any thoughts?
(edited)
Truck market in US
Hey there,
Are you talking about revenue or demand for trucks in the US?
Assuming Demand, we can estimate it in the following way:
Our Goal: #trucks sold / year
- #trucks = (trucks/person) * (total amount of people)
- = 1 truck per 100 person (assumption) * 300M people
- = 3M truck in total
- Life-span of trucks are approximately 10 years
- #truck / lifespan
- = 3M/10y = 300K/y (this is your answer if you believe the market is steady)
- If you want to integrate a trend:
- say we have a positive trend in sales because oil prices are dropping globally.
- Approximately 5% per year, so 5% of the total amount will increase
- = 300K*5% = 15K
- Answer of 300K + 15K = 315K
- The answer would be: In average 315K trucks will be sold per year in the US.
If you are talking about revenue, assuming the retail price of a truck is about 30K. So revenue generated per year would be $9.45M.
Cheers,
D
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9 Comment(s)Market Sizing
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