Market Overview:
The global utility trucks 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 electric and hybrid vehicles, rising concerns over environmental pollution, and growing investments in smart city initiatives. The garbage truck segment is expected to dominate the global utility trucks market during the forecast period, owing to the increasing demand for waste management services across the globe. The dump truck segment is also projected to grow at a high rate during the forecast period, due to increased investments in infrastructure development projects worldwide.
Product Definition:
A Utility Truck is a type of truck that is used for carrying equipment and tools. Utility Trucks are important for carrying equipment and tools to the job site.
Garbage:
The global garbage, it's usage and growth factor in utility trucks market size was valued at USD 2.5 billion in 2016. The increasing demand for waste collection services is expected to be a key factor driving the industry growth over the forecast period. Garbage removal has become an essential service for urban areas as they are no longer able to handle their solid wastes themselves owing to lack of resources and expertise.
Fire:
The fire is an essential part of the utility trucks. It helps in propelling the engine to produce energy. The truck driver can utilize this energy for operating the vehicle or he can use it to heat and cook food inside the vehicle, which is very convenient as compared to other means of cooking.
Advantages related to Fire.
Application Insights:
The application segment is segregated as an integrated circuit chip electronics (ICE), electric, and others. The utility trucks used for garbage disposal are generally of the diesel engine type while those used for cleaning streets, roads and highways are generally gasoline or hybrid electric vehicles.
The other segment includes the utility trucks used in industries such as mining, construction, etc. These types of vehicles have a more extensive use in developing countries where industrialization has taken place rapidly over the past few decades due to low cost land policies introduced by these governments which encourage foreign companies to invest there. Increasing demand from various industries including oil & gas and infrastructure development is expected to drive growth over the forecast period.
In terms of revenue, the industry dominated by North America with a share of 41% in 2017 owing to presence of major manufacturers such as GMC Sierra among others operating mainly out of U.
Regional Analysis:
The Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising investments in infrastructure development, coupled with rapid industrialization and urbanization. Rising disposable income of consumers is anticipated to fuel demand for commercial vehicles across this region.
North America also held a significant market share in 2017 owing to growing awareness regarding environment protection, stringent regulations by regulatory bodies such as U.S Environmental Protection Agency (EPA) and Canadian Environment Ministry (Canada EMM). These regulatory policies are likely to promote utility trucks usefulness across North America over the forecast period. Moreover, presence of major players such as Ford Motor Company; International Truck & Engine Corporation; Caterpillar Inc.; Komatsu Ltd.; Isuzu Motors Ltd.; Daimler AG; Mercedes-Benz Vans BV; Navistar International Corporation will further boost regional growth over the next eight years to come.
Growth Factors:
- Increasing demand for utility trucks from the construction and transportation sectors
- Growing popularity of utility trucks among small businesses and entrepreneurs
- Rising demand for customized utility trucks to meet specific requirements of end-users
- Proliferation of rental services for utility trucks to cater to short-term needs of customers
- Technological advancements that improve the performance and efficiency of utility trucks
Scope Of The Report
Report Attributes
Report Details
Report Title
Utility Trucks Market Research Report
By Type
Garbage, Fire, Dump, Sweeper
By Application
ICE (Diesel, Gasoline, Hybrid, CNG), Electric
By Companies
AB Volvo, Bucher Industries, BYD Motors, Inc., Daimler AG, Rosenbauer International AG, AEBI Schmidt Holding AG, China FAW Group Co. Ltd., China National Heavy Duty Truck Group Co., Ltd., Dongfeng Motor Group Co., Ltd., Dulevo S.p.A., AB Volvo, Global Environmental Products, Magirus GmbH, Nilflisk Group, Oshkosh Corporation
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Utility Trucks Market Report Segments:
The global Utility Trucks market is segmented on the basis of:
Types
Garbage, Fire, Dump, Sweeper
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
ICE (Diesel, Gasoline, Hybrid, CNG), Electric
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:
- AB Volvo
- Bucher Industries
- BYD Motors, Inc.
- Daimler AG
- Rosenbauer International AG
- AEBI Schmidt Holding AG
- China FAW Group Co. Ltd.
- China National Heavy Duty Truck Group Co., Ltd.
- Dongfeng Motor Group Co., Ltd.
- Dulevo S.p.A.
- AB Volvo
- Global Environmental Products
- Magirus GmbH
- Nilflisk Group
- Oshkosh Corporation
Highlights of The Utility Trucks 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:
- Garbage
- Fire
- Dump
- Sweeper
- By Application:
- ICE (Diesel, Gasoline, Hybrid, CNG)
- Electric
- 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 Utility Trucks 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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?
