A new report called the “Vocational & Work Truck/Body Manufacturing in North America 2021” from ResearchAndMarkets.com is now available, analyzing the $8.4 billion vocational/work truck industry in Canada and the United States of America.
Along with quantifying the market size and market share, it does so by chassis class, from light-duty (up to Class 3), medium- and heavy-duty (Class 4-6, Class 7), and heavy-duty (Class 8), and also does so by individual body type.
The report identifies over 400 body fabricators, and provides estimates of total and segment sales, employee numbers, manufacturing facility locations, ownership and competitive shares.
It also includes historical estimates and trends in market size (shipments) and growth rates, recent developments in mergers and acquisitions, facility expansions, new product launches and electric propulsion, as well as five-year forecasts by segment.
Responses to the pandemic such as 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.
The outlook for 2021 is perceived to be cautiously optimistic, with expected easing of supply chain constraints and infrastructure investment expected to boost demand.
For more information about this report visit www.researchandmarkets.com