North America Truck Market Size, Share & Market Forecast 2025

1. 2015 – 2025 NORTH AMERICA TRUCK MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Truck North America truck market is forecast to witness a CAGR of around 14% until 2025 on account of anticipated growth in construction, mining and logistic activities across the region. Apart from increase in construction activities to develop and strengthen infrastructure, trucks are being increasingly used in carrying the extracted materials such as coal, metal, etc., from mining sites with mostly heavy trucks such as ones of class 8, being used for the purpose of transportation of goods. Market Segmentation NORTH AMERICA TRUCK MARKET NORTH AMERICA TRUCK MARKET Year Range CLASS APPLICATION Review Period Class 4 • Logistics • Class 5 • 2015 – 2018 Construction • Class 6 • Mining • Base Year Class 7 • Class 8 • 2019 FUEL TYPE Estimated Year Diesel 2020 • CNG • Forecast Period Others • 2021 – 2025 2

3. Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 5. North America Truck Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.1.2 By Volume 5.2. Market Share & Forecast 5.2.1. By Class (Class 4, Class 5, Class 6, Class 7, Class 8) 5.2.2. By Fuel Type (Diesel, CNG, Others) 5.2.3. By Application (Logistic, Construction, Mining ) 5.2.4. By Country 5.2.5. By Company 5.3. Market Attractiveness Index 6. United States Truck Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.1.2. By Volume 6.2. Market Share & Forecast 6.2.1. By Class (Class 4, Class 5, Class 6, Class 7, Class 8) 6.2.2. By Fuel Type (Diesel, CNG, Others) 6.2.3. By Application (Logistic, Construction, Mining ) 7. Mexico Truck Market Outlook 7.1. Market Size & Forecast 3

4. Table of Contents S. No. Contents 7.1.1. By Value 7.1.2 By Volume 7.2. Market Share & Forecast 7.2.1. By Class (Class 4, Class 5, Class 6, Class 7, Class 8) 7.2.2. By Fuel Type (Diesel, CNG, Others) 7.2.3. By Application (Logistic, Construction, Mining ) 8. Canada Truck Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.1.2. By Volume 8.2. Market Share & Forecast 8.2.1. By Class By Class (3.5 tons to 7.5 tons, 7.5 tons to 16 tons, 16 tons to 30 tons, above 30 tons) 8.2.2. By Fuel Type (Diesel, Petrol/Gasoline and CNG) 8.2.3. By Application (Logistic, Construction, Mining ) 9. Market Dynamics 9.1. 9.2. Market Trends & Developments Impact of COVID-19 on North America Truck Market Competitive Landscape Drivers Challenges 10. 11. 12. 12.1. Freightliner Trucks 12.2. Kenworth Trucks, Inc. 12.3. Navistar International Corporation (International Trucks) 12.4. Paccar Inc. 12.5. Isuzu Motors Ltd. 12.6. Hino Motors Ltd. 4

5. Table of Contents S. No. Contents 12.7 AB Volvo 12.8 Ford Motor Company Strategic Recommendations About Us & Disclaimer 13. 14. 5

6. RESEARCH METHODOLOGY

7. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the North America truck market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the North America truck market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 7

8. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the North America truck market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as anticipated growth in construction, mining and logistic activities across the region. The The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the North America truck market. Methodology Followed for Calculation of Market Size: Market Size By Value & Volume: Market size, in terms of value & volume, for the year 2019 was calculated based on information collected • through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as truck manufacturer & supplier companies, channel partners, market influencers & end users, industry experts, and other industry participants. The team interviewed more than 13 – 20 truck companies, 45 – 50 channel partners, 80 – 100 end users, and 13 – 20 industry experts and other • value chain stakeholders in the North America truck market to obtain the overall market size for 2015-2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019. 8

9. Research Methodology Respondents were asked about the current and future market growth rates, market shares by class type, by fuel type, by application, by each • country. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by class type, by fuel type, by application, by country and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of North America truck market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To North America truck • market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 9

10. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources ▪ Navistar International Corporation ▪ World Bank ▪ Freightliner Trucks ▪ TechSci Research Proprietary Database & Knowledge ▪ Kenworth Trucks, Inc. Repository ▪ Paccar Inc. ▪ Company Annual Reports ▪ Isuzu Motors Ltd. ▪ Industry Magazines ▪ Hino Motors Ltd. ▪ Industry Reports ▪ AB Volvo ▪ News Dailies ▪ Ford Motor Company ▪ Credible Paid Databases 10