Utility trucks are large, heavy vehicles used for transporting goods and materials. They can be used for a variety of purposes, including moving construction materials, delivering food and supplies to remote areas, and transporting cargo in bulk.
Some of the major companies in the utility trucks market are AB Volvo, Bucher Industries, BYD Motors, Inc., Daimler AG, Rosenbauer International AG, AEBI Schmidt Holding AG, China FAW Group Co. Ltd., China National Heavy Duty Truck Group Co., Ltd., Dongfeng Motor Group Co., Ltd., Dulevo S.p.A., AB Volvo, Global Environmental Products, Magirus GmbH, Nilflisk Group, Oshkosh Corporation.
The utility trucks 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 Utility Trucks 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 Utility Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Utility Trucks 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 Utility Trucks 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 Utility Trucks Market Size & Forecast, 2018-2028
4.5.1 Utility Trucks Market Size and Y-o-Y Growth
4.5.2 Utility Trucks Market Absolute $ Opportunity
Chapter 5 Global Utility Trucks 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 Utility Trucks Market Size Forecast by Type
5.2.1 Garbage
5.2.2 Fire
5.2.3 Dump
5.2.4 Sweeper
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Utility Trucks 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 Utility Trucks Market Size Forecast by Applications
6.2.1 ICE (Diesel
6.2.2 Gasoline
6.2.3 Hybrid
6.2.4 CNG)
6.2.5 Electric
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Utility Trucks 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 Utility Trucks 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 Utility Trucks Analysis and Forecast
9.1 Introduction
9.2 North America Utility Trucks 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 Utility Trucks Market Size Forecast by Type
9.6.1 Garbage
9.6.2 Fire
9.6.3 Dump
9.6.4 Sweeper
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 Utility Trucks Market Size Forecast by Applications
9.10.1 ICE (Diesel
9.10.2 Gasoline
9.10.3 Hybrid
9.10.4 CNG)
9.10.5 Electric
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 Utility Trucks Analysis and Forecast
10.1 Introduction
10.2 Europe Utility Trucks 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 Utility Trucks Market Size Forecast by Type
10.6.1 Garbage
10.6.2 Fire
10.6.3 Dump
10.6.4 Sweeper
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 Utility Trucks Market Size Forecast by Applications
10.10.1 ICE (Diesel
10.10.2 Gasoline
10.10.3 Hybrid
10.10.4 CNG)
10.10.5 Electric
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 Utility Trucks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Utility Trucks 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 Utility Trucks Market Size Forecast by Type
11.6.1 Garbage
11.6.2 Fire
11.6.3 Dump
11.6.4 Sweeper
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 Utility Trucks Market Size Forecast by Applications
11.10.1 ICE (Diesel
11.10.2 Gasoline
11.10.3 Hybrid
11.10.4 CNG)
11.10.5 Electric
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 Utility Trucks Analysis and Forecast
12.1 Introduction
12.2 Latin America Utility Trucks 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 Utility Trucks Market Size Forecast by Type
12.6.1 Garbage
12.6.2 Fire
12.6.3 Dump
12.6.4 Sweeper
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 Utility Trucks Market Size Forecast by Applications
12.10.1 ICE (Diesel
12.10.2 Gasoline
12.10.3 Hybrid
12.10.4 CNG)
12.10.5 Electric
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) Utility Trucks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Utility Trucks 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) Utility Trucks Market Size Forecast by Type
13.6.1 Garbage
13.6.2 Fire
13.6.3 Dump
13.6.4 Sweeper
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) Utility Trucks Market Size Forecast by Applications
13.10.1 ICE (Diesel
13.10.2 Gasoline
13.10.3 Hybrid
13.10.4 CNG)
13.10.5 Electric
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 Utility Trucks Market: Competitive Dashboard
14.2 Global Utility Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AB Volvo
14.3.2 Bucher Industries
14.3.3 BYD Motors, Inc.
14.3.4 Daimler AG
14.3.5 Rosenbauer International AG
14.3.6 AEBI Schmidt Holding AG
14.3.7 China FAW Group Co. Ltd.
14.3.8 China National Heavy Duty Truck Group Co., Ltd.
14.3.9 Dongfeng Motor Group Co., Ltd.
14.3.10 Dulevo S.p.A.
14.3.11 AB Volvo
14.3.12 Global Environmental Products
14.3.13 Magirus GmbH
14.3.14 Nilflisk Group
14.3.15 Oshkosh Corporation
