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© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved
Western Europe Heavy Ground Transportation Vehicles Market
Size, Segments, Emerging Technologies and Market Growth by
Forecast to 2030
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© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved
In 2021, the Western European heavy ground transportation vehicles market valued $155.4
billion, which is expected to increase to $271.5 billion by 2030, at a 6.4% CAGR.
A lot of people from bordering countries come to France to explore its iconic monuments,
taste its fine wines, wander in its beautiful countryside, and partake in its haute cuisine,
thereby driving the demand for transit buses in Western Europe at a high rate. Although the
bus market in the region is small presently, it offers lucrative opportunities to OEMs,
component providers, and aftermarket firms, especially with the advent of autonomous and
electric buses. Hence, seeing the potential increase in the demand for buses and trucks in
Central and Western Europe, automakers have started launching new models with advanced
technologies, to suit various industrial and commercial purposes.
On the other hand, the Central European heavy ground transportation vehicles market
revenue is predicted to witness a CAGR of 5.0%, to grow from $42.9 billion in 2021 to $66.6
billion by 2030.
A key driver for truck sales in the central part of the continent is, therefore, a massive increase
in domestic and cross-border trade. For instance, Poland extensively trades with neighboring
countries, including Germany, the U.K., the Czech Republic, France, and Italy, which is why
the demand for trucks here is rather high. To cater to the rising demand for freight
transportation, OEMs are introducing new technologies in trucks, such as autonomous driving,
electric propulsion, and au