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Last edited 09 Nov 2023

Western Europe Heavy Ground Transportation Vehicles Market

The Western Europe heavy ground transportation vehicles industry by 2030, will be valued at USD 271.5 billion, mainly because of automotive technology developments, rapid urbanisation, and commercial activity development.

In 2020, in Europe, only 1% of new registrations were for zero carbon release heavy-duty vehicles (HDVs). Around 95% were battery-powered, and fuel-cell electric types of machinery were only marginally existing.

Road cargo transport is the backbone of trade and business in the Western European region.

Trucks bring 78% of all cargo transported over land in the European continent.
Trucks are part of a logistics chain that also includes inland waterways, shipping rail, and air transport. While distinctly, each has its benefits, together they form an integrated system.
The other transportation methods are also reliant on trucks to transfer cargo to and from ports, rail terminals, depots, and airfields.
Not only are trucks the most responsive economical and, flexible, mode of transportation for some goods and cargo, they are also vital to the working of the larger, combined European logistics and transportation system.
Most of our daily requirements, including fresh food from the hypermarket or corner shop, clothing, electronics and appliances, and so on, rely on trucks at some point in the delivery chain.
Several vital public services are transported by trucks, including rubbish collection, construction, and fire services.

In 2021, France held the largest revenue share, of approximately 30%, in the Western European bus market.
Therefore, travellers and daily commuters are the major factors behind the development of the bus industry in the country. Furthermore, the government encourages the manufacturing of EVs and the setup of the needed charging infrastructure, in order to boost the acceptance of electric mobility in the nation.

As trade activities surge in the region, the need for trucks will increase. Trade needs effective goods transport solutions, which increases the development of the truck industry in Western Europe. Furthermore, the industry is supported by trade agreements between neighbouring nations.