Trucks - Cambodia | Statista Market Forecast

The Trucks market in Cambodia is projected to reach a unit sales of 3.38k vehicles by 2024.
It is expected to demonstrate a compound annual rate (CAGR 2024-2030) of 3.83%, resulting in a projected market volume of 4.23k vehicles by 2030.
This indicates the potential for growth in the Trucks market.
In 2030, the production of Trucks market is expected to reach 0.00, highlighting the market's potential for expansion.
From an international perspective, China is anticipated to account for the majority of sales with 3.74m vehicles units in 2024.
Cambodia is experiencing a rising demand for heavy-duty trucks in its commercial vehicles market due to its growing construction and infrastructure 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 Cambodia has been experiencing significant growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Trucks market in Cambodia have been shifting towards vehicles that are more fuel-efficient, durable, and versatile.

Customers are increasingly looking for trucks that can handle a wide range of tasks, from transportation of goods to construction and agriculture. This has led to an increase in demand for trucks with higher payload capacities, better fuel efficiency, and advanced features such as GPS navigation and telematics systems. Trends in the market indicate a growing demand for trucks in Cambodia.

The construction industry, in particular, has been a major driver of this demand, as the country continues to experience rapid urbanization and infrastructure development. The need for trucks to transport construction materials and equipment has increased significantly, leading to a rise in sales and production of trucks in the country. Additionally, the agriculture sector also contributes to the demand for trucks, as farmers require vehicles for the transportation of crops and livestock.

Local special circumstances in Cambodia, such as the country's geographical landscape and road conditions, also play a role in the development of the Trucks market. Cambodia has a diverse terrain, with both urban and rural areas, as well as unpaved roads and rough terrains. As a result, customers in Cambodia often prefer trucks that are capable of navigating through these challenging conditions.

This has led to an increased demand for trucks with features such as high ground clearance, off-road capabilities, and robust suspension systems. Underlying macroeconomic factors also contribute to the growth of the Trucks market in Cambodia. The country's strong economic growth, increasing population, and rising disposable incomes have led to a higher demand for goods and services, which in turn drives the need for efficient transportation.

Additionally, government initiatives to improve infrastructure and transportation networks have also contributed to the growth of the Trucks market, as better road connectivity creates opportunities for increased trade and commerce. In conclusion, the Trucks market in Cambodia is developing due to customer preferences for fuel-efficient and versatile vehicles, market trends driven by the construction and agriculture sectors, local special circumstances such as challenging road conditions, and underlying macroeconomic factors such as strong economic growth and government initiatives. These factors combined have created a favorable environment for the growth of the Trucks market in Cambodia.

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.