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Sep 15, 2020 1:00 PM ET

Utility Trucks Market Report – Comprehensive Analysis on Global Market by Company, by Dynamics, by Region, by Type, and by Application (2020-2027)

iCrowd Newswire - Sep 15, 2020

From an insight perspective, this research report has focused on various levels of analysis—industry trends analysis, top players analysis, company profiles, which discuss the basic views on the competitive landscape, emerging and high-growth segments of Utility Trucks market, and high-growth regions. Besides, drivers, restraints, challenges, and opportunities pertaining to Utility Trucks market are also predicted in this report.

Asia Pacific dominates the market, with high demand for the products due to the increasing number of construction and mining projects in the region. For instance, China’s Belt and Road Initiative is expected to open up new growth opportunities for the construction market. In addition, the Tokyo Olympics is also one of the key factors for the rising demand for utility trucks in Japan. North America is expected to be the second fastest growing regional market. The U.S. accounted for the largest revenue share in the North American market owing to the strong demand from companies or government agencies working in end-use industries such as waste management, construction services, fire safety, and infrastructure cleaning services. The U.S. also accounts for a large share of the global mining production, which will further drive the market in the region. The global utility truck market size is estimated to reach USD 52.6 billion by 2025.

The global utility truck market can be segmented into garbage trucks, fire trucks, dump trucks, and sweepers. Most of the current fleet of utility trucks are fuel driven as diesel and gasoline engines offer higher torque than torque gas and hybrid engines.

Growing interest in waste management technologies due to increasing rates of solid waste disposal has led to a surge in demand for garbage trucks. Increasing budgetary allocations and growing demand for sustainable infrastructure are driving the adoption of multi-purpose trucks. There is a growing demand for dump trucks in areas with extensive construction and mining activities. Moreover, governments have started enforcing stringent regulations regarding fire safety and rescue operations due to increase in fire incidents, which has spurred the demand for fire trucks.

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Prime Competitors
The leading companies in the Utility Trucks market cover
AB Volvo
Magirus GmbH
Oshkosh Corporation
Bucher Industries
Nilflisk Group
Daimler AG
Dover Corporation
Global Environmental Products
Rosenbauer International AG
AEBI Schmidt Holding AG

Utility Trucks Application Abstract
The Utility Trucks is commonly used into:
Garbage disposal
fire control
Transportation of goods

Type Synopsis:
Garbage truck
fire engine
Dump truck

Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Utility Trucks Market

2 Market Trends and Competitive Landscape
3 Segmentation of Utility Trucks Market by Types
4 Segmentation of Utility Trucks Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Utility Trucks Market in Major Countries
7 North America Utility Trucks Landscape Analysis
8 Europe Utility Trucks Landscape Analysis
9 Asia Pacific Utility Trucks Landscape Analysis
10 Latin America, Middle East & Africa Utility Trucks Landscape Analysis
11 Major Players Profile

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Overall Regions Outlook North America (U.S., Canada, Mexico) Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe) Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific) Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries) Others

Report Key Audience
Utility Trucks manufacturers
Downstream vendors and end-users
Traders, distributors, and resellers of Utility Trucks
Utility Trucks industry associations and research organizations
Product managers, Utility Trucks industry administrator, C-level executives of the industries
Market Research and consulting firms

Key Questions Answered by Global Market Monitor Research Report:
What is the size and CAGR of the global Utility Trucks Market?
Which are the leading segments of the global market?
Which region may hit the highest market share in the coming era?
What are the main strategies adopted in the global market?
What growth impetus or acceleration market carries during the forecast period?
What are the key driving factors of the most profitable regional market?
What trends, challenges, and barriers will impact the development and sizing of the Global Utility Trucks Market?

About Global Market Monitor
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We always maintain the win-win spirit, reliable quality and the vision of keeping pace with The Times, to help enterprises achieve revenue growth, cost reduction, and efficiency improvement, and significantly avoid operational risks, to achieve lean growth. Global Market Monitor has provided professional market research, investment consulting, and competitive intelligence services to thousands of organizations, including start-ups, government agencies, banks, research institutes, industry associations, consulting firms, and investment firms.

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