GITNUXREPORT 2026

Commercial Vehicle Truck Industry Statistics

The global commercial truck market is steadily expanding with exceptional electric segment growth.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

Our Commitment to Accuracy

Rigorous fact-checking · Reputable sources · Regular updatesLearn more

Statistic 1

In 2022, U.S. had 12.3 million trucks in operation, representing 72% of freight tonnage.

Statistic 2

Average U.S. truck fleet size for for-hire carriers was 150 trucks in 2023.

Statistic 3

U.S. private truck fleet numbered 9.1 million vehicles in 2022.

Statistic 4

Global truck fleet size exceeded 140 million vehicles in 2023.

Statistic 5

China had 38 million heavy-duty trucks registered in 2023.

Statistic 6

EU-27 truck fleet over 6.5 million vehicles aged over 10 years average.

Statistic 7

U.S. long-haul trucks (over 500 miles) accounted for 52% of freight in 2022.

Statistic 8

Average age of U.S. Class 8 trucks was 6.8 years in 2023.

Statistic 9

Brazil truck fleet utilization rate averaged 65% in 2023.

Statistic 10

India commercial vehicle fleet reached 13 million in 2023.

Statistic 11

U.S. drayage trucks numbered 250,000 in operation near ports in 2023.

Statistic 12

Global average truck load factor was 62% in 2022.

Statistic 13

Canada truck fleet 1.2 million heavy vehicles in 2023.

Statistic 14

Australia heavy truck fleet 450,000 units in 2023.

Statistic 15

U.K. truck fleet over 500,000 goods vehicles in 2023.

Statistic 16

Mexico truck fleet 1.8 million units, 70% over 10 years old in 2023.

Statistic 17

Average U.S. truck traveled 45,200 miles annually in 2022.

Statistic 18

Europe truck average annual mileage 100,000 km per vehicle.

Statistic 19

U.S. refrigerated truck fleet 250,000 units in 2023.

Statistic 20

Global tanker truck fleet 2.5 million vehicles in 2023.

Statistic 21

U.S. for-hire carriers operated 91% of truck ton-miles in 2022.

Statistic 22

China truck empty backhaul rate 38% in 2023.

Statistic 23

Average fleet turnover rate for U.S. trucks 50% annually in 2023.

Statistic 24

Japan truck fleet 3.8 million commercial vehicles in 2023.

Statistic 25

South Africa truck fleet 350,000 heavy vehicles.

Statistic 26

U.S. intermodal trucks handled 15 million containers in 2023.

Statistic 27

Global flatbed truck fleet segment 30% of total trucks.

Statistic 28

U.S. average truck downtime 5.5 hours per week in 2023.

Statistic 29

EU cross-border truck operations 25% of total mileage.

Statistic 30

In 2023, the global commercial truck market was valued at approximately USD 456.7 billion, projected to reach USD 678.9 billion by 2030 with a CAGR of 5.8%.

Statistic 31

The U.S. heavy-duty truck market size was valued at USD 42.5 billion in 2022 and is expected to grow at a CAGR of 4.2% from 2023 to 2030.

Statistic 32

North American Class 8 truck market revenue reached USD 35.2 billion in 2022, forecasted to grow to USD 48.7 billion by 2028.

Statistic 33

The European commercial vehicle market size was estimated at EUR 45.3 billion in 2023, with a projected CAGR of 3.9% through 2030.

Statistic 34

China's heavy truck market generated revenues of CNY 250 billion in 2022, expected to expand at 6.1% CAGR to 2028.

Statistic 35

Global medium-duty truck market valued at USD 85.4 billion in 2023, anticipated to hit USD 112.3 billion by 2032 at 3.1% CAGR.

Statistic 36

U.S. light-duty truck market size stood at USD 120 billion in 2022, projected CAGR of 5.2% to USD 180 billion by 2030.

Statistic 37

Indian commercial vehicle market revenue was INR 850 billion in FY2023, expected to grow at 7.5% CAGR to FY2030.

Statistic 38

Brazil's truck market size reached BRL 35 billion in 2023, with a forecasted CAGR of 4.8% through 2029.

Statistic 39

Global used truck market valued at USD 120 billion in 2022, projected to reach USD 165 billion by 2030 at 4.1% CAGR.

Statistic 40

In 2023, U.S. heavy truck aftermarket parts market was USD 28.5 billion, growing at 3.7% CAGR to 2030.

