Summary
The NAFTA Medium & Heavy Trucks industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume , and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The medium & heavy trucks industry within the NAFTA countries had a total market value of $1,695.8 billion in 2023.The Mexico was the fastest growing country, with a CAGR of 9% over the 2019-23 period.
- Within the medium & heavy trucks industry, the US is the leading country among the NAFTA bloc, with market revenues of $1,502.8 billion in 2023. This was followed by Canada and Mexico, with a value of $156.4 and $36.5 billion, respectively.
- The US is expected to lead the medium & heavy trucks industry in the NAFTA bloc, with a value of $1,784.9 billion in 2028, followed by Canada and Mexico with expected values of $182.9 and $43.7 billion, respectively.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the NAFTA medium & heavy trucks market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA medium & heavy trucks market
- Leading company profiles reveal details of key medium & heavy trucks market players’ NAFTA operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the NAFTA medium & heavy trucks market with five year forecasts by both value and volume
- Compares data from the US, Canada and Mexico, alongside individual chapters on each country
Reasons to Buy
- What was the size of the NAFTA medium & heavy trucks market by value in 2023?
- What will be the size of the NAFTA medium & heavy trucks market in 2028?
- What factors are affecting the strength of competition in the NAFTA medium & heavy trucks market?
- How has the market performed over the last five years?
- What are the main segments that make up the NAFTA medium & heavy trucks market?
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Table of Contents
1 Introduction
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 NAFTA Medium & Heavy Trucks
2.1. Industry Outlook
3 Medium & Heavy Trucks in Canada
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Medium & Heavy Trucks in Mexico
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Macroeconomic Indicators
6.1. Country data
7 Medium & Heavy Trucks in The United States
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 Macroeconomic Indicators
8.1. Country data
9 Company Profiles
9.1. Daimler Financial Services AG
9.2. Volkswagen AG
9.3. Isuzu Motors Limited
9.4. AB Volvo
9.5. Hino Motors, Ltd.
9.6. CNH Industrial NV
9.7. PACCAR Inc.
9.8. Beiqi Foton Motor Co Ltd
9.9. China FAW Group Co Ltd
9.10. Mahindra & Mahindra Limited
9.11. Eicher Motors Ltd
9.12. Hyundai Motor Company
9.13. Tata Motors Limited
9.14. KG Mobility Co Ltd
9.15. Ashok Leyland Limited
9.16. Kamaz
9.17. GAZ
9.18. Sinotruk (Hong Kong) Ltd
9.19. Dongfeng Motor Group Co Ltd
10 Appendix
10.1. Methodology
10.2. About MarketLine
List of Tables
Table 1: NAFTA countries medium & heavy trucks industry, revenue ($bn), 2019-28
Table 2: NAFTA countries medium & heavy trucks industry, revenue ($bn), 2019-23
Table 3: NAFTA countries medium & heavy trucks industry forecast, revenue ($bn), 2023-28
Table 4: Canada medium & heavy trucks market value: $ billion, 2018-23
Table 5: Canada medium & heavy trucks market volume: thousand units, 2018–23
Table 6: Canada medium & heavy trucks market category segmentation: % share, by volume, 2018–2023
Table 7: Canada medium & heavy trucks market category segmentation: thousand units, 2018-2023
Table 8: Canada medium & heavy trucks market geography segmentation: $ billion, 2023
Table 9: Canada medium & heavy trucks market value forecast: $ billion, 2023–28
Table 10: Canada medium & heavy trucks market volume forecast: thousand units, 2023–28
Table 11: Canada size of population (million), 2019–23
Table 12: Canada gdp (constant 2005 prices, $ billion), 2019–23
Table 13: Canada gdp (current prices, $ billion), 2019–23
Table 14: Canada inflation, 2019–23
Table 15: Canada consumer price index (absolute), 2019–23
Table 16: Canada exchange rate, 2019–23
Table 17: Mexico medium & heavy trucks market value: $ billion, 2018-23
Table 18: Mexico medium & heavy trucks market volume: thousand units, 2018–23
