The market size of diesel trucks weighing 5-20 tonnes in the Dominican Republic has shown steady growth over the past decade, reaching $231.65 million in 2023. This represents a 2.96% year-on-year increase from 2022. Notably, the market experienced significant contractions in 2020, followed by a robust recovery, demonstrating resilience with a 5-year compound annual growth rate (CAGR) of 3.3%.
For future trends, watch for:
- Increased adoption of electric trucks could impact diesel truck sales.
- Economic factors and government policies influencing vehicle imports.
- Technological advances improving diesel efficiency and emissions.