Statistic 41

Asia-Pacific truck market size was USD 150 billion in 2023, expected CAGR 6.2% to USD 220 billion by 2030.

Statistic 42

Global electric truck market valued at USD 12.5 billion in 2023, projected to surge to USD 150 billion by 2030 at 42% CAGR.

Statistic 43

U.S. vocational truck market size USD 15.2 billion in 2022, CAGR 4.5% to USD 22 billion by 2030.

Statistic 44

Middle East truck market revenue USD 18 billion in 2023, growth at 5.1% CAGR to 2029.

Statistic 45

In 2022, global truck leasing market was USD 45 billion, forecasted to USD 65 billion by 2030 at 4.7% CAGR.

Statistic 46

Canada's heavy truck market size CAD 12 billion in 2023, CAGR 3.8% to 2030.

Statistic 47

Australian truck market valued at AUD 8.5 billion in 2023, projected CAGR 4.2%.

Statistic 48

South Korea's commercial truck market KRW 20 trillion in 2022, growth 5.3% CAGR.

Statistic 49

Mexico truck market size USD 6.5 billion in 2023, CAGR 6.0% to 2030.

Statistic 50

In 2023, global autonomous truck market valued at USD 2.1 billion, exploding to USD 28 billion by 2030 at 45% CAGR.

Statistic 51

U.S. refuse truck market USD 4.2 billion in 2022, CAGR 4.1% to 2030.

Statistic 52

Japan's heavy truck market JPY 1.2 trillion in 2023, growth 3.5% CAGR.

Statistic 53

Global dump truck market USD 18.5 billion in 2023, to USD 25 billion by 2030 at 4.4% CAGR.

Statistic 54

U.K. truck market GBP 7 billion in 2023, CAGR 3.9%.

Statistic 55

Turkey's commercial vehicle market TRY 150 billion in 2023, growth 8.2% CAGR.

Statistic 56

In 2022, global tractor-trailer market USD 55 billion, projected 4.6% CAGR to 2030.

Statistic 57

Germany's heavy truck market EUR 12 billion in 2023, CAGR 4.0%.

Statistic 58

Southeast Asia truck market USD 25 billion in 2023, CAGR 5.7% to 2030.

Statistic 59

Global box truck market USD 22 billion in 2023, to USD 32 billion by 2032 at 4.2% CAGR.

Statistic 60

In 2023, U.S. Class 6-7 truck market USD 10.5 billion, growth 3.8% CAGR.

Statistic 61

In 2022, U.S. large truck fatal crashes involved 5,887 fatalities, up 3% from prior year.

Statistic 62

Large trucks accounted for 23.3% of all work-related fatalities in U.S. 2022.

Statistic 63

U.S. truck occupant fatalities totaled 892 in 2022.

Statistic 64

72% of large truck crash fatalities were passenger vehicle occupants in 2022.

Statistic 65

Average large truck crash cost USD 91,000 per incident in 2023 estimates.

Statistic 66

EU heavy truck road fatalities 3,500 in 2022, down 5% YoY.

Statistic 67

U.S. truck rollover crashes 4% of all large truck crashes but 17% fatalities in 2022.

Statistic 68

FMCSA reported 4,900 fatalities in truck-involved crashes 2022.

Statistic 69

China heavy truck accident rate 1.2 per million km in 2023.

Statistic 70

U.S. Hours-of-Service violations led to 15% of fatigue-related crashes.

Statistic 71

ELD mandate reduced U.S. truck crash rates by 7% post-2017.

Statistic 72

30% of U.S. large truck crashes involve speeding in 2022.

Statistic 73

Brazil truck accident fatalities 5,000 annually average 2022-2023.

Statistic 74

U.K. HGVs involved in 3% of fatal crashes but 18% serious injuries 2023.

Statistic 75

Automatic Emergency Braking (AEB) reduces truck rear-end crashes by 50%.

Statistic 76

U.S. CSA scores flagged 20% of carriers for safety interventions 2023.

Statistic 77

India commercial vehicle accidents 150,000 annually, 15% fatal.

Statistic 78

EU tachograph non-compliance fines averaged EUR 1,200 per violation 2023.

Statistic 79

U.S. truck driver fatigue cited in 13% of fatal crashes 2022.

Statistic 80

Collision Avoidance Systems adoption 65% in new U.S. trucks 2023.

