FOR IMMEDIATE RELEASE
Media Contact:
Summer Marrs
Director of Communications & Public Relations
248-479-8913
summer@ntea.com
FARMINGTON HILLS, Michigan (Aug. 27, 2020) — NTEA’s newly released Annual Manufacturers’ Shipments Survey (AMSS) Report (21st edition) reports truck equipment industry shipments increased 6.7% in 2019 — a deceleration from the 15.9% increase in 2018. This publication, featuring 2019 data, enables the industry to estimate market size by dollars and units for 77 product lines. NTEA collects and evaluates aggregate results based on data submitted from 87 participating companies. The commercial vehicle community can lean on directional guidance from this report to help assess business performance.
“AMSS offers a valuable source of market size data in terms of dollars and units, in addition to annual growth,” said Steve Latin-Kasper, NTEA senior director of market data and research. “We’re happy to present the work truck industry with a powerful tool that helps companies effectively gauge market size and build robust strategic plans.”
This resource can help
- Evaluate approximate market size
- Assess changes in market growth (in terms of units/dollars)
- Provide insights in determining your company’s market share
Following the pattern of previous studies, product line growth rates varied significantly. For 2019, data suggests some were down, while others made gains much more quickly than the industry overall. Annual percent change can be accurately calculated for each market segment as NTEA publishes AMSS data in unit and dollar terms and provides indexes. Industry companies are encouraged to use report findings to support annual business planning processes.
Companies that participated in the survey receive a complimentary report as well as an AMSS Data Tool containing results in an Excel spreadsheet for easier manipulation. Learn more and purchase ($299 NTEA members, $599 nonmembers) at ntea.com/amss. If interested in participating in the next AMSS survey, email info@ntea.com.
ABOUT NTEA
Established in 1964, NTEA – The Association for the Work Truck Industry represents more than 2,200 companies that manufacture, distribute, install, sell and repair commercial trucks, truck bodies, truck equipment, trailers and accessories. Buyers of work trucks and the major commercial truck chassis manufacturers also belong to the Association. NTEA provides in-depth technical information, education, and member programs and services, and produces The Work Truck Show®. The Association maintains its administrative headquarters in suburban Detroit and government relations offices in Washington, DC, and Ottawa, Ontario. NTEA staff are knowledgeable and experienced in a variety of areas related to the work truck industry. Visit ntea.com/meetourexperts to learn more or request an interview.
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