The ownership of goods road motor vehicles in Germany is projected to increase steadily from 2024 to 2028. Starting at 64.68 units per thousand persons in 2024, ownership is forecasted to rise to 68.44 by 2028. This reflects a year-on-year growth trend of approximately 1.5% to 1.6% annually, suggesting a consistent increase in demand. The five-year compound annual growth rate (CAGR) paints a similarly upward picture, indicating steady market expansion driven by factors like increased logistics activities and economic growth.
Future trends to watch for include the impact of sustainability initiatives and electric vehicle adoption on the logistics industry. Enhanced governmental policies supporting greener vehicles could influence ownership rates, as well as changing consumer preferences towards eco-friendly transportation solutions.
