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Germany Commercial Vehicle Industry Outlook 2024 - 2028

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

Key Market Indicators

German commercial vehicle registration is projected to reach approximately 319,000 units by 2028, up from around 316,000 units in 2023, reflecting a modest annual growth rate of 0.2%. However, the market has been on a decline since 2010, with an average yearly decrease of 4%. In 2023, Germany ranked 15th in commercial vehicle registrations, with France surpassing it with the same number of units. Canada, Mexico, and Argentina secured the second, third, and fourth positions, respectively. In terms of production, Germany manufactured nearly 197,000 commercial vehicles in 2022, down from about 213,000 units in 2021, marking a 7.1% decline. This drop placed Germany in the 16th spot globally, with Poland slightly ahead. Mexico, China, and Canada occupied the second, third, and fourth ranks in production. Diesel truck sales in Germany are expected to decline to roughly $1.99 billion by 2028 from about $2.46 billion in 2023, decreasing at an average annual rate of 3.4%. Since the start of the downward trend, demand has fallen by an average of 3.6% per year. In this segment, France, Italy, and Germany ranked second, third, and fourth, respectively.

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Germany Commercial Vehicle Market Data and Forecasts

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

Trucks Market Size Value in Germany
Truck Tractors Market Size Value in Germany
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How much will Germany Commercial Vehicle Market grow to 2028?

Forecast: Trucks Market Size Value in Germany
Forecast: Export of Trucks from Germany
Forecast: Import of Trucks to Germany
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