Market Overview:
The global vocational 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 vocational trucks in construction, mining, transportation and logistics, and urban services industries. Additionally, the growing demand for electric and hybrid vehicles is also contributing to the growth of this market. The trailer segment is expected to dominate the global vocational trucks market during the forecast period owing to its high demand in construction and transportation applications. The dump truck segment is also anticipated to witness significant growth during the forecast period due its growing demand in mining applications.
Product Definition:
A vocational truck is a heavy-duty vehicle that is used for commercial purposes. These trucks are typically used to transport large loads or equipment. Vocational trucks are an important part of the commercial transportation industry, and they play a critical role in the economy.
Trailer:
Trailer is a vehicle component used to transport various types of cargo. It can be wheeled or non-wheeled and can be drawn by horses, vehicles, or self-propelled. The global market for trailers has witnessed significant growth over the past few years owing to its increasing usage in Vocational Trucks (VTs) industry across the world.
The global market for trailers was estimated at USD 31 billion in 2016.
Dump Truck:
Dump truck is a specialized truck that is used to transport waste from one place to another. It is widely used by the industries and municipalities for waste removal and recycling purposes. The dump trucks can carry different types of loads such as solid, liquid, and mixed loads which make them very popular among the end-users. The growing construction industry across the globe has led to an increase in demand for these vehicles which are expected to drive market growth over the forecast period.
Application Insights:
The construction industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing urbanization, which has resulted in an increased need for infrastructure development. Furthermore, a rise in residential and commercial constructions across the globe has led to an increased demand for trucks, particularly dump trucks that are used for concrete mixing purposes.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising investments in infrastructure development coupled with increasing demand for dump trucks, concrete mixers, and tanker trucks. Moreover, growing industrialization across emerging economies such as China and India are anticipated to fuel product demand over the next eight years.
The Latin American regional market is also estimated to witness significant growth during the same period owing to increasing investments by various governments in infrastructural development activities coupled with rapid urbanization trends witnessed across countries such as Brazil and Mexico. In addition, rising mining activities within this region are further expected to drive product demand during the forecast period from 2018-2030 (USD Million).
Growth Factors:
- Increasing demand for vocational trucks from the construction and transportation sectors due to growth in infrastructure development and industrialization.
- Rising demand for vocational trucks from emerging markets such as India, China, and Brazil due to increasing disposable income levels and growing commercial activity.
- Technological advancements in vocational truck design that improve fuel efficiency, performance, and safety features.
- Growing popularity of leasing/rental options for vocational trucks among businesses as it offers flexibility and cost-efficiency benefits over outright purchase models.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vocational Trucks Market Research Report
By Type
Trailer, Dump Truck, Concrete Mixer, Crane Truck, Fire Fighting Truck, Garbage Truck, Tanker, Other
By Application
Construction Industrial, Mining Industral, Transportation and Logistics, Urban Services, Other
By Companies
Daimler AG, Ford Motor Company, Volkswagen Group, PACCAR, Volvo Group, Caterpillar, Liebherr Group, TATA Motors, ISUZU, Hino Motors, Navistar International Corp, Dongfeng Motor Corporation, FAW Group, CNH Industrial, BYD Auto
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Vocational Trucks Market Report Segments:
The global Vocational Trucks market is segmented on the basis of:
Types
Trailer, Dump Truck, Concrete Mixer, Crane Truck, Fire Fighting Truck, Garbage Truck, Tanker, Other
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
Construction Industrial, Mining Industral, Transportation and Logistics, Urban Services, Other
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
- Ford Motor Company
- Volkswagen Group
- PACCAR
- Volvo Group
- Caterpillar
- Liebherr Group
- TATA Motors
- ISUZU
- Hino Motors
- Navistar International Corp
- Dongfeng Motor Corporation
- FAW Group
- CNH Industrial
- BYD Auto
Highlights of The Vocational 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:
- Trailer
- Dump Truck
- Concrete Mixer
- Crane Truck
- Fire Fighting Truck
- Garbage Truck
- Tanker
- Other
- By Application:
- Construction Industrial
- Mining Industral
- Transportation and Logistics
- Urban Services
- Other
- 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 Vocational 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.
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- Correctly Positioning New Products
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- Consumer Insights
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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?
Vocational trucks are vehicles that have been modified to provide vocational training and employment opportunities for people with disabilities. They can be used to transport people with disabilities to and from vocational programs, as well as provide transportation for other purposes.
Some of the major companies in the vocational trucks market are Daimler AG, Ford Motor Company, Volkswagen Group, PACCAR, Volvo Group, Caterpillar, Liebherr Group, TATA Motors, ISUZU, Hino Motors, Navistar International Corp, Dongfeng Motor Corporation, FAW Group, CNH Industrial, BYD Auto.