11. Industry Brief According to TechSci Research report, “North America Truck Market By Class Type, By Fuel Type, By Application Type, By Country, Competition, Forecast & Opportunities, 2025”, North America truck market is anticipated to register a CAGR of 14% during 2020 – 2025 on account of anticipated growth in the logistics sector as all the automobiles which are being transported are carried by heavy trucks coupled with growing construction activities and construction equipment market. Apart from these, trucks are being used at mining sites to carry materials that are being extracted from mining, such as coal, metals, etc. Different classes of trucks are used for diverse working sites, with class 8 trucks being used to carry heavy loads and consequently used majorly in carrying of automobiles. North America truck market can be further segmented into class type (class 4, class 5, class 6, class 7, class 8). Class 8 trucks account for the largest market share in all the class type segments, as it is equipped with heavy engines which are designed to perform most of the heavy work like transportation of vehicles. The market can be further segmented into fuel type. In terms of fuel type, the market can be segmented into diesel, CNG and others. Diesel category accounted for the largest market share in 2019 and is expected to maintain its leading market position during the forecast period because diesel engines are comparatively more powerful engines that are designed to perform in the tough and heavy conditions. The market is also segmented into application type, which is further categorized into (Logistics, Construction, Mining). In application types, the logistics sector grabbed the largest share in North America truck market in 2019. “Freightliner, International, Kenworth, Ford and Volvo are the major players operating in North America truck market, On account of increasing logistics, construction and mining activities, use of trucks is going to increase further across North America in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. 11

12. Sample Data - Snapshot North America Truck Market Size, By Value (USD Million) & Volume (Million Units), 2015-2025F 20.00 19.00 18.00 17.00 16.00 15.00 15.00 14.00 14.00 13.00 13.00 12.00 12.00 11.00 11.00 10.00 10.00 9.00 8.00 7.00 6.00 5.00 CAGR By Value & Volume XX% CAGR By Value & Volume YY% 2015 2019 2020E 2025F By Value (USD Million) By Volume ( Million units) North America Truck Market Share, By Class Type, By Volume, 2015-2025F Class 4 Class 5 Class 6 Class 7 Class 8 20% 20% 20% 20% 20% 2025F 20% 20% 20% 20% 20% 2024F 20% 20% 20% 20% 20% 2023F 20% 20% 20% 20% 20% 2022F 20% 20% 20% 20% 20% 2021F 20% 20% 20% 20% 20% 2020E 20% 20% 20% 20% 20% 2019 20% 20% 20% 20% 20% 2018 20% 20% 20% 20% 20% 2017 20% 20% 20% 20% 20% 2016 20% 20% 20% 20% 20% 2015 North America Truck Market Share, By Class Type, By Volume, 2015-2025F Class 4 Class 5 Class 6 Class 7 Class 8 20% 20% 20% 20% 20% 2025F 20% 20% 20% 20% 20% 2024F 20% 20% 20% 20% 20% 2023F 20% 20% 20% 20% 20% 2022F 20% 20% 20% 20% 20% 2021F 20% 20% 20% 20% 20% 2020E 20% 20% 20% 20% 20% 2019 20% 20% 20% 20% 20% 2018 20% 20% 20% 20% 20% 2017 20% 20% 20% 20% 20% 2016 20% 20% 20% 20% 20% 2015 12

13. Report Ordering Report Name: NORTH AMERICA TRUCK MARKET FORECAST & OPPORTUNITIES 2015 – 2025 Report Price License Type Price Electronic Access - Single User License $3950 Electronic Access - Multi-User License $4950 Custom Research License $8950 To View Sample OR Purchase Report 13

14. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports United States Electric Commercial Vehicle Market By Propulsion Type (BEV, HEV, PHEV and FCEV), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 500 Miles & Above), By Component (Electric Motor, EV Battery and Hydrogen Fuel Cell), By Company and By Geography, Forecast & Opportunities, 2025 • Global Electric Passenger Car Market, By Propulsion Type (BEV, HEV, PHEV and FCEV), By Vehicle Type (Bus, Truck, Van and Pick-up Trucks), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 500 Miles & Above), By Component (Electric Motor, EV Battery and Hydrogen Fuel Cell), By Company and By Geography, Forecast & Opportunities, 2025 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.