In 2023, Poland and Germany lead the European market in the number of road tractors at most 2 years old, with values of 80.6 and 80.16 thousand units respectively. Spain, Italy, and the Netherlands follow at a considerable distance. Noteworthy growths include Romania and Lithuania with high year-on-year increases of 6.11% and 4.4% respectively. Countries like Switzerland and Sweden exhibit moderate growth, while the Czech Republic and Malta show slight negative trends.
Future trends to watch for include potential market consolidations in high-growth regions such as Romania and Poland. Advancements in vehicle technology and environmental regulations could drive significant variations in market dynamics, favoring countries with faster adoption of new technologies and higher replacement rates of older tractors.
Top countries in Number of Road Tractors at Most 2 Years Old by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 80,600 | 2023 | +3.85% | +3.85% | View data |
| 2 | 2 Germany | 80,160 | 2023 | +1.89% | +2.06% | View data |
| 3 | 3 Spain | 35,250 | 2023 | +1.46% | +1.8% | View data |
| 4 | 4 Italy | 31,850 | 2023 | +3.56% | +3.33% | View data |
| 5 | 5 Netherlands | 31,230 | 2023 | +3.08% | +3.36% | View data |
| 6 | 6 Hungary | 22,750 | 2023 | +3.45% | +4.04% | View data |
| 7 | 7 Romania | 16,440 | 2023 | +4.24% | +6.11% | View data |
| 8 | 8 Lithuania | 15,740 | 2023 | +4.8% | +4.4% | View data |
| 9 | 9 Belgium | 14,840 | 2023 | +1.88% | +1.16% | View data |
| 10 | 10 Portugal | 9,860 | 2023 | +3.21% | +4% | View data |
