Forecast: Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value in Chile

In 2023, the market for diesel trucks weighing 5-20 tonnes in Chile reached a value of $1,168.1 million. Over the last two years, the market has shown significant year-on-year variations, with an increase of 6.5% in 2022 and a modest rise of 1.13% in 2023. Looking at the compounded annual growth rate (CAGR) over the previous five years, the market has grown at an average rate of 0.4% annually from 2018 to 2023.

From 2024 onward, the market is expected to continue to grow steadily. The forecast predicts that by 2028, the market value will reach $1,233.2 million, driven by a forecasted five-year CAGR of 0.91% and a total growth rate of 4.64% over the forecasted period.

Future trends to watch for include technological advancements in diesel engine efficiency, governmental policies on emissions, and market shifts towards alternative energy trucks, which may lead to significant changes in the demand for diesel trucks in the medium to long term.