Key Highlights
- The global truck fleet size was estimated to be over 300 million commercial trucks in 2021
- The United States had approximately 13 million trucks in its commercial fleet in 2020
- China’s commercial truck fleet surpassed 18 million vehicles in 2020
- India had an estimated 7 million trucks registered in 2022
- Europe’s truck fleet was approximately 15 million vehicles in 2021
- The number of heavy-duty trucks worldwide reached about 120 million in 2022
- The average age of trucks in North America is around 11 years
- The lifetime of a typical commercial truck is around 15 years
- The European truck fleet has been growing at an annual rate of 2% since 2018
- The number of electric trucks in commercial fleets globally was estimated at around 500,000 in 2023
- The US commercial trucking industry contributes approximately $790 billion to the economy annually
- The total number of registered trucks in Canada was approximately 2 million in 2021
- About 70% of freight in the US is moved by trucks
The global truck fleet, boasting over 300 million commercial vehicles in 2021, is the backbone of global logistics and transportation, reflecting a dynamic industry marked by rapid growth, technological innovation, and the pressing need for sustainable solutions.
Adoption Trends
- The number of trucks equipped with telematics systems has increased by approximately 35% since 2019
Adoption Trends Interpretation
Electric and Alternative Fuel Vehicles
- The number of LNG-powered trucks globally increased by 15% in 2022
- The average fuel efficiency of trucks has improved by 8% over the last decade
- The share of electric trucks in the North American fleet is expected to reach 10% by 2025
- The number of trucks with alternative fuel technology, such as LNG or CNG, doubled between 2018 and 2022 globally
- The global electric truck market share was about 0.3% of the overall truck fleet in 2023, projected to grow rapidly
Electric and Alternative Fuel Vehicles Interpretation
Fleet Size and Regional Distribution
- The global truck fleet size was estimated to be over 300 million commercial trucks in 2021
- The United States had approximately 13 million trucks in its commercial fleet in 2020
- China’s commercial truck fleet surpassed 18 million vehicles in 2020
- India had an estimated 7 million trucks registered in 2022
- Europe’s truck fleet was approximately 15 million vehicles in 2021
- The number of heavy-duty trucks worldwide reached about 120 million in 2022
- The European truck fleet has been growing at an annual rate of 2% since 2018
- The number of electric trucks in commercial fleets globally was estimated at around 500,000 in 2023
- The total number of registered trucks in Canada was approximately 2 million in 2021
- About 70% of freight in the US is moved by trucks
- The truck fleet in Australia is estimated at 3 million vehicles as of 2022
- The average annual growth rate of the truck fleet in Brazil is roughly 3%
- Fleet management companies estimate that maintenance costs for trucks account for 40% of total fleet operating expenses
- The fleet size of refrigerated trucks, or reefers, globally is approximately 12 million
- In Japan, the truck fleet size was around 4 million in 2020
- The number of hybrid trucks in operation worldwide is estimated at 200,000 in 2023
- The total number of trucks registered in Mexico was over 2 million in 2021
- The number of trucks per capita in Germany is about 275 trucks per 1,000 people
- The global market for autonomous trucks is projected to reach 120,000 units by 2030
- Fleet drivers in the US collectively drive over 300 billion miles annually
- The annual growth rate of truck registrations in Russia is about 2.5%
- The total number of lightweight trucks (under 3.5 tons) in India is over 4 million
- The majority of trucks in Africa are used commercial vehicles, with fleet size estimated at 1.2 million in 2021
- The number of logistics companies operating fleets of over 100 trucks worldwide is approximately 10,000
- The total number of dump trucks in use worldwide is estimated at 2 million
- The global demand for truck tires is forecasted to grow at a CAGR of 4% through 2030, influenced by fleet size increases
- The number of trucks in the US that are classified as “big rigs” or semi-trucks exceeds 2 million
- The number of refrigerated trucks across Asia has increased by an estimated 10% annually since 2015
- The cumulative total of registered trucks in South Africa reached approximately 1.5 million in 2022
- The number of registered vehicles for freight in South Korea exceeded 3 million in 2021
- The fleet size of delivery trucks in urban centers worldwide continues to grow, with estimates of over 10 million vehicles in large cities in 2022
Fleet Size and Regional Distribution Interpretation
Industry Contributions, Employment, and Market Dynamics
- The US commercial trucking industry contributes approximately $790 billion to the economy annually
- The number of trucking companies worldwide exceeds 3 million
- Heavy commercial trucks account for roughly 60% of freight transport emissions
- The employment in the trucking industry accounts for approximately 7.5 million jobs in the US alone
- The annual investment in truck manufacturing globally is estimated at over $150 billion, reflecting fleet expansions and upgrades
Industry Contributions, Employment, and Market Dynamics Interpretation
Lifetime
- The lifetime of a typical commercial truck is around 15 years
- The average lifetime of an electric commercial truck is projected to be around 12-15 years, similar to traditional trucks
Lifetime Interpretation
Vehicle Age
- The average age of trucks in North America is around 11 years
- The percentage of trucks in the US that are over 10 years old is approximately 25%
- The average age of trucks in the Australian fleet is around 12 years, with newer models increasingly replacing older ones
Vehicle Age Interpretation
Sources & References
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