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Utility Truck Market Global Industry Size, Demand, Growth Analysis, Share, Revenue and Forecast 2027

The Utility Truck – Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research and development activities, supply chain analysis, competitive landscape, and market composition analysis.

The global Utility Truck market report contains market revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe.

This report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.

The global utility truck market size is projected to reach USD 90.66 billion by the end of 2026. The increasing demand and subsequent availability of utility truck across the world will aid the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled Utility Truck Market Size, Share and Industry Analysis, By Truck Type (Garbage Truck, Fire Truck, Dump Truck, Sweeper Truck, and Others), By Engine Type (ICE and Electric) and Regional Forecast, 2019-2026,” the market was worth USD 47.22 billion in 2018 and will exhibit a CAGR of 8.7% during the forecast period, 2019-2026.

Utility trucks are automobiles that are designed for user-specific purposes. They are manufactured on the basis of the function that they are going to perform. They are mostly used by private and government organizations. The availability of fire trucks, garbage disposals, and cleaning trucks will lead to a wider product adoption across the world. The massive investment in the adoption of electric utility trucks as well as hybrid trucks will emerge in favor of the companies operating in the market. Technological advancements have played a vital role in the growth of the market and the emphasis on the reduction of fuel combustion will emerge in favor of market growth.

 

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Report Focus on:

  • Extensive product offerings
  • Customer research services
  • Robust research methodology
  • Comprehensive reports
  • Latest technological developments
  • Value chain analysis
  • Potential Market opportunities
  • Growth dynamics
  • Quality assurance
  • Post-sales support
  • Regular report updates

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

 

Click here to get the short-term and long-term impact of COVID-19 on the utility truck market:

https://www.fortunebusinessinsights.com/utility-truck-market-102616

 

Increasing Number of Product Launches Will Aid Growth of the Market

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches has made the highest impact on the growth of the market. The demand for hybrid utility trucks has created several opportunities for the companies in the market. In April 2019, LION Electric announced the launch of new garbage utility truck that is powered by electricity. The ‘Class 8’ garbage truck will be powered by a lithium ion NMC battery and will help cater the demand for hybrid utility truck by consumers. LION’s latest hybrid utility vehicle will njjot just help the company generate substantial market revenue, but will have a direct impact on the growth of the market in the forthcoming years.

North America Dominates the Global Market; Presence of Numerous Large Scale Companies Will Favor Growth

The report analyzes the ongoing utility truck market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, North America accounted for the highest market share in 2018. The use of hybrid and electric trucks has had a direct impact on the growth of the market in this region. As of 2018, the market in North America was worth USD 18,085 million and this value is projected to increase further in the coming years. Besides North America, the market in Europe and Asia Pacific will witness considerable CAGR in the coming years, driven by the increasing urbanization and constantly rising population in several countries across this region.

List of best companies that are operating in the utility truck market research report:

  • Ford Motor Company
  • AB Volvo
  • BYD Motors, Inc.
  • Daimler AG
  • Rosenbauer International AG.
  • Navistar
  • Paccar
  • Pierce Manufacturing, Inc.
  • Others

 

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Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Merger, Acquisitions, and Partnerships
    • Distributor Analysis For Major Players
    • Growth and Penetration Analysis
    • Porter’s Five Forces Analysis
    • PEST Analysis
    • Vendor Landscape
  • Global Utility Truck Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast By Truck Type
      • Garbage Truck
      • Fire Truck
      • Dump Truck
      • Sweeper Truck
      • Other
    • Market Analysis, Insights and Forecast By Engine Type
      • ICE
      • Electric
    • Market Analysis, Insights and Forecast By Region
      • North America
      • Europe
      • Asia pacific
      • Rest of the World

TOC Continued…!

 

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Reasons to Purchase this Report:

  • Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

Industry Developments:

December 2018: Pierce Manufacturing Inc., has announced that it has delivered five Pierce®Enforcerpumpers and one Ascendant®107’ Aerial Ladder to the Alabama Fire and Rescue Department.

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Arthur Siegrist

By Arthur Siegrist

Arthur has nearly a decade of media experience. Before joining FBI Market News, he ran content operations of several local news journals. He also vast experience stock market, corporate communications, public relations, and digital marketing. Arthur holds a commerce degree from the University of Oakland and a post-graduate degree in English from NYU.