Forecast: First Registrations of New Goods Vehicles in Australia

Based on the provided data, the first registrations of new goods vehicles in Australia are forecasted to increase consistently over the next five years. The values rise from 299.14 thousand registrations in 2024 to 323.74 thousand registrations by 2028.

This steady upward trend indicates an average annual growth rate (CAGR) of approx. 2.0% from 2024 to 2028. Year-on-year growth rates show a steady increment, typically around 2.1% to 2.2% each year.

Future trends to watch for:

  • Shifts in transportation and logistics demand fueled by e-commerce growth.
  • Impacts of economic policies and fuel price fluctuations on the market.
  • Technological advancements and adoption of electric or alternative-fuel goods vehicles.

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