The market size for diesel trucks weighing 5-20 tonnes in Romania reached $288.57 million in 2023, with a slight year-on-year increase of 0.29%. Over the past decade, the market has experienced fluctuations with significant growth in 2015 and 2016, followed by a period of decline. In recent years, from 2019 to 2021, it saw a dip and some recovery. The five-year compound annual growth rate (CAGR) stood at -0.88% as of 2023, indicating a mild contraction over this period.
Future trends to watch for include a potential shift towards eco-friendly and electric truck alternatives, changes in regulatory policies on emissions, and economic factors impacting demand. Market developments will also be influenced by advancements in automotive technology and infrastructural investments in Romania.
- 2013-2023: Rolled growth and decline, peak in 2016.
- Recent recovery: Slight growth in 2021-2023.
- 2023 Market Value: $288.57 million (forecasted).
- 2024 and beyond: Attention to sustainability and regulatory changes.
How does Romania rank in Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value?
| # | 22 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 35,532,000,000 | 2023 | +1.2% | +1.53% | View data |
| 2 | 2 France | 5,648,000,000 | 2023 | +2.03% | +2.65% | View data |
| 3 | 3 Italy | 3,427,300,000 | 2023 | +1.75% | +1.73% | View data |
| 4 | 4 Germany | 2,457,600,000 | 2023 | -3.76% | -3.63% | View data |
| 5 | 5 Australia | 2,171,900,000 | 2023 | -0.058% | -1.62% | View data |
| 12 | 12 Sweden | 388,850,000 | 2023 | -3.33% | -4.09% | View data |
| 13 | 13 Morocco | 334,320,000 | 2023 | +1.72% | +2.88% | View data |
| 14 | 14 Romania | 288,570,000 | 2023 | +0.29% | -0.88% | |
| 15 | 15 Hungary | 167,740,000 | 2023 | +0.52% | -0.11% | View data |
| 16 | 16 Slovenia | 146,150,000 | 2023 | +3.34% | +3.13% | View data |
