Over the past decade, commercial vehicle registrations in Italy have exhibited significant volatility. The market saw a steady increase from 2013 to 2016, peaking in 2016 with a remarkable 49.87% year-on-year growth. However, this was followed by a gradual decline till 2018. A minor recovery was seen in 2019.
The market was drastically impacted in 2020 due to the pandemic, with an 87.97% year-on-year drop. Despite a recovery attempt in 2021 and a substantial rebound in 2022, the registrations fell significantly by 49.99% in 2023, standing at 94.55 thousand units.
The future seems challenging, with forecasts indicating a continuing decline in the market. The projected 5-year CAGR from 2024 is -23.77%, resulting in a 74.26% drop by 2028. Future trends to watch include the impact of economic recovery post-pandemic, advancements in vehicle technology, and shifts towards sustainable transportation solutions.