Statistic 81

Australia heavy vehicle crash rate 1.1 fatalities per 100 million km 2023.

Statistic 82

Mexico truck crashes 45,000 incidents yearly, 8% fatal.

Statistic 83

U.S. bridge strikes by trucks 20,000 incidents annually.

Statistic 84

94% of U.S. commercial truck crashes human error related.

Statistic 85

Canada truck fatal crashes 450 in 2022.

Statistic 86

Japan truck accident rate 0.8 per million km, lowest globally.

Statistic 87

Global truck safety tech market USD 15 billion in 2023.

Statistic 88

U.S. drug-positive truck drivers 16% in fatal crashes 2022.

Statistic 89

EU mirror regulations reduced side-swipe crashes by 30% since 2018.

Statistic 90

South Korea truck safety compliance 92% in 2023 inspections.

Statistic 91

U.S. truck parking shortage contributes to 15% fatigue incidents.

Statistic 92

North America net Class 8 truck retail sales totaled 252,900 units in 2023, up 12.5% from 2022.

Statistic 93

U.S. Class 8 truck production reached 290,100 units in 2023, a 22% increase year-over-year.

Statistic 94

Global heavy-duty truck sales hit 3.85 million units in 2023, with China accounting for 1.7 million.

Statistic 95

Europe medium and heavy truck registrations were 290,000 units in 2023, up 7% from 2022.

Statistic 96

U.S. medium-duty truck sales (Class 4-7) totaled 510,000 units in 2023.

Statistic 97

China's heavy truck sales reached 1.68 million units in 2023, a record high with 10.2% growth.

Statistic 98

India commercial vehicle sales were 962,000 units in FY2023, up 4.5% YoY.

Statistic 99

Brazil truck sales totaled 142,000 units in 2023, rebounding 22% from 2022.

Statistic 100

Global electric truck sales surpassed 150,000 units in 2023, led by China with 109,000.

Statistic 101

U.S. vocational truck sales (mixers, dumps) were 45,000 Class 8 units in 2023.

Statistic 102

Japan heavy truck sales 35,000 units in 2023, down 5% due to economic factors.

Statistic 103

Mexico heavy truck sales 48,000 units in 2023, up 15% YoY.

Statistic 104

Australia truck sales 48,500 units in 2023, increase of 18%.

Statistic 105

U.K. truck registrations 39,000 heavy units in 2023, up 10%.

Statistic 106

Canada Class 8 sales 32,000 units in 2023, growth 14%.

Statistic 107

Germany heavy truck new registrations 28,500 units in 2023, up 2%.

Statistic 108

South Korea truck production 320,000 units in 2023.

Statistic 109

Global Class 8 tractor sales 210,000 units in North America 2023.

Statistic 110

U.S. used Class 8 truck sales averaged 450,000 annually pre-2023, stabilizing in 2023.

Statistic 111

PACCAR Inc. delivered 185,000 trucks globally in 2023.

Statistic 112

Daimler Truck sold 520,000 vehicles worldwide in 2023.

Statistic 113

Volvo Trucks global sales 140,000 units in 2023, up 11%.

Statistic 114

Tata Motors CV sales 425,000 units in India FY2023.

Statistic 115

Isuzu Motors truck sales 200,000 units globally 2023.

Statistic 116

Scania delivered 87,000 trucks in 2023.

Statistic 117

MAN Truck & Bus sales 110,000 vehicles in 2023.

Statistic 118

Hino Motors sales 130,000 trucks in 2023.

Statistic 119

Navistar (Traton) U.S. sales 25,000 Class 8 in 2023.

Statistic 120

Mack Trucks sales 40,000 units North America 2023.

Statistic 121

Freightliner (Daimler) dominated with 40% U.S. Class 8 market share in 2023.

Statistic 122

Peterbilt sales 35,000 trucks in 2023.

Statistic 123

In 2023, U.S. heavy trucks averaged 6.2 mpg fuel efficiency.

Statistic 124

Global truck CO2 emissions 4 gigatons annually, 12% of transport total.

Statistic 125

Electric trucks reduced emissions by 80% vs diesel equivalents in 2023 trials.

Statistic 126

U.S. truck sector biofuel use 3 billion gallons in 2022.

Statistic 127

EU trucks under Euro VI standards emit 90% less NOx than pre-2013.

