Electrically Powered Trucks Market Size Value Per Capita in Malaysia

The Electrically Powered Trucks Market Size Value Per Capita in Malaysia has seen various fluctuations between 2012 and 2022. The data shows a marked decline from 2012 (0.13) through 2017 (0.084), with minor rebounds in certain years like 2018 (0.092). From 2019 (0.086) to 2022 (0.076), the market value remained relatively stable but generally lower compared to earlier years. In 2023, the value per capita stood at a low point, reflecting a decrease in consumer adoption or economic factors influencing the market.

Year-on-year variations over the last two years indicate minimal change, approximately 0% from 2021 to 2022. Conversely, the average variation per year over the last five years (CAGR) is negative, highlighting a declining trend in the overall market during this period.

Future trends to watch for include advancements in battery technology, reduction in production costs, and supportive government policies which may foster new growth. Additionally, increasing environmental concerns and sustainable logistics practices are likely to generate renewed interest and market expansion for electrically powered trucks in the region.