Truck Trailer Manufacturing in the US - Industry Market Research Report

Truck Trailer Manufacturing in the US - Industry Market Research Report

Truck Trailer Manufacturing in the US

Truck trailer manufacturers have gone on a wild ride in recent years, enduring severe losses and enjoying unprecedented demand nearly virtually back to- back. The outbreak of COVID-19 brought the global economy to a screeching halt as lockdown orders were put in place. This severely limited trade at both the domestic and international levels, sending trailer manufacturers' revenue off a cliff. But the rapid economic growth as pandemic-related disruptions faded quickly brought the industry record revenue, as pent-up demand was being met across so many different industries, driving the need for freight transport through the roof. Volatile commodity prices had a mixed effect on the industry at this time, as they dropped significantly during the height of pandemic-related declines, lowering purchase prices but also lowering the need to transport them. As commodity prices grew again, trade benefited while manufacturers incurred greater costs. Altogether, industry revenue has been growing at a CAGR of 1.7% to $15.8 billion over the past five years, despite an expected drop of 4.7% in 2023 alone.

Operators in this industry manufacture trailers that are specifically designed for use on heavy-duty trucks. Trailer types vary based on size and purpose and include dry van, flatbed and refrigerated trailer varieties. This industry does not include light-truck trailers or travel trailers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.