North American Work Trucks: Products, Markets, Players, Key Performance Indicators

The North American Work Truck Market was Estimated at $165 Billion in 2023

The report provides a comprehensive overview of the North American market for work trucks, including products, market dynamics, key players, and performance indicators. Here are the key points.

Introduction

• The report covers the North American market (U.S., Canada, Mexico) for work trucks, which are specifically designed for commercial tasks.
• Over 100 types of work trucks are identified.
• 41 companies are involved in this market, including OEMs, body builders, component suppliers, distributors/dealers, and electric truck producers.
• Key performance indicators (KPIs) include stock prices, market cap, P/E, EPS, EV/EBIT, revenues, EBITDA, net income, and free cash flow.

Types of Work Trucks

• Work trucks are categorized by their GVWR (Gross Vehicle Weight Rating) into light-duty, medium-duty, and heavy-duty.
• Examples of truck classes and types are provided, including light-duty trucks like the Ford F-150, medium-duty trucks like the Ram 3500, and heavy-duty trucks like the Freightliner Cascadia.

Market Overview

• The North American work truck market is mature and grows at the rate of real GDP (1%-3% per year).
• In 2023, sales were estimated at $165 billion.
• Sales data from 2018-2023 shows fluctuations due to economic conditions like the COVID-19 pandemic.

Key Players

• The market comprises OEMs like Ford and GM, body builders like Oshkosh, component suppliers like Cummins, distributors/dealers like Penske, and electric truck producers like Tesla.
• Detailed performance metrics for these companies are provided, showing trends in stock performance, market cap, revenue, EBITDA, net income, and free cash flow.

Key Performance Indicators

• Most work truck companies are performing well off their 52-week lows.
• Companies like Blue Bird and NFI Group show positive revenue growth, while others face challenges.
• EBITDA, net income, and free cash flow projections indicate varying levels of growth and financial health across different companies.

Blue Bird Corporation

• The report gives a detailed look at Blue Bird Corporation, highlighting its strong performance in Q2 2024.
• Blue Bird focuses on diesel alternative products, with significant growth in EV and propane bus sales.
• Financial highlights include record profits, increased revenue, and a strong order backlog.

Conclusion

• The work truck market is diverse and involves a range of specialized vehicles and companies.
• Financial metrics and market dynamics indicate both opportunities and challenges for different players in the market.
• This summary captures the essential details and insights provided in the report on work trucks.