Table 19: Mexico medium & heavy trucks market category segmentation: % share, by volume, 2018–2023
Table 20: Mexico medium & heavy trucks market category segmentation: thousand units, 2018-2023
Table 21: Mexico medium & heavy trucks market geography segmentation: $ billion, 2023
Table 22: Mexico medium & heavy trucks market value forecast: $ billion, 2023–28
Table 23: Mexico medium & heavy trucks market volume forecast: thousand units, 2023–28
Table 24: Mexico size of population (million), 2019–23
Table 25: Mexico gdp (constant 2005 prices, $ billion), 2019–23
Table 26: Mexico gdp (current prices, $ billion), 2019–23
Table 27: Mexico inflation, 2019–23
Table 28: Mexico consumer price index (absolute), 2019–23
Table 29: Mexico exchange rate, 2019–23
Table 30: United States medium & heavy trucks market value: $ billion, 2018-23
Table 31: United States medium & heavy trucks market volume: thousand units, 2018–23
Table 32: United States medium & heavy trucks market category segmentation: % share, by volume, 2018–2023
Table 33: United States medium & heavy trucks market category segmentation: thousand units, 2018-2023
Table 34: United States medium & heavy trucks market geography segmentation: $ billion, 2023
Table 35: United States medium & heavy trucks market value forecast: $ billion, 2023–28
Table 36: United States medium & heavy trucks market volume forecast: thousand units, 2023–28
Table 37: United States size of population (million), 2019–23
Table 38: United States gdp (constant 2005 prices, $ billion), 2019–23
Table 39: United States gdp (current prices, $ billion), 2019–23
Table 40: United States inflation, 2019–23
Table 41: United States consumer price index (absolute), 2019–23
Table 42: United States exchange rate, 2019–23
Table 43: Daimler Financial Services AG: key facts
Table 44: Daimler Financial Services AG: Key Employees
Table 45: Volkswagen AG: key facts
Table 46: Volkswagen AG: Annual Financial Ratios
Table 47: Volkswagen AG: Key Employees
Table 48: Volkswagen AG: Key Employees Continued
Table 49: Volkswagen AG: Key Employees Continued
Table 50: Isuzu Motors Limited: key facts
Table 51: Isuzu Motors Limited: Annual Financial Ratios
Table 52: Isuzu Motors Limited: Key Employees
Table 53: Isuzu Motors Limited: Key Employees Continued
Table 54: AB Volvo: key facts
Table 55: AB Volvo: Annual Financial Ratios
Table 56: AB Volvo: Key Employees
Table 57: AB Volvo: Key Employees Continued
Table 58: Hino Motors, Ltd.: key facts
Table 59: Hino Motors, Ltd.: Annual Financial Ratios
Table 60: Hino Motors, Ltd.: Key Employees
Table 61: CNH Industrial NV: key facts
Table 62: CNH Industrial NV: Annual Financial Ratios
Table 63: CNH Industrial NV: Key Employees
Table 64: CNH Industrial NV: Key Employees Continued
Table 65: PACCAR Inc.: key facts
Table 66: PACCAR Inc.: Annual Financial Ratios
Table 67: PACCAR Inc.: Key Employees
Table 68: PACCAR Inc.: Key Employees Continued
Table 69: Beiqi Foton Motor Co Ltd: key facts
Table 70: Beiqi Foton Motor Co Ltd: Annual Financial Ratios
Table 71: Beiqi Foton Motor Co Ltd: Key Employees
Table 72: China FAW Group Co Ltd: key facts
Table 73: China FAW Group Co Ltd: Key Employees
Table 74: Mahindra & Mahindra Limited: key facts
Table 75: Mahindra & Mahindra Limited: Annual Financial Ratios
Table 76: Mahindra & Mahindra Limited: Key Employees
Table 77: Mahindra & Mahindra Limited: Key Employees Continued
Table 78: Eicher Motors Ltd: key facts
Table 79: Eicher Motors Ltd: Annual Financial Ratios
Table 80: Eicher Motors Ltd: Key Employees
Table 81: Hyundai Motor Company: key facts
Table 82: Hyundai Motor Company: Annual Financial Ratios
Table 83: Hyundai Motor Company: Key Employees
Table 84: Hyundai Motor Company: Key Employees Continued
Table 85: Tata Motors Limited: key facts
Table 86: Tata Motors Limited: Annual Financial Ratios
Table 87: Tata Motors Limited: Key Employees
Table 88: KG Mobility Co Ltd: key facts
Table 89: KG Mobility Co Ltd: Annual Financial Ratios
Table 90: KG Mobility Co Ltd: Key Employees
Table 91: Ashok Leyland Limited: key facts
Table 92: Ashok Leyland Limited: Annual Financial Ratios
