Key Takeaways
- In 2022, the global truck market was valued at approximately 678.5 billion USD, with projections to reach 1,116.8 billion USD by 2030 at a CAGR of 6.4%
- North America held the largest share of the truck market in 2022 with 35.2% revenue share due to high demand in logistics
- The heavy-duty truck segment accounted for 42.7% of the global truck market revenue in 2023, driven by construction and mining activities
- Large trucks were involved in 4,479 fatal crashes in the US in 2021, accounting for 8.3% of all traffic fatalities
- In 2021, 91% of large trucks in fatal crashes had drivers who contributed to the crash, per NHTSA analysis
- Truck occupant fatalities totaled 745 in the US in 2021, a 27% increase from 2020
- Average diesel truck fuel economy was 6.2 mpg in 2022 for Class 8 tractors
- Heavy-duty trucks emit 25% of US on-road nitrogen oxides (NOx) despite 5% of VMT
- A typical semi-truck emits 161 grams of CO2 per mile driven
- A Class 8 truck's curb weight averages 18,000 lbs with 80,000 lb GVWR
- Standard semi-trailer length in US is 53 feet, width 8.5 feet, height 13.5 feet
- Class 8 trucks have GVWR from 33,001 lbs to 80,000 lbs
- US trucking moves 72.5% of freight by weight, 10.41 trillion ton-miles in 2022
- Average truck driver salary in US is $54,000 annually as of 2023
- Trucks travel 12.3 billion miles daily in the US freight network
The global truck market is booming, but safety and emissions remain serious challenges.
Fuel Efficiency and Emissions
Fuel Efficiency and Emissions Interpretation
Market Statistics
Market Statistics Interpretation
Operational Statistics
Operational Statistics Interpretation
Safety Statistics
Safety Statistics Interpretation
Size and Specifications
Size and Specifications Interpretation
Technological Statistics
Technological Statistics Interpretation
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