Truck & Bus Manufacturing in the US
Operators in the Truck and Bus Manufacturing industry experienced volatile swings over the past five years. Truck and bus manufacturers experienced heightened demand for their products as the economy improved in response to higher trade and freight volumes. Additionally, the Environmental Protection Agency (EPA) enacted a second phase of emissions standards in 2017. As a result, truck manufacturers experienced increased demand for vehicles that are compliant with these standards. Nonetheless, demand for new trucks slowed in recent years, as many freight companies released pent-up demand during the first half of the five-year period. The next five years are expected to be brighter for the industry. Strengthening global growth will likely lead to higher trade and freight volumes and, in turn, increased demand for trucks to carry goods and for new truck purchases. Furthermore, due to previous EPA regulations, truck and bus manufacturers have heavily invested in new technologies. Trucks that make use of fuel-efficient technologies and alternative fuels will become more appealing as diesel fuel prices rise over the next five years.
Companies in this industry manufacture truck and bus chassis and assemble trucks, buses and other specialty heavy-duty vehicles, including ambulances and firefighting trucks. This industry includes heavy trucks used by freight companies but excludes passenger vehicles.
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.