Trucks are crucial to several different industries. Whether you’re in the building sector, logistics or construction, your business will undoubtedly make use of a wide variety of trucks. And even if you’ve used them before, you may not realise the diversity of trucks on today’s market. There’s much more than the cement mixer truck you commonly see and delivery trucks for day-to-day deliveries!
When considering which truck is best for your particular needs, it might be helpful to know several common truck stats in the local and global markets. Keep reading as we delve into some of the more significant statistics doing the rounds in the truck sector.
Key Trucks Stats
Essentially, the truck transport market is made up of truck transportation services that include over-the-road cargo transportation as well as local service providers. A few key global statistics worth considering in this area are mentioned below.
- 2021 saw an impressive commercial vehicle production growth to about 23.2 million units. This is a significant growth from the three million unit drop highlighted in 2020.
- According to the same report, Germany-based Daimler Truck showed an annual revenue of 39.76bn euros, making them the leading truck manufacturer globally for 2021.
- The general global automotive manufacturing market was worth an estimated 2.86 trillion U.S. dollars in 2021. Experts expect this figure to grow to at least 2.95 trillion by the end of 2022.
- Furthermore, the Global Newswire report shows that the global dump truck market is expected to increase from $44.28 billion in 2021 to a minimum of $48.71 billion in late 2022.
- The concrete mixer truck industry is expected to show a growth of 3% by 2027, putting the market at an expected $11.81 billion by 2030. This is largely due to the demand for rapid urbanisation.
- The average revenue generated in the United States for 2021 was $875.5 billion.
- Freight and logistics are expected to grow by 8% by 2027 in Singapore.
- The U.S. freighting industry had around 232,700 staff employed in 2020.
- Between 2018-2020, Singapore employed about 86,300 people in the logistics sector.
- There are 8,500 transport companies in Singapore, whereas the U.S. reportedly has an estimated 570,179 long-distance freight trucking companies.
Top 10 Countries with the Most Trucks
A summary of 58 countries has shown the average vehicle sales to be 444,636. The highest of these was reported in the U.S. with an impressive 12,058,515 while the lowest was reported in Jordan at 7,296.
A concise breakdown of the top 10 countries with the most trucks is shown below.
|Ranking||Countries||Commercial Vehicles Sales as @2021|
While Singapore might not have made it to the top 10 list, it’s worth noting that they showed a 2,21% increase, reporting a total of 45,442 units sold compared to 2020. It’s also interesting to mention that China was the market leader in 2019.
Top 10 Countries with the Most Truck Production
When it comes to the most truck production, this is how the global competitors stacked up for 2019.
|Ranking||Countries||Top Countries in Trucks Production|
Top Truck Manufacturing Companies in The World
While there are hundreds of different truck brands in the industry, there are some that stand out above the rest.
- Mitusbishi Fuso
- Ashok Leyland
- Eicher Motors
- Asia Motor Works
- Hindustan Motors
- Force Motors
- Bharat Benz
- Swaraj Mazda
What Industry Uses The Most Trucks?
If you’ve ever wondered which industries use the most trucks, the answers may surprise you! Keep reading to see why.
In the U.S
Based on a 2022 report, here are the top uses for trucks in the U.S.
- Laundry transport services
- Chemical transports
- Storage services & furniture movers
- Transport for air freight businesses
- Appliance delivery
According to the Glassdoor report, a few of the top uses for trucks in Singapore include:
- Courier services (such as DHL)
- Shipping (such as Amazon)
- Marine transportation (imported and exported goods transported to and from the various harbors)
Truck Accident Statistics
A report discussing the various truck stats that make up the industry data wouldn’t be complete without a look at truck accident statistics. As unfortunate as they are, truck accidents are a reality no matter where you live. Some key statistics to review in this regard are listed below.
In the U.S
A recent report from House Grail in the U.S. averages the number of truck-related fatalities in 2021 – 2022 to be about 4,000. Additionally, there are also an estimated 130,000 minor injuries involving accidents with all types of trucks.
2018 saw 31 injuries involving accidents with or in trucks, lorries, tipper trucks and trailers in Singapore. This decreased by one in 2019. While there isn’t a clear number of accidents reported for the period 2020 – 2022, the report does highlight that 73% of heavy vehicle drivers admit to speeding when the traffic is light.
Truck Driver Statistics
Some common truck driver statistics from the U.S and Singapore are highlighted below.
In the U.S
- On average there are about 862,700 heavy and tractor-trailer truck drivers in the U.S.
- For the most part, the estimated wage cost per mile of freighting truck drivers in the U.S. is US$0.57
- Driver benefits rack up to an estimated cost of US$6.94 per hour
- According to U.S. law, truck drivers work according to a 60/70 hour limit for 7/8 consecutive days
Significant driver statics from Singapore include the following:
- The average salary for a truck driver in Singapore varies between SGD 2,297 and SGD 3,066 per month
- Depending on the area, and job function, a driver can earn an additional SGD 770 per month.
If you’re looking to get into the trucking industry, it’s well worth familiarising yourself with a few of the general statistics. Understanding those that define the trends in the trucking industry might be the deciding factor in your purchasing decision. We trust that our article has highlighted the most significant industry-related stats that you might find functional and informative!