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Research Outline
Prepared for francis w. | Delivered February 12, 2020
Commercial Truck Fuel Market Size
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Goals
To provide the market size for commercial truck fueling broken down by fuel type (diesel, gasoline, electric) and vehicle class. This data should be relevant to 2018-2019 and show projected growth through 2025-2030.
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Early Findings
Annual Fuel Used by Commercial Trucks (in GGE
-
Gasoline Gallon Equivalent)
Class 8 Truck: About
10,800
GGEs.
Refuse Truck: About
9,900
GGEs.
Para Shuttle: About
2,900
GGEs.
Delivery Truck: About
1,800
GGEs.
Light Truck: About
700
GGEs.
Number of Trucks on the Road
In the United States, there are "
36 million
trucks registered and used for business purposes (excluding government and farm) in 2017, representing
24
% of all trucks registered." Of these,
3.68 million
are Class 8 trucks.
In the United States, the trucking industry is valued at around
$700 billion.
Fuel Consumption Among Commercial Trucks
Fuel expenses account for
24
% of operating costs in the trucking industry.
As a whole, the trucking industry in the United States used
54 billion
gallons of fuel around 2016, and
39 billion gallons
of this was diesel.
78
% of trucking industry survey respondents said they would never use gasoline, while
71
% said they would never use dimethyl ether or hydrogen fuel cells and
65
% said they would never consider using an electric truck.
About
4.4
% of fleet managers report using hybrid electric trucks.
Results of Early Findings
We were unable to locate any
p
r
e
-
c
o
m
p
i
l
e
d
, publicly available information which shows the market size for commercial truck fueling broken down by fuel type (diesel, gasoline, electric) and vehicle class.
Despite this lack of data, there does appear to be a wealth of existing data related to this topic which could likely be used to triangulate an estimated market size. However, additional research/digging would need to be done in order to attempt this.
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