United States (US) Medium and Heavy Trucks Market Summary, Competitive Analysis and Forecast to 2029

Medium & Heavy Trucks in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– Medium and heavy trucks market includes commercial vehicles (CV), buses and coaches (BC), heavy commercial vehicles (HCV), and heavy buses and coaches (HBCs).

– The US medium & heavy trucks market recorded revenues of $1,546.9 million in 2024, representing a compound annual growth rate (CAGR) of 1.5% between 2019 and 2024.

– Market consumption volume increased with a CAGR of 0.7% between 2019 and 2024, reaching a total of 13,244.7 thousand units in 2024.

– In 2024, the US accounted for a share of 87.1% of the North American medium & heavy trucks market.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the medium & heavy trucks market in the United States

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the medium & heavy trucks market in the United States

– 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 United States medium & heavy trucks market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the United States medium & heavy trucks market by value in 2024?

- What will be the size of the United States medium & heavy trucks market in 2029?

- What factors are affecting the strength of competition in the United States medium & heavy trucks market?

- How has the market performed over the last five years?

- Who are the top competitors in the United States's medium & heavy trucks market?

Companies mentioned

Daimler Truck Holding AG

PACCAR Inc

AB Volvo

Tesla Inc

Table of Contents

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. Geography segmentation

1.6. Market rivalry

1.7. 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. 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 are the strategies of the leading players?

7.3. What are the recent developments in the market?

8 Company Profiles

8.1. Daimler Truck Holding AG

8.2. PACCAR Inc

8.3. AB Volvo

8.4. Tesla 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

List of Tables

Table 1: United States medium & heavy trucks market value: $ billion, 2019–24

Table 2: United States medium & heavy trucks market volume: thousand units, 2019–24

Table 3: United States medium & heavy trucks market geography segmentation: $ billion, 2024

Table 4: United States medium & heavy trucks market value forecast: $ billion, 2024–29

Table 5: United States medium & heavy trucks market volume forecast: thousand units, 2024–29

Table 6: Daimler Truck Holding AG: Key Facts

Table 7: Daimler Truck Holding AG: Annual Financial Ratios

Table 8: Daimler Truck Holding AG: Key Employees

Table 9: PACCAR Inc: Key Facts

Table 10: PACCAR Inc: Annual Financial Ratios

Table 11: PACCAR Inc: Key Employees

Table 12: AB Volvo: Key Facts

Table 13: AB Volvo: Annual Financial Ratios

Table 14: AB Volvo: Key Employees

Table 15: AB Volvo: Key Employees Continued

Table 16: Tesla Inc: Key Facts

Table 17: Tesla Inc: Annual Financial Ratios

Table 18: Tesla Inc: Key Employees

Table 19: United States Size of Population (Million), 2020–24

Table 20: United States Real GDP (Constant 2010 Prices, $ Billion), 2020–24

Table 21: United States GDP (Current Prices, $ Billion), 2020–24

Table 22: United States Inflation, 2020–24

Table 23: United States Consumer Price Index (Absolute), 2020–24

Table 24: United States Exchange Rate, 2019–24

List of Figures

List of Figures

Figure 1: United States medium & heavy trucks market value: $ billion, 2019–24

Figure 2: United States medium & heavy trucks market volume: thousand units, 2019–24

Figure 3: United States medium & heavy trucks market geography segmentation: % share, by value, 2024

Figure 4: United States medium & heavy trucks market value forecast: $ billion, 2024–29

Figure 5: United States medium & heavy trucks market volume forecast: thousand units, 2024–29

Figure 6: Forces driving competition in the medium & heavy trucks market in the United States, 2024

Figure 7: Drivers of buyer power in the medium & heavy trucks market in the United States, 2024

Figure 8: Drivers of supplier power in the medium & heavy trucks market in the United States, 2024

Figure 9: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in the United States, 2024

Figure 10: Factors influencing the threat of substitutes in the medium & heavy trucks market in the United States, 2024

Figure 11: Drivers of degree of rivalry in the medium & heavy trucks market in the United States, 2024

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