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Utility Trucks Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

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    Report

  • 169 Pages
  • August 2025
  • Region: Global
  • Expert Market Research
  • ID: 5926256
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.

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.

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.

December 2024

Avangrid announced plans to purchase over 130 hybrid bucket trucks to electrify its Northeast fleet. The hybrid vehicles offer advantages like fuel efficiency, improved safety, and longer vehicle life. Additionally, Southern California Edison showcased an all-electric Chevy Silverado, demonstrating the feasibility of electrifying utility fleets.

April 2024

GreenPower launched the customizable EV Star Utility Truck, featuring a 118-kWh battery and a range of up to 150 miles. The truck has a 5,500-pound payload capacity, customizable body configurations, and offers power sources for tool charging. It supports fast and wireless DC charging, with applications across multiple industries.

October 2023

Stellar Industries debuted three new products at Utility Expo 2023: a poly lube skid, a cordless drill pump for cable trailers, and a bale-style pull-handle toolbox system. The cordless drill pump increased efficiency by raising a 2,000-pound reel in under 25 seconds, while the lube skid improved lubrication services with enhanced contamination control.

June 2023

Textron Specialized Vehicles launched two new street-legal Cushman utility models, the Tour LSV and Hauler PRO LSV. These vehicles, suitable for roads with speed limits up to 35 MPH, feature DOT-certified safety equipment. Both are powered by Samsung SDI lithium batteries and offer enhanced safety and functionality for personnel transport and utility tasks.

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.

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.

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

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.

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.

Table of Contents

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Utility Trucks Market Analysis
5.1 Key Industry Highlights
5.2 Global Utility Trucks Historical Market (2018-2024)
5.3 Global Utility Trucks Market Forecast (2025-2034)
5.4 Global Utility Trucks Market by Product
5.4.1 Garbage Trucks
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.2 Fire Trucks
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.4.3 Dump Trucks
5.4.3.1 Historical Trend (2018-2024)
5.4.3.2 Forecast Trend (2025-2034)
5.4.4 Sweeper Trucks
5.4.4.1 Historical Trend (2018-2024)
5.4.4.2 Forecast Trend (2025-2034)
5.5 Global Utility Trucks Market by Engine Type
5.5.1 ICE (Diesel/Gasoline/CNG/Hybrid) Engine
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 Electric Engine
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.6 Global Utility Trucks Market by Region
5.6.1 North America
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Europe
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.6.3 Asia-Pacific
5.6.3.1 Historical Trend (2018-2024)
5.6.3.2 Forecast Trend (2025-2034)
5.6.4 Latin America
5.6.4.1 Historical Trend (2018-2024)
5.6.4.2 Forecast Trend (2025-2034)
5.6.5 Middle East and Africa
5.6.5.1 Historical Trend (2018-2024)
5.6.5.2 Forecast Trend (2025-2034)
6 North America Utility Trucks Market Analysis
6.1 United States of America
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.2 Canada
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
7 Europe Utility Trucks Market Analysis
7.1 United Kingdom
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Germany
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 France
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Italy
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Others
8 Asia-Pacific Utility Trucks Market Analysis
8.1 China
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Japan
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 India
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 ASEAN
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Australia
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Others
9 Latin America Utility Trucks Market Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Argentina
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Mexico
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Others
10 Middle East and Africa Utility Trucks Market Analysis
10.1 Saudi Arabia
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 United Arab Emirates
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Nigeria
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 South Africa
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Supplier Selection
13.2 Key Global Players
13.3 Key Regional Players
13.4 Key Player Strategies
13.5 Company Profiles
13.5.1 Volvo Group
13.5.1.1 Company Overview
13.5.1.2 Product Portfolio
13.5.1.3 Demographic Reach and Achievements
13.5.1.4 Certifications
13.5.2 Aebi Schmidt Holding AG
13.5.2.1 Company Overview
13.5.2.2 Product Portfolio
13.5.2.3 Demographic Reach and Achievements
13.5.2.4 Certifications
13.5.3 Bucher Municipal AG
13.5.3.1 Company Overview
13.5.3.2 Product Portfolio
13.5.3.3 Demographic Reach and Achievements
13.5.3.4 Certifications
13.5.4 BYD Motors Inc.
13.5.4.1 Company Overview
13.5.4.2 Product Portfolio
13.5.4.3 Demographic Reach and Achievements
13.5.4.4 Certifications
13.5.5 Daimler AG
13.5.5.1 Company Overview
13.5.5.2 Product Portfolio
13.5.5.3 Demographic Reach and Achievements
13.5.5.4 Certifications
13.5.6 Magirus GmbH
13.5.6.1 Company Overview
13.5.6.2 Product Portfolio
13.5.6.3 Demographic Reach and Achievements
13.5.6.4 Certifications
13.5.7 Oshkosh Corporation
13.5.7.1 Company Overview
13.5.7.2 Product Portfolio
13.5.7.3 Demographic Reach and Achievements
13.5.7.4 Certifications
13.5.8 Rosenbauer International AG
13.5.8.1 Company Overview
13.5.8.2 Product Portfolio
13.5.8.3 Demographic Reach and Achievements
13.5.8.4 Certifications
13.5.9 Dongfeng Motor Group Co., Ltd.
13.5.9.1 Company Overview
13.5.9.2 Product Portfolio
13.5.9.3 Demographic Reach and Achievements
13.5.9.4 Certifications
13.5.10 Others

Companies Mentioned

The key companies featured in this Utility Trucks market report include:
  • Volvo Group
  • Aebi Schmidt Holding AG
  • Bucher Municipal AG
  • BYD Motors Inc.
  • Daimler AG
  • Magirus GmbH
  • Oshkosh Corporation
  • Rosenbauer International AG
  • Dongfeng Motor Group Co., Ltd.

Table Information