Trucks - Croatia | Statista Market Forecast

In Croatia, the Trucks market is projected to reach a total of 2.21k vehicles unit sales in 2024.
Looking ahead, it is expected to demonstrate a compound annual rate (CAGR 2024-2030) of 2.59%, resulting in a projected market volume of 2.58k vehicles units by 2030.
Interestingly, the production of Trucks market in Croatia is anticipated to reach 0.00 units in 2030, highlighting the potential for further growth in the market.
From an international perspective, it is noteworthy that China is expected to dominate with the highest number of sales in 2024, reaching a staggering 3.74m vehicles units.
Croatia's truck market is experiencing a surge in demand due to the country's growing tourism industry and increase in construction 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 Croatia 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 Croatia have been shifting towards more fuel-efficient and environmentally friendly vehicles.

This is in line with global trends, as customers are becoming more conscious about the impact of their choices on the environment. As a result, there has been an increased demand for electric and hybrid trucks in Croatia. Customers are also looking for trucks that offer advanced safety features and improved connectivity options.

In terms of market trends, the Trucks market in Croatia is witnessing a rise in the demand for light and medium-duty trucks. This can be attributed to the growth of e-commerce and last-mile delivery services, which require smaller and more agile trucks to navigate through urban areas. Additionally, there is a growing trend of truck sharing and rental services, as businesses seek to optimize their logistics operations and reduce costs.

Local special circumstances in Croatia, such as the country's geographical location and infrastructure, have also influenced the development of the Trucks market. Croatia is strategically positioned as a gateway between Central Europe and the Adriatic Sea, making it an important transit hub for goods transportation. This has led to an increased demand for trucks that can efficiently transport goods across different regions.

Underlying macroeconomic factors, such as economic growth and government policies, have played a significant role in the development of the Trucks market in Croatia. The country has been experiencing steady economic growth, which has resulted in increased consumer spending and business investments. This has created a favorable environment for the growth of the Trucks market.

Additionally, the Croatian government has implemented policies to support the adoption of electric and hybrid vehicles, providing incentives and subsidies to encourage their purchase. In conclusion, the Trucks market in Croatia is experiencing growth due to customer preferences for fuel-efficient and environmentally friendly vehicles, market trends towards light and medium-duty trucks, local special circumstances as a transit hub, and underlying macroeconomic factors such as economic growth and government policies. These factors are expected to continue driving the growth of the Trucks market in Croatia 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.