European new registrations of road tractors saw varying growth across countries in 2023, with notable leaders being Germany (41.82k), France (32.9k), and Spain (22.16k). Germany experienced a 1.55% increase, while France and Spain saw higher annual increases of 1.91% and 4.31%, respectively. Italy, Hungary, and Lithuania also showed positive trends, with Italy at 3.39%, Hungary at 2.79%, and Lithuania at 2.31% growth. Romania was the only major market to report a decrease, falling by 1.26%.
Other countries reflecting significant growth include Slovenia (4.37%), Croatia (4.04%), and Ireland (4.2%). Smaller markets like Liechtenstein and Moldova demonstrated exceptionally high growth rates at 5.92% and 8.45%, respectively, despite their smaller base numbers. Denmark, Latvia, and Norway posted relatively modest increases of 0.79%, 0.24%, and 1.78%, respectively.
Future trends to watch in the European new registrations of road tractors include technological advancements in transportation, environmental regulations pushing for cleaner emissions, and economic factors impacting transport needs. Continued growth is expected, although it may vary significantly by country based on local market conditions and regulatory environments.
Top countries in New Registrations of Road Tractors by Country
| # | 10 Countries | Units (Registrations) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41,820 | 2023 | +1.51% | +1.55% | View data |
| 2 | 2 France | 32,900 | 2023 | +2.12% | +1.91% | View data |
| 3 | 3 Spain | 22,160 | 2023 | +2.9% | +4.31% | View data |
| 4 | 4 Italy | 15,900 | 2023 | +3.54% | +3.39% | View data |
| 5 | 5 Hungary | 10,680 | 2023 | +2.47% | +2.79% | View data |
| 6 | 6 Lithuania | 8,980 | 2023 | +3.32% | +2.31% | View data |
| 7 | 7 Belgium | 7,490 | 2023 | +2.76% | +2.48% | View data |
| 8 | 8 Bulgaria | 6,560 | 2023 | +1.48% | +2.45% | View data |
| 9 | 9 Portugal | 5,970 | 2023 | +1.93% | +3.4% | View data |
| 10 | 10 Romania | 5,470 | 2023 | -0.85% | -1.26% | View data |