Statistic 128

China New Energy truck sales 120,000 units in 2023, 7% of total.

Statistic 129

Average U.S. Class 8 fuel cost per mile USD 0.65 in 2023.

Statistic 130

Telematics adoption in fleets 75% globally, saving 5-10% fuel.

Statistic 131

Global hydrogen fuel cell trucks reached 5,000 units deployed 2023.

Statistic 132

U.S. truck idling consumes 6 billion gallons diesel equivalent yearly.

Statistic 133

Aerodynamic improvements boost truck MPG by 10% on highways.

Statistic 134

India BS-VI trucks cut PM emissions 70% vs BS-IV.

Statistic 135

Autonomous platooning reduces fuel use 8% in tests.

Statistic 136

U.S. LNG truck fuelings 1.2 billion diesel gallon equivalents 2023.

Statistic 137

Global truck ADAS penetration 60% in new vehicles 2023.

Statistic 138

Predictive cruise control saves 5% fuel in long-haul trucks.

Statistic 139

Brazil biodiesel blend B15 in trucks from 2023, reducing CO2 12%.

Statistic 140

U.K. ZEV mandate targets 100% zero-emission truck sales by 2040.

Statistic 141

Dual-fuel natural gas trucks 15% cheaper to operate per mile.

Statistic 142

Global truck battery market USD 8 billion in 2023 for EVs.

Statistic 143

Route optimization software cuts fuel 10% via AI.

Statistic 144

U.S. EPA SmartWay certified trucks 450 fleets, saving 300M gallons fuel.

Statistic 145

V2X communication trials show 20% congestion reduction.

Statistic 146

Australia low-emission truck roadmap targets 50% by 2030.

Statistic 147

Tire pressure monitoring boosts MPG 2-3%.

Statistic 148

Global truck electrification TCO 20% lower by 2030 projections.

Statistic 149

Japan hydrogen truck pilots 50 units, zero tailpipe emissions.

Statistic 150

U.S. truck GHG emissions targeted 60% cut by 2030 per IRA.

Statistic 151

Predictive maintenance via IoT reduces downtime 30%, fuel waste.

1/151

Sources

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Behind every one of the staggering trillion-dollar projections for the global trucking industry lies a complex story of relentless innovation, stringent safety demands, and an urgent green transformation that is reshaping the very backbone of commerce on a planetary scale.

Key Takeaways

In 2023, the global commercial truck market was valued at approximately USD 456.7 billion, projected to reach USD 678.9 billion by 2030 with a CAGR of 5.8%.
The U.S. heavy-duty truck market size was valued at USD 42.5 billion in 2022 and is expected to grow at a CAGR of 4.2% from 2023 to 2030.
North American Class 8 truck market revenue reached USD 35.2 billion in 2022, forecasted to grow to USD 48.7 billion by 2028.
North America net Class 8 truck retail sales totaled 252,900 units in 2023, up 12.5% from 2022.
U.S. Class 8 truck production reached 290,100 units in 2023, a 22% increase year-over-year.
Global heavy-duty truck sales hit 3.85 million units in 2023, with China accounting for 1.7 million.
In 2022, U.S. had 12.3 million trucks in operation, representing 72% of freight tonnage.
Average U.S. truck fleet size for for-hire carriers was 150 trucks in 2023.
U.S. private truck fleet numbered 9.1 million vehicles in 2022.
In 2022, U.S. large truck fatal crashes involved 5,887 fatalities, up 3% from prior year.
Large trucks accounted for 23.3% of all work-related fatalities in U.S. 2022.
U.S. truck occupant fatalities totaled 892 in 2022.
In 2023, U.S. heavy trucks averaged 6.2 mpg fuel efficiency.
Global truck CO2 emissions 4 gigatons annually, 12% of transport total.
Electric trucks reduced emissions by 80% vs diesel equivalents in 2023 trials.

The global commercial truck market is steadily expanding with exceptional electric segment growth.

