In 2023, the truck market size in Portugal stood at $2.3422 billion. The market has experienced fluctuations over the past decade, with significant growth periods like 2016-2018, marked by average increases of over 18% year-on-year. The market's five-year composite annual growth rate (CAGR) showed a deceleration trend, peaking at 9.55% in 2019 and slowing to 0.12% growth by 2023, with a mere 1.36% increase over the prior year.
Future trends to watch:
- Swift advances toward electrification, driven by evolving EU regulations.
- Integration of autonomous technologies enhancing transport efficiency.
- Increasing impact of supply chain resilience strategies post-pandemic.
| # | 31 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 35,368,000,000 | 2023 | +1.82% | +0.71% | View data |
| 2 | 2 United Kingdom | 31,707,000,000 | 2023 | +1.38% | +1.29% | View data |
| 3 | 3 Brazil | 22,772,000,000 | 2023 | -1.5% | -2.03% | View data |
| 4 | 4 Japan | 19,967,000,000 | 2023 | -3.63% | -4.09% | View data |
| 5 | 5 Italy | 17,159,000,000 | 2023 | +0.39% | -0.99% | View data |
| 11 | 11 Austria | 3,533,200,000 | 2023 | +1.05% | -0.63% | View data |
| 12 | 12 Denmark | 2,820,100,000 | 2023 | +1.57% | -0.071% | View data |
| 13 | 13 Portugal | 2,342,200,000 | 2023 | +1.36% | +0.12% | |
| 14 | 14 Hungary | 2,154,000,000 | 2023 | +3.47% | +3.85% | View data |
| 15 | 15 Guatemala | 2,078,500,000 | 2023 | +4.87% | +4.24% | View data |
