Trucks - Czechia | Statista Market Forecast

In Czechia, the Trucks market is projected to witness a significant increase in unit sales, reaching 11.42k vehicles by the year 2024.
Furthermore, it is anticipated that the market will experience a compound annual rate of 3.12% from 2024 to 2030, resulting in a projected market volume of 13.73k vehicles units by the end of 2030.
This growth in unit sales indicates the potential for expansion within the Trucks market.
Additionally, the production of Trucks market is expected to reach 1.73k vehicles units by 2030, further highlighting the potential for growth in this market.
From an international standpoint, it is noteworthy that China is expected to dominate the market with sales reaching 3.74m vehicles units in 2024.
Czechia's truck market is witnessing a surge in demand for electric vehicles, driven by the government's focus on sustainable transportation solutions.

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 Czechia is experiencing steady growth, driven by several factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Trucks market in Czechia are shifting towards more efficient and environmentally friendly vehicles.

Customers are increasingly looking for trucks that offer better fuel efficiency and lower emissions. This trend is in line with global efforts to reduce carbon emissions and promote sustainability. Additionally, customers in Czechia are also placing a greater emphasis on safety features and technological advancements in trucks.

In terms of market trends, there is a growing demand for electric and hybrid trucks in Czechia. The government has implemented policies and incentives to promote the adoption of electric vehicles, including trucks. This has led to an increase in the availability and variety of electric and hybrid trucks in the market.

Furthermore, there is a rising trend of truck manufacturers partnering with technology companies to develop autonomous driving capabilities in trucks. This technology is expected to improve efficiency, reduce accidents, and enhance the overall trucking experience. Local special circumstances also play a role in the development of the Trucks market in Czechia.

The country has a well-developed transportation infrastructure, including an extensive road network and efficient logistics systems. This makes Czechia an attractive market for truck manufacturers and logistics companies. Additionally, Czechia is strategically located in the heart of Europe, making it a key transit hub for goods transportation across the continent.

This geographical advantage further contributes to the growth of the Trucks market in Czechia. Underlying macroeconomic factors also contribute to the development of the Trucks market in Czechia. The country has a stable economy with a strong manufacturing sector, which drives demand for trucks.

Czechia is known for its automotive industry, with several major truck manufacturers operating in the country. This creates a favorable business environment for the Trucks market, with a robust supply chain and skilled workforce. In conclusion, the Trucks market in Czechia is experiencing growth due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

The shift towards more efficient and environmentally friendly trucks, the adoption of electric and hybrid vehicles, the development of autonomous driving capabilities, the well-developed transportation infrastructure, and the stable economy all contribute to the positive development of the Trucks market in Czechia.

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.