Trucks - Ukraine | Statista Market Forecast

The Trucks market in Ukraine is projected to reach 8.03k vehicles unit sales by 2024.
It is expected to exhibit a compound annual rate of 2.59% (CAGR 2024-2030), leading to a projected market volume of 9.36k vehicles units by 2030.
Notably, the production of Trucks market in Ukraine is anticipated to reach 1.15k vehicles units by 2030, highlighting the potential for significant growth in the market.
From an international perspective, China is projected to dominate the market with sales of 3.74m vehicles units in 2024.
The demand for heavy-duty trucks in Ukraine is surging due to the country's 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 Ukraine has been experiencing steady 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 Ukraine have been shifting towards vehicles that offer durability, reliability, and fuel efficiency.

Ukrainian customers are increasingly looking for trucks that can withstand the country's harsh weather conditions and rough road infrastructure. Additionally, there is a growing demand for trucks that offer advanced safety features and comfortable cabins for long-haul journeys. In terms of market trends, there has been a noticeable increase in the demand for electric and hybrid trucks in Ukraine.

This trend is in line with the global shift towards greener and more sustainable transportation solutions. The government's push for environmental regulations and incentives for electric vehicles has also contributed to this trend. As a result, truck manufacturers are investing in the development and production of electric and hybrid trucks to meet the growing demand in the Ukrainian market.

Local special circumstances also play a significant role in the development of the Trucks market in Ukraine. The country's geographical location and its status as a major transit hub between Europe and Asia make it an important market for truck manufacturers. The ongoing infrastructure development projects, such as the construction of new highways and the modernization of existing road networks, are further driving the demand for trucks in Ukraine.

These projects aim to improve transportation efficiency and connectivity, which in turn increases the need for trucks to transport goods across the country. Underlying macroeconomic factors also contribute to the growth of the Trucks market in Ukraine. The country's improving economic conditions, rising disposable incomes, and increasing trade activities have all led to a higher demand for trucks.

The growth of various industries, such as construction, agriculture, and logistics, also drives the need for trucks to support their operations. Furthermore, favorable government policies, such as tax incentives and financial support for truck purchases, have encouraged businesses and individuals to invest in new trucks. In conclusion, the Trucks market in Ukraine is developing in response to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

The shift towards durable, reliable, and fuel-efficient trucks, the increasing demand for electric and hybrid trucks, the ongoing infrastructure development projects, and the country's improving economic conditions all contribute to the growth of the market. As the Ukrainian economy continues to grow and the demand for transportation services increases, the Trucks market is expected to further expand in the coming years.

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.