The market for diesel trucks weighing less than 5 tonnes in Malaysia has experienced varied growth trends over the past decade. After consistent year-on-year growth from 2012 to 2014, the market faced slight declines in 2015 and 2016. The trend reversed in 2017 and 2018, seeing positive growth, but encountered a significant decline during 2019 and 2020. The market rebounded with substantial growth in 2021 and a modest increase in 2022, exhibiting a five-year CAGR of 0.9%. The series stood at a value of USD 1.6026 billion in 2022.
Future trends to watch for include advancements in diesel technology, potential government regulations on emissions, and shifts towards more sustainable and efficient transportation options. The impact of global economic conditions and fuel price volatility will also be significant factors shaping the market landscape.
- 2012: 7.7% increase
- 2013: 7.15% increase
- 2014: 6.67% increase
- 2015: -3.11% decrease
- 2016: -2.44% decrease
- 2017: 1.36% increase
- 2018: 7.82% increase
- 2019: -7.31% decrease
- 2020: -14.5% decrease
- 2021: 15.36% increase
- 2022: 6.07% increase
How does Malaysia rank in Diesel Trucks (Weighing Less than 5 Tonnes) Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 21,716,000,000 | 2023 | +3.25% | +2.71% | View data |
| 2 | 2 Spain | 9,793,900,000 | 2023 | +1.15% | +0.37% | View data |
| 3 | 3 Canada | 5,934,800,000 | 2023 | +2.78% | +1.75% | View data |
| 4 | 4 South Africa | 4,539,500,000 | 2023 | +1.5% | +1.55% | View data |
| 5 | 5 Sweden | 4,451,900,000 | 2023 | +2.49% | +2.66% | View data |
| 10 | 10 Hungary | 1,796,500,000 | 2023 | +3.87% | +3.18% | View data |
| 11 | 11 Denmark | 1,752,700,000 | 2023 | +2.27% | +2.07% | View data |
| 12 | 12 Malaysia | 1,614,500,000 | 2023 | +0.75% | -0.46% | |
| 13 | 13 Indonesia | 1,537,600,000 | 2023 | +1.46% | +0.77% | View data |
| 14 | 14 Czech Republic | 1,531,300,000 | 2023 | +3.51% | +3.11% | View data |
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