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Global Utility Trucks Market: By Product: Garbage Trucks, Fire Trucks, Dump Trucks, Sweeper Trucks; By Engine Type: ICE (Diesel/Gasoline/CNG/Hybrid) Engine, Electric Engine; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Utility Trucks Market Outlook
The global utility trucks market stood at a value of around USD 60.7 billion in 2020 and is further projected to grow at a CAGR of 8% over the forecast period of 2023-2028.
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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:
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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.
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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.
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Volvo Group, Aebi Schmidt Group, Bucher Industries AG, BYD Motors Inc., Daimler AG, Magirus GmbH, Oshkosh Corporation, Rosenbauer International AG |
| 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 Industry Opportunities and Challenges
8 Global Utility Trucks Market Analysis
8.1 Key Industry Highlights
8.2 Global Utility Trucks Historical Market (2018-2022)
8.3 Global Utility Trucks Market Forecast (2023-2028)
8.4 Global Utility Trucks Market by Product
8.4.1 Garbage Trucks
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Fire Trucks
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Dump Trucks
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Sweeper Trucks
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Utility Trucks Market by Engine Type
8.5.1 ICE (Diesel/Gasoline/CNG/Hybrid) Engine
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Electric Engine
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Utility Trucks Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Volvo Group
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Aebi Schmidt Holding AG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Bucher Municipal AG
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 BYD Motors Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Daimler AG
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Magirus GmbH
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Oshkosh Corporation
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Rosenbauer International AG
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Utility Trucks Market: Key Industry Highlights, 2018 and 2028
2. Global Utility Trucks Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Utility Trucks Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Utility Trucks Historical Market: Breakup by Engine Type (USD Million), 2018-2022
5. Global Utility Trucks Market Forecast: Breakup by Engine Type (USD Million), 2023-2028
6. Global Utility Trucks Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Utility Trucks Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Utility Trucks Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Utility Trucks Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Utility Trucks Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Utility Trucks Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Utility Trucks Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Utility Trucks Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Utility Trucks Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Utility Trucks Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Utility Trucks Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Utility Trucks Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Utility Trucks Market Structure
Key Questions Answered in the Report
The global utility trucks market reached a value of about USD 60.7 billion in 2020.
The market is projected to grow at a CAGR of nearly 8% in the forecast period of 2023-2028.
The major drivers of the industry 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 is expected to be a key trend guiding the growth of the industry.
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 industry are garbage, fire, dump, and sweeper trucks.
The leading engine types in the industry 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 56.16 billion in 2020, 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 2023-2028, 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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