Market Overview:
The global multifunctional truck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for multifunctional trucks in various applications such as firefighting, cargo freight, and clean-up operations. North America is expected to lead the global multifunctional truck market in terms of revenue during the forecast period. Asia Pacific is projected to be the fastest-growing region in terms of CAGR during the forecast period owing to rising industrialization and urbanization in countries such as China and India.
Product Definition:
A multifunctional truck is a vehicle that can be used for different purposes, such as transporting goods, personnel or equipment. Multifunctional trucks are important because they can save time and money by performing multiple tasks. They are also versatile and can be used in a variety of settings.
Rubbish Truck:
Rubbish truck is a vehicle that is used to transport waste from one place to another. It can be used for the collection and removal of construction debris, furniture, equipment and materials from one location to another. The garbage or scrap vehicles are designed with large tires in order to roll over the rough terrain easily. They are usually equipped with hydraulic rams for breaking down doors at both ends of the vehicle in order to load or unload waste material easily.
Fire Truck:
The fire truck is a vehicle designed primarily for fighting fires. They are equipped with water tanks to put out the fire and also have equipment such as ladders and tools to attack the fire from above or below. The basic function of a fire engine includes transporting people and goods to the site of an incident, providing medical aid where needed, removing casualties from the scene, securing property damage, and bringing water for putting out fires.
Application Insights:
The global multifunctional trucks market has been segmented on the basis of application into fire-fighting, cargo freight, clean and others. The fire-fighting segment held a major share in 2017 owing to increasing demand for such vehicles from various governments across the world. Moreover, growing concerns over property damage and loss of life due to bushfires have led to an increased number of vehicles being deployed for fire-related operations.
Cargo freight is expected to be the fastest growing application over the forecast period owing to rising demand from various industries including mining, construction and manufacturing among others. Growing investments in developing countries such as China India Japan Australia are likely further boost industry growth during 2018 - 2030 period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for fire trucks, which are multifunctional vehicles that can perform a variety of tasks including fighting fires. Moreover, rising investments by governments in developing countries such as India and China are likely to boost product demand over the next eight years.
North America accounted for a significant share of revenue in 2017 owing to high demand from U.S., Canada, and Mexico cities having large number of emergency services personnel along with stringent government regulations regarding use of non-fire engine vehicles during emergencies is expected to drive regional growth over next eight years.
Growth Factors:
- Increasing demand for multifunctional trucks from the logistics and transportation sector due to the growth of e-commerce.
- Rising demand for lightweight and fuel-efficient trucks in developed countries to meet stringent emission norms.
- Proliferation of innovative technologies such as platooning, which can improve the efficiency and safety of truck transport operations.
- Growing popularity of electric vehicles, which is expected to boost demand for hybrid and electric variants of multifunctional trucks in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multifunctional Truck Market Research Report
By Type
Rubbish Truck, Fire Truck, Sweeper, Others
By Application
Fire Fighting, Cargo Freight, Clean, Others
By Companies
Daimler AG, Bucher Industries, AB Volvo, AEBI Schmidt Holding AG, Rosenbauer International AG, Oshkosh Corporation, Dover Corporation, Nilflisk Group, Global Environmental Products, Magirus GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Multifunctional Truck Market Report Segments:
The global Multifunctional Truck market is segmented on the basis of:
Types
Rubbish Truck, Fire Truck, Sweeper, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fire Fighting, Cargo Freight, Clean, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daimler AG
- Bucher Industries
- AB Volvo
- AEBI Schmidt Holding AG
- Rosenbauer International AG
- Oshkosh Corporation
- Dover Corporation
- Nilflisk Group
- Global Environmental Products
- Magirus GmbH
Highlights of The Multifunctional Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rubbish Truck
- Fire Truck
- Sweeper
- Others
- By Application:
- Fire Fighting
- Cargo Freight
- Clean
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multifunctional Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A multifunctional truck is a commercial vehicle that has been designed to do more than one job. This can include things like being able to transport goods, passengers, or both. They are also often equipped with features that make them easier to operate and manage, such as advanced navigation systems and automated driving capabilities.
Some of the major companies in the multifunctional truck market are Daimler AG, Bucher Industries, AB Volvo, AEBI Schmidt Holding AG, Rosenbauer International AG, Oshkosh Corporation, Dover Corporation, Nilflisk Group, Global Environmental Products, Magirus GmbH.
The multifunctional truck market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multifunctional Truck Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Multifunctional Truck Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multifunctional Truck Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Multifunctional Truck Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Multifunctional Truck Market Size & Forecast, 2020-2028
4.5.1 Multifunctional Truck Market Size and Y-o-Y Growth
4.5.2 Multifunctional Truck Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rubbish Truck
5.2.2 Fire Truck
5.2.3 Sweeper
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fire Fighting
6.2.2 Cargo Freight
6.2.3 Clean
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multifunctional Truck Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multifunctional Truck Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rubbish Truck
9.6.2 Fire Truck
9.6.3 Sweeper
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fire Fighting
9.10.2 Cargo Freight
9.10.3 Clean
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rubbish Truck
10.6.2 Fire Truck
10.6.3 Sweeper
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fire Fighting
10.10.2 Cargo Freight
10.10.3 Clean
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rubbish Truck
11.6.2 Fire Truck
11.6.3 Sweeper
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fire Fighting
11.10.2 Cargo Freight
11.10.3 Clean
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rubbish Truck
12.6.2 Fire Truck
12.6.3 Sweeper
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fire Fighting
12.10.2 Cargo Freight
12.10.3 Clean
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rubbish Truck
13.6.2 Fire Truck
13.6.3 Sweeper
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fire Fighting
13.10.2 Cargo Freight
13.10.3 Clean
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multifunctional Truck Market: Competitive Dashboard
14.2 Global Multifunctional Truck Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daimler AG
14.3.2 Bucher Industries
14.3.3 AB Volvo
14.3.4 AEBI Schmidt Holding AG
14.3.5 Rosenbauer International AG
14.3.6 Oshkosh Corporation
14.3.7 Dover Corporation
14.3.8 Nilflisk Group
14.3.9 Global Environmental Products
14.3.10 Magirus GmbH
