Truck export market trend analysis: Growth and challenges coexist

In the context of the global economic recovery, the truck export market has shown strong growth momentum. According to the latest data, the global heavy duty truck market is expected to reach $60 billion in 2023, with demand in Africa and Central Asia growing by more than 15%. Especially in Africa, the demand for heavy trucks is expected to increase by 20% due to the expansion of infrastructure construction and logistics industry.

 

At the same time, technological advances and the push of environmental regulations have also prompted manufacturers to adapt their products to meet market demand. According to industry analysis, the market share of electric trucks is expected to reach 10% in 2024.

 

However, the market is also facing many challenges, including supply chain disruptions and rising raw material prices, which require exporters to continuously optimize supply chain management to remain competitive. In the future, with deepening regional cooperation and increasing investment, the truck export market is expected to usher in new opportunities.