Trucks - New Zealand | Statista Market Forecast

In New Zealand, the Trucks market is anticipated to witness unit sales of 24.11k vehicles by the year 2024.
This projection indicates a potential annual growth rate of -4.88% (CAGR 2024-2030), which would result in a market volume of 17.86k vehicles by 2030.
The production of Trucks market is also expected to increase, reaching 4.89k vehicles units by 2030, further highlighting the growth potential of the market.
From an international perspective, it is noteworthy that China is predicted to dominate the Trucks market with sales reaching 3.74m vehicles units in 2024.
New Zealand's commercial truck market is experiencing a surge in demand for electric vehicles, driven by the country's commitment to sustainability and reducing carbon emissions.

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 New Zealand has been experiencing significant growth in recent years, driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Trucks market in New Zealand have been shifting towards more fuel-efficient and environmentally friendly vehicles.

This is in line with the global trend of increasing awareness and concern for the environment. Customers are also looking for trucks that offer advanced safety features and technology, as well as comfortable and spacious interiors. These preferences have led to an increase in the demand for electric and hybrid trucks, as well as trucks with advanced driver assistance systems.

One of the key trends in the Trucks market in New Zealand is the rise of e-commerce and last-mile delivery services. With the growth of online shopping, there has been an increased demand for trucks that can efficiently transport goods from distribution centers to customers' doorsteps. This has led to the development of smaller, more agile trucks that can navigate through narrow streets and congested urban areas.

Additionally, there has been a growing demand for refrigerated trucks to transport perishable goods, as well as specialized trucks for specific industries such as construction and agriculture. Local special circumstances in New Zealand, such as its geography and infrastructure, have also influenced the development of the Trucks market. The country's mountainous terrain and remote locations require trucks that are capable of handling rugged terrains and long distances.

Additionally, New Zealand has a strong agricultural sector, which has driven the demand for trucks used in farming and livestock transportation. Underlying macroeconomic factors, such as population growth, urbanization, and government regulations, have also played a role in the development of the Trucks market in New Zealand. The country's population has been steadily increasing, leading to a higher demand for goods and services that require truck transportation.

Urbanization has also contributed to the need for trucks, as more people move to cities and rely on trucks for the delivery of goods. Government regulations aimed at reducing emissions and improving road safety have also influenced the market, as manufacturers and customers seek trucks that comply with these regulations. Overall, the Trucks market in New Zealand is experiencing growth due to customer preferences for fuel-efficient and technologically advanced vehicles, the rise of e-commerce and last-mile delivery services, local special circumstances such as geography and agriculture, and underlying macroeconomic factors such as population growth and government regulations.

As these factors continue to evolve, the market is expected to further expand and innovate to meet the changing needs of customers in New Zealand.

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.