Year-on-Year Variations:
2024: 601.88K
2025: 608.57K (1.11%)
2026: 615.12K (1.08%)
2027: 621.54K (1.04%)
2028: 627.83K (1.01%)
Compound Annual Growth Rate (CAGR):
The CAGR over the next five years is projected to be approximately 1.06%.
Future Trends to Watch:
As market dynamics evolve, watch for shifts in regulatory policies related to emission standards, technological advancements in vehicle efficiency, and changes in trade volumes, which could significantly impact the forecasted numbers of lorries. Additionally, the adoption of electric and hybrid lorries could provide a stimulus for further growth or variation in fleet compositions.
