Classes 3-8 truck registrations in the United States 2017-2022

Truck registrations across class ranges between three and eight are expected to remain flat over the upcoming years in the United States, reaching a total of almost 700 million units by 2022. The eight-class classification system of trucks in the U.S. categorizes vehicles by gross vehicle weight rating which can be used to set out specific safety and regulatory requirements of the vehicles. Heavy-duty trucks are in the upper most class, eight, which includes typical 18-wheelers and is expected to see a compound annual growth rate of roughly 1.23 percent from 2017 to 2022.

Heavy-duty

Heavy industries such as agriculture, mining, construction, and cargo transportation are reliant on heavy trucks in order to carry essential freight, as well as perform tasks such as cement mixing. In fact, the majority of freight in the U.S. is moved by truck. Heavy-duty truck sales are tied to productivity of other industries and U.S. construction spending is expected to grow at compound annual growth rates between five and six percent. If registration levels of class eight trucks grow as expected, this may be an indication of strong investments in other areas. If the U.S. is to continue increasing its cargo transportation, more 18-wheelers will be needed to be produced to meet demand.

Projected commercial truck registrations in the United States between 2017 and 2022, by major class

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Sources

Release date

2019

Region

United States

Survey time period

as of February 2019

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