Globe Newswire
Dublin, Feb. 04, 2022
Dublin, Feb. 04, 2022 (GLOBE NEWSWIRE) — The “Vocational & Work Truck/Body Manufacturing in North America 2021” report has been added to ResearchAndMarkets.com’s offering.
This project is a market assessment of the $8.4 billion vocational/work truck industry in the United States and Canada. It covers 18 truck/body segments, with a total of 46 sub/types.
The report quantifies 2020 market size and competitive shares in units and dollars. In addition to providing total market size, market size and shares are broken out by chassis class – light-duty (up to Class 3), medium- and heavy-duty (Class 4-6, Class 7), and heavy-duty (Class 8) – as well as by each individual body type.
Over 400 body fabricators have been identified, with estimates of total and segment sales, employee numbers, manufacturing facility locations, ownership and competitive shares.
Included are historical estimates and trends in market size (shipments) and growth rates, recent developments in M&A activity, facility expansions, new product launches and electric propulsion, as well as five-year forward forecasts by segment. Maps display geographic distribution of production.
COVID-induced shutdowns and supply-chain disruptions on production and shipments by truck/body fabricators had significant impact on the industry in 2020, with shipments declining over 2019 for all truck/body segments. However Covid19 impacts on demand varied across the different application/market segments. Municipal and Last Mile ecommerce applications fared better than towing, construction, mining, and oil drilling activities.
The 2021 outlook is cautiously optimistic, with expected easing of supply chain constraints and infrastructure investment expected to boost demand.
The report comprises of three parts. Part I: Industry Analysis and Part II: Analysis by Segment are in PowerPoint format, and the Appendix is an Excel file with data that reflects and expands upon the tables in the report.
This project is also available separately by chassis class – light-, medium-, and heavy-duty, and by each of the 18 individual truck/body segments.
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900