The diesel truck market (weighing 5-20 tonnes) in Sweden showed a steady decline from 2013 to 2023, with the value standing at $388.85 million in 2023. The market experienced significant fluctuations, with notable year-on-year decreases, except for brief recoveries in 2016 (1.76%) and 2018 (8.91%). The compound annual growth rate (CAGR) over the last five years leading up to 2023 was -4.09%. Forecast data from 2024 onward suggests a continued downward trend, with a five-year CAGR projected at -2.92% and an overall decline of 13.79% by 2028.
Future trends to watch for include:
- Increased regulatory pressures and environmental concerns leading to a shift towards alternative fuel vehicles.
- Technological advancements in electric and hybrid truck models.
- Potential economic factors influencing market dynamics.
- Continued emphasis on sustainability within the transportation sector.