Trucks - Mauritius | Statista Market Forecast

The Trucks market in Mauritius is expected to see unit sales of 1.24k vehicles in 2024.
This market is projected to experience a compound annual growth rate (CAGR 2024-2030) of 2.59%, leading to a market volume of 1.45k vehicles by 2030.
The production of Trucks market is anticipated to reach 3.05k vehicles in 2030, highlighting the potential for growth in the market.
In terms of international sales, China is set to dominate with 3.74m vehicles units sold in 2024.
The demand for trucks in the commercial vehicles market in Mauritius is increasing due to the growing logistics and transportation industry.

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 Mauritius is experiencing steady growth and development, driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Trucks market in Mauritius are shifting towards vehicles that offer durability, reliability, and fuel efficiency.

Customers are increasingly looking for trucks that can withstand the challenging road conditions in the country and provide a cost-effective solution for transportation needs. Additionally, there is a growing demand for trucks with advanced safety features and technology, as customers prioritize the safety of their goods and drivers. Trends in the market indicate a rising demand for light and medium-duty trucks in Mauritius.

These trucks are preferred for their versatility and ability to navigate narrow roads and congested urban areas. Furthermore, there is an increasing adoption of electric and hybrid trucks in the country, driven by the government's commitment to reducing carbon emissions and promoting sustainable transportation. Local special circumstances in Mauritius also contribute to the development of the Trucks market.

The country's growing construction and infrastructure sectors require reliable transportation solutions for the movement of heavy materials and equipment. Additionally, the tourism industry relies on trucks for the transportation of goods and services, further driving the demand for trucks in the market. Underlying macroeconomic factors play a significant role in the development of the Trucks market in Mauritius.

The country's stable economic growth and investment in infrastructure development create a favorable environment for the transportation industry. Moreover, the government's focus on improving logistics and transportation networks enhances the demand for trucks as a vital component of the supply chain. In conclusion, the Trucks market in Mauritius is evolving to meet customer preferences for durable, reliable, and fuel-efficient vehicles.

The market is witnessing a growing demand for light and medium-duty trucks, as well as electric and hybrid trucks. Local special circumstances, such as the construction and tourism sectors, further drive the demand for trucks. The underlying macroeconomic factors, including stable economic growth and infrastructure development, contribute to the market's development.

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.