Utility Trucks Market Size, Analysis and Forecast 2034
Global Utility Trucks Market Growth, Size, Trends Analysis - By Type, By Engine - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: IACT25119 | Pages: 1 - 273 | Formats*: |
| Category : Information & Communications Technology | |||
Global Utility Trucks Market Introduction and Overview
According to SPER Market Research, the Global Utility Trucks Market is estimated to reach USD 166.19 billion by 2034 with a CAGR of 8.23%.
The report includes an in-depth analysis of the Global Utility Trucks Market, including market size and trends, product mix, Applications, and supplier analysis. The utility truck market is expected to develop at a compound annual growth rate (CAGR) of 8.23% between 2025 and 2034, from its 2024 valuation of USD 75.36 billion. The rise in budget allocations by municipal corporations and the increasing demand for sustainable infrastructure are driving the adoption of utility trucks. Additionally, there is a greater need for dump trucks in areas with substantial mining and building activities. Furthermore, in response to the growing number of fire incidents, various governments have begun to enforce strict regulations regarding fire safety and rescue operations, thereby increasing the demand for fire trucks.
By Type Insights
The dump truck segment led the market in 2024, capturing the largest revenue share due to rising mining and excavation activities, the use of dump trucks in agriculture for moving harvested crops, government waste management processes, and overall economic growth boosting industrial activities. Additionally, new housing, commercial, and government-backed infrastructure projects are driving demand for dump trucks in construction and earthmoving.
The fire truck segment is projected to see significant growth from 2025 to 2034, spurred by urbanization and increasing populations that raise the need for effective emergency services. The risks of fires are higher in densely populated areas, leading municipalities to invest more in fire safety infrastructure, including modern fire trucks. Government regulations on fire safety standards also impact demand, as many countries require municipalities to ensure specific firefighting capabilities.
By Engine Insights
The ICE (Diesel/Gasoline/CNG/Hybrid) segment led the market in 2024, driven by heavy-duty truck demands for high torque. Diesel and gasoline engines are preferred for utility trucks due to their higher torque compared to CNG and hybrid options. However, advancements in technology, stricter emission standards, and a shift toward electric vehicles may slow the growth of diesel and gasoline trucks. The electric segment is anticipated to grow the fastest, as governments enforce stricter emissions regulations, making electric vehicles appealing. Additionally, electric trucks offer lower fuel and maintenance costs, leading to long-term savings for fleet operators.
Regional Insights
The Asia Pacific utility trucks market accounted for the largest revenue share in 2024. This growth can be attributed to the rising urbanization and industrialization in countries such as China, India, and Southeast Asian nations, which have resulted in a heightened demand for utility trucks. As urban areas expand, the necessity for waste collection and disposal processes also increases. Governments are making investments in public health through waste collection, recycling, and disposal initiatives.
In 2024, the North American utility trucks market captured a substantial share due to factors such as infrastructure development, waste management requirements, government initiatives, and an increasing focus on disaster response. Waste management, construction, mining, and other industries all contribute to the region's need for utility trucks. Significant government investments in businesses and infrastructure development are propelling market growth.
Market Competitive Landscape
To meet the increasing needs of consumers, market players in the utility truck industry are aggressively expanding their product lines. To differentiate themselves in a competitive environment, leading players in the utility truck market are frequently introducing new products. The ongoing activities of these key players are anticipated to propel the development of the utility truck market in the future.
The market for utility trucks is inclusive, with many local and international providers actively involved. Major players in the market are concentrating on the creation of innovative products while also expanding their geographical reach. Another prevalent strategy employed by leading utility truck market players is the acquisition of companies.
Recent Developments:
In January 2024, Volvo Trucks North America introduced the Volvo VNL utility trucks, designed to serve as a foundation for all upcoming technologies, including fuel cell, battery-electric, and internal combustion engines powered by hydrogen and other renewable fuels.
In October 2023, Bucher Municipal Latvia established a new solar facility to develop environmentally friendly manufacturing solutions for utility trucks in Europe. The aim of this project is to reduce the amount of electricity purchased, thereby decreasing CO2 emissions, and ultimately increasing the production of utility vehicles.
