Australia Commercial Vehicle Industry Outlook 2022 - 2026

Key Market Indicators

The Australian commercial vehicle market is set to grow 5.7% year-on-year CAGR, reaching 10.9 million units by 2026. Since 2010, the market has grown by 100.6%. Australia was ranked fourth in 2021, behind Argentina's 8.1 million units. Mexico, Argentina and Australia were ranked second, third and fourth respectively. Australian commercial vehicle production was at zero units in 2021, down from zero units in 2020 and a decrease of 100% since 2002. The country ranked 32nd in 2021, behind Pakistan's zero units. China, Mexico and Canada held the second, third and fourth spots respectively. Diesel truck sales are expected to drop 1.7% year-on-year to $1.74 billion by 2026, down from $1.84 billion in 2020 and a 4.7% decrease since then. France, Italy and Australia were second, third and fourth respectively.

Australia Commercial Vehicle Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Passenger Vehicle Market: A Comprehensive Executive Analysis Track for Global Opportunities

  In light of innovation and technological advancement, the passenger vehicle market has witnessed a significant transformation. The current trend is leaning towards electric cars as sustainable alternatives to conventional fuel-powered vehicles. This is an outcome of stringent emission regulations globally. Furthermore, there has been an increase in the demand for...

  Discover more insights

• Work Truck Industry: Unveiling Global Market Size, Progress, and Future Prospects

  Estimates indicate a corpulent size of the work truck market globally, supported by robust demand in key regions like North America, Europe, and Asia-Pacific. It's a highly-competitive field filled with both established players and startups, all competing for slices of this substantial revenue pie. The current size is influenced by...

  Discover more insights

• Commercial Vehicle Market: Key Trends, Projections, and Strategic Insight Analysis

  The commercial vehicle industry is witnessing significant transformational trends. Primarily, a shift towards alternative fuel vehicles is becoming increasingly pronounced as environmental sustainability becomes a crucial guiding factor for businesses. Vehicles powered by electricity, natural gas and hydrogen fuel cells are no longer theoretical concepts but are garnering significant commercial...

  Discover more insights

• Forklift Industry Dynamics: A Comprehensive Insight into Market Trends and Prospects

  The current landscape of the forklift truck industry is characterized by an advancing pace of innovation, aimed at increasing operator comfort and functionality. This is evident by the growing incorporation of technology with a focus on digitization, automation, and energy efficiency. Another trend is the drive towards battery-operated and fuel...

  Discover more insights

• Unveiling the Future: Driven Trends and Growth in the Global SUV Market

  As one of the fastest-growing segments in the automotive sector, the global SUV market is being driven by various factors. Higher disposable income, a shift in consumer preference towards larger vehicles, and advancements in vehicle technology are some of the drivers propelling this market's growth. Consumers are progressively favoring SUVs...

  Discover more insights

• 1
• 2