NTEA released the 25th edition of Annual Manufacturers’ Shipments Survey (AMSS) Report, which enables the commercial vehicle industry to estimate market size by dollars and units for 50 product lines. NTEA collects and evaluates aggregate results based on data submitted from 79 companies. The resulting report offers directional guidance to help industry manufacturers and distributors assess business performance.
Featuring 2023 data, the latest AMSS report indicates the 2023 value of shipments increased 9.7% as compared to 2022. Shipments rose 8.9% in 2022. Consistent with historic results is significant variation in product line growth rates. In unit terms, many product lines registered declines relative to 2022. In total, though, units were nearly level with 2022, which is reflective of chassis sales data from NTEA’s Monthly OEM Statistics Program.
“AMSS report data is useful to participating companies as a benchmark for annual percent change,” said Steve Latin-Kasper, NTEA senior director of market data and research. “The report provides insight into a broad swath of the commercial truck and truck equipment industry that will be of value in market planning.”
This resource can help
- Evaluate approximate market size
- Assess changes in market growth (in terms of units/dollars)
- Provide insights in determining your company’s market share
There are a number of ways to estimate the size of the commercial truck and truck equipment industry. However, dollar measurement is required in order to compare the industry’s contribution to the larger manufacturing and wholesale trade economic sectors. NTEA publishes AMSS data in unit and dollar terms and provides indexes, enabling accurate annual percent change calculation for each market segment. Companies are encouraged to use report findings to support annual business planning processes.
Survey participants receive a complimentary AMSS report as well as a data tool containing results in an Excel spreadsheet for easier manipulation. The report is available for purchase ($299 NTEA members, $599 nonmembers) at ntea.com/amss. If interested in participating in the next AMSS survey, email info@ntea.com.
Visit ntea.com/amss for more information and to order the newest AMSS Report.