In 2023, the number of lorries up to 3500 kg and at least 20 years old was highest in Russia, followed by Spain and Poland. There was considerable variation across countries, with Portugal experiencing the highest year-on-year growth of 2.76%, indicating a potential lag in fleet modernization. Conversely, Sweden and Latvia noted minimal increases, suggesting a more stable or modernized fleet. Over the past five years, countries like Portugal and Estonia have led in fleet growth as measured by CAGR, while Liechtenstein showed negligible change, reflecting possibly limited fleet expansion dynamics.
Future trends to watch include:
- Potential regulatory reforms pushing for fleet modernization, particularly in countries with high growth rates like Portugal.
- Economic trends impacting new vehicle purchases, indirectly affecting the retention of older lorries.
- Environmental policies and technological advancements encouraging transitions to newer vehicles.
- Cross-country comparisons could highlight emerging markets or opportunities in vehicle sales or retrofitting services.
Top countries in Number of Lorries up to 3500 kg at Least 20 Years Old by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 1,406,700 | 2023 | +0.74% | +0.76% | View data |
| 2 | 2 Spain | 1,288,400 | 2023 | +1.74% | +1.32% | View data |
| 3 | 3 Poland | 963,240 | 2023 | +0.89% | +0.56% | View data |
| 4 | 4 Portugal | 394,840 | 2023 | +2.48% | +2.76% | View data |
| 5 | 5 Finland | 167,230 | 2023 | +2.01% | +1.52% | View data |
| 6 | 6 Hungary | 48,610 | 2023 | +3.16% | +2.21% | View data |
| 7 | 7 Sweden | 29,150 | 2023 | +0.54% | +0.17% | View data |
| 8 | 8 Switzerland | 20,230 | 2023 | +1.2% | +0.94% | View data |
| 9 | 9 Estonia | 18,460 | 2023 | +2.57% | +2.1% | View data |
| 10 | 10 Austria | 17,700 | 2023 | +1.05% | +0.8% | View data |
