Trucks - Georgia | Statista Market Forecast

The Trucks market in Georgia is projected to reach 357.00vehicles unit sales by 2024.
This market is expected to demonstrate a compound annual rate (CAGR 2024-2030) of 0.82%, leading to a projected market volume of 375.00vehicles by 2030.
The production of Trucks market in Georgia is expected to reach 0.00 by 2030, illustrating the potential for growth in this sector.
From an international standpoint, it is evident that the majority of sales, amounting to 3.74m vehicles units, will be China in 2024.
Georgia's commercial truck market is experiencing a surge in demand due to the country's growing infrastructure development and transportation needs.

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 Georgia has been experiencing significant growth in recent years. Customer preferences in the Trucks market in Georgia are shifting towards more fuel-efficient and environmentally friendly vehicles.

Customers are increasingly looking for trucks that have lower fuel consumption and emit fewer pollutants. This trend is driven by both environmental concerns and the desire to reduce operational costs. As a result, there is a growing demand for hybrid and electric trucks in the market.

Another customer preference in the Trucks market in Georgia is for vehicles with advanced safety features. Customers are increasingly prioritizing safety when purchasing trucks, and are looking for features such as lane departure warning, adaptive cruise control, and automatic emergency braking. This trend is driven by the increasing awareness of road safety and the desire to protect both drivers and pedestrians.

Trends in the market also include the growing popularity of online truck sales. Customers are increasingly using online platforms to research and purchase trucks, as it offers convenience and a wider selection of vehicles. This trend is driven by the increasing use of technology and the desire for a more streamlined buying process.

Local special circumstances in the Trucks market in Georgia include the country's strategic location as a transit hub. Georgia is located at the crossroads of Europe and Asia, and serves as a major transit route for goods traveling between the two continents. This has led to a high demand for trucks for transportation and logistics purposes.

Additionally, Georgia has been investing in infrastructure development, including the construction of new highways and the expansion of existing ones. This has further increased the demand for trucks in the market. Underlying macroeconomic factors that are driving the growth of the Trucks market in Georgia include a growing economy and increasing trade activities.

Georgia has experienced steady economic growth in recent years, which has led to an increase in consumer spending power. This, in turn, has boosted the demand for trucks. Furthermore, the country's participation in international trade agreements and its strategic location have attracted foreign investment and increased trade activities.

This has further contributed to the growth of the Trucks market in Georgia. In conclusion, the Trucks market in Georgia is experiencing growth due to customer preferences for fuel-efficient and safe vehicles, the popularity of online truck sales, local special circumstances such as the country's strategic location, and underlying macroeconomic factors such as a growing economy and increasing trade activities.

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.