Trucks - Brazil | Statista Market Forecast

In Brazil, the Trucks market is projected to reach 99.23k vehicles unit sales by 2024.
The market is expected to grow at a compound annual rate (CAGR 2024-2030) of -2.71%, resulting in a projected market volume of 84.14k vehicles units by 2030.
This demonstrates the potential growth of the Trucks market in Brazil.
Furthermore, the production of Trucks market in Brazil is expected to reach 78.66k vehicles units by 2030, further indicating the growth potential of the market.
From an international perspective, it is noteworthy that China is expected to have the highest sales volume in 2024, with 3.74m vehicles units.
Brazil's commercial truck market is experiencing a surge in demand due to increased infrastructure projects and a growing logistics industry.

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 Brazil has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Trucks market in Brazil have been shifting towards larger and more powerful vehicles.

This can be attributed to the growing demand for trucks that can handle heavy loads and navigate the country's vast and diverse terrain. Customers are also increasingly looking for trucks that offer advanced features and technologies, such as improved fuel efficiency and driver assistance systems. In terms of market trends, there has been a noticeable increase in the adoption of electric and hybrid trucks in Brazil.

This can be attributed to the country's commitment to reducing greenhouse gas emissions and promoting sustainable transportation solutions. Additionally, there has been a growing focus on the development of autonomous trucks, which are expected to enhance efficiency and safety in the transportation industry. Local special circumstances in Brazil have also played a role in shaping the Trucks market.

The country's infrastructure challenges, including poor road conditions and limited access to certain regions, have created a demand for trucks that are rugged and capable of handling such conditions. Furthermore, the country's large agricultural sector has driven the need for specialized trucks that can transport heavy agricultural machinery and products. Underlying macroeconomic factors have also contributed to the development of the Trucks market in Brazil.

The country's economic growth and increasing urbanization have led to a higher demand for trucks for various purposes, including transportation of goods and construction activities. Additionally, government initiatives and incentives aimed at promoting the automotive industry have further stimulated the growth of the Trucks market. In conclusion, the Trucks market in Brazil is experiencing growth due to customer preferences for larger and more powerful vehicles, market trends such as the adoption of electric and autonomous trucks, local special circumstances including infrastructure challenges and the country's agricultural sector, and underlying macroeconomic factors such as economic growth and government initiatives.

These factors are expected to continue driving the development of the Trucks market in Brazil in the coming years.

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.