Fleet and Operations

In 2022, U.S. had 12.3 million trucks in operation, representing 72% of freight tonnage.
Average U.S. truck fleet size for for-hire carriers was 150 trucks in 2023.
U.S. private truck fleet numbered 9.1 million vehicles in 2022.
Global truck fleet size exceeded 140 million vehicles in 2023.
China had 38 million heavy-duty trucks registered in 2023.
EU-27 truck fleet over 6.5 million vehicles aged over 10 years average.
U.S. long-haul trucks (over 500 miles) accounted for 52% of freight in 2022.
Average age of U.S. Class 8 trucks was 6.8 years in 2023.
Brazil truck fleet utilization rate averaged 65% in 2023.
India commercial vehicle fleet reached 13 million in 2023.
U.S. drayage trucks numbered 250,000 in operation near ports in 2023.
Global average truck load factor was 62% in 2022.
Canada truck fleet 1.2 million heavy vehicles in 2023.
Australia heavy truck fleet 450,000 units in 2023.
U.K. truck fleet over 500,000 goods vehicles in 2023.
Mexico truck fleet 1.8 million units, 70% over 10 years old in 2023.
Average U.S. truck traveled 45,200 miles annually in 2022.
Europe truck average annual mileage 100,000 km per vehicle.
U.S. refrigerated truck fleet 250,000 units in 2023.
Global tanker truck fleet 2.5 million vehicles in 2023.
U.S. for-hire carriers operated 91% of truck ton-miles in 2022.
China truck empty backhaul rate 38% in 2023.
Average fleet turnover rate for U.S. trucks 50% annually in 2023.
Japan truck fleet 3.8 million commercial vehicles in 2023.
South Africa truck fleet 350,000 heavy vehicles.
U.S. intermodal trucks handled 15 million containers in 2023.
Global flatbed truck fleet segment 30% of total trucks.
U.S. average truck downtime 5.5 hours per week in 2023.
EU cross-border truck operations 25% of total mileage.

Fleet and Operations Interpretation

America is carrying the world on its back—quite literally, as its vast but aging fleets hustle the lion's share of freight—while the globe's colossal parade of trucks reveals a shared reality of impressive scale, stubborn inefficiency, and an urgent need for newer wheels.

Market Size and Growth

In 2023, the global commercial truck market was valued at approximately USD 456.7 billion, projected to reach USD 678.9 billion by 2030 with a CAGR of 5.8%.
The U.S. heavy-duty truck market size was valued at USD 42.5 billion in 2022 and is expected to grow at a CAGR of 4.2% from 2023 to 2030.
North American Class 8 truck market revenue reached USD 35.2 billion in 2022, forecasted to grow to USD 48.7 billion by 2028.
The European commercial vehicle market size was estimated at EUR 45.3 billion in 2023, with a projected CAGR of 3.9% through 2030.
China's heavy truck market generated revenues of CNY 250 billion in 2022, expected to expand at 6.1% CAGR to 2028.
Global medium-duty truck market valued at USD 85.4 billion in 2023, anticipated to hit USD 112.3 billion by 2032 at 3.1% CAGR.
U.S. light-duty truck market size stood at USD 120 billion in 2022, projected CAGR of 5.2% to USD 180 billion by 2030.
Indian commercial vehicle market revenue was INR 850 billion in FY2023, expected to grow at 7.5% CAGR to FY2030.
Brazil's truck market size reached BRL 35 billion in 2023, with a forecasted CAGR of 4.8% through 2029.
Global used truck market valued at USD 120 billion in 2022, projected to reach USD 165 billion by 2030 at 4.1% CAGR.
In 2023, U.S. heavy truck aftermarket parts market was USD 28.5 billion, growing at 3.7% CAGR to 2030.
Asia-Pacific truck market size was USD 150 billion in 2023, expected CAGR 6.2% to USD 220 billion by 2030.
Global electric truck market valued at USD 12.5 billion in 2023, projected to surge to USD 150 billion by 2030 at 42% CAGR.
U.S. vocational truck market size USD 15.2 billion in 2022, CAGR 4.5% to USD 22 billion by 2030.
Middle East truck market revenue USD 18 billion in 2023, growth at 5.1% CAGR to 2029.
In 2022, global truck leasing market was USD 45 billion, forecasted to USD 65 billion by 2030 at 4.7% CAGR.
Canada's heavy truck market size CAD 12 billion in 2023, CAGR 3.8% to 2030.
Australian truck market valued at AUD 8.5 billion in 2023, projected CAGR 4.2%.
South Korea's commercial truck market KRW 20 trillion in 2022, growth 5.3% CAGR.
Mexico truck market size USD 6.5 billion in 2023, CAGR 6.0% to 2030.
In 2023, global autonomous truck market valued at USD 2.1 billion, exploding to USD 28 billion by 2030 at 45% CAGR.
U.S. refuse truck market USD 4.2 billion in 2022, CAGR 4.1% to 2030.
Japan's heavy truck market JPY 1.2 trillion in 2023, growth 3.5% CAGR.
Global dump truck market USD 18.5 billion in 2023, to USD 25 billion by 2030 at 4.4% CAGR.
U.K. truck market GBP 7 billion in 2023, CAGR 3.9%.
Turkey's commercial vehicle market TRY 150 billion in 2023, growth 8.2% CAGR.
In 2022, global tractor-trailer market USD 55 billion, projected 4.6% CAGR to 2030.
Germany's heavy truck market EUR 12 billion in 2023, CAGR 4.0%.
Southeast Asia truck market USD 25 billion in 2023, CAGR 5.7% to 2030.
Global box truck market USD 22 billion in 2023, to USD 32 billion by 2032 at 4.2% CAGR.
In 2023, U.S. Class 6-7 truck market USD 10.5 billion, growth 3.8% CAGR.

