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Specialty Vehicle Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

  • ID: 5119723
  • Report
  • February 2022
  • Region: Global
  • 100 Pages
  • Mordor Intelligence


  • Daimler AG
  • Emergency One Group
  • Farber Specialty Vehicles
  • Force Motors Limited
  • General Motors Company
  • LDV Inc.

The specialty vehicle market was valued at around USD 96.81 billion in 2021, and it is expected to reach USD 116.8 billion by 2027, registering a CAGR of 3.16% during the forecast period (2022-2027).

In 2020, the market in focus witnessed a decline, primarily due to the COVID-19 pandemic, which caused a halt in transportation activities that disrupted the supply chain.

Key Highlights

  • Asia-Pacific is anticipated to witness the highest CAGR over the forecast period, followed by Europe and North America. The usage of these vehicles by small businesses in the United States for purposes such as food truck businesses, mobile showrooms, and advertising and promotions, along with the demand for travel, medical, and healthcare response vehicles, is expected to rise during the forecast period.
  • There has been a noticeable increase in travel activity across the world. According to the United Nations World Tourism Organization (UNWTO), the United States registered a total of 1,862.2 million domestic trips in 2019. This number has been on a gradual rise from 2009 and was valued at 1,827.5 million trips in 2018, indicating the increase in demand for travel and, therefore, the recreational vehicles used in these trips. The Bureau of Labor Statistics also estimated the annual household expenditure to be USD 336.02, which is expected to drive the domestic tourism market.
  • The economic growth in the latter half of the past decade (2010-2019) led to the global diversification and initiation of many businesses and business operations, such as mobile clinics, airport terminal expansions, and e-commerce transportation, which require specialty vehicles. In August 2019, Los Angeles Airport started the acquisition of 36 new low floor specialty vehicles trolleys from Specialty Vehicles Inc. The trolleys are used as shuttles from baggage claim areas to parking areas. The aforementioned factors and instances are driving the growth of the specialty vehicles market across the world.

Key Market Trends

Increase in Spending on Law Enforcement and Healthcare Facilities

The rise in epidemics and pandemics, road accidents, household and industrial injuries, and government-sponsored healthcare programs is leading to market growth for medical and healthcare specialty vehicles. Growth in diseases such as blood cancer, which affects a person in the United States every 3 minutes, has led to the increase in demand for blood, which is propelling the market growth for bloodmobiles.

The recent epidemics and pandemics, such as Ebola and the COVID-19 outbreak, have increased the demand for ambulances, mobile pharmacies, and mobile ICUs. In many countries, the rise in demand for ambulances surpassed the population growth rate. In New Zealand, the mobile operation theatre service started again after the COVID-19 lockdown restrictions were lifted. With the rise and development of autonomous technology for vehicles, emergency medical vehicles are expected to be equipped with semi-autonomous driving assistance technology soon.

The increase in global government spending on law enforcement and healthcare facilities is driving the demand for specialty vehicles. For instance, in FY 2019-2020, the United Kingdom spent around GBP 153 billion, with an increase of 2% compared to the previous year. According to the Public Expenditure Statistical Analyses 2019, the government spending on the law enforcement department in the United Kingdom during 2016-2017 was GBP 16.37 billion, which grew at a rate of 3.2%. During 2018-2019, it reached GBP 17.99 billion.

Asia-Pacific to exhibit the Highest Growth Rate over the Forecast Period

Asia-Pacific is anticipated to lead the specialty vehicle market. The advancements in technology developments are propelling the growth of the specialty vehicles market in the region. Various Chinese companies have delivered ambulances to local authorities and other countries during the COVID-19 pandemic. For instance,

  • In January 2020, the workshop of Brilliance Auto Group in northeast China's Liaoning province, a production center for ambulances, delivered vehicles at a rapid pace as it delivered around 400 ambulances in just a few weeks. Apart from that, 30 units of specially designed ambulances were delivered in February.
  • In April 2020, JAC Motors delivered more than 300 ambulances to the Ministry of Health of Kazakhstan in batches.

The medical and healthcare response vehicles sector is another sector that holds a major share of the market. Design and other innovative changes such as electric propulsion, separate patient compartment, negative pressure creation technology, and UV disinfection are expected to propel the medical specialty vehicle market in the near future.

Competitive Landscape

The specialty vehicles market is fairly fragmented with the presence of multinational players like Daimler, GM Group, Volvo AB, among other manufacturers. The market is witnessing many collaborations in the form of acquisitions, joint ventures, and investments in electric and autonomous driving technology.

  • In February 2020, Rev Group completed the acquisition of Spartan Emergency Response. Spartan Emergency Response and its brands, Spartan Fire Apparatus and Chassis, Smeal Fire Apparatus, Ladder Tower (LCT), and UST, may soon become part of REV’s Fire & Emergency (F&E) segment.
  • In September 2020, Bucher Municipal completed the acquisition of Spoutvac. The Spoutvac company is an Australian purpose-built manufacturer of industrial sewer and drain cleaning trucks and hydro excavation units.
  • In October 2019, Lonestar Speciality Vehicles collaborated with Dana Incorporated to launch the completely electric terminal tractor. The Spicer Electrified e-Powertrain System is designed and produced by Dana to be used by Lonestar Speciality Vehicles as a fully electrified powertrain solution.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown


  • Daimler AG
  • Emergency One Group
  • Farber Specialty Vehicles
  • Force Motors Limited
  • General Motors Company
  • LDV Inc.

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Type
5.1.1 Ambulances
5.1.2 Fire Extinguishing Trucks
5.1.3 Mobile Fuel Carrying Tankers
5.1.4 Other Types
5.2 By Application Type
5.2.1 Law Enforcement And Public Safety
5.2.2 Medical And Healthcare
5.2.3 Recreational Vehicles
5.2.4 Other Services
5.3 By Geography
5.3.1 North America United States Canada Rest of North America
5.3.2 Europe Germany United Kingdom France Rest of Europe
5.3.3 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.3.4 Rest of the World South America Middle East & Africa
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 LDV Inc.
6.2.2 Force Motors Limited
6.2.3 Matthews Specialty Vehicles Inc.
6.2.4 Specialty Vehicles Inc.
6.2.5 Farber Specialty Vehicles
6.2.6 REV Group
6.2.7 Daimler AG
6.2.8 Volvo Group
6.2.9 General Motors Company
6.2.10 Spartan Motors Inc. (Shyft Group)
6.2.11 Emergency One Group
6.2.12 Oshkosh Corporation
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • LDV Inc.
  • Force Motors Limited
  • Matthews Specialty Vehicles Inc.
  • Specialty Vehicles Inc.
  • Farber Specialty Vehicles
  • REV Group
  • Daimler AG
  • Volvo Group
  • General Motors Company
  • Spartan Motors Inc. (Shyft Group)
  • Emergency One Group
  • Oshkosh Corporation
Note: Product cover images may vary from those shown