Italy Commercial Vehicle Industry Outlook 2024 - 2028

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

Key Market Indicators

Italian Commercial Vehicle Registration is projected to decline significantly, falling to approximately 20,400 units by 2028, down from around 94,600 units in 2023. This represents a steep annual decrease of 23.8%. Notably, since 2010, the Italian market has experienced an average yearly decline of 14.9%. In 2023, Italy ranked 32nd globally in commercial vehicle registration, with Norway surpassing it at the same figure of about 94,600 units. Canada, Mexico, and Argentina held the second, third, and fourth positions, respectively. In contrast, Italian Commercial Vehicle Production is expected to see a modest growth. By 2028, production is forecasted to reach roughly 329,400 units, up from approximately 313,900 units in 2023. This indicates a slight annual growth rate of 0.8%. However, since 2002, the supply has slightly declined by an average of 0.7% per year. In 2023, Italy ranked 11th in production, with Brazil taking the lead at around 313,900 units. Mexico, China, and Canada were the next top producers in this category. Diesel Truck Sales in Italy are projected to increase, reaching an estimated $3.7 billion by 2028, up from about $3.4 billion in 2023. This growth reflects an annual average increase of 1.4%. Historically, demand for diesel trucks has grown at a rate of 1.7% per year. In the 2023 rankings, France, Italy, and Germany occupied the second, third, and fourth positions, respectively.

Italy Commercial Vehicle Market Data and Forecasts

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