Market Size and Growth Interpretation

While the global truck market is steadily hauling itself towards a trillion-dollar future, the electric and autonomous segments are racing ahead like they’ve got rockets in the trailer.

Safety and Regulations

In 2022, U.S. large truck fatal crashes involved 5,887 fatalities, up 3% from prior year.
Large trucks accounted for 23.3% of all work-related fatalities in U.S. 2022.
U.S. truck occupant fatalities totaled 892 in 2022.
72% of large truck crash fatalities were passenger vehicle occupants in 2022.
Average large truck crash cost USD 91,000 per incident in 2023 estimates.
EU heavy truck road fatalities 3,500 in 2022, down 5% YoY.
U.S. truck rollover crashes 4% of all large truck crashes but 17% fatalities in 2022.
FMCSA reported 4,900 fatalities in truck-involved crashes 2022.
China heavy truck accident rate 1.2 per million km in 2023.
U.S. Hours-of-Service violations led to 15% of fatigue-related crashes.
ELD mandate reduced U.S. truck crash rates by 7% post-2017.
30% of U.S. large truck crashes involve speeding in 2022.
Brazil truck accident fatalities 5,000 annually average 2022-2023.
U.K. HGVs involved in 3% of fatal crashes but 18% serious injuries 2023.
Automatic Emergency Braking (AEB) reduces truck rear-end crashes by 50%.
U.S. CSA scores flagged 20% of carriers for safety interventions 2023.
India commercial vehicle accidents 150,000 annually, 15% fatal.
EU tachograph non-compliance fines averaged EUR 1,200 per violation 2023.
U.S. truck driver fatigue cited in 13% of fatal crashes 2022.
Collision Avoidance Systems adoption 65% in new U.S. trucks 2023.
Australia heavy vehicle crash rate 1.1 fatalities per 100 million km 2023.
Mexico truck crashes 45,000 incidents yearly, 8% fatal.
U.S. bridge strikes by trucks 20,000 incidents annually.
94% of U.S. commercial truck crashes human error related.
Canada truck fatal crashes 450 in 2022.
Japan truck accident rate 0.8 per million km, lowest globally.
Global truck safety tech market USD 15 billion in 2023.
U.S. drug-positive truck drivers 16% in fatal crashes 2022.
EU mirror regulations reduced side-swipe crashes by 30% since 2018.
South Korea truck safety compliance 92% in 2023 inspections.
U.S. truck parking shortage contributes to 15% fatigue incidents.

Safety and Regulations Interpretation

Behind these cold statistics lies a grim paradox: the industry's immense progress in safety technology and regulation is still being ruthlessly undercut by the oldest, most stubborn hazards on the road—human error, fatigue, and simple recklessness.

