In 2023, the market size value for diesel trucks weighing less than 5 tonnes in Malaysia stood at 1.609 billion US Dollars. From 2024, the market is forecasted to grow gradually with the following annual values (in billion US Dollars): 2024: 1.622, 2025: 1.6349, 2026: 1.6476, 2027: 1.66, 2028: 1.6722.
The year-on-year growth rates for the last two years available (2024 and 2025) are:
- 2024: 0.81%
- 2025: 0.80%
Future trends to watch for:
- Government regulations on emissions might impact the demand for diesel trucks.
- Potential shift towards electric and hybrid trucks due to sustainability concerns.
- Technological enhancements improving fuel efficiency and lowering operational costs.
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