Table 93: Ashok Leyland Limited: Key Employees
Table 94: Kamaz: key facts
Table 95: Kamaz: Annual Financial Ratios
Table 96: Kamaz: Key Employees
Table 97: GAZ: key facts
Table 98: GAZ: Annual Financial Ratios
Table 99: GAZ: Key Employees
Table 100: Sinotruk (Hong Kong) Ltd: key facts
Table 101: Sinotruk (Hong Kong) Ltd: Annual Financial Ratios
Table 102: Sinotruk (Hong Kong) Ltd: Key Employees
Table 103: Dongfeng Motor Group Co Ltd: key facts
Table 104: Dongfeng Motor Group Co Ltd: Annual Financial Ratios
Table 105: Dongfeng Motor Group Co Ltd: Key Employees
List of Figures
Figure 1: NAFTA countries medium & heavy trucks industry, revenue ($bn), 2019-28
Figure 2: NAFTA countries medium & heavy trucks industry, revenue ($bn), 2019-23
Figure 3: NAFTA countries medium & heavy trucks industry forecast, revenue ($bn), 2023-28
Figure 4: Canada medium & heavy trucks market value: $ billion, 2018-23
Figure 5: Canada medium & heavy trucks market volume: thousand units, 2018–23
Figure 6: Canada medium & heavy trucks market category segmentation: thousand units, 2018-2023
Figure 7: Canada medium & heavy trucks market geography segmentation: % share, by value, 2023
Figure 8: Canada medium & heavy trucks market value forecast: $ billion, 2023–28
Figure 9: Canada medium & heavy trucks market volume forecast: thousand units, 2023–28
Figure 10: Forces driving competition in the medium & heavy trucks market in Canada, 2023
Figure 11: Drivers of buyer power in the medium & heavy trucks market in Canada, 2023
Figure 12: Drivers of supplier power in the medium & heavy trucks market in Canada, 2023
Figure 13: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in Canada, 2023
Figure 14: Factors influencing the threat of substitutes in the medium & heavy trucks market in Canada, 2023
Figure 15: Drivers of degree of rivalry in the medium & heavy trucks market in Canada, 2023
Figure 16: Mexico medium & heavy trucks market value: $ billion, 2018-23
Figure 17: Mexico medium & heavy trucks market volume: thousand units, 2018–23
Figure 18: Mexico medium & heavy trucks market category segmentation: thousand units, 2018-2023
Figure 19: Mexico medium & heavy trucks market geography segmentation: % share, by value, 2023
Figure 20: Mexico medium & heavy trucks market value forecast: $ billion, 2023–28
Figure 21: Mexico medium & heavy trucks market volume forecast: thousand units, 2023–28
Figure 22: Forces driving competition in the medium & heavy trucks market in Mexico, 2023
Figure 23: Drivers of buyer power in the medium & heavy trucks market in Mexico, 2023
Figure 24: Drivers of supplier power in the medium & heavy trucks market in Mexico, 2023
Figure 25: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in Mexico, 2023
Figure 26: Factors influencing the threat of substitutes in the medium & heavy trucks market in Mexico, 2023
Figure 27: Drivers of degree of rivalry in the medium & heavy trucks market in Mexico, 2023
Figure 28: United States medium & heavy trucks market value: $ billion, 2018-23
Figure 29: United States medium & heavy trucks market volume: thousand units, 2018–23
Figure 30: United States medium & heavy trucks market category segmentation: thousand units, 2018-2023
Figure 31: United States medium & heavy trucks market geography segmentation: % share, by value, 2023
Figure 32: United States medium & heavy trucks market value forecast: $ billion, 2023–28
Figure 33: United States medium & heavy trucks market volume forecast: thousand units, 2023–28
Figure 34: Forces driving competition in the medium & heavy trucks market in the United States, 2023
Figure 35: Drivers of buyer power in the medium & heavy trucks market in the United States, 2023
Figure 36: Drivers of supplier power in the medium & heavy trucks market in the United States, 2023
Figure 37: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in the United States, 2023
Figure 38: Factors influencing the threat of substitutes in the medium & heavy trucks market in the United States, 2023
Figure 39: Drivers of degree of rivalry in the medium & heavy trucks market in the United States, 2023
