Truck Market Overview in Italy
In value terms, truck production reduced to $ in 2019 estimated in export prices. Overall, production saw a deep contraction. The growth pace was the most rapid in 2013 with an increase of % year-to-year. Truck production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
The revenue of the truck market in Italy soared to $ in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the market value increased by % y-o-y. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in the near future.