The Service Trucks Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Service Trucks Market?
The market size of service trucks has significantly expanded recently. It is projected to increase from $35.83 billion in 2024 to $38.99 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Service Trucks Industry?
The service trucks global market report predicts the market size to reach $53.95 billion in 2029 with a compound annual growth rate (CAGR) of 8.5%.
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What are the Key Growth Drivers Fueling the Service Trucks Market?
The key drivers in the service trucks market are:
• Rising demand for on-site maintenance
• Increase in construction equipment demand
• Growth in logistics and supply chain sector
• Increase in insurance costs and trade policies
Global Market Segmentation: Identifying Major Service Trucks Industry Segments
The service trucksmarket covered in this report is segmented –
1) By Product: Utility Trucks, Mechanic Trucks, Mobile Service Trucks, Fuel And Lube Trucks, Crane Trucks, Other Products,
2) By Fuel: Internal Combustion Engine (ICE), Electric
3) By End User Industry: Construction, Government And Public Utilities, Mining, Agriculture, Transportation And Logistics, Emergency Services, Other End User Industries
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What are the emerging Trends Shaping the Future of the Service Trucks Market?
The key trends in the service trucks market are:
• Technological advancements in service trucks are dominating the market trends.
• The adoption of autonomous technologies in the service trucks industry is emerging.
• The integration of augmented reality is considered a rising trend in this market.
• The use of digital platforms and AI integration is gaining prominence.
Who Are the Top Competitors & Leading Players in the Service Trucks Market?
Major companies in the service trucks market are:
• Ford Motor Company
• Tata Motors Limited
• Paccar Inc.
• Dongfeng Motor Corporation
• Navistar International Corporation
• Altec Industries Inc.
• Knapheide Manufacturing Company
• Scelzi Enterprises Inc.
• Dakota Bodies Inc.
• General Truck Body Manufacturing Company
• Maintainer Corporation of Iowa Inc.
• ORH Truck Solutions
• Isuzu Commercial Vehicles
• Mega Corporation
• Duramag LLC
• A&H Equipment
• Public Service Truck Renting
• Jacon