Trucks - Egypt | Statista Market Forecast

In Egypt, the Trucks market is expected to see a significant growth in the coming years.
By 2024, unit sales in this market are projected to reach 368.00vehicles.
Furthermore, it is anticipated that the market will continue to expand at a compound annual rate of 0.58% from 2024 to 2030.
This would result in a projected market volume of 381.00vehicles by 2030, indicating the potential for further growth in the industry.
In terms of production, the Trucks market is expected to reach 77.65k vehicles units by 2030.
This figure highlights the capacity for the market to expand and meet the growing demand for Trucks market in Egypt.
From an international perspective, it is interesting to note that China is projected to have the highest sales in the Trucks market, with an estimated 3.74m vehicles units sold in 2024.
This emphasizes the global significance of the Chinese market in the trucking industry.
Overall, the Trucks market in Egypt shows promising potential for growth, both in terms of unit sales and production.
The projected figures indicate a positive outlook for the industry, with opportunities for further expansion and development.
Egypt's commercial truck market is experiencing a surge in demand due to the country's 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 Egypt has seen significant development in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Trucks market in Egypt have shifted towards more fuel-efficient and environmentally friendly vehicles.

Customers are increasingly looking for trucks that offer better mileage and lower emissions, in line with global trends in the automotive industry. This shift in preferences is driven by rising fuel prices and a growing awareness of environmental issues. As a result, manufacturers in Egypt are focusing on developing trucks with advanced engine technologies and lightweight materials to improve fuel efficiency and reduce emissions.

One of the key trends in the Trucks market in Egypt is the increasing demand for electric trucks. As the government promotes the use of electric vehicles and implements policies to reduce carbon emissions, customers are showing a growing interest in electric trucks. This trend is also supported by the availability of charging infrastructure and government incentives for electric vehicle adoption.

Manufacturers are responding to this trend by introducing electric truck models with improved battery technology and longer driving ranges. Another trend in the market is the growing popularity of connected trucks. Customers are looking for trucks that are equipped with advanced telematics systems, allowing them to track and monitor their vehicles in real-time.

This trend is driven by the need for improved fleet management and operational efficiency. Manufacturers are incorporating advanced connectivity features in their trucks, such as GPS tracking, remote diagnostics, and predictive maintenance, to meet the growing demand for connected trucks in Egypt. Local special circumstances in Egypt have also contributed to the development of the Trucks market.

The country's strategic location as a trade hub between Africa, Europe, and the Middle East has led to an increased demand for trucks for transportation and logistics purposes. The government's investment in infrastructure development, including the expansion of road networks and the construction of new ports, has further fueled the demand for trucks in Egypt. Additionally, the presence of a large agricultural sector in the country has created a need for trucks for transporting agricultural produce.

Underlying macroeconomic factors, such as GDP growth and population growth, have also played a role in the development of the Trucks market in Egypt. As the economy grows and the population increases, there is a higher demand for goods and services, leading to an increased need for trucks for transportation and logistics. The government's focus on economic development and industrialization has also contributed to the growth of the Trucks market, as it has led to increased investment in various sectors, including manufacturing and construction.

In conclusion, the Trucks market in Egypt has experienced significant development in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards fuel-efficient and environmentally friendly vehicles, the growing demand for electric and connected trucks, and the country's strategic location and investment in infrastructure have all contributed to the growth of the Trucks market in Egypt.

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.