The U.S. Class 8 market is dominated by Freightliner. The truck brand recorded year-to-date growth of about 0.2 percent and held a market share of about 36.5 percent in December 2019. This means that more than one in three Class 8 trucks in the United States is a Freightliner-badged vehicle.
Truck demand indicative of economic trend
In 2018 and 2019, medium and heavy-duty truck sales were driven by growth rates in the U.S. freight trucking industry. Not only did trucking companies experience a shortage of drivers, but they also felt the need to expand their capacities. In total, customers in the United States bought 276,348 heavy-duty trucks in 2019, up from 250,545 heavy-duty trucks between January and December 2018. Daimler is Freightliner’s parent company and sells trucks under its Freightliner and Western Star brands; however, Daimler recorded a slight downward trend across medium-heavy truck sales between January and November 2019. Heavyweights in the market Class 8 trucks fall into the heavy-duty segment of the U.S. truck market and are categorized by the U.S. Federal Highway Administration as vehicles with a gross vehicle weight rating in excess of 33,000 pounds.