The market size value for diesel trucks weighing 5-20 tonnes in Australia has fluctuated significantly from 2012 to 2022. The market saw a steady increase in growth from 2012 to 2014, with a notable year-on-year increase of roughly 3%. However, 2015 marked a sharp decline of nearly 15%, followed by a partial recovery in 2016 and 2017 with growth of 8.76% and 11.26%, respectively. From 2018 onwards, the market experienced a downward trend, with year-on-year decreases reaching up to 10.8% in 2019 and continuing to decline to 2021. By 2022, a marginal recovery was seen, with a 3.24% increase. The last five years yielded a negative CAGR of -6.15%, highlighting the overall decline in market value.
Future trends to watch for:
- The impact of regulatory changes on diesel emissions and fuel standards.
- Advancements in electric and alternative fuel truck technologies as potential market disruptors.
- Economic factors influencing infrastructure projects and transportation demands.
How does Australia rank in Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value?
| # | 22 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 35,532,000,000 | 2023 | +1.2% | +1.53% | View data |
| 2 | 2 France | 5,648,000,000 | 2023 | +2.03% | +2.65% | View data |
| 3 | 3 Italy | 3,427,300,000 | 2023 | +1.75% | +1.73% | View data |
| 4 | 4 Germany | 2,457,600,000 | 2023 | -3.76% | -3.63% | View data |
| 5 | 5 Australia | 2,171,900,000 | 2023 | -0.058% | -1.62% | |
| 6 | 6 Chile | 1,168,100,000 | 2023 | +1.13% | +0.4% | View data |
| 7 | 7 Austria | 477,810,000 | 2023 | -0.39% | +0.13% | View data |
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