Key Market Indicators
French commercial vehicle registration is projected to decline to approximately 304,000 units by 2028, down from around 344,000 units in 2023. This represents a 2% annual decrease. The market has been experiencing a steady decline since 2010, averaging a 5.6% yearly drop. In 2023, France ranked 14th globally in commercial vehicle registrations, with Thailand leading at the same figure of 344,000 units. Canada, Mexico, and Argentina followed, claiming the 2nd, 3rd, and 4th spots, respectively. On the production front, French commercial vehicle output is expected to climb to nearly 420,000 units by 2028, up from about 382,000 units in 2023. This marks a 1.5% annual growth rate. Despite this upward trend, French production has seen a 5% annual decrease since 2002. In 2023, France was the 9th largest producer, with Spain surpassing it with the same figure of 382,000 units. Mexico, China, and Canada took the 2nd, 3rd, and 4th positions, respectively. Diesel truck sales in France are forecasted to reach $6.22 billion by 2028, up from $5.65 billion in 2023, reflecting a 1.6% annual growth rate. Demand has been increasing by 2.7% annually. In this sector, France ranked 2nd, followed by Italy and Germany in the 3rd and 4th positions, respectively.