The forecast for new registrations of road tractors in Spain shows a steadily increasing trend from 2024 to 2028. In 2023, the actual value stood at 22.12 thousand registrations. Year-on-year growth indicates a steady rise: 2.9% from 2024 to 2025, 2.8% from 2025 to 2026, 2.7% from 2026 to 2027, and 2.5% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is 2.7% per year, reflecting consistent industry growth.
Future trends to watch for include advancements in fuel efficiency and alternative energy sources for road tractors, which could influence market preferences and drive further growth. Additionally, regulatory changes in emissions standards and economic factors such as fuel prices and infrastructure development will be crucial in shaping the market landscape. Economic recovery and investment in logistics infrastructure could further enhance the market's upward trajectory.
