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Report Overview
The global utility trucks market size reached around USD 70.80 Billion in 2024. The market is projected to grow at a CAGR of 8.00% between 2025 and 2034 to reach nearly USD 152.85 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- The growing municipal solid waste generation, projected to increase from 2.1 billion tonnes in 2023 to 3.8 billion tonnes by 2050 as per UNEP, presents a significant opportunity for utility trucks. The demand for waste management and recycling solutions drives the need for more efficient, environmentally friendly utility trucks to handle the rising waste volumes.
- According to industry reports, Germany’s automotive sector, generating EUR 558.1 billion in revenue, benefits the global utility trucks market by fostering innovation and manufacturing capabilities. Strong automotive industry performance supports the development of utility trucks, especially in areas of automation, electric trucks, and advanced vehicle technologies.
- As per Australian Bureau of Statistics, Australia's construction sector, contributing approximately USD 162 billion annually, is key to the global utility trucks market. The demand for utility trucks in construction, particularly for material transport, waste management, and infrastructure projects, helps drive the need for robust, high-performance vehicles tailored for tough construction environments.
Compound Annual Growth Rate
Value in USD Billion
8%
2025-2034
Utility Trucks Market Outlook
*this image is indicative*
Global Utility Trucks Market Growth
The global utility trucks market is vital for urban and infrastructure development. These vehicles facilitate waste management, emergency response, construction, and maintenance. They drive economic growth, job creation, and technological advancements.
Utility trucks improve quality of life by providing essential services and reducing environmental impact through electric options. Expanding urbanization and infrastructure projects fuel the growth of the utility trucks industry.
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Key Trends and Developments
The utility trucks market is growing because of increasing demand for electric utility trucks, the integration of automation and connectivity, the rise of hybrid technology, and the need for regulatory compliance and environmental standards.
Electric Utility Trucks is Influencing the Utility Trucks Market Dynamics and Trends
The global utility trucks market is undergoing a shift towards electric vehicles (EVs), driven by the need for sustainable transport. Rising environmental concerns and government regulations encouraging zero-emission vehicles are contributing to the growing demand for electric utility trucks. These trucks offer reduced operational costs, lower emissions, and help companies achieve their sustainability goals, Zeus Electric Chassis showcased its all-electric Class 5 bucket truck at the 2023 Advanced Clean Transportation Expo, attracting interest from fleets in CARB-compliant states.
Automation and Connectivity is Driving Opportunities in the Utility Trucks Market
The integration of automation and connectivity is significantly transforming the utility truck market. Innovations in telematics, GPS tracking, and vehicle automation are enhancing fleet management, operational efficiency, and driver safety. Autonomous utility trucks are expected to become an integral part of the market, reducing human error and boosting productivity in repetitive or hazardous tasks. At the 2023 Utility Expo, Zeal Motor Inc. unveiled its updated FAT TRUCK® models, which feature advanced performance for industries like utilities, mining, and search and rescue.
Rise in Hybrid Technology is Impacting Utility Trucks Market Revenue
Hybrid utility trucks, combining internal combustion engines with electric power, are gaining popularity as a balanced solution between conventional trucks and fully electric models. These vehicles offer improved fuel efficiency and reduced emissions while maintaining the performance needed for demanding tasks. They are especially beneficial in regions with limited electric vehicle infrastructure or where high-power output is necessary. At The Utilities Show 2021, Curry Supply introduced its new line of service truck bodies, including the Keystone and Keystone Pro, offering superior construction and storage options.
Regulatory Compliance and Environmental Standards is Driving Demand for the Utility Trucks Market
Stricter environmental regulations, such as emissions standards and fuel efficiency targets, are driving the demand for cleaner technologies in utility trucks. Manufacturers are adapting by creating more energy-efficient vehicles to meet these regulatory requirements. Government incentives and mandates further support the transition to sustainable fleet solutions. In November 2024, Lohia launched the Humsafar IK Tipper, an electric utility vehicle designed for eco-friendly waste collection, offering a 6 KW motor, a 10-kWh battery, and a range of over 100 km on a single charge.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Global Utility Trucks Market Analysis
The global utility trucks market dynamics and trends are influenced by several key factors, including a heightened emphasis on solid waste management, technological innovations, rising demand for advanced fire trucks, increased use of dump trucks in construction and mining, and a stronger focus on sustainable infrastructure.
Municipal solid waste is projected to reach approximately 2.5 billion tons by 2026, prompting stricter solid waste management and disposal regulations, which in turn boosts demand for related products. However, challenges such as the high cost of utility trucks and stringent emission standards may hinder the utility trucks industry growth during the forecast period.
Global Utility Trucks Industry Outlook
According to the Australian Bureau of Statistics, in Australia, in the March quarter of 2024, a total of 39,715 new dwellings were commenced, comprising 25,072 new private sector houses and 14,071 other residential constructions that significantly boost the utility trucks market revenue as these vehicles are essential for transporting construction materials, and equipment making them vital for large-scale residential projects.
In Australia, in the March quarter of 2024, there were 226,307 total sector dwellings under construction, including 90,369 new houses, reflecting an increase from 225,366 total sector dwellings under construction in December 2023 as reported by the Australian Bureau of Statistics.
In the United States, in June 2024, new residential construction data from the U.S. Census Bureau and HUD reported 1,446,000 building permits, 1,353,000 housing starts, and 1,710,000 housing completions. These large-scale construction activities drive the demand for the utility trucks market, including dump trucks, concrete mixers, and material hauliers, which are vital for transporting construction materials and supporting the efficient completion of these projects.
