The trucking industry plays a significant role in global trade, ensuring that vehicles move from manufacturers to consumers and across state or international borders when people move. As the demand for new and used vehicles fluctuates, so does the growth of the vehicle transportation market.

Whether you’re curious about the industry’s revenue potential or how many players are involved, these key statistics provide a snapshot of the car transport landscape in 2024.

The vehicle transportation industry is expected to generate more than $10 billion in revenue in 2024.

The vehicle transport industry is about to generate over $10 billion in revenue in 2024. This demonstrates the scale of the industry and the demand for road transport domestically and internationally. With increasing consumer demand for vehicles, especially the rise of online car purchases, shipping companies continue to play a vital role in moving inventory.

The vehicle transportation industry is expected to decline by 4% in 2024.

Despite significant revenues, the industry is expected to decline by 4% in 2024. Factors such as fluctuating fuel prices, supply chain disruptions and broader economic challenges may contribute to this decline. While the overall market remains substantial, it faces headwinds that could hurt growth.

There are over 7,000 businesses in the vehicle shipping industry.

As of 2024, the vehicle transportation industry had over 7,800 businesses. This high number reflects the competitiveness of the industry, with companies ranging from small, independent carriers to large corporate logistics providers competing for market share.

Global car sales to reach over 75 million units in 2023.

According to Statistaglobal car sales reached 75 million units in 2023, reflecting robust consumer demand. With 77 million units expected to be sold worldwide in 2024, vehicle transport companies will continue to be essential in ensuring that cars reach dealers and buyers around the world.

15.5 million cars were sold in the US in 2023.

From global car sales, 15.5 million vehicles were sold in the US in 2023, including both cars (3.12 million) and light trucks (12.4 million). This breakdown shows that the US remains a key player in the global auto market, which in turn drives the demand for auto transport services to handle the domestic distribution and relocation of individual vehicles.