Growth Factors of Utility Truck Market
The Utility Truck Market size was valued at USD 47.22 billion in 2018 and is projected treach USD 163.0 billion by 2032, exhibiting a CAGR of 10.0% during the forecast period of 2024-2032.
The COVID-19 pandemic notably disrupted the software program truck market because of deliver chain interruptions, body of people shortages, and decreased commercial enterprise activities. Lockdowns and excursion guidelines behind schedule advent and alertness projects, main ta decline in call for. However, as economies reopened, the marketplace rebounded, driven by way of accelerated investment in infrastructure improvement and public utilities. The shift in the direction of digitalization and e-commerce at some stage in the pandemic additionally highlighted the want for green logistics, boosting demand for software cars in transport services. Additionally, government stimulus programs and infrastructure-centered healing plans have played a key role in stabilizing and revitalizing the marketplace.
The electrification of utility trucks is emerging as a major fashion, driven by using the worldwide shift in the direction of sustainability and stricter emissions rules. Manufacturers are introducing electric powered-powered software trucks tfulfill the developing call for for environmentally friendly and charge-powerful solutions. These vans offer reduced going for walks fees, lower emissions, and compliance with authorities initiatives promoting easy energy. Technological improvements in battery overall performance and rapid-charging infrastructure are further accelerating the adoption of electrical utility vehicles, specially in city regions. Companies are leveraging this fashion talign with corporate sustainability dreams and cater tenvironmentally aware customers.
The developing cognizance on infrastructure development globally is a key using force for the software program truck marketplace. Governments and private sectors are making an investment closely in urbanization, smart metropolis responsibilities, and renewable energy installations, all of which require specialized software program vans for advent, upkeep, and cloth transportation. Additionally, the upward thrust in software services which include strength, water, and telecommunications is fueling the demand for flexible vehicles thelp the ones industries. The adoption of advanced technologies like telematics in utility vans enhances overall performance, further using marketplace increase as industries prioritize operational effectiveness.
Comprehensive Analysis of Utility Truck Market
The Utility Truck Market growth is rising at an exponential rate due tits marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated By truct type, by engine type. By Truck Type include Garbage Truck, Fire Truck ,Dump Truck, Sweeper Truck, Others. By Engine Type include ICE (Diesel, Gasoline, Hybrid, CNG), Electric.
The North America region lead the Utility Truck Market share by benefitting a market size of USD 18,085 million The market in the region dominated garbage trucks. Rapid growth in manufacturing the utility vehicles and rising amount of waste generated by the area and increasing government initiatives for clean hand whole country is expected tpropel the utility truck market growth during the forecast period at a significant CAGR. .
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, EksBionics, Vuzix,these market players provide a level-playing competitive landscape.
2018 - DAF introduced the CF and LF electric trucks and the XF and CF hybrid trucks in 2018; Peterbilt developed the Model 579, Model 520, and Model 220 electric trucks, and Kenworth unveiled a T680 hybrid truck and twT680 hydrogen fuel cell models.
.
Segmentation Table
ATTRIBUTE DETAILS
Study Period - 2015-2026
Base Year - 2018
Forecast Period - 2019-2026
Historical Period - 2015-2017
Unit - Value (USD Billion) & Volume (Thousand units)
Segmentation By Truck Type
- Garbage Truck
- Fire Truck
- Dump Truck
- Sweeper Truck
- Others
- ICE (Diesel, Gasoline, Hybrid, CNG)
- Electric
- • North America (USA, Canada, and Mexico
- • Europe (Germany, France, U.K., and Rest of Europe
- • Asia Pacific (Japan, China, India, South Korea, and Res
- ofAsia Pacific
- • Rest of the World
