Trucks - Chad | Statista Market Forecast

The Trucks market in Chad is projected to reach 1.11k vehicles unit sales by 2024.
It is expected to demonstrate a compound annual rate (CAGR 2024-2030) of 2.59%, leading to a projected market volume of 1.29k vehicles units by 2030.
This indicates the potential growth of the Trucks market in the country.
Furthermore, the production of Trucks market is anticipated to reach 0.00 units by 2030, highlighting the market's capacity for expansion.
From an international standpoint, China is expected to dominate the market with sales of 3.74m vehicles units in 2024.
Chad, being a landlocked country with vast rural areas, sees an increasing demand for rugged and durable trucks to support its agricultural and infrastructure development projects.

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 Chad is experiencing steady growth due to customer preferences for durable and versatile vehicles, as well as the country's unique local circumstances. Customer preferences in Chad favor trucks that are capable of navigating rough terrain and carrying heavy loads.

This is because Chad is a landlocked country with diverse landscapes, including deserts, mountains, and grasslands. As a result, trucks with off-road capabilities and high load capacities are in high demand. Additionally, customers in Chad prioritize durability and reliability, as they rely on trucks for transportation of goods across long distances in challenging environments.

In terms of market trends, there has been an increase in the demand for trucks with advanced features and technologies. This includes trucks with improved fuel efficiency, enhanced safety features, and connectivity options. Customers in Chad are increasingly looking for trucks that can provide better performance and productivity, while also reducing operating costs.

This trend is in line with the global market, where there is a growing emphasis on sustainability and efficiency in the transportation sector. Another trend in the Trucks market in Chad is the rise of electric and hybrid trucks. While the adoption of electric and hybrid vehicles is still in its early stages in Chad, there is a growing interest in these vehicles due to their lower environmental impact and potential cost savings in the long run.

As the technology continues to improve and become more affordable, it is expected that the demand for electric and hybrid trucks will increase in Chad as well. Local special circumstances in Chad also play a role in the development of the Trucks market. The country's infrastructure, particularly its road network, is still developing.

This presents challenges for truck owners and operators, as they need vehicles that can withstand the rough conditions of the roads. As a result, there is a demand for trucks that are built to handle these conditions, with features such as high ground clearance and robust suspension systems. Underlying macroeconomic factors, such as economic growth and government policies, also influence the Trucks market in Chad.

Economic growth leads to increased demand for transportation services, which in turn drives the demand for trucks. Additionally, government policies that promote infrastructure development and trade can have a positive impact on the Trucks market, as they create opportunities for the transportation of goods. Overall, the Trucks market in Chad is experiencing growth due to customer preferences for durable and versatile vehicles, as well as the country's unique local circumstances.

The market is expected to continue to evolve with the increasing demand for advanced features and technologies, as well as the potential rise of electric and hybrid trucks.

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.