From mammoth global market valuations reaching into the hundreds of billions to the millions of drivers who form its backbone, the trucking industry is the colossal, often unseen, engine that powers the modern world.
Key Takeaways
- In 2022, the U.S. trucking industry generated $940.8 billion in gross freight revenue
- The global truck market size was valued at $567.2 billion in 2023
- North American Class 8 truck market reached $38.5 billion in sales value in 2022
- U.S. Class 8 truck sales reached 265,000 units in 2022
- Global heavy-duty truck production was 4.2 million units in 2022
- Ford F-Series sold 750,000 units in U.S. in 2022
- U.S. trucking industry employs 3.5 million drivers in 2023
- Trucking supports 26 million jobs in U.S. supply chain in 2022
- U.S. truck drivers average salary $50,340 annually in 2022
- U.S. electric truck adoption in fleets 2% in 2023
- 45% of new trucks in Europe equipped with ADAS in 2022
- Global telematics penetration in trucks 65% by 2025 forecast from 35% in 2022
- Trucks emit 23% of U.S. transportation GHG in 2022
- U.S. large trucks involved in 4,000 fatal crashes in 2021
- Average U.S. truck fuel economy 6.5 mpg for Class 8 in 2022
The global truck industry is a multi-trillion dollar economic force that faces challenges like emissions and driver shortages.
Employment and Economic Contribution
- U.S. trucking industry employs 3.5 million drivers in 2023
- Trucking supports 26 million jobs in U.S. supply chain in 2022
- U.S. truck drivers average salary $50,340 annually in 2022
- 8.4 million people employed in U.S. trucking-related jobs in 2021
- Driver shortage in U.S. trucking reached 80,000 in 2023
- Trucking contributes $1.2 trillion to U.S. GDP annually as of 2022
- 50% of U.S. truck drivers are over 46 years old in 2023
- Women represent 8.1% of U.S. truck drivers in 2022
- Average turnover rate for U.S. truckload carriers 94% annualized in Q4 2022
- Trucking pays $126 billion in wages annually in U.S. 2022
- 1 in 9 U.S. jobs linked to trucking in 2021
- Canada trucking employs 300,000 drivers in 2022
- Europe trucking workforce 2.5 million in 2022
- China truck drivers number 30 million in 2023
- U.S. mechanics and technicians in trucking 250,000 in 2022
- India commercial vehicle drivers 12 million in 2023
- Brazil trucking employs 1.2 million in 2022
- Australia truck drivers 150,000 in 2022
- Mexico trucking workforce 800,000 in 2023
- U.K. HGV drivers 400,000 in 2022
- Global truck driver shortage 3.6 million by 2028 forecast
- U.S. dispatchers in trucking 100,000 employed in 2022
- Trucking generates $8,500 per employee economic output in U.S. 2022
- 70% of U.S. freight by ton-miles by truck in 2022
- U.S. trucking pays $55 billion in taxes annually 2022
- Entry-level truck driver training costs average $5,000 in U.S. 2023
Employment and Economic Contribution Interpretation
The American trucking industry is a trillion-dollar economic engine that is stubbornly powered by overworked, underpaid, and rapidly aging drivers who are so desperately needed that nearly everyone quits just so they can be replaced.
Environmental and Safety Statistics
- Trucks emit 23% of U.S. transportation GHG in 2022
- U.S. large trucks involved in 4,000 fatal crashes in 2021
- Average U.S. truck fuel economy 6.5 mpg for Class 8 in 2022
- Europe trucks NOx emissions down 80% since Euro VI 2013
- 29% of U.S. freight greenhouse gases from trucks in 2021
- Global truck CO2 emissions 1.9 gigatons annually 2022
- U.S. truck crash rate 1.2 per million miles in 2022
- Diesel trucks PM2.5 emissions reduced 99% since 1988 in U.S.
- 12% of road fatalities in U.S. involve large trucks 2021
- EU truck CO2 standards target 15% reduction by 2025
- U.S. idling trucks consume 6 billion gallons fuel yearly 2022
- China truck fleet average age 8.5 years contributing to emissions 2023
- Safety belt usage in U.S. trucks 70% in crashes 2022
- Biofuel use in U.S. trucks 3 billion gallons annually 2022
- Large trucks 4% of U.S. vehicles but 10% of fatalities 2021
- Global truck scrappage rate 5% annually 2022
- U.S. truck rollover crashes 3% of total large truck crashes 2022
- India truck emissions contribute 40% of transport pollution 2023
- Anti-lock braking systems reduce crashes 20% in trucks
- U.S. truck fuel taxes $50 billion collected yearly 2022
- Zero-emission trucks 2% of global sales in 2023
- U.S. truck occupant fatalities down 25% since 2010
- LNG reduces CO2 by 20% vs diesel in trucks 2022
- Brazil truck accidents 50,000 yearly 2022
- ESC systems prevent 40% of crashes in EU trucks 2023
- U.S. truck black box data used in 60% of litigated crashes 2023
- Global truck tire wear contributes 10% to road dust PM 2022
Environmental and Safety Statistics Interpretation
The truck industry is a tale of two roads: one marked by impressive, hard-won gains in efficiency and safety, and the other by a stubborn and outsized impact on our planet and public safety that demands we step on the accelerator for zero-emission solutions.
