Trucks - Iran | Statista Market Forecast

In Iran, the Trucks market is anticipated to witness a significant rise in unit sales, reaching 13.86k vehicles by the year 2024.
Furthermore, this market is expected to display a compound annual rate of 2.59%, as projected from 2024 to 2030.
As a result, the market volume is estimated to reach 16.16k vehicles by 2030, indicating the potential for expansion in the Trucks market industry.
In terms of production, it is forecasted that the Trucks market will reach a production output of 21.16k vehicles units by 2030, further emphasizing the market's capacity for growth.
When considering the global perspective, it is evident that China will dominate the market with sales estimated at 3.74m vehicles units in 2024.
Iran's truck market is experiencing a surge in demand due to the country's 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 Iran is experiencing significant growth, driven by customer preferences for durable and reliable vehicles, as well as local special circumstances and underlying macroeconomic factors. Customer preferences in the Trucks market in Iran are primarily focused on vehicles that are capable of withstanding harsh terrains and heavy loads.

As Iran is known for its mountainous landscapes and challenging road conditions, customers prioritize trucks that offer superior off-road capabilities and robust build quality. Additionally, customers in Iran value trucks that are fuel-efficient and cost-effective to operate, as the country has experienced fluctuations in fuel prices in recent years. Trends in the Trucks market in Iran are influenced by global and regional market dynamics.

One notable trend is the increasing demand for electric and hybrid trucks. This trend is driven by the growing global focus on sustainability and environmental conservation, as well as the Iranian government's efforts to reduce carbon emissions. As a result, truck manufacturers are investing in research and development to produce electric and hybrid trucks that meet the specific needs of the Iranian market.

Another trend in the Trucks market in Iran is the adoption of advanced safety features. Customers are increasingly seeking trucks that offer features such as lane departure warning, blind spot detection, and automatic emergency braking. This trend is driven by a growing awareness of road safety and a desire to minimize accidents and injuries.

Truck manufacturers are responding to this demand by integrating these safety features into their vehicles, thereby enhancing their appeal to customers in Iran. Local special circumstances also play a role in shaping the Trucks market in Iran. One such circumstance is the country's economic sanctions, which have limited access to foreign-made trucks and components.

As a result, local truck manufacturers have gained a competitive advantage, as they are able to offer trucks that are specifically tailored to the Iranian market. This has led to the emergence of domestic truck brands that cater to the unique needs and preferences of Iranian customers. Underlying macroeconomic factors also contribute to the development of the Trucks market in Iran.

The country's growing population and urbanization have led to an increased demand for transportation and logistics services. This has resulted in a higher demand for trucks to support various industries, such as construction, agriculture, and manufacturing. Additionally, Iran's strategic location as a transit hub between Asia and Europe has positioned it as a key player in the regional trade network, further driving the demand for trucks.

In conclusion, the Trucks market in Iran is experiencing growth due to customer preferences for durable and reliable vehicles, as well as the adoption of advanced safety features. Local special circumstances, such as economic sanctions and the emergence of domestic truck brands, also contribute to the market's development. Furthermore, underlying macroeconomic factors such as population growth and Iran's strategic location as a trade hub play a role in driving the demand for trucks in the country.

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.