Market Insights Mobility Commercial Vehicles

Trucks - Netherlands

Netherlands

The Trucks market in the Netherlands is projected to reach 17.43k vehicles unit sales by 2024.
It is expected to experience a compound annual rate of 2.59% (CAGR 2024-2030), resulting in a projected market volume of 20.32k vehicles units by 2030.
This growth potential is reflected in the expected production of 113.20k vehicles Trucks market in the Netherlands by 2030.
From an international standpoint, it is evident that in China will dominate the sales with 3,741.00k vehicles units in 2024.
The Netherlands is experiencing a surge in the demand for electric trucks, driven by government incentives and a growing focus on sustainability in the commercial vehicles market.

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Analyst Opinion

The Trucks market in Netherlands has been experiencing significant growth in recent years. Customer preferences in the Netherlands Trucks market are shifting towards more environmentally friendly and fuel-efficient vehicles.

With increasing concerns about climate change and the need to reduce carbon emissions, customers are opting for trucks that are equipped with advanced technologies such as hybrid or electric engines. Additionally, customers are also looking for trucks that offer improved safety features and enhanced driver comfort. One of the key trends in the Netherlands Trucks market is the increasing demand for electric trucks.

The government has implemented strict regulations to reduce carbon emissions and promote the use of electric vehicles. As a result, many truck manufacturers are investing in the development of electric trucks to cater to this growing demand. The availability of charging infrastructure and government incentives for electric vehicle adoption have also contributed to the increasing popularity of electric trucks in the Netherlands.

Another trend in the market is the rise of e-commerce and online shopping, which has led to an increased demand for last-mile delivery trucks. With the growth of online retail, there is a need for efficient and reliable trucks to transport goods from distribution centers to customers' doorsteps. This has created opportunities for truck manufacturers to develop specialized last-mile delivery trucks that are compact, agile, and equipped with advanced tracking and navigation systems.

The Netherlands has a unique set of local special circumstances that impact the Trucks market. The country is known for its extensive network of waterways and ports, which play a crucial role in the transportation of goods. As a result, there is a high demand for trucks that can transport goods efficiently between ports and inland distribution centers.

Truck manufacturers in the Netherlands have capitalized on this demand by developing trucks that are specifically designed for intermodal transportation. Additionally, the Netherlands has a well-developed infrastructure and a strategic location within Europe, making it a hub for international trade and logistics. This has led to an increased demand for trucks that can handle long-distance transportation and cross-border operations.

Truck manufacturers in the Netherlands have responded to this demand by developing trucks with larger cargo capacities, advanced navigation systems, and improved fuel efficiency. Underlying macroeconomic factors also contribute to the growth of the Trucks market in the Netherlands. The country has a strong economy and a stable business environment, which encourages investment in the transportation sector.

The Netherlands is also known for its efficient logistics industry, which further drives the demand for trucks. Additionally, the government's focus on sustainable development and its support for the adoption of electric vehicles have created a favorable market environment for truck manufacturers. In conclusion, the Trucks market in the Netherlands is experiencing growth due to customer preferences for environmentally friendly and fuel-efficient vehicles, the increasing demand for electric trucks, the rise of e-commerce and last-mile delivery, local special circumstances such as the country's extensive waterways and ports, and underlying macroeconomic factors such as a strong economy and government support for sustainable development.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on unit sales and production of trucks.

Modeling approach:

Market sizes are determined through a combined Top-Down and bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as consumer spending per capita on transportation and consumer price index for purchase of vehicles. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, linear regression, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.