Market Overview:
The global service 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 service trucks in mining, construction site, and other applications. The below 15000 kg GVM segment is expected to grow at the highest CAGR during the forecast period owing to the growing demand for light-duty service trucks in various end-use industries. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rising industrialization and infrastructure development in countries such as China and India.
Product Definition:
A service truck is a type of vehicle that is used to provide services to other vehicles. Service trucks are important because they allow mechanics to work on vehicles without having to take them into a garage. This saves time and money for the vehicle owners.
Below 15000 kg GVM:
Below 15000 kg GVM is the segment of service trucks with gross vehicle weight less than 15000 kg.
15000-25000 kg GVM:
15000-25000 kg GVM is the weight range which can be carried by a standard light truck. The trucks in this weight range are commonly known as service trucks. They are used for various purposes such as local deliveries, waste removal, construction and excavation materials transportation etc. In addition to these uses they are also used for special purposes such as ambulance services, concrete mixer services, cement transport vehicles among others.
Application Insights:
The others application segment includes retail, food & beverage, healthcare, logistics and transportation of general commodities. The mining application segment held the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for coal and other minerals across various regions including Asia Pacific, North America and Europe.
The construction site application segment is expected to witness significant growth over the forecast period as service trucks are used on-site for various purposes including material transport from one place to another on a construction site; provisioning of materials such as cement by bringing in raw materials; transportation of equipment or machinery used on-site by builders during renovation or new constructions projects; supply & removal of furniture & fittings required for new buildings or alterations done thereon such as electrical goods along with any other purpose that requires heavy lifting equipment during a building project.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to the increasing demand for trucks in countries, such as China and India. The region has been witnessing an increase in investments in infrastructure development, which is likely to boost product demand over the forecast period.
The Asia Pacific region comprises developing economies like China and India that are majorly driven by rapid urbanization and industrial growth along with steady economic growth resulting into increased spending on transportation facilities including roads, railways, airways etc., thereby boosting truck sales across various applications.
Growth Factors:
- Increasing demand for service trucks from the automotive and transportation industries
- Growing popularity of service trucks among small businesses
- Rising demand for customized service trucks
- Proliferation of digital technologies in the service truck market
- Emergence of new players in the global service truck market
Scope Of The Report
Report Attributes
Report Details
Report Title
Service Truck Market Research Report
By Type
Below 15000 kg GVM, 15000-25000 kg GVM, 25000-35000 kg GVM, Above 35000 kg GVM
By Application
Mining, Construction Site, Others
By Companies
Shermac, Plantman, STG Global, ORH Truck Solutions, Knapheide, Maintainer, ORO Design and Manufacturing, Enoven Industries
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Service Truck Market Report Segments:
The global Service Truck market is segmented on the basis of:
Types
Below 15000 kg GVM, 15000-25000 kg GVM, 25000-35000 kg GVM, Above 35000 kg GVM
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
Mining, Construction Site, 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:
- Shermac
- Plantman
- STG Global
- ORH Truck Solutions
- Knapheide
- Maintainer
- ORO Design and Manufacturing
- Enoven Industries
Highlights of The Service 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:
- Below 15000 kg GVM
- 15000-25000 kg GVM
- 25000-35000 kg GVM
- Above 35000 kg GVM
- By Application:
- Mining
- Construction Site
- 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 Service 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
- 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?
A service truck is a large vehicle used to transport equipment and materials. They are often used by businesses to move goods around their premises.
Some of the major companies in the service truck market are Shermac, Plantman, STG Global, ORH Truck Solutions, Knapheide, Maintainer, ORO Design and Manufacturing, Enoven Industries.
The service truck market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Service Truck Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Service Truck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Service Truck Market - Supply Chain
4.5. Global Service Truck Market Forecast
4.5.1. Service Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Service Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Service Truck Market Absolute $ Opportunity
5. Global Service Truck Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Service Truck Market Size and Volume Forecast by Type
5.3.1. Below 15000 kg GVM
5.3.2. 15000-25000 kg GVM
5.3.3. 25000-35000 kg GVM
5.3.4. Above 35000 kg GVM
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Service Truck Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Service Truck Market Size and Volume Forecast by Application
6.3.1. Mining
6.3.2. Construction Site
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Service Truck Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Service Truck Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Service Truck Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Service Truck Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Service Truck Demand Share Forecast, 2019-2026
9. North America Service Truck Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Service Truck Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Service Truck Market Size and Volume Forecast by Application
9.4.1. Mining
9.4.2. Construction Site
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Service Truck Market Size and Volume Forecast by Type
9.7.1. Below 15000 kg GVM
9.7.2. 15000-25000 kg GVM
9.7.3. 25000-35000 kg GVM
9.7.4. Above 35000 kg GVM
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Service Truck Demand Share Forecast, 2019-2026
10. Latin America Service Truck Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Service Truck Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Service Truck Market Size and Volume Forecast by Application
10.4.1. Mining
10.4.2. Construction Site
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Service Truck Market Size and Volume Forecast by Type
10.7.1. Below 15000 kg GVM
10.7.2. 15000-25000 kg GVM
10.7.3. 25000-35000 kg GVM
10.7.4. Above 35000 kg GVM
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Service Truck Demand Share Forecast, 2019-2026
11. Europe Service Truck Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Service Truck Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Service Truck Market Size and Volume Forecast by Application
11.4.1. Mining
11.4.2. Construction Site
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Service Truck Market Size and Volume Forecast by Type
11.7.1. Below 15000 kg GVM
11.7.2. 15000-25000 kg GVM
11.7.3. 25000-35000 kg GVM
11.7.4. Above 35000 kg GVM
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Service Truck Demand Share, 2019-2026
12. Asia Pacific Service Truck Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Service Truck Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Service Truck Market Size and Volume Forecast by Application
12.4.1. Mining
12.4.2. Construction Site
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Service Truck Market Size and Volume Forecast by Type
12.7.1. Below 15000 kg GVM
12.7.2. 15000-25000 kg GVM
12.7.3. 25000-35000 kg GVM
12.7.4. Above 35000 kg GVM
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Service Truck Demand Share, 2019-2026
13. Middle East & Africa Service Truck Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Service Truck Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Service Truck Market Size and Volume Forecast by Application
13.4.1. Mining
13.4.2. Construction Site
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Service Truck Market Size and Volume Forecast by Type
13.7.1. Below 15000 kg GVM
13.7.2. 15000-25000 kg GVM
13.7.3. 25000-35000 kg GVM
13.7.4. Above 35000 kg GVM
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Service Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Service Truck Market: Market Share Analysis
14.2. Service Truck Distributors and Customers
14.3. Service Truck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shermac
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Plantman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. STG Global
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ORH Truck Solutions
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Knapheide
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Maintainer
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ORO Design and Manufacturing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Enoven Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
