UAE economic modernisation drives growth in truck market
- Date: 14-Feb-2023
- Source: Consultancy ME
- Sector:Financial Services
- Country:UAE
UAE economic modernisation drives growth in truck market
After years of slow growth, the UAE’s truck market is set for a shift in gear in the coming years, buoyed by public investment in infrastructure and logistics, according to new research by Glasgow Research & Consulting.
In the UAE, the market for trucks is dominated by pickups, light-duty, and medium trucks. The three Emirates of Dubai, Abu Dhabi and Sharjah account for more than 70% of all revenues booked in the commercial trucks market, on the back of their economic development and large-scale construction activities.
Sectors like manufacturing, construction, retail, and transportation are the major applications of the truck market. The heavy-duty truck segment is much smaller. These types of trucks typically have a gross vehicle weight of around 16 tons and more, and are used in select sectors such as waste management as dump trucks.