Commercial Truck Fuel Market Size
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.
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 pre-compiled, 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.
Proposed next steps:
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