Key Market Indicators
Swiss commercial vehicle registrations are projected to climb to approximately 29,700 units by 2028, up from an estimated 25,300 units in 2023. This growth represents an average annual increase of 2.6%. However, the market has experienced a significant decline since 2010, with a year-on-year decrease of 7.6%. In 2023, Switzerland ranked 51st globally for commercial vehicle registrations, with Bulgaria slightly ahead at 25,300 units. Leading the rankings were Canada, Mexico, and Argentina, occupying the second, third, and fourth positions, respectively. Meanwhile, diesel truck sales in Switzerland are expected to reach around $419 million by 2028, a modest rise from $414 million in 2023. This corresponds to a compound annual growth rate (CAGR) of 0.2%. Despite this growth, the demand for diesel trucks has dipped by 0.3% year on year. In terms of global rankings for diesel truck sales, France, Italy, and Germany hold the second, third, and fourth spots, respectively.