Sales and Production

North America net Class 8 truck retail sales totaled 252,900 units in 2023, up 12.5% from 2022.
U.S. Class 8 truck production reached 290,100 units in 2023, a 22% increase year-over-year.
Global heavy-duty truck sales hit 3.85 million units in 2023, with China accounting for 1.7 million.
Europe medium and heavy truck registrations were 290,000 units in 2023, up 7% from 2022.
U.S. medium-duty truck sales (Class 4-7) totaled 510,000 units in 2023.
China's heavy truck sales reached 1.68 million units in 2023, a record high with 10.2% growth.
India commercial vehicle sales were 962,000 units in FY2023, up 4.5% YoY.
Brazil truck sales totaled 142,000 units in 2023, rebounding 22% from 2022.
Global electric truck sales surpassed 150,000 units in 2023, led by China with 109,000.
U.S. vocational truck sales (mixers, dumps) were 45,000 Class 8 units in 2023.
Japan heavy truck sales 35,000 units in 2023, down 5% due to economic factors.
Mexico heavy truck sales 48,000 units in 2023, up 15% YoY.
Australia truck sales 48,500 units in 2023, increase of 18%.
U.K. truck registrations 39,000 heavy units in 2023, up 10%.
Canada Class 8 sales 32,000 units in 2023, growth 14%.
Germany heavy truck new registrations 28,500 units in 2023, up 2%.
South Korea truck production 320,000 units in 2023.
Global Class 8 tractor sales 210,000 units in North America 2023.
U.S. used Class 8 truck sales averaged 450,000 annually pre-2023, stabilizing in 2023.
PACCAR Inc. delivered 185,000 trucks globally in 2023.
Daimler Truck sold 520,000 vehicles worldwide in 2023.
Volvo Trucks global sales 140,000 units in 2023, up 11%.
Tata Motors CV sales 425,000 units in India FY2023.
Isuzu Motors truck sales 200,000 units globally 2023.
Scania delivered 87,000 trucks in 2023.
MAN Truck & Bus sales 110,000 vehicles in 2023.
Hino Motors sales 130,000 trucks in 2023.
Navistar (Traton) U.S. sales 25,000 Class 8 in 2023.
Mack Trucks sales 40,000 units North America 2023.
Freightliner (Daimler) dominated with 40% U.S. Class 8 market share in 2023.
Peterbilt sales 35,000 trucks in 2023.

Sales and Production Interpretation

Despite China absolutely dwarfing global heavy-truck sales volumes—its domestic market alone is nearly half the world total—the North American industry is humming along like a well-tuned diesel, with record production and a stabilizing used market proving that even in a world of electric upstarts, the classic workhorse is still hauling the economy.

Sustainability and Technology

In 2023, U.S. heavy trucks averaged 6.2 mpg fuel efficiency.
Global truck CO2 emissions 4 gigatons annually, 12% of transport total.
Electric trucks reduced emissions by 80% vs diesel equivalents in 2023 trials.
U.S. truck sector biofuel use 3 billion gallons in 2022.
EU trucks under Euro VI standards emit 90% less NOx than pre-2013.
China New Energy truck sales 120,000 units in 2023, 7% of total.
Average U.S. Class 8 fuel cost per mile USD 0.65 in 2023.
Telematics adoption in fleets 75% globally, saving 5-10% fuel.
Global hydrogen fuel cell trucks reached 5,000 units deployed 2023.
U.S. truck idling consumes 6 billion gallons diesel equivalent yearly.
Aerodynamic improvements boost truck MPG by 10% on highways.
India BS-VI trucks cut PM emissions 70% vs BS-IV.
Autonomous platooning reduces fuel use 8% in tests.
U.S. LNG truck fuelings 1.2 billion diesel gallon equivalents 2023.
Global truck ADAS penetration 60% in new vehicles 2023.
Predictive cruise control saves 5% fuel in long-haul trucks.
Brazil biodiesel blend B15 in trucks from 2023, reducing CO2 12%.
U.K. ZEV mandate targets 100% zero-emission truck sales by 2040.
Dual-fuel natural gas trucks 15% cheaper to operate per mile.
Global truck battery market USD 8 billion in 2023 for EVs.
Route optimization software cuts fuel 10% via AI.
U.S. EPA SmartWay certified trucks 450 fleets, saving 300M gallons fuel.
V2X communication trials show 20% congestion reduction.
Australia low-emission truck roadmap targets 50% by 2030.
Tire pressure monitoring boosts MPG 2-3%.
Global truck electrification TCO 20% lower by 2030 projections.
Japan hydrogen truck pilots 50 units, zero tailpipe emissions.
U.S. truck GHG emissions targeted 60% cut by 2030 per IRA.
Predictive maintenance via IoT reduces downtime 30%, fuel waste.

Sustainability and Technology Interpretation

The trucking industry is belching out a planet-sized problem but is busily tinkering with everything from soybeans to supercomputers to prove it’s possible to deliver the goods without delivering our demise.

Sources & References

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