Utility Trucks Market Booms USD 163.99 Bn at 8.04% CAGR

Utility Trucks Market Intelligence Report, Key Trends, Innovations & Market Dynamics

According to market projections, the utility trucks industry is expected to grow from USD 75.26 billion in 2024 to USD 163.99 billion by 2034, reflecting a CAGR of 8.04%. Asia Pacific led the utility trucks market in revenue, while Europe is set to grow at a notable CAGR. Dump trucks dominated by type, with fire trucks projected to grow fast. ICE engines led the market, but electric engines are rising with the fastest CAGR.

The utility trucks market is forecasted to expand from USD 81.3 billion in 2025 to USD 163.99 billion by 2034, growing at a CAGR of 8.04% from 2025 to 2034. The surge in demand for front loader trucks and rear loader trucks from housing societies to dispose garbage has played a vital role in shaping the industry in a positive direction.

Additionally, the rapid urbanization in several developed nations coupled with growing cases of fire incidents is contributing positively to the industrial expansion. The rising need for adoption eco-friendly trucks for enhancing waste management capabilities is expected to create ample growth opportunities for the market players in the upcoming days.

Utility Trucks Market Size 2024 - 2034

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Introduction

The utility trucks market is a prominent sector of the automotive industry. This industry deals in manufacturing and distribution of utility trucks in different parts of the world. There are several types of trucks developed in this sector comprising of garbage trucks, fire trucks, dump trucks, sweeper trucks and some others. These trucks are powered using different modes of propulsion systems including gasoline, diesel and electric. It comes with numerous payload capacity consisting of light payload, medium payload and heavy payload. The end-user of these trucks comprises of construction, transportation and logistics, utilities, government and services. The growing investment by government for strengthening the municipality sector has contributed to the overall industrial expansion. This market is expected to rise significantly with the growth of the commercial vehicles industry around the globe.

Highlights of the Utility Trucks Market

  • Asia Pacific generated highest revenue of the utility trucks market.
  • Europe is expected to grow with a significant CAGR during the forecast period.
  • By type, the dump truck segment held the largest share of the market.
  • By type, the fire truck segment is expected to grow with a significant CAGR during the forecast period.
  • By engine, the ICE segment led the industry.
  • By engine, the electric segment is expected to rise with the fastest CAGR during the forecast period.

Key Metrics and Overview

Metric Details
Market Size in 2024 USD 75.26 Billion
Projected Market Size in 2034 USD 163.99 Billion
CAGR (2025 - 2034) 8.04%
Leading Region Asia Pacific
Market Segmentation  By Type, By Engine and By Region
Top Key Players Ford Motor Company; ISUZU MOTORS LIMITED; NISSAN USA, General Motors

The major trends in this market consists of electric dumping trucks, government investment and increasing cases of fire incidents.

  • Electric Dumping Trucks

The truck manufacturers are investing heavily for developing electrically-powered dumping trucks with an aim to lessen vehicular emission.

  • Government Investment

The government of several countries such as India, Japan, Canada and some others are investing heavily for strengthening the municipal sector.

  • Increasing Cases of Fire Incidents

The cases of fire incidents has increased rapidly in various nations that in turn increased the application of fire trucks in recent times.

Type Insights

How did the Dump Truck Segment Led the Utility Trucks Market in 2025?

The dump truck segment dominated the market. The growing use of dump trucks for transporting bulk materials such as gravel and sand in the construction and mining sector has boosted the market expansion. Additionally, rapid investment by truck manufacturing brands for developing hybrid dump trucks with an aim to reduce vehicular emission is playing a crucial role in shaping the industrial landscape. Moreover, numerous government initiatives aimed at enhancing the road infrastructure is expected to drive the growth of the utility trucks market.

  • In April 2025, Sany launched SKT130S. SKT130S is a hybrid mining dump truck equipped with a 925 kW that generates around 3200 Nm of torque. (Source: Autocar Professional)

The fire truck segment is expected to rise with a significant CAGR during the forecast period. The rising cases of fire incidents in several countries such as the U.S., UK, India and some others has boosted the market expansion. Also, numerous government initiatives aimed at developing the fire fighting sector is playing a vital role in shaping the industry in a positive direction. Moreover, rapid investment by truck manufacturers for developing advanced fire trucks is expected to boost the growth of the utility trucks market.

  • In May 2025, Pierce launched Volterra. Volterra is an electric truck equipped with advanced technologies to enhance capabilities of fire-fighting. (Source: Pierce Manufacturing, Inc.)

Engine Insights

What Made ICE to be the Most Dominant Segment of the Utility Trucks Market in 2025?

The ICE segment held the highest share of the industry. The growing demand for heavy-duty trucks from the municipal sector has boosted the market expansion. Additionally, the rising application of diesel-powered trucks for sweeping purposes is playing a vital role in shaping the industry in a positive direction. Moreover, rapid investment by market players for developing ICE-based utility trucks to cater the needs of the logistics sector is expected to boost the growth of the utility trucks market.

  • In September 2024, Curry Supply launched a new range of utility truck. These utility trucks are designed for the construction sector. (Source: Equipment Journal)

The electric segment is expected to rise with the highest CAGR during the forecast period. The growing adoption of electric trucks from the governmental sector has boosted the market expansion. Additionally, numerous government initiatives aimed at developing the EV charging infrastructure coupled with rapid development in the mining sector is positively impacting the industrial landscape. Moreover, the increasing application of electric utility trucks in the construction sector is expected to drive the growth of the utility trucks market.

