Central European Heavy Ground Transportation Vehicles Market Overview

In 2021, the Central European heavy ground transportation vehicles market was worth $42.9 billion, which is set to grow to $66.6 billion by 2030, at a CAGR of 5.0% from 2021 to 2030. The market is being driven by the growth in commercial activities and rise in the rate of urbanization, which are boosting the demand for the transportation of freight and people. Moreover, technological advancements, most prominently those in the propulsion, are making these vehicles increasingly popular.

Trade necessitates effective goods transportation, which enhances the Central European heavy ground transportation vehicles market growth potential. Regional countries have several trade agreements with each other, which necessitates efficient transportation. For instance, Austria’s key exports include specialized industrial power machinery, medicines, glassware, machinery, and foodstuffs typically through ground transportation to Germany, France, Italy, and Switzerland. This has been driving the demand for light- and heavy-duty trucks, thereby fueling the growth of the market.

Central European Heavy Ground Transportation Vehicles Market Size

Additionally, trucks have dominated the European heavy ground transportation vehicles market in both its western and central parts, as they are essential for trade. In this regard, the rapid industrialization and urbanization are the major reasons behind the growing demand for heavy land transportation vehicles in Western and Central Europe, as they are driving an increase in the population and construction, industrial, and trading activities. Trucks not only help in the transportation of finished goods across borders, but also for bringing material to and from construction, mining, industrial, and many other sites.

Thus, with the construction and industrial boom in the region, the demand for trucks for various purposes is burgeoning. However, these activities lead to a rise in the emission of GHGs, which is why governments in the region are implementing stringent emission control laws and launching initiatives to boost the shift to alternative fuels. This is why while conventional buses and trucks currently dominate the European heavy ground transportation vehicles market, in the coming years, the sale of electric variants will rise fast.

This study covers

• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings

Central European Heavy Ground Transportation Vehicles Market Share

Because of the increasing focus on electric transmission, truck sales account for largest share, in terms of revenue, in Central Europe. Regional nations are attempting to minimize greenhouse gas emissions, particularly from road traffic, as well as their reliance on oil. Mercedes-Benz and AB Volvo Group AG, for example, are increasing their R&D investment in order to develop transportation for futuristic cities. Autonomous driving, e-mobility, and connected cars will result in roads that are cleaner, quieter, and safer, which would be imperative for megacities built around the ideas of higher convenience and sustainability.

In 2021, LCV trucks had the largest revenue share in the Central European heavy ground transportation vehicles market for trucks, of over 80%. During the projection period (2022–2030), this category is also predicted to increase faster. Light trucks have gained wide popularity, especially among small and medium-sized businesses, because of their lower cost. Furthermore, throughout the forecast period, the increasing demand for last-mile e-commerce deliveries is likely to propel this advance of this category in this region.

Central European Heavy Ground Transportation Vehicles Market Demand

In the Central European heavy ground transportation vehicles market for trucks, Poland generates the highest revenue. Poland is the biggest consumer marketplace in Central Europe, as well as one of the largest economies in the EU. In 2019, Poland’s imports and exports both were worth more than $340 billion. Germany, Italy, the U.K., and France, are among Poland’s main export partners in terms of value. The rising volume of trade drives the sale of trucks; similarly, the growing business opportunities for the people of neighboring countries propels the demand for buses.

The bus market in Central Europe is relatively small; as a result, OEMs have a lot of potential here. The region’s bus sales are mostly driven by the growing demand for public transportation. Furthermore, throughout the forecast period, the Central European bus market is expected to benefit from the rising procurement of eco-friendly buses, especially those driven by electric motors and batteries, and government measures to boost public transit.

Central European Heavy Ground Transportation Vehicles Market Competitive Edge

To obtain a competitive edge, companies in the Central European heavy ground transportation vehicles market have been releasing new products and forming strategic alliances and collaborations. For example, to accomplish comprehensive decarbonization of the transportation sector, Daimler Truck AG, AB Volvo, IVECO, Shell PLC, and OMV Group work partnered to launch H2Accelerate zero-emission hydrogen vehicles in Europe in December 2020. This is in tune with regional countries’ strong efforts to meet the climate neutrality targets decided by the Paris Agreement.

Hence, the rise in trade activities advances the growth of the Central European market.

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Above all,most importantly,
certainly,That is to say,
in other words,to clarify,
Therefore,as a result,
so,consequently,
In conclusion,to sum up,
in short

Above all,most importantly,
certainly,That is to say,
in other words,to clarify,
Therefore,as a result,
so,consequently,
In conclusion,to sum up,
in short