In 2021, around 10.9 million commercial vehicles were produced in North America. Commercial vehicle production fell globally between 2019 and 2020 due to the Covid-19 pandemic, including North American production, but picked back up in 2021. A increase of around seven percent year-on-year was felt in the region. The region remained the leading commercial vehicle producer, with just under one in two commercial vehicles manufactured in North America in 2021.
Trucks move the U.S. economy
Pickups and light trucks such as the Ford F-450 were extremely popular in the United States, straddling commercial and personal use. Additionally, their heavy-duty counterparts sold well in a market that has active agricultural, manufacturing, and construction industries. One of the largest commercial vehicle segments in the United States was road freight, as trucks accounted for about 64 percent of freight movements in the country in 2018. U.S. truckers hauled about 10 billion tons worth of goods across large distances of the country on highways and to areas not served by rail.
Slowing global demand
A downturn in the global economy and its impact on commercial vehicle demand posed a concern for manufacturers in 2020. The impact of the 2020 coronavirus pandemic on the transportation and logistics industry has been felt across the industry, with manufacturing plants at a standstill due to national lockdowns and global demand dropping in the first quarter of the year. Freight demand picked up in the fourth quarter of 2020. This was not enough to offset the production downturn of the first quarters, but is a first step toward economic recovery. However, the supply chain struggled with this rise in demand as semiconductor stocks dwindled, leading to a global automotive semiconductor shortage which impacted manufacturers' output and inventory.
Commercial vehicle production volume worldwide between 2018 and 2021, by region
Figures were calculated by Statista based on data published by the source.
2018 figures were retrieved from previous data releases by the source.
The figures have been rounded. Commercial vehicles include motor vehicles with at least four wheels that are used to transport goods or passengers and weigh more than 3.5 metric tons.
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Statista. (May 18, 2022). Commercial vehicle production volume worldwide between 2018 and 2021, by region (in units) [Graph]. In Statista. Retrieved November 27, 2022, from https://www.statista.com/statistics/1095356/commercial-vehicle-production-worldwide-by-region/
Statista. "Commercial vehicle production volume worldwide between 2018 and 2021, by region (in units)." Chart. May 18, 2022. Statista. Accessed November 27, 2022. https://www.statista.com/statistics/1095356/commercial-vehicle-production-worldwide-by-region/
Statista. (2022). Commercial vehicle production volume worldwide between 2018 and 2021, by region (in units). Statista. Statista Inc.. Accessed: November 27, 2022. https://www.statista.com/statistics/1095356/commercial-vehicle-production-worldwide-by-region/
Statista. "Commercial Vehicle Production Volume Worldwide between 2018 and 2021, by Region (in Units)." Statista, Statista Inc., 18 May 2022, https://www.statista.com/statistics/1095356/commercial-vehicle-production-worldwide-by-region/
Statista, Commercial vehicle production volume worldwide between 2018 and 2021, by region (in units) Statista, https://www.statista.com/statistics/1095356/commercial-vehicle-production-worldwide-by-region/ (last visited November 27, 2022)