Trucks - Austria | Statista Market Forecast

In Austria, the Trucks market is anticipated to witness a significant increase in unit sales, with projections indicating a figure of 9.04k vehicles by the year 2024.
Moreover, a promising annual growth rate of 4.15% (CAGR 2024-2030) is expected, resulting in a projected market volume of 11.54k vehicles units by 2030.
This growth in unit sales highlights the potential for expansion within the Trucks market.
Looking at the production side, it is estimated that the production of Trucks market will reach 12.43k vehicles units in 2030.
This figure provides further insight into the potential growth that the Trucks market can achieve in Austria.
Taking an international perspective into account, it becomes evident that China will dominate the global Trucks market, with sales reaching a substantial number of 3.74m vehicles units in 2024.
This highlights China's significant presence and influence within the Trucks market on a global scale.
Austria's truck market is seeing a growing demand for electric vehicles as the country's commitment to sustainable transportation increases.

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 Austria has experienced significant growth in recent years, driven by several key factors. Customer preferences in the Trucks market in Austria have shifted towards more fuel-efficient and environmentally friendly vehicles.

This trend is in line with global market trends, as customers increasingly prioritize sustainability and cost-effectiveness. As a result, there has been a growing demand for electric and hybrid trucks in Austria, as well as for trucks with improved fuel efficiency and reduced emissions. Another key customer preference in the Austrian Trucks market is for vehicles that offer advanced safety features and technology.

Customers are increasingly seeking trucks with features such as collision avoidance systems, lane departure warning systems, and advanced driver assistance systems. These features not only enhance safety on the roads but also contribute to improved overall efficiency and productivity. In terms of market trends, there has been a notable increase in the adoption of connected technologies in the Austrian Trucks market.

This includes the use of telematics systems, which enable fleet managers to monitor and optimize the performance of their vehicles in real-time. Connected trucks also offer benefits such as improved fuel efficiency, reduced maintenance costs, and enhanced driver safety. Additionally, there has been a growing trend towards the use of trucks for last-mile delivery in urban areas.

With the rise of e-commerce and the increasing demand for fast and efficient delivery services, companies are increasingly relying on trucks to transport goods from distribution centers to final destinations. This trend has led to an increased demand for smaller, more maneuverable trucks that are well-suited for navigating urban environments. One of the local special circumstances that has influenced the development of the Trucks market in Austria is the country's strong emphasis on environmental sustainability.

Austria has implemented strict regulations and incentives to promote the use of clean and energy-efficient vehicles, including trucks. This has encouraged manufacturers to invest in the development of electric and hybrid trucks, as well as in technologies that improve fuel efficiency and reduce emissions. Another local special circumstance is the country's mountainous terrain, which presents unique challenges for trucks operating in Austria.

Trucks need to be equipped with features such as powerful engines, robust braking systems, and advanced traction control to ensure safe and efficient operation in these challenging conditions. Underlying macroeconomic factors, such as Austria's strong economic growth and stable business environment, have also contributed to the development of the Trucks market. The country's thriving manufacturing and logistics sectors have driven the demand for trucks, as companies require reliable and efficient transportation solutions to support their operations.

In conclusion, the Trucks market in Austria has experienced significant growth in recent years, driven by customer preferences for fuel-efficient and technologically advanced vehicles, as well as by local special circumstances and underlying macroeconomic factors. The market is expected to continue to evolve in line with global trends, with a focus on sustainability, safety, and efficiency.

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.