According to the Dubai Statistics Center - Government of Dubai, the total freight movement at Dubai airports in 2022 was 2,187,030 tons, with Al Maktoum International (DWC) managing 189,708 tons and Dubai International (DXB) handling 1,997,322 tons. In 2023, total freight movement reached 2,286,606 tons, with DWC managing 174,270 tons and DXB handling 2,112,336 tons. This highlights the increasing need for effective logistics and transportation solutions, which is driving the utility trucks industry revenue. As freight volumes grow, the demand for utility trucks, including cargo hauliers and delivery vehicles, intensifies to facilitate the efficient transfer of goods between airports, warehouses, and distribution centres.
Increasing needs for waste management, advanced fire trucks, and construction vehicles drive the utility trucks industry growth.
- Innovations enhance vehicle efficiency and performance, making utility trucks more appealing.
- Rising emphasis on sustainable infrastructure supports the adoption of eco-friendly utility trucks.
Expensive utility trucks may limit market accessibility and slow adoption.
- Stringent emission standards can increase production costs and complicate compliance.
- High maintenance and operational costs may deter potential buyers.
Expanding infrastructure projects in developing regions creates new opportunities in the utility trucks market.
- Advancements in automation and electrification offer potential for market expansion.
- Supportive policies and incentives for waste management and green technologies boost market potential.
Economic downturns can reduce investment in new utility trucks and infrastructure projects.
- Intense competition and price wars may impact profit margins.
- Global supply chain issues can affect production and delivery timelines.
Key Players in the Global Utility Trucks Market and Their Key Initiatives
Volvo Group
- Launched a new line of electric utility trucks, designed to reduce emissions.
- Expanded its utility truck offerings in North America to meet the growing demand of the utility trucks market.
Aebi Schmidt Holding AG
- Introduced multi-functional utility trucks capable of performing a variety of tasks.
- Integrated advanced telematics and IoT solutions into its utility truck.
Bucher Municipal AG
- Introduced a new line of eco-friendly utility trucks to capture the utility trucks market opportunities.
- Expanded its global production facilities.
BYD Motors Inc.
- Partnered with several municipalities worldwide to pilot electric utility trucks.
- Expanded its fleet of electric utility trucks, focusing on zero-emission vehicles for urban logistics.
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Global Utility Trucks Industry Segmentation
“Global Utility Trucks Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Garbage Trucks
- Fire Trucks
- Dump Trucks
- Sweeper Trucks
Market Breakup by Engine Type
- ICE (Diesel/Gasoline/CNG/Hybrid) Engine
- Electric Engine
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Utility Trucks Market Share
The utility trucks market dynamics and trends are influenced by the advantages of ICE (Diesel/Gasoline/CNG/Hybrid) engines, which include access to well-established refuelling infrastructure, high power output for demanding tasks, and a lower initial investment compared to electric engines.
Electric engines offer benefits such as zero tailpipe emissions, which comply with environmental regulations, lower operating costs due to fewer moving parts and reduced energy expenses, and quieter operation, ideal for urban environments. Each type of engine offers distinct advantages that meet various operational needs and environmental goals, thereby fuelling the utility trucks demand growth.
Competitive Landscape
The utility trucks market key players manufacture a range of vehicles, including trucks, buses, construction equipment, and marine and industrial engines. They specialise in road maintenance, snow clearance, and green space management machinery. Their products are well-regarded for performance, efficiency, and versatility in demanding environmental conditions. The company also produces electric cars, buses, trucks, and utility vehicles, advocating for clean energy solutions. Renowned for their advanced electric technology, these products are recognised for their high performance, efficiency, and adaptability in challenging environments.
Volvo Group
Headquartered in Gothenburg, Sweden, Volvo Group was established in 1927. It is a global leader in manufacturing trucks, buses, construction equipment, and marine and industrial engines. Known for innovation, Volvo focuses on sustainable transport solutions, offering advanced technologies for utility and heavy-duty vehicles worldwide.
Aebi Schmidt Holding AG
Founded in 1895, Aebi Schmidt Holding AG is a Swiss-based company renowned for producing high-quality municipal and utility vehicles. They specialise in road maintenance, snow clearing, and green space management equipment. Their products are recognised for performance, efficiency, and adaptability in challenging environmental conditions.
Bucher Municipal AG
Bucher Municipal AG, established in 1807 and based in Switzerland, is a leading manufacturer of municipal equipment, particularly in waste collection, road cleaning, and snow removal. The company focuses on sustainable and innovative solutions for urban infrastructure, offering a wide range of vehicles designed for municipal services.
BYD Motors Inc.
BYD Motors Inc., founded in 1995 and headquartered in Shenzhen, China, is a global leader in electric vehicles. The company manufactures electric cars, buses, trucks, and utility vehicles, promoting clean energy solutions. Known for its cutting-edge electric technology, BYD is committed to reducing carbon emissions globally.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the utility trucks market report are Daimler AG, Magirus GmbH, Oshkosh Corporation, Rosenbauer International AG, and Dongfeng Motor Group Co., Ltd., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global utility trucks market reached a value of about USD 70.80 Billion in 2024.
The market is projected to grow at a CAGR of nearly 8.00% in the forecast period of 2025-2034.
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.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is divided into garbage, fire, dump, and sweeper trucks.
Based on engine type, the market is segmented into ICE (diesel/gasoline/CNG/hybrid) engines and electric engines.
The competitive landscape consists of Volvo Group, Aebi Schmidt Holding AG, Bucher Municipal AG, BYD Motors Inc., Daimler AG, Magirus GmbH, Oshkosh Corporation, Rosenbauer International AG, and Dongfeng Motor Group Co., Ltd. among others.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 152.85 Billion by 2034.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Engine Type |
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| Breakup by Region |
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| Market Dynamics |
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