Spotlight 

Join NTEA 2 

NTEA News May 2016 issue

2016 FPO right rail

WTS17 Reg Info

Meet NTEA video

About the Industry

What exactly are commercial vehicles and what does the work truck industry represent? Here is a quick primer. Unlike mass-produced assembly-line passenger cars and trucks, commercial vehicles are primarily designed and produced individually, on a custom-order basis. Their diverse applications, limited volume and nearly limitless body and equipment variations dictate this method of production. 

Typically, commercial trucks are built in a multi-stage process involving three distinct yet interrelated industry segments. To ensure product compatibility, a close-working relationship is necessary between the truck chassis manufacturers and their dealers; truck body, equipment and trailer manufacturers; and truck body, equipment and trailer distributors. 

This is especially important if a truck will be used to do any of the following:

  • Bring maintenance/repair services to homes, industry and business
  • Transport people
  • Fight fires
  • Provide emergency medical/rescue service
  • Transfer disabled vehicles
  • Install/repair telephone, electrical and other utility equipment and services
  • Collect trash for disposal and recycling
  • Construct/maintain roads, homes and buildings
  • Control snow and ice
  • Operate farms 

A multi-billion dollar industry

The size of the U.S. work truck industry was $121.8 billion in 2014. This data — including the shipments value of all commercial truck chassis, truck bodies, trailers, buses, firefighting and other rescue vehicles, and truck equipment — is compiled from the U.S. Bureau of the Census and NTEA sources.

2014 Industry Profile

 

The $121.8 billion value of shipments estimated for 2014 is a small percentage of the total transportation industry, which also includes shipping, railroad and aerospace. The truck equipment segment (excluding chassis, trailers and axles from the chart above) represents approximately $27.3 billion of the total commercial vehicle industry.

If you would like to gain access to information available to members, join the NTEA today!