The market for diesel trucks weighing 5-20 tonnes in Austria experienced significant fluctuations from 2012 to 2022. The market value peaked in 2014 at $576.92 million, reflecting a notable year-on-year growth of 18.15%, but later saw a decline and volatility. Between 2017 and 2022, the market showed a mixed trend, with a significant drop in 2020, followed by a modest recovery in subsequent years, ending with a 4.84% increase in 2022. The Compound Annual Growth Rate (CAGR) over the last five years stands at -1.27%, indicating an overall contraction.
Future trends to watch for:
- Market stabilization post-2022 with potential recovery driven by economic normalization.
- Impact of policy changes promoting emission reductions, affecting diesel truck demand.
- Technological advancements and shift towards eco-friendly alternatives, influencing market dynamics.
How does Austria 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% | View data |
| 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% | |
| 8 | 8 Denmark | 425,710,000 | 2023 | -0.77% | -1% | View data |
| 9 | 9 Switzerland | 414,230,000 | 2023 | +0.23% | -0.25% | View data |
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