  • In March 2025, Terex partnered with Mack Trucks, Inc. This partnership is done for launching an utility truck in the U.S. (Source:For constructionpros)

Geographical Insights

Why Asia Pacific Dominated the Utility Trucks Market in 2025?

Asia Pacific led the utility trucks market. The growing investment by government of several countries such as China, India, Japan, South Korea, Singapore and some others for developing the municipal sector has fostered the market expansion. Additionally, the rise in number of residential constructions coupled with numerous government initiatives aimed at strengthening the road infrastructure is playing a vital role in shaping the industry in a positive direction. Moreover, the presence of several market players such as BYD Motors, Aichi Corporation, Toyota Motor Corporation, Mitsubishi Corporation and some others is expected to boost the growth of the utility trucks market in this region.

  • In February 2024, Mitsubishi launched a new range of utility trucks in Japan. These utility trucks is equipped with advanced safety features for enhancing safe driving. (Source: Daimler Truck Asia)

China held the highest share of the market in this region. In China, the market is generally driven by the rapid adoption of electric trucks by the government coupled with rising emphasis on garbage management. Additionally, the presence of several truck manufacturing companies along with rise in number of coal mines is contributing to the overall industrial expansion.

Europe is expected to rise with a significant CAGR during the forecast period. The rising application of sweeper trucks for cleaning streets of UK, France, Germany, Italy and some others has boosted the market growth. Also, rapid investment by government for strengthening the mining sector coupled with rapid adoption of electric trucks in the construction sector is crucial for the industrial expansion. Moreover, the presence of numerous utility trucks such as AB Volvo, Palfinger, Volkswagen Group and some others is expected to propel the growth of the utility trucks market in this region.

  • In March 2024, Palfinger launched PAL Pro 58 Mechanics Truck in Europe region. This truck is equipped with a light-weight chassis to enhance utility applications. (Source: Fleet Equipment Mag)

Germany led the market in this region. The rising development of the automotive sector coupled with technological advancements in the trucking sector has boosted the market expansion. Additionally, the rapid adoption of plug-in-hybrid trucks in the logistics industry along with rapid investment by government for strengthening the EV infrastructure is shaping the industry in a positive direction.

Industry Leader Announcement

  • In October 2024, Mayor Chris Leh, the CEO of Louisville made an announcement stating that,” We are so proud that Louisvill will be the first city in the nation with a fully electric collection fleet, these innovative EV collection trucks will fulfill our trash, compost and recycling needs, reduce noise pollution, and include larger windshields to increase each driver’s field of vision and lower greenhouse gas emissions, making our neighborhoods quieter, safer and healthier.”

Competitive Landscape

Utility Trucks Market Companies

The utility trucks market is a highly fragmented industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Ford Motor Company; ISUZU MOTORS LIMITED; NISSAN USA, General Motors; FCA US LLC.; TOYOTA MOTOR CORPORATION; Daimler Truck AG, Volkswagen Group, Navistar, Paccar and some others. These companies are constantly engaged in developing utility trucks and adopting numerous strategies such as collaborations, launches, acquisitions, joint ventures, partnerships, and some others to maintain their dominance in this industry.

  • In June 2025, Nissan launched Z9 in China. Z9 is a PHEV designed for operating utility applications in the Chinese territory.(Source: Electrek)
  • In November 2024, Volkswagen launched a new range of driverless truck in the U.S. These trucks are integrated with level 4 autonomy to enhance driving experience. (Source: Informa)

Paccar Geographic Revenue % (2024)

  • According to the annual report of Paccar, U.S. and Canada generated around 57% revenue of the company followed by others. (Source: Paccar)

Recent Developments

  • In April 2025, Peterbilt launched 579EV and the new 567EV. These two electric trucks are equipped with powerful batteries that finds application in heavy-duty dumping activities. (Source: Transport Topics)
  • In March 2025, Mack Trucks launched Mack MD Electric. This electric truck is designed for enhancing utility fleet operations.(Source: Fleet Equipment)
  • In April 2024, GreenPower Motor launched an electric utility truck. This electric utility truck comes with a payload capacity of around 6000 lbs.(Source: Charged)

Utility Trucks Market Segments

By Type

  • Garbage Truck
  • Front Loader
  • Rear Loader
  • Side Loader
  • Fire Truck
  • Dump Truck
  • Sweeper Truck
  • Street Sweeper
  • Parking Lot Sweeper

By Engine

  • ICE (Diesel/Gasoline/CNG/Hybrid)
  • Electric

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • The Middle East and Africa
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  • Insight Code: 1749
  • No. of Pages: 150
  • Format: PDF/PPT/Excel
  • Last Updated: 16 June 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Ajit Bansod is a skilled and research-driven analyst at Towards Automotive, with over 3 years of experience specializing in the intersection of automotive innovation and intelligent communication technologies.

Learn more about Ajit Bansod

Aditi Shivarkar, with 14+ years of experience in automotive market research, specializes in tracking trends across vehicle technologies, mobility solutions, and materials innovation. She delivers accurate, actionable insights that drive excellence in the automotive sector—fueling strategies around electrification, sustainability, and advanced manufacturing.

Learn more about Aditi Shivarkar
FAQ's

The utility trucks market was valued at USD 81.3 billion in 2025.

Asia Pacific dominated this industry.

The rising emphasis on developing the municipal sector coupled with rapid adoption of hybrid trucks has driven the market growth.

Some of the prominent players of this industry consists of General Motors; FCA US LLC.; TOYOTA MOTOR CORPORATION; Daimler Truck AG.; Ford Motor Company; ISUZU MOTORS LIMITED; NISSAN USA; Volkswagen Group; Mack Trucks.; NAVISTAR, INC. and some others.

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