Research by Upply on the European market for industrial vehicles with a total mass exceeding 3.5 tons indicates that in 2023 registrations increased by 15.7%, exceeding the 300,000 unit mark for the first time since the onset of the Covid-19 pandemic in 2019. It's important to note, however, that last year saw the catch-up of delivery delays for new vehicles caused by the pandemic in the two preceding years.
The best performance was recorded in the two main European markets, Germany and France, while another significant market, Poland, exhibited the lowest growth rate in all of Europe. Spain and Italy also showed positive trends. Diesel remains the predominant engine type, accounting for 95.7% of registrations and experiencing a 15.8% increase from the previous year.
Electric vehicles surpassed 5,000 registrations (5,361) with an annual increase of 234%. 60% of these sales occurred in Germany and the Netherlands. In 2023, electric vehicles achieved a 1.5% market share, compared to 0.8% the previous year.
In terms of weight, the majority of registrations (77%) involved industrial vehicles with a total mass exceeding 16 tons. In 2023, 266,879 units were registered, marking a 14.7% increase from the previous year. In this category, Poland showed a decline, while all other countries experienced growth.
