Trucks - Algeria | Statista Market Forecast

In Algeria, the Trucks market is anticipated to witness a significant increase in unit sales, with projections indicating a figure of 1.32k vehicles units by 2024.
Furthermore, a compound annual rate of 2.59% (CAGR 2024-2030) is expected, which would result in a market volume of 1.54k vehicles units by 2030.
This growth potential is further exemplified by the projected production of 0.00 units in 2030.
From a global perspective, it is worth noting that China is set to dominate the Trucks market, with an estimated sales figure of 3.74m vehicles units in 2024.
Algeria's truck market is experiencing a surge in demand due to the country's growing construction and logistics sectors.

Definition

The Trucks market encompasses a diverse array of vehicles primarily intended for the transportation of goods and materials on a larger scale. These robust and specialized vehicles are engineered for commercial purposes, playing a pivotal role in industries such as logistics, construction, and heavy-duty transportation. Trucks come in various configurations that cater to specific cargo and operational requirements, ranging from light-duty delivery trucks to heavy-duty long-haul trucks with a GVWR of 16 tons or more.

Additional Information

The Trucks market is a dynamic sector characterized by a wide range of vehicle types and applications. Manufacturers continually innovate to improve performance, efficiency, and safety. This market is heavily influenced by factors such as government regulations, emissions standards, and evolving industry needs, which drive advancements in areas like fuel efficiency and alternative propulsion technologies.

Key players in the Trucks market include globally renowned companies such as Daimler Trucks, Volvo Group, PACCAR Inc., and Scania. These manufacturers play a crucial role in shaping the industry by introducing new technologies, improving fuel efficiency, and ensuring compliance with evolving environmental regulations. This market is highly competitive, driving continuous innovation and advancements in truck design and functionality.

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Tanker trucks
Refrigerated trucks
Large delivery trucks
Freight trucks
Flatbed trucks
Construction trucks

Watercraft, aircraft, and railway vehicles
Medium and heavy buses and coaches
Motorcycles and scooters
Light commercial vehicles (LCVs)
Consumer and recreational vehicles
Passenger cars
Off-road and specialized vehicles

The Trucks market in Algeria has been experiencing significant growth in recent years. Customer preferences in the Algerian Trucks market have been shifting towards larger and more powerful vehicles.

This can be attributed to the increasing demand for trucks that can handle heavy loads and navigate challenging terrains. Additionally, customers are placing a greater emphasis on fuel efficiency and environmental sustainability, leading to a rise in the adoption of trucks with advanced engine technologies. One of the key trends in the Algerian Trucks market is the growing popularity of electric and hybrid trucks.

As the government and consumers become more conscious of the environmental impact of vehicles, there has been a push towards greener alternatives. Electric and hybrid trucks offer lower emissions and reduced fuel consumption, making them an attractive choice for many customers. This trend is expected to continue as the technology improves and becomes more affordable.

Another trend in the Algerian Trucks market is the increasing demand for trucks with advanced safety features. Customers are prioritizing safety and are willing to invest in trucks that come equipped with features such as collision avoidance systems, lane departure warning, and adaptive cruise control. This trend is driven by a growing awareness of the importance of road safety and an increasing focus on preventing accidents.

Local special circumstances in Algeria also play a role in shaping the Trucks market. The country has a vast and diverse landscape, with a significant portion of its territory consisting of desert and mountainous regions. This presents unique challenges for truck drivers, who require vehicles that can handle off-road conditions and extreme temperatures.

As a result, there is a demand for trucks that are specifically designed and equipped to operate in these challenging environments. Underlying macroeconomic factors have also contributed to the growth of the Trucks market in Algeria. The country has experienced steady economic growth in recent years, which has led to an increase in construction and infrastructure projects.

This has created a greater need for trucks to transport materials and equipment, driving the demand for trucks in the market. In conclusion, the Trucks market in Algeria is witnessing growth due to customer preferences for larger and more powerful vehicles, the increasing popularity of electric and hybrid trucks, and the demand for trucks with advanced safety features. Local special circumstances, such as the diverse landscape and extreme weather conditions, also play a role in shaping the market.

Additionally, underlying macroeconomic factors, including steady economic growth and increased construction activity, contribute to the growth of the Trucks market in Algeria.

Data coverage:

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

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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The trucking industry in Canada refers to companies which are engaged in the transport of goods via truck. This includes both organizations who own and operate a private truck fleet to transport goods they produce themselves, as well as for-hire carriers who are contracted to carry goods produced by a different company. In 2022, the industry generated almost 39.55 billion Canadian dollars from almost 63.7 million shipments. Both these figures are slightly lower than at the industry’s peak in 2014, when shipments of 63.8 million tons of cargo generated 38.7 billion in revenue. However, the revenue per shipment of 621.15 Canadian dollars in 2018 is higher than in 2017, when only 585.6 Canadian dollars of revenue was generated per shipment.