Trucks - Denmark | Statista Market Forecast

The Trucks market in Denmark is projected to reach 5.30k vehicles unit sales in 2024.
It is expected to show a compound annual rate (CAGR 2024-2030) of 2.13%, resulting in a projected market volume of 6.01k vehicles units by 2030.
This indicates the potential growth of the Trucks market in Denmark.
Furthermore, the production of Trucks market in Denmark is expected to reach 0.00 units by 2030, highlighting the growth potential of the market.
From an international perspective, it is evident that China will dominate the sales in 2024, with 3.74m vehicles units sold.
Denmark is experiencing a surge in demand for electric trucks as the country continues to prioritize sustainability and reduce carbon emissions in its transportation sector.

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 Denmark is experiencing steady growth driven by customer preferences, market trends, and local special circumstances. Customer preferences in the Trucks market in Denmark are shifting towards more environmentally friendly and fuel-efficient vehicles.

This is in line with global trends, as customers become more conscious of the environmental impact of their vehicles. As a result, there is a growing demand for electric and hybrid trucks in Denmark. Customers are also looking for trucks with advanced safety features and technology, such as autonomous driving capabilities and connectivity options.

In terms of market trends, the Trucks market in Denmark is seeing an increase in the adoption of digitalization and automation. This is driven by the need for more efficient logistics and transportation operations. Companies are investing in technology solutions that can optimize routes, track deliveries in real-time, and improve overall fleet management.

This trend is expected to continue as companies seek to streamline their operations and reduce costs. Local special circumstances in Denmark, such as government regulations and incentives, are also influencing the Trucks market. The Danish government has implemented policies to promote the use of electric vehicles, including trucks.

This includes tax incentives and subsidies for electric vehicle purchases, as well as the development of charging infrastructure. These initiatives are encouraging businesses to invest in electric trucks and contribute to the overall growth of the market. Underlying macroeconomic factors, such as economic growth and industry developments, are also contributing to the growth of the Trucks market in Denmark.

The country has a strong economy with a well-developed transportation and logistics sector. As industries continue to expand and trade volumes increase, there is a higher demand for trucks to transport goods. Additionally, the construction industry in Denmark is experiencing growth, driving the need for trucks for transportation of materials and equipment.

In conclusion, the Trucks market in Denmark is developing in response to customer preferences for environmentally friendly and technologically advanced vehicles. The market is also influenced by trends towards digitalization and automation, as well as local special circumstances such as government regulations and incentives. The underlying macroeconomic factors, including economic growth and industry developments, are also contributing to the growth of the market.

Overall, the Trucks market in Denmark is expected to continue growing as businesses and industries invest in more efficient and sustainable transportation solutions.

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.