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Australia Commercial Vehicle Industry Outlook 2024 - 2028

See how Australia Commercial Vehicle performed compared to key markets such as the United States, Canada and Mexico.

Key Market Indicators

Australian commercial vehicle registrations are projected to climb to approximately 3.06 million units by 2028, up from about 3.04 million units in 2023. This marks an average annual growth rate of 0.1%. Since 2010, the Australian market has seen a robust increase of 65.2% year on year. In 2023, Australia ranked sixth in commercial vehicle registrations, with China taking the lead at 3.04 million units. Canada, Mexico, and Argentina occupied the second, third, and fourth spots, respectively. In terms of production, Australian commercial vehicle output remained stagnant at zero units in both 2021 and 2022. This represents a 100% year-on-year decrease since 2002, underscoring a significant decline in domestic supply. Diesel truck sales in Australia are expected to fall to nearly $1.95 billion by 2028, down from around $2.17 billion in 2023. This represents a compound annual growth rate (CAGR) decline of 1.7%. The demand for diesel trucks has been decreasing at an annual rate of 1.6%. In the global ranking for diesel truck sales, France, Italy, and Germany occupied the second, third, and fourth positions, respectively.

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Australia Commercial Vehicle Market Data and Forecasts

What is the size of the Australian Commercial Vehicle Market in 2024?

Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value in Australia
Work Trucks Parts Market Size Value in Australia
Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value Per Capita in Australia
Work Trucks Parts Market Size Value Per Capita in Australia
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How much will Australia Commercial Vehicle Market grow to 2028?

Forecast: Import of Trucks to Australia
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