The vocational trucks market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vocational Trucks 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. Vocational Trucks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vocational Trucks Market - Supply Chain
4.5. Global Vocational Trucks Market Forecast
4.5.1. Vocational Trucks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vocational Trucks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vocational Trucks Market Absolute $ Opportunity
5. Global Vocational Trucks 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. Vocational Trucks Market Size and Volume Forecast by Type
5.3.1. Trailer
5.3.2. Dump Truck
5.3.3. Concrete Mixer
5.3.4. Crane Truck
5.3.5. Fire Fighting Truck
5.3.6. Garbage Truck
5.3.7. Tanker
5.3.8. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vocational Trucks 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. Vocational Trucks Market Size and Volume Forecast by Application
6.3.1. Construction Industrial
6.3.2. Mining Industral
6.3.3. Transportation and Logistics
6.3.4. Urban Services
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vocational Trucks 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. Vocational Trucks 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 Vocational Trucks 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. Vocational Trucks 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 Vocational Trucks Demand Share Forecast, 2019-2026
9. North America Vocational Trucks 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 Vocational Trucks 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 Vocational Trucks Market Size and Volume Forecast by Application
9.4.1. Construction Industrial
9.4.2. Mining Industral
9.4.3. Transportation and Logistics
9.4.4. Urban Services
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vocational Trucks Market Size and Volume Forecast by Type
9.7.1. Trailer
9.7.2. Dump Truck
9.7.3. Concrete Mixer
9.7.4. Crane Truck
9.7.5. Fire Fighting Truck
9.7.6. Garbage Truck
9.7.7. Tanker
9.7.8. Other
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 Vocational Trucks Demand Share Forecast, 2019-2026
10. Latin America Vocational Trucks 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 Vocational Trucks 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 Vocational Trucks Market Size and Volume Forecast by Application
10.4.1. Construction Industrial
10.4.2. Mining Industral
10.4.3. Transportation and Logistics
10.4.4. Urban Services
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vocational Trucks Market Size and Volume Forecast by Type
10.7.1. Trailer
10.7.2. Dump Truck
10.7.3. Concrete Mixer
10.7.4. Crane Truck
10.7.5. Fire Fighting Truck
10.7.6. Garbage Truck
10.7.7. Tanker
10.7.8. Other
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 Vocational Trucks Demand Share Forecast, 2019-2026
11. Europe Vocational Trucks 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 Vocational Trucks 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 Vocational Trucks Market Size and Volume Forecast by Application
11.4.1. Construction Industrial
11.4.2. Mining Industral
11.4.3. Transportation and Logistics
11.4.4. Urban Services
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vocational Trucks Market Size and Volume Forecast by Type
11.7.1. Trailer
11.7.2. Dump Truck
11.7.3. Concrete Mixer
11.7.4. Crane Truck
11.7.5. Fire Fighing Truck
11.7.6. Garbage Truck
11.7.7. Tanker
11.7.8. Other
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 Vocational Trucks Demand Share, 2019-2026
12. Asia Pacific Vocational Trucks 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 Vocational Trucks 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 Vocational Trucks Market Size and Volume Forecast by Application
12.4.1. Construction Industrial
12.4.2. Mining Industral
12.4.3. Transportation and Logistics
12.4.4. Urban Services
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vocational Trucks Market Size and Volume Forecast by Type
12.7.1. Trailer
12.7.2. Dump Truck
12.7.3. Concrete Mixer
12.7.4. Crane Truck
12.7.5. Fire Fighting Truck
12.7.6. Garbage Truck
12.7.7. Tanker
12.7.8. Other
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 Vocational Trucks Demand Share, 2019-2026
13. Middle East & Africa Vocational Trucks 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 Vocational Trucks 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 Vocational Trucks Market Size and Volume Forecast by Application
13.4.1. Construction Industrial
13.4.2. Mining Industral
13.4.3. Transportation and Logistics
13.4.4. Urban Services
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vocational Trucks Market Size and Volume Forecast by Type
13.7.1. Trailer
13.7.2. Dump Truck
13.7.3. Concrete Mixer
13.7.4. Crane Truck
13.7.5. Fire Fighting Truck
13.7.6. Garbage Truck
13.7.7. Tanker
13.7.8. Other
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 Vocational Trucks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vocational Trucks Market: Market Share Analysis
14.2. Vocational Trucks Distributors and Customers
14.3. Vocational Trucks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daimler AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ford Motor Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Volkswagen Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PACCAR
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Volvo Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Caterpillar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Liebherr Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TATA Motors
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ISUZU
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hino Motors
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Navistar International Corp
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Dongfeng Motor Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. FAW Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. CNH Industrial
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. BYD Auto
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