Market Size and Revenue
- In 2022, the U.S. trucking industry generated $940.8 billion in gross freight revenue
- The global truck market size was valued at $567.2 billion in 2023
- North American Class 8 truck market reached $38.5 billion in sales value in 2022
- U.S. for-hire trucking sector accounted for 72.5% of total freight revenue in 2021
- European truck market generated €45 billion in 2022
- China heavy-duty truck market size hit CNY 250 billion in 2023
- U.S. truck leasing market valued at $32 billion in 2022
- Global light truck market reached $250 billion in 2023
- Indian commercial vehicle market size was INR 85,000 crore in FY2023
- Brazil truck market valued at BRL 50 billion in 2022
- U.S. truckload segment revenue grew 25% to $385 billion in 2022
- Global used truck market size estimated at $120 billion in 2023
- Australian heavy vehicle market revenue AUD 15 billion in 2022
- Mexico truck market size reached $8.5 billion in 2023
- Japan truck market valued at JPY 2.5 trillion in 2022
- U.S. private fleet trucking revenue $200 billion in 2021
- Global electric truck market projected to reach $120 billion by 2030 from $4.5 billion in 2022
- South Korea truck market size KRW 20 trillion in 2023
- U.K. truck market revenue £10 billion in 2022
- Canada trucking industry revenue CAD 60 billion in 2022
- Russia truck market size RUB 800 billion in 2022
- Turkey commercial vehicle market TRY 150 billion in 2023
- Southeast Asia truck market $25 billion in 2023
- Middle East heavy truck market $12 billion in 2022
- Africa truck market size $10 billion in 2023
- U.S. LTL market revenue $80 billion in 2022
- Global autonomous truck market $2.6 billion in 2023
- U.S. vocational truck market $15 billion in 2022
- Europe LCV market €30 billion in 2022
- Asia-Pacific truck market $300 billion in 2023
Market Size and Revenue Interpretation
The numbers don't lie: the global economy is a truck carrying a truck carrying several more trucks, all of which are remarkably good at turning diesel (and increasingly, electrons) into staggering sums of money.
Sales and Production Volumes
- U.S. Class 8 truck sales reached 265,000 units in 2022
- Global heavy-duty truck production was 4.2 million units in 2022
- Ford F-Series sold 750,000 units in U.S. in 2022
- China produced 3.5 million commercial vehicles in 2022
- Daimler Trucks sold 520,000 trucks globally in 2022
- PACCAR produced 190,000 Class 8 trucks in 2022
- Volvo Trucks global sales 140,000 units in 2022
- U.S. medium-duty truck sales 350,000 units in 2022
- Europe heavy truck registrations 300,000 units in 2022
- Ram Pickup sales 468,000 units in U.S. 2022
- India sold 900,000 commercial vehicles in FY2023
- Navistar (Traton) sold 110,000 trucks in 2022
- U.S. used truck sales 2.5 million units in 2022
- Japan truck production 450,000 units in 2022
- Scania sold 80,000 trucks in 2022
- Brazil truck sales 150,000 units in 2022
- MAN Truck & Bus sales 100,000 units in 2022
- U.S. Class 4-7 truck sales 240,000 units in 2022
- Mexico truck production 180,000 units in 2022
- Isuzu Motors truck sales 400,000 units globally in 2022
- Canada truck sales 120,000 units in 2022
- Hino Motors sales 150,000 trucks in 2022
- Australia truck sales 45,000 units in 2022
- Renault Trucks sales 60,000 units in Europe 2022
- U.K. truck registrations 95,000 units in 2022
- South Korea truck production 350,000 units in 2022
Sales and Production Volumes Interpretation
The world's economies are quite literally hauled forward by a relentless fleet of trucks, with the data proving that while we may dream of flying cars, the true workhorse of commerce remains stubbornly and massively grounded.
Technological and Innovation Metrics
- U.S. electric truck adoption in fleets 2% in 2023
- 45% of new trucks in Europe equipped with ADAS in 2022
- Global telematics penetration in trucks 65% by 2025 forecast from 35% in 2022
- U.S. Class 8 trucks with predictive cruise control 40% in 2023
- Autonomous truck pilot programs cover 500 million miles in U.S. by 2023
- 30% of heavy trucks in China have connected vehicle tech in 2023
- Average truck fuel efficiency improved 25% since 2000 in U.S.
- Global truck platooning market $1.2 billion in 2023
- 60% of U.S. fleets use ELDs as of 2023
- LNG trucks registrations up 50% in Europe 2022
- U.S. battery-electric medium-duty trucks sales 10,000 units in 2023
- AI route optimization adopted by 55% of large U.S. fleets 2023
- 5G connectivity in trucks 20% penetration globally 2023
- Hydrogen fuel cell trucks 1,500 units sold globally 2022
- U.S. trucks with collision mitigation systems 70% in new sales 2023
- Global truck V2X communication market $500 million 2023
- 25% fuel savings from aerodynamic kits on U.S. trucks 2022
- Autonomous delivery trucks tested 1 million miles by 2023
- India truck telematics growth 40% YoY in 2023
- Europe Level 2 autonomy in trucks 15% in 2023
- U.S. drone-assisted truck inspections piloted in 10 states 2023
- Blockchain for truck freight tracking 10% adoption 2023
- Predictive maintenance reduces downtime 30% in fleets 2023
- U.S. trucks with tire pressure monitoring 85% compliance 2023
- Global digital twin tech in truck manufacturing 20% use 2023
Technological and Innovation Metrics Interpretation
While American trucks are still cautiously dipping a toe into electrification, the global industry is rapidly transforming into a data-driven, efficiency-obsessed ecosystem where connectivity, automation, and intelligence are steering the future of freight.
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