Global Large and Semi Truck Market is 4 Million Per Year

The Global Large and Semi truck market is 4 million trucks per year. From 2016 to 2020, China’s heavy truck sales surged from 728,000 units to 1,617,000 units, hitting new records for the consecutive four years. In 2021, a combination of factors such as sluggish freight market and demand overdraft led to an annualized 14.1%…
Global Large and Semi Truck Market is 4 Million Per Year


The Global Large and Semi truck market is 4 million trucks per year.

From 2016 to 2020, China’s heavy truck sales surged from 728,000 units to 1,617,000 units, hitting new records for the consecutive four years. In 2021, a combination of factors such as sluggish freight market and demand overdraft led to an annualized 14.1% slump in the heavy truck sales to 1.39 million units, a figure projected to be around 1.2 million in 2022. It is conceivable that China’s heavy truck ownership will reach 11.7 million units in 2025.

China has about half of the world’s large trucks. China became the factory to the world so it has to make and move the heavy items. The rest of Asia is 30% of the world’s large trucks. Japan is the second largest market and India is the third.

The US had about 280,000 class 8 truck sales and Europe had about 350,000. Japan alone is about the sie of the US and Europe in large truck sales. India is about equal to the USA.

I have provided data Tesla Semi truck is a vastly cheaper and more efficient truck to operate than diesel semi and large trucks. This is because the electricity at wholesale prices of 7 to 10 cents per kWh means energy costs are $14000-17000 per year versus $50000 to 90000 per year for heavily used diesel trucks.

I have argued this means a massive shift to Tesla electric semi trucks. This will initially be for aboug 40% of the total addressable market. Tesla will need to complete the buildout of a lot of megapack charging stations, make different cab versions and increase the range for a 800+ mile range truck for markets beyond the current 530 mile range Semi.

Trucks: Defined by Gross Vehicle Weight (GVW)


1) Mini Trucks: GVW is 1.8 tons or less.


2) Light Trucks: GVW is from over 1.8 tons to not over 6 tons.


3) Medium Trucks: GVW is from over 6 tons to not over 14 tons.


4) Heavy Trucks: GVW is over 14 tons.

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Europe NCAP Tests Prove Tesla Model Y is the Safest Car $TSLA
Read More

Europe NCAP Tests Prove Tesla Model Y is the Safest Car $TSLA

Euro NCAP has tested the Tesla Model Y as its safest car. They created the five-star safety rating system to help consumers, their families and businesses compare vehicles more easily and to help them identify the safest choice for their needs. The Euro NCAP tests matches other third party safety information and testing that Nextbigfuture…
SpaceX Starlink Enables Mobile Roaming and Truckers and RVers are Successfully Experimenting
Read More

SpaceX Starlink Enables Mobile Roaming and Truckers and RVers are Successfully Experimenting

SpaceX Starlink for RV use is available as of March, 2022 and taking Internet connectivity to the fastest speeds we ever for who work from the road. The RV and trucker experiments enable Starlink connectivity while driving. This enables connection anywhere you travel and even while moving. UPDATE- Starlink mobility has been formalized by SpaceX…
United Visual Artists at Printworks London
Read More

United Visual Artists at Printworks London

Matt Clark takes us inside the collective’s new installation, commissioned to mark the reopening of the iconic London venue. Since United Visual Artists was founded in 2003 by British artist Matt Clark, the London-based collective has created large-scale, site-specific installations for institutions such as the Barbican, Manchester International Festival and 180 The Strand. UVA’s methodology,…
Boeing Starliner Delaying into 2022 or 2023
Read More

Boeing Starliner Delaying into 2022 or 2023

Boeing’s program manager for commercial crew, John Vollmer, says Boeing is now targeting the first half of 2022 for the uncrewed test flight of Starliner. A crewed flight would occur in 2023 IF the uncrewed test flight is successful. SpaceX successfully completed its demonstration crewed mission in 2020. the third certified SpaceX Dragon mission Crew-3…