Trucks - Australia & Oceania | Statista Market Forecast

In 2024, the Trucks market in Australia & Oceania is projected to reach a total of 546.20k vehicles unit sales.
Looking ahead, the market is expected to experience a compound annual rate of 0.33% from 2024 to 2030, resulting in a projected market volume of 557.20k vehicles units by 2030.
This indicates the potential for continuous growth in the Trucks market.
Furthermore, the production of Trucks market in Australia & Oceania is estimated to reach 9.72k vehicles units by 2030.
This figure highlights the capacity for further expansion in the market.
When considering the global market, it is evident that China will dominate in terms of sales, with an estimated 3.74m vehicles units sold in 2024.
This indicates the strong demand for Trucks market in the Chinese market.
Australia's truck market is experiencing a surge in demand for heavy-duty vehicles due to the country's vast distances and reliance on road transport for freight.

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 Australia & Oceania is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trajectory.

Customer preferences in the Trucks market in Australia & Oceania are shifting towards vehicles that are more fuel-efficient and environmentally friendly. As concerns about climate change and sustainability continue to rise, customers are increasingly seeking out trucks that have lower emissions and better fuel economy. This shift in preferences is driving manufacturers to invest in research and development to produce more efficient and eco-friendly trucks.

Trends in the market are also playing a role in the development of the Trucks market in Australia & Oceania. One notable trend is the increasing demand for electric trucks. As technology improves and the infrastructure for electric vehicles expands, more customers are opting for electric trucks as a cleaner and more sustainable alternative to traditional diesel trucks.

This trend is likely to continue as governments and businesses in the region set ambitious targets for reducing greenhouse gas emissions. Another trend in the market is the growing popularity of autonomous trucks. With advancements in artificial intelligence and automation, self-driving trucks are becoming a reality.

These trucks offer benefits such as increased safety, improved efficiency, and reduced labor costs. As a result, customers in Australia & Oceania are showing interest in adopting autonomous trucks, leading to increased investment and development in this area. Local special circumstances also contribute to the development of the Trucks market in Australia & Oceania.

The vast size and remote nature of the region make trucks an essential mode of transportation for goods and commodities. The demand for trucks is driven by industries such as mining, agriculture, and logistics, which rely heavily on efficient and reliable transportation. This unique characteristic of the region creates a strong market for trucks and encourages manufacturers to cater to the specific needs of customers in Australia & Oceania.

Underlying macroeconomic factors are also playing a role in the development of the Trucks market in Australia & Oceania. Economic growth in the region, coupled with increased infrastructure development and trade activities, is driving the demand for trucks. As industries expand and businesses require more efficient transportation solutions, the demand for trucks is expected to continue growing.

In conclusion, the Trucks market in Australia & Oceania is experiencing growth and development due to shifting customer preferences towards fuel-efficient and environmentally friendly vehicles, trends such as the adoption of electric and autonomous trucks, local special circumstances that create a strong demand for trucks, and underlying macroeconomic factors that drive economic growth and infrastructure development. These factors combined are shaping the future of the Trucks market in Australia & Oceania and creating opportunities for manufacturers and suppliers in the region.

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.