads like automobile transportation, heavy construction loads, etc.

Based on fuel type, the market can be segmented into diesel, CNG, others. The diesel segment accounts for the largest share as diesel engines deliver higher power and torque even when equipped with heavy loads. Major players operating in North America truck market are International, Kenworth, Hino, Volvo, Freightliner, Paccar, Ford and Isuzu.

Years considered for this report:

  • Historical Years: 2015-2018
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2021-2025

Objective of the Study:
o To analyze and forecast the market size of the North America truck market.
o To classify and forecast North America Truck market based on class type, fuel type, application type, country and by company.
o To identify drivers and challenges for North America Truck market.
o To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the North America Truck market.
o To conduct pricing analysis of North America Truck market.
o To identify and analyze the profile of leading players operating in the North America Truck market.

Key Target Audience:
o Truck manufacturers, suppliers, distributors and other stakeholders
o Government bodies such as regulating authorities and policymakers
o Organizations, forums and alliances related to the truck market
o Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the truck market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

o Market, By Class Type:
o Class 4
o Class 5
o Class 6
o Class 7
o Class 8
o Market, By Fuel Type:
o Diesel
o CNG
o Others
o Market, By Application type:
o Logistics
o Construction
o Mining
o Market, By Country:
o US
o Mexico
o Canada