NTEA releases 24th edition Annual Manufacturers’ Shipments Survey Report
FOR IMMEDIATE RELEASE
Senior Director of Communications & Public Relations
FARMINGTON HILLS, Mich. (Sept. 13, 2023) — NTEA – The Work Truck Association™ released the 24th edition of Annual Manufacturers’ Shipments Survey (AMSS) Report, which enables the commercial vehicle industry to estimate market size by dollars and units for 54 product lines. NTEA collects and evaluates aggregate results based on data submitted from 84 participating companies. The resulting report offers directional guidance to help industry manufacturers and distributors assess business performance.
Featuring 2022 data, the latest AMSS report indicates the 2022 value of shipments increased 8.9% as compared to 2021. Shipments rose 16.2% in 2021. Consistent with historic results is significant variation in product line growth rates. In unit terms, many product lines registered declines relative to 2021, and some remained down from 2017. In total, though, units were nearly level with 2017. This is reflective of data chassis sales data from NTEA’s Monthly OEM Statistics Program.
“AMSS report data offers commercial vehicle industry companies key insights to support their strategic business planning efforts,” said Steve Latin-Kasper, NTEA senior director of market data and research. “It’s an important resource that can help empower businesses to make informed decisions.”
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. Learn more and purchase ($299 NTEA members, $599 nonmembers) at ntea.com/amss. If interested in participating in the next AMSS survey, email email@example.com.
Established in 1964, NTEA – The Work Truck Association™, a 501(c)(6) organization, represents more than 2,100 companies that manufacture, distribute, install, sell and repair commercial vehicles, truck bodies, truck equipment, trailers and accessories. Buyers of work trucks and the major commercial truck chassis manufacturers also belong to NTEA. The Association provides in-depth technical information, education, and member programs and services, and produces Work Truck Week, Green Truck Summit, Commercial Vehicle Upfitting Summit and Executive Leadership Summit. The Association maintains its administrative headquarters in suburban Detroit and government relations offices in Washington, DC, and Ottawa, Ontario, Canada. Learn more at ntea.com.
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