Heavy Duty Truck Manufacturing - Market Size, Financial Statistics, Industry Trends

Heavy Duty Truck Manufacturing Market Size

This report includes historical and forecasted market sizes and industry trends for Heavy Duty Truck Manufacturing. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Heavy Duty Truck Manufacturing industry.

Historical Forecasted
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Market Size (Total Revenue)

Included in Report

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data

Industry Revenue ($ Billions)

Heavy Duty Truck Manufacturing Industry Market Size
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • 2024

Industry Forecast ($ Billions)

Heavy Duty Truck Manufacturing Industry Forecast
  • 2024
  • 2025
  • 2026
  • 2027
  • 2028
  • 2029
  • 2030


Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Heavy Duty Truck Manufacturing industry.

Geographic Breakdown by U.S. State

Heavy Duty Truck Manufacturing market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Heavy Duty Truck Manufacturing companies in the United States.

Industry Revenue by State [Sample]

Market Size by State

Distribution by Company Size

Company Size All Industries Heavy Duty Truck Manufacturing
Small Business (< 5 Employees)

Included

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" Heavy Duty Truck Manufacturing company (both public and private companies are included).

Industry Average Percent of Sales
Total Revenue

Included

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Included

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Heavy Duty Truck Manufacturing industry accounting for the largest revenue sources.

Product Description Description Revenue
($ Millions)

Heavy duty truck manufacturing

Included

Trucks/tractors/bus chassis (chassis own mfg.), 14,001-33k lb

Trucks/tractors/bus chassis (chassis own mfg.), 33,001 lb/more

Buses (chassis own mfg.), incl. military/firefighting vehicles

Buses (chassis own mfg.), incl. military (exc. trolley)

Buses (chassis of own manufacture), firefighting vehicles

Buses (chassis own mfg.), incl. military/firefighting veh., nsk

Heavy duty truck manufacturing, nsk, total

Heavy duty truck mfg, nsk, nonadministrative-records

Heavy duty truck mfg, nsk, administrative-records


Compensation and Salary Surveys

Salary information for employees working in the Heavy Duty Truck Manufacturing industry.

TitlePercent of Workforce Bottom Quartile Average (Median) Salary Upper Quartile
Management Occupations 3%

Included

Chief Executives 0%
General and Operations Managers 0%
Architecture and Engineering Occupations 6%
Installation, Maintenance, and Repair Occupations 5%
Production Occupations 76%
Assemblers and Fabricators 60%
Miscellaneous Assemblers and Fabricators 60%
Assemblers and Fabricators, All Other, Including Team Assemblers 60%
Metal Workers and Plastic Workers 7%

Government Contracts

The federal government spent an annual total of $267,267,061 on the Heavy Duty Truck Manufacturing industry. It has awarded 2,054 contracts to 76 companies, with an average value of $3,516,672 per company.

Top Companies in Heavy Duty Truck Manufacturing and Adjacent Industries

Company Address Revenue
($ Millions)

Included