Trucks - Italy | Statista Market Forecast

In 2024, the Trucks market in Italy is projected to reach a total of 30.79k vehicles unit sales.
Looking ahead, it is expected that the market will experience a compound annual rate (CAGR 2024-2030) of 2.45%.
This growth rate is anticipated to result in a projected market volume of 30.79k vehicles units by 2030.
Furthermore, the production of Trucks market in Italy is also expected to increase significantly, reaching a total of 163.20k vehicles units by 2030.
This production figure showcases the potential for growth within the Trucks market.
From an international perspective, it is interesting to note that China is expected to account for the majority of sales in 2024, with a projected figure of 3.74m vehicles units.
This highlights the significant market presence and demand for Trucks market China.
Italy's commercial truck market is seeing a surge in demand for electric vehicles as the country aims to reduce carbon emissions and promote sustainable transportation.

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 Italy has been experiencing steady growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Trucks market in Italy have been shifting towards more fuel-efficient and environmentally friendly vehicles.

With increasing concerns about climate change and rising fuel costs, customers are looking for trucks that offer better fuel efficiency and lower emissions. This has led to a growing demand for electric and hybrid trucks in the market. Additionally, customers are also placing a greater emphasis on safety features and technological advancements in trucks, such as advanced driver assistance systems and connectivity options.

Trends in the market indicate a growing demand for smaller and more versatile trucks in Italy. This can be attributed to several factors, including the increasing urbanization of the country and the need for trucks that can navigate narrow streets and congested city centers. As a result, there has been a rise in the popularity of compact trucks and vans, which offer greater maneuverability and flexibility for urban deliveries.

Furthermore, there is also a growing trend towards the use of trucks for last-mile delivery services, as e-commerce continues to expand in Italy. Local special circumstances in Italy, such as the country's geography and infrastructure, also play a role in shaping the Trucks market. Italy has a diverse landscape, with mountainous regions and coastal areas, which require trucks with different capabilities and features.

For example, trucks used in mountainous regions need to have strong engines and good traction control to navigate steep slopes, while trucks used for coastal areas may require corrosion-resistant materials to withstand the sea air. Additionally, the state of Italy's road infrastructure, including the condition of roads and bridges, can also impact the demand for trucks and the types of trucks preferred by customers. Underlying macroeconomic factors, such as GDP growth and government policies, also influence the Trucks market in Italy.

A strong economy and favorable business environment can lead to increased investment in the transportation sector, driving demand for trucks. Government policies, such as incentives for the adoption of electric vehicles and stricter emissions regulations, can also shape the market by encouraging the use of more sustainable and environmentally friendly trucks. Overall, the Trucks market in Italy is developing in response to changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

The shift towards more fuel-efficient and environmentally friendly trucks, the demand for smaller and versatile trucks, the influence of Italy's geography and infrastructure, and the impact of macroeconomic factors all contribute to the growth and evolution of the market.

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.