Truck, Trailer & Motor Home Manufacturing in the US - Market Research Report (2014-2029)

Long haul: Industry profit is expected to improve and operators will likely benefit from the USMCA trade agreement, supporting industry growth

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Operators in the Truck, Trailer and Motor Home Manufacturing industry produce motor vehicle bodies, truck trailers, motor homes and recreational vehicles (RVs). In recent years, rising trade tensions and the emergence of COVID-19 caused substantial demand decline for industry products. A reduction in demand in turn led to a decrease in industry revenue while supply chain disruptions caused by Russia's invasion of Ukraine led to further decrease in industry revenue. The onset of the pandemic caused industry demand to collapse temporarily but the operating environment quickly reversed given substantial fiscal stimulus and increasing consumer confidence. Over the past five years, revenue has been falling at a CAGR of 1.3% to an estimated $57.2 billion, despite a projected 1.8% increase in 2023 when profit will likely reach 1.8%.

Operators in this industry primarily produce motor vehicle bodies and cabs, truck, automobile and utility trailers, truck trailer chassis, detachable trailer bodies and detachable trailer chassis.