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Merger, Acquisitions, and Partnerships
- 4.2. Distributor Analysis – For Major Players
- 4.3. Growth and Penetration Analysis
- 4.4. Porter’s Five Forces Analysis
- 4.5. PEST Analysis
- 4.6. Vendor Landscape
- 5. Global Utility Truck Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Truck Type
- 5.2.1. Garbage Truck
- 5.2.2. Fire Truck
- 5.2.3. Dump Truck
- 5.2.4. Sweeper Truck
- 5.2.5. Other
- 5.3. Market Analysis, Insights and Forecast – By Engine Type
- 5.3.1. ICE
- 5.3.2. Electric
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia pacific
- 5.4.4. Rest of the World
- 6. North America Utility Truck Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Truck Type
- 6.2.1. Garbage Truck
- 6.2.2. Fire Truck
- 6.2.3. Dump Truck
- 6.2.4. Sweeper truck
- 6.2.5. Other
- 6.3. Market Analysis – By Engine Type
- 6.3.1. ICE
- 6.3.2. Electric
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.4.3. Mexico
- 7. Europe Utility Truck Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Truck Type
- 7.2.1. Garbage Truck
- 7.2.2. Fire Truck
- 7.2.3. Dump Truck
- 7.2.4. Sweeper truck
- 7.2.5. Other
- 7.3. Market Analysis – By Engine Type
- 7.3.1. ICE
- 7.3.2. Electric
- 7.4. Market Analysis – By Country
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Rest of Europe
- 8. Asia pacific Utility Truck Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Truck Type
- 8.2.1. Garbage Truck
- 8.2.2. Fire Truck
- 8.2.3. Dump Truck
- 8.2.4. Sweeper truck
- 8.2.5. Other
- 8.3. Market Analysis – By Engine Type
- 8.3.1. ICE
- 8.3.2. Electric
- 8.4. Market Analysis – By Country
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. South Korea
- 8.4.5. Rest of Asia Pacific
- 9. Rest of the World Utility Truck Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Truck Type
- 9.2.1. Garbage Truck
- 9.2.2. Fire Truck
- 9.2.3. Dump Truck
- 9.2.4. Sweeper truck
- 9.2.5. Other
- 9.3. Market Analysis – By Engine Type
- 9.3.1. ICE
- 9.3.2. Electric
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Share Analysis (2018)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & Services, SWOT Analysis, Recent Developments, Strategies, Financials (based on availability))
- 10.5.1. AB Volvo
- 10.5.1.1. Overview,
- 10.5.1.2. Products & Services,
- 10.5.1.3. SWOT Analysis,
- 10.5.1.4. Recent Developments,
- 10.5.1.5. Strategies,
- 10.5.1.6. Financials (based on availability)
- 10.5.2. BYD Motors, Inc.
- 10.5.2.1. Overview,
- 10.5.2.2. Products & Services,
- 10.5.2.3. SWOT Analysis,
- 10.5.2.4. Recent Developments,
- 10.5.2.5. Strategies,
- 10.5.2.6. Financials (based on availability)
- 10.5.3. Daimler AG
- 10.5.3.1. Overview,
- 10.5.3.2. Products & Services,
- 10.5.3.3. SWOT Analysis,
- 10.5.3.4. Recent Developments,
- 10.5.3.5. Strategies,
- 10.5.3.6. Financials (based on availability)
- 10.5.4. Rosenbauer International AG
- 10.5.4.1. Overview,
- 10.5.4.2. Products & Services,
- 10.5.4.3. SWOT Analysis,
- 10.5.4.4. Recent Developments,
- 10.5.4.5. Strategies,
- 10.5.4.6. Financials (based on availability)
- 10.5.5. Navistar
- 10.5.5.1. Overview,
- 10.5.5.2. Products & Services,
- 10.5.5.3. SWOT Analysis,
- 10.5.5.4. Recent Developments,
- 10.5.5.5. Strategies,
- 10.5.5.6. Financials (based on availability)
- 10.5.6. Paccar
- 10.5.6.1. Overview,
- 10.5.6.2. Products & Services,
- 10.5.6.3. SWOT Analysis,
- 10.5.6.4. Recent Developments,
- 10.5.6.5. Strategies,
- 10.5.6.6. Financials (based on availability)
- 10.5.7. Pierce Manufacturing, Inc.
- 10.5.7.1. Overview,
- 10.5.7.2. Products & Services,
- 10.5.7.3. SWOT Analysis,
- 10.5.7.4. Recent Developments,
- 10.5.7.5. Strategies,
- 10.5.7.6. Financials (based on availability)
- 10.5.8. Others
- 10.5.8.1. Overview,
- 10.5.8.2. Products & Services,
- 10.5.8.3. SWOT Analysis,
- 10.5.8.4. Recent Developments,
- 10.5.8.5. Strategies,
- 10.5.8.6. Financials (based on availability)
Loading...
In this report,
Search for an exact word or phrase by placing the word or phrase in quotation marks ("market trend"). Search for different versions or tenses of a word by placing an asterisk at the end of the word (pharma*).
Please note that your term must be at least three characters long and numbers will be blocked by the # sign.
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook