The Brazilian trucks market exhibited fluctuations from 2012 to 2022. In 2022, the market value stood at 23.119 billion USD, reflecting a modest increase of 3.67% year-on-year, following a significant growth of 12.72% in 2021. However, the five-year compounded annual growth rate (CAGR) from 2018 to 2022 was negative at -2.76%, indicating a declining trend overall.
From a broader perspective, the market experienced initial growth in the early 2010s, reaching a peak in 2013, before entering a prolonged period of decline, only rebounding slightly in the last two years under review.
Future trends to watch for:
- Technological advancements, including electric and autonomous trucks, could drive future growth.
- Government policies and incentives promoting green transportation might influence the market dynamics.
- Economic conditions and infrastructure developments will remain crucial factors impacting market growth.
| # | 31 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 35,368,000,000 | 2023 | +1.82% | +0.71% | View data |
| 2 | 2 United Kingdom | 31,707,000,000 | 2023 | +1.38% | +1.29% | View data |
| 3 | 3 Brazil | 22,772,000,000 | 2023 | -1.5% | -2.03% | |
| 4 | 4 Japan | 19,967,000,000 | 2023 | -3.63% | -4.09% | View data |
| 5 | 5 Italy | 17,159,000,000 | 2023 | +0.39% | -0.99% | View data |
Latest reports
US Automotive Market Report- Q1 2025
The US automotive market in Q1 2025 is characterized by significant shifts towards electrification, with electric vehicles (EVs) gaining substantial market share. This...
China Automotive Market Report- Q1 2025
The first quarter of 2025 marked a dynamic period for China's automotive market, characterized by significant advancements in electric vehicles (EVs), connected cars,...
Japan Automotive Market Report- Q1 2025
In Q1 2025, Japan's automotive market experienced significant shifts driven by technological advancements, regulatory changes, and evolving consumer preferences. The quarter showcased robust...
Germany Automotive Market Report- Q1 2025
The first quarter of 2025 for the automotive industry in Germany has been marked by significant shifts in market dynamics, regulatory pressures, and...
India Automotive Market Report- Q1 2025
The Indian automotive market in Q1 2025 is characterized by dynamic shifts, primarily driven by the growth of the electric vehicle (EV) segment,...
UK Automotive Market Report- Q1 2025
The UK automotive market in Q1 2025 faces a complex landscape of challenges and opportunities. The sector is navigating significant shifts driven by...
France Automotive Market Report- Q1 2025
The first quarter of 2025 has been pivotal for the French automotive industry, marked by significant shifts towards electric vehicles, regulatory changes, and...
Canada Automotive Market Report- Q1 2025
The Canadian automotive market in Q1 2025 is at a crossroads, influenced by a complex interplay of trade policies, economic conditions, and evolving...
Brazil Automotive Market Report- Q1 2025
In the first quarter of 2025, Brazil's automotive market continues to demonstrate resilience and adaptation amidst economic challenges. Despite high inflation and interest...
Italy Automotive Market Report- Q1 2025
The Italian automotive sector in Q1 2025 is navigating a period of transformative change, marked by significant challenges and emerging opportunities. This report...