GreenPower has introduced the customizable EV Star Utility Truck, which is equipped with a 118-kWh battery and can achieve a range of up to 150 miles. This truck boasts a payload capacity of 5,500 pounds, offers various customizable body configurations, and provides power sources for charging tools. Additionally, it supports both fast and wireless DC charging, making it suitable for use in various industries.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Engine |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Daimler Truck AG, Ford Motor Company, General Motors, FCA US LLC, TOYOTA MOTOR CORPORATION, ISUZU MOTORS LIMITED, NISSAN USA, Volkswagen Group, Mack Trucks, NAVISTAR, INC. |
Key Topics Covered in the Report
- Global Utility Trucks Market Size (FY’2021-FY’2034)
- Overview of Global Utility Trucks Market
- Segmentation of Global Utility Trucks Market By Type (Garbage Truck, Fire Truck, Dump Truck, Sweeper Truck)
- Segmentation of Global Utility Trucks Market By Engine (ICE, Electric)
- Statistical Snap of Global Utility Trucks Market
- Expansion Analysis of Global Utility Trucks Market
- Problems and Obstacles in Global Utility Trucks Market
- Competitive Landscape in the Global Utility Trucks Market
- Details on Current Investment in Global Utility Trucks Market
- Competitive Analysis of Global Utility Trucks Market
- Prominent Players in the Global Utility Trucks Market
- SWOT Analysis of Global Utility Trucks Market
- Global Utility Trucks Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Utility Trucks Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Utility Trucks Market
7.Global Utility Trucks Market, By Type (USD Million) 2021-2034
7.1.Garbage Truck
7.1.1.Front Loader7.1.2.Rear Loader7.1.3.Side Loader
7.2.Fire Truck7.3.Dump Truck7.4.Sweeper Truck
7.4.1.Street Sweeper7.4.2.Parking Lot Sweeper
8.Global Utility Trucks Market, By Engine (USD Million) 2021-2034
8.1.ICE (Diesel/Gasoline/CNG/Hybrid)8.2.Electric
9.Global Utility Trucks Market, (USD Million) 2021-2034
9.1.Global Utility Trucks Market Size and Market Share
10.Global Utility Trucks Market, By Region, (USD Million) 2021-2034
10.1.Asia-Pacific
10.1.1.Australia10.1.2.China10.1.3.India10.1.4.Japan10.1.5.South Korea10.1.6.Rest of Asia-Pacific
10.2.Europe
10.2.1.France10.2.2.Germany10.2.3.Italy10.2.4.Spain10.2.5.United Kingdom10.2.6.Rest of Europe
10.3.Middle East and Africa
10.3.1.Kingdom of Saudi Arabia10.3.2.United Arab Emirates10.3.3.Qatar10.3.4.South Africa10.3.5.Egypt10.3.6.Morocco10.3.7.Nigeria10.3.8.Rest of Middle-East and Africa
10.4.North America
10.4.1.Canada10.4.2.Mexico10.4.3.United States
10.5.Latin America
10.5.1.Argentina10.5.2.Brazil10.5.3.Rest of Latin America
11.Company Profile
11.1.Daimler Truck AG
11.1.1.Company details11.1.2.Financial outlook11.1.3.Product summary11.1.4.Recent developments
11.2.Ford Motor Company
11.2.1.Company details11.2.2.Financial outlook11.2.3.Product summary11.2.4.Recent developments
11.3.General Motors
11.3.1.Company details11.3.2.Financial outlook11.3.3.Product summary11.3.4.Recent developments
11.4.FCA US LLC
11.4.1.Company details11.4.2.Financial outlook11.4.3.Product summary11.4.4.Recent developments
11.5.TOYOTA MOTOR CORPORATION
11.5.1.Company details11.5.2.Financial outlook11.5.3.Product summary11.5.4.Recent developments
11.6.ISUZU MOTORS LIMITED
11.6.1.Company details11.6.2.Financial outlook11.6.3.Product summary11.6.4.Recent developments
11.7.NISSAN USA
11.7.1.Company details11.7.2.Financial outlook11.7.3.Product summary11.7.4.Recent developments
11.8.Volkswagen Group
11.8.1.Company details11.8.2.Financial outlook11.8.3.Product summary11.8.4.Recent developments
11.9.Mack Trucks
11.9.1.Company details11.9.2.Financial outlook11.9.3.Product summary11.9.4.Recent developments
11.10.NAVISTAR, INC
11.10.1.Company details11.10.2.Financial outlook11.10.3.Product summary11.10.4.Recent developments
11.11.Others
12.Conclusion
13.List of Abbreviations
14.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Utility Trucks Market covered By Type, By Engine
Utility Trucks Market size is USD 166.19 billion from 2025 to 2034.
The North America is anticipated to have the highest Market share in the Utility Trucks Market.
Daimler Truck AG, Ford Motor Company, General Motors, FCA US LLC, TOYOTA MOTOR CORPORATION, ISUZU MOTORS LIMITED, NISSAN USA, Volkswagen Group, Mack Trucks, NAVISTAR, INC.
The report includes an in-depth analysis of the Global Utility Trucks Market, including market size and trends, product mix, Applications, and supplier analysis.
Utility Trucks Market is projected to reach USD 166.19 billion by 2034, growing at a CAGR of 8.23% during the forecast period.
Utility Trucks Market size from 2025. The Market is expected to reach USD 166.19 billion by 2034, at a CAGR of 8.23% during the forecast period.
Utility Trucks Market CAGR of 8.23% during the forecast period.
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