In 2023, the production of trucks in Spain stood at 60.31 thousand units. The forecasted data for the years 2024 to 2028 show a consistent upward trend in truck production. The production in 2024 is expected to increase by 6%, followed by a 5.9% increase in 2025, a 5.5% increase in 2026, a 5.1% increase in 2027, and a 4.9% increase in 2028. This continuous growth leads to a CAGR of 5.28% over the five-year period from 2023 to 2028.
Future trends to watch for:
- The impact of technological advancements and automation in truck manufacturing.
- Regulatory changes and their influence on production capacities.
- Shifts in demand due to economic conditions and the global supply chain.
- The growing focus on sustainable and electric trucks among manufacturers and consumers.
