The alternative energy road tractor market in Italy has shown significant growth over the past decade, increasing from 146 units in 2013 to 4300 units in 2023. The most rapid growth was between 2017 and 2018, with a year-on-year increase of 91.76%. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was 26.97%, highlighting strong market expansion. Over the last two years, growth has moderated to a year-on-year increase of 12.98% in 2022 and 11.36% in 2023.
Future trends to watch for:
- The forecasted CAGR of 6.3% from 2023 to 2028 suggests a stabilization of growth.
- Innovations in battery technology and infrastructure development will be critical to sustaining market momentum.
- Government policies and incentives for green transport are likely to continue playing a pivotal role.
