From 2013 to 2023, the new registrations of road tractors in Italy saw significant fluctuations in their growth rates. The volume of registrations stood at 15.9 thousand in 2023. Initially, growth was consistent with notable spikes in 2016 and 2017 at 31.33% and 24.16%, respectively. However, a decline was observed in 2020, contrasted by a recovery in the subsequent years. The average annual growth rate over the past five years (2018 to 2023) is 3.39%, indicating moderated but positive growth.
Future trends to watch for:
- Despite a more moderate growth curve, the forecasted CAGR from 2024 to 2028 is 2.6%, suggesting steady market stabilization.
- An anticipated aggregate growth rate of 13.69% over the next five years highlights continued confidence in market expansion.
