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Utility Trucks Market

Global Utility Trucks Market Size, Share, Trends, Forecast: By Product: Garbage Trucks, Fire Trucks, Dump Trucks, Sweeper Trucks; By Engine Type: ICE (Diesel/Gasoline/CNG/Hybrid) Engine, Electric Engine; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Utility Trucks Market  Outlook

The global utility trucks market stood at a value of around USD 65.56 billion in 2023 and is further projected to grow at a CAGR of 8% over the forecast period of 2024-2032.

 

Utility Trucks Market

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The industry is being driven by the growing demand for dump trucks in regions with extensive manufacturing and mining operations. The growing focus on waste management methods is further increasing the demand for the product.

 

Market Segmentation

The utility trucks market can be divided based on segments like product and engine type. The industry can be differentiated based on its product like a garbage trucks, fire trucks, dump trucks, and sweeper trucks. The market can be broadly divided on the basis of its engine type into:

 

 

Utility Trucks Market By Segments

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  • ICE (Diesel/Gasoline/CNG/Hybrid) Engine 
  • Electric Engine

The EMR report looks into the regional utility trucks markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Market Analysis

The global utility trucks market is being driven by factors like proliferating focus on solid waste management, technological advancements, increased demand for advanced fire trucks, growing adoption of dump trucks in the construction and mining industry, and growing focus on sustainable infrastructure. It is estimated that the municipal solid waste will reach a capacity of around 2.5 billion tons by 2026, which had led to strict solid waste management and disposal laws, further increasing the product demand. The factors like the high cost of utility trucks and stringent emission standards may hamper the market growth in the coming years.

 

Utility Trucks Market By Region

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Competitive Landscape

The report presents an in-depth analysis of the following key players in the global utility trucks market, looking into their capacities, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Volvo Group (OTCMKTS: VLVLY)
  • AEBI Schmidt Holding AG
  • Bucher Industries AG
  • BYD Motors Inc.
  • Daimler AG 
  • Dongfeng Motor Group Co., Ltd.
  • Magirus GmbH
  • Oshkosh Corporation 
  • Rosenbauer International AG

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Engine Type
  • Region
Breakup by Product
  • Garbage Trucks
  • Fire Trucks
  • Dump Trucks
  • Sweeper Trucks
Breakup by Engine Type
  • ICE (Diesel/Gasoline/CNG/Hybrid) Engine
  • Electric Engine
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Volvo Group 
  • Aebi Schmidt Holding AG 
  • Bucher Municipal AG
  • BYD Motors Inc. 
  • Daimler AG
  • Magirus GmbH 
  • Oshkosh Corporation
  • Rosenbauer International AG
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Utility Trucks Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Utility Trucks Historical Market (2018-2023) 
    8.3    Global Utility Trucks Market Forecast (2024-2032)
    8.4    Global Utility Trucks Market by Product 
        8.4.1    Garbage Trucks
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Fire Trucks
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Dump Trucks
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Sweeper Trucks
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
    8.5    Global Utility Trucks Market by Engine Type
        8.5.1    ICE (Diesel/Gasoline/CNG/Hybrid) Engine 
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Electric Engine
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Utility Trucks Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.8    Middle East and Africa
            8.6.8.1    Historical Trend (2018-2023) 
            8.6.8.2    Forecast Trend (2024-2032) 
9    North America Utility Trucks Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Utility Trucks Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Utility Trucks Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.2    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Utility Trucks Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Utility Trucks Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive  Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Volvo Group 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Aebi Schmidt Holding AG 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Bucher Municipal AG 
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    BYD Motors Inc. 
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Daimler AG 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Magirus GmbH 
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Oshkosh Corporation
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Rosenbauer International AG
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Utility Trucks Market: Key Industry Highlights, 2018 and 2032
2.    Global Utility Trucks Historical Market: Breakup by Product (USD Million), 2018-2023
3.    Global Utility Trucks Market Forecast: Breakup by Product (USD Million), 2024-2032
4.    Global Utility Trucks Historical Market: Breakup by Engine Type (USD Million), 2018-2023
5.    Global Utility Trucks Market Forecast: Breakup by Engine Type (USD Million), 2024-2032
6.    Global Utility Trucks Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Utility Trucks Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Utility Trucks Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Utility Trucks Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Utility Trucks Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Utility Trucks Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Utility Trucks Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Utility Trucks Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Utility Trucks Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Utility Trucks Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Utility Trucks Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Utility Trucks Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Utility Trucks Market Structure

Key Questions Answered in the Report

The global utility trucks market reached a value of about USD 65.56 billion in 2023.

The market is projected to grow at a CAGR of nearly 8% in the forecast period of 2024-2032.

The major drivers of the market include the rising disposable incomes, increasing population, rising demand for dump trucks in regions with extensive manufacturing and mining operations, and the increased focus on waste management.

The rising focus on sustainable infrastructure acts as a key trend in the market.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The major products available in the market are garbage, fire, dump, and sweeper trucks.

The leading engine types in the market are ICE (diesel/gasoline/CNG/hybrid) engine and electric engine.

The leading players in the market are Volvo Group, Aebi Schmidt Group, Bucher Industries AG, BYD Motors Inc., Daimler AG, Magirus GmbH, Oshkosh Corporation, and Rosenbauer International AG.

Analyst Review

The global utility trucks market attained a value of USD 65.56 billion in 2023, driven by the increased focus on waste management. Aided by the increasing focus on sustainable infrastructure, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8%.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into garbage, fire, dump, and sweeper trucks. On the basis of engine type, the industry can be divided into ICE (diesel/gasoline/CNG/hybrid) engine and electric engine. The major regional markets of utility trucks are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Volvo Group, Aebi Schmidt Group, Bucher Industries AG, BYD Motors Inc., Daimler AG, Magirus GmbH, Oshkosh Corporation, and Rosenbauer International AG.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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