The market size for diesel trucks weighing more than a tonne in Sweden has shown varying trends over the past decade. From 2013 to 2018, the market generally experienced growth, peaking in 2018 with a significant 9.7% increase. This was followed by a substantial decline of 20.98% in 2019, possibly due to market adjustments or external factors. However, the market rebounded moderately in subsequent years, with notable growth of 15.39% in 2021. By 2023, the market value stood at 797.78 million USD, reflecting steady growth with a recent year-on-year increase of 1.66%. The last five-year CAGR up to 2023 was -0.38%.
The forecasted data from 2024 to 2028 indicates a continued, albeit modest, growth trend. The forecasted five-year CAGR is 1.21%, leading to an overall growth rate of 6.19% by 2028.
Future trends to watch for:
- Technological advancements in diesel engines and alternative fuels that might impact market dynamics.
- Regulatory changes and environmental policies affecting diesel truck sales.
- Economic factors and supply chain developments.
- Potential shifts towards electric or hybrid trucks impacting diesel truck market.
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