Utility Trucks Market Size is expected to reach USD 127.46 billion by 2019 - 2030

Utility Trucks Market Size is expected to
reach USD 127.46 billion by 2019 - 2030
“Utility Trucks Market Size, Share & Trends Analysis
Report By Product (Garbage, Fire, Dump, Sweeper
Trucks), By Engine (ICE, Electric), By Region (North
America, Europe, APAC), And Segment Forecasts,
2019 - 2030.”
The global utility trucks market size is expected to reach USD 127.46 billion by 2030 expanding
at a CAGR of 7.7% over the forecast period. Growing adoption of dump trucks in the construction
and mining industry, focus on solid waste management and sustainable infrastructure, and
technological advancements propelling the demand for advanced fire trucks are among the key
factors responsible for the market growth. Government initiatives to curb the rising toll of fire
incidents and growing emphasis on worker safety have also contributed to the market growth.
According to World Bank Group, effective waste management occupies around 20 to 50% of the
overall municipal budgets. On account of growing population, rapid urbanization, and increasing
solid waste generation, countries across the globe are investing significantly in implementing
effective solid waste management plans. This is boosting the demand for garbage trucks, thereby
supporting market growth.
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Rising expenditure of fire departments across various nations due to need for replacing aging
vehicle fleets is also expected to bolster the demand. The Asia Pacific region is expected to lead the
utility truck market from 2018 to 2030 owing to increasing investments in construction and mining
sectors, rising focus on sustainable infrastructure, and growing awareness about and
implementation of solid waste management across the region. The government is making significant
investments in the development of public and private infrastructure. Such initiatives are expected to
result in an exponentially rising demand for utility trucks, such as garbage, dump, and sweeper
Further key findings from the study suggest:
• Dump trucks are expected to lead the global utility truck market owing to their extensive
usage in the construction and mining industry for hauling heavy construction wastes
• Asia Pacific is expected to be the largest regional market owing to significant investments in
the development of public infrastructure by the regional governments
• North America is expected to exhibit a significant CAGR over the forecast period on account
of the presence of key manufacturers, such as BYD Motors, Inc., in the region
• Prominent companies in the market include AB Volvo; Bucher Industries; BYD Motors, Inc.;
Daimler AG; Oshkosh Corp.; and Rosenbauer International AG
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Table of Contents:
Chapter 1 Methodology and Scope
1.1 Information Procurement
1.2 Purchased Database
1.2.1 GVR'S Internal Database
1.3 Research Methodology
1.4 Geographic Scope & Assumptions
1.5 Region/Country Wise Market Calculation
1.5.1 Region /Country Wise Market: Base Estimates
1.5.2 Region/Country Market: Cagr Calculation
1.6 Region-based Segment Share Calculation
1.7 List of Primary Sources
1.8 List of Secondary Sources
1.9 List of Abbreviations
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Chapter 2 Executive Summary
Chapter 3 Market Definitions
3.1 Market Segmentation
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