Key Takeaways
- The U.S. work truck market was valued at $48.2 billion in 2023, projected to grow to $62.7 billion by 2030 at a CAGR of 3.8%.
- Global commercial work truck industry reached $145.3 billion in revenue in 2022, with North America holding 35% market share.
- Work truck upfitting market in the U.S. generated $12.5 billion in 2023, driven by vocational body demand.
- In 2023, U.S. work truck chassis sales totaled 512,000 units, up 4.1% YoY.
- Ford F-Series sold 145,000 work truck variants in U.S. 2023.
- Ram 5500/6500 work trucks sold 28,500 units in North America 2023.
- Average U.S. work truck fleet size is 15.2 vehicles per company in 2023 survey.
- 68% of U.S. work truck fleets use telematics for tracking in 2023.
- Average annual mileage for vocational work trucks is 28,450 miles in U.S. 2023.
- BEV work trucks accounted for 2.3% of U.S. new sales in 2023.
- 18% of work truck OEMs offer hybrid powertrains in 2023 models.
- Telematics penetration in work trucks reached 65% in U.S. fleets 2023.
- U.S. work truck industry directly employs 1.2 million workers in 2023.
- Upfitting sector supports 120,000 jobs in manufacturing and installation 2023.
- Work truck sales contributed $45 billion to U.S. GDP in 2023.
The global work truck industry is thriving and steadily expanding across all major markets.
Economic Impact and Employment
Economic Impact and Employment Interpretation
Fleet Management and Usage
Fleet Management and Usage Interpretation
Market Size and Growth
Market Size and Growth Interpretation
Sales and Production
Sales and Production Interpretation
Technology and Electrification
Technology and Electrification Interpretation
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