Commercial Vehicles - Finland

  • Finland
  • In Finland, the Commercial Vehicles market is expected to witness an impressive growth in the coming years.
  • By 2024, the projected unit sales are estimated to reach 14.74k vehicles.
  • This indicates a positive trend in the market, with a compound annual rate of -0.74% (CAGR 2024-2030).
  • By 2030, the market volume is projected to reach 14.10k vehicles, showcasing the potential for further expansion.
  • Furthermore, the production of Commercial Vehicles market in Finland is anticipated to reach 2,756.00vehicles by 2030.
  • This growth in production highlights the potential for the market to flourish and meet the increasing demand for Commercial Vehicles market.
  • From an international perspective, it is noteworthy that the in the United States is expected to dominate the Commercial Vehicles market in 2024, with unit sales reaching an impressive 13,750.00k vehicles.
  • This indicates the significant role that the in the United States plays in this market.
  • Finland's commercial vehicle market is experiencing a shift towards electric and hybrid vehicles, driven by government incentives and a growing focus on sustainability.
 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Commercial Vehicles market in Finland has been experiencing steady growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Finland have been shifting towards more environmentally friendly and fuel-efficient vehicles.

This has led to an increased demand for electric and hybrid commercial vehicles in the market. Customers are also placing a strong emphasis on safety features and advanced technology in their vehicles, which has influenced the development of new models and the integration of innovative features in commercial vehicles. In terms of market trends, Finland has been witnessing a rise in e-commerce and last-mile delivery services.

This has created a higher demand for smaller commercial vehicles that are suitable for urban environments and can efficiently navigate through congested areas. Additionally, there has been an increasing focus on the use of commercial vehicles for public transportation, particularly in cities, which has led to the introduction of electric buses and other eco-friendly options. Local special circumstances in Finland, such as the country's harsh climate and vast rural areas, have also played a role in shaping the Commercial Vehicles market.

Finnish customers require vehicles that can withstand extreme weather conditions and are capable of traversing difficult terrains. This has led to the development of commercial vehicles with enhanced durability, all-wheel drive capabilities, and advanced heating systems. Underlying macroeconomic factors have also contributed to the growth of the Commercial Vehicles market in Finland.

The country has a strong economy with a high level of industrial activity, which has increased the demand for commercial vehicles for various purposes such as transportation of goods and services. Additionally, government initiatives and incentives to promote the adoption of electric and hybrid vehicles have further boosted the market. In conclusion, the Commercial Vehicles market in Finland is developing in response to customer preferences for environmentally friendly and technologically advanced vehicles, market trends such as e-commerce and last-mile delivery services, local special circumstances including the country's climate and rural areas, and underlying macroeconomic factors such as a strong economy and government initiatives.

These factors have collectively contributed to the growth and evolution of the Commercial Vehicles market in Finland.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on unit sales and production of commercial vehicles.

Modeling approach:

Market sizes are determined through a combined Top-Down and bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as consumer spending per capita on transportation and consumer price index for purchase of vehicles. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, linear regression, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Overview

  • Unit Sales
  • Production
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)