Trucks - Greece | Statista Market Forecast

The Trucks market in Greece is projected to reach 822.00vehicles unit sales by 2024.
It is expected to show a compound annual rate (CAGR 2024-2030) of 4.23%, resulting in a projected market volume of 1.05k vehicles units by 2030.
The production of the Trucks market is also expected to reach 2.26k vehicles units by 2030, indicating the potential growth of the market in Greece.
From an international perspective, it is shown that China will account for the majority of sales, with 3.74m vehicles units projected in 2024.
The demand for heavy-duty trucks in Greece has been steadily increasing, driven by the country's growing logistics industry and infrastructure development 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 Greece 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 Greece have been shifting towards more environmentally friendly and fuel-efficient vehicles.

This is in line with global trends, as customers become more conscious of the impact of their consumption choices on the environment. As a result, there has been an increasing demand for electric and hybrid trucks in Greece. Customers are also looking for trucks with advanced safety features and improved connectivity, allowing for more efficient fleet management.

In terms of market trends, the Trucks market in Greece has been influenced by the growing e-commerce industry. With the rise of online shopping, there has been a greater need for efficient logistics and transportation solutions. This has led to an increased demand for trucks that can handle large volumes of cargo and provide fast and reliable delivery services.

Additionally, the construction industry has been driving the demand for heavy-duty trucks, as infrastructure projects continue to be a priority in Greece. Local special circumstances also play a role in the development of the Trucks market in Greece. The country's geography, with its mountainous terrain and numerous islands, requires trucks that are versatile and can navigate challenging road conditions.

This has led to a demand for trucks with off-road capabilities and high ground clearance. Furthermore, Greece's agricultural sector relies heavily on trucks for the transportation of goods, such as fresh produce and livestock, which has contributed to the growth of the market. Underlying macroeconomic factors have also had an impact on the Trucks market in Greece.

The country has been recovering from a long period of economic recession, and as a result, there has been an increase in construction activity and infrastructure development. This has created a demand for trucks to support these projects. Additionally, government initiatives to promote the use of electric and hybrid vehicles have also influenced the market, with incentives and subsidies being offered to encourage the adoption of greener transportation solutions.

In conclusion, the Trucks market in Greece is experiencing growth due to changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The demand for environmentally friendly and fuel-efficient vehicles, as well as trucks that can support the e-commerce and construction industries, has been driving the market. Greece's unique geography and reliance on trucks for agriculture have also contributed to the growth.

With the country's economic recovery and government support for greener transportation, the Trucks market in Greece is expected to continue its upward trajectory.

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.