Forecast: Number of Road Tractors at Least 20 Years Old in Spain

The historical data indicates that in 2023, the number of road tractors at least 20 years old in Spain stood at a figure before the forecasted period. From 2024 to 2028, there is a consistent increase in the number of these older road tractors. Notably, the year-on-year variation shows steady annual growth, with the values rising from 27.98 thousand in 2024 to 30.19 thousand in 2028. The Compound Annual Growth Rate (CAGR) over these five years is indicative of a gradual but persistent upward trend.

Future trends to watch for might include:

  • Impact of emissions regulations on the viability of older road tractors.
  • Possible government incentives for scrapping older vehicles and adopting newer, more efficient models.
  • Evolving market dynamics in the logistic and transport sector that could influence the operational lifespan of road tractors.
  • Technological advancements and maintenance improvements which may prolong the usability of aging road tractors.

Top Countries about Tractor