Home Market Insights Knowledge Center What is the current size and growth rate of the trailer market?

What is the current size and growth rate of the trailer market?

From its 2006 peak, it took 12 years and 22% GDP growth before the dry van population reached a new high in 2018.

During the past decade, robust trailer shipments triggered a strong upward surge in the US trailer population, which generated a corresponding drop in the average age of that fleet. We note that a young fleet allows truckers more leeway in their equipment-buying decisions.
The forecast anticipated fleet growth would resume, after a modest contraction in 2020.
From its 2006 peak, it took 12 years and 22% GDP growth before the dry van population reached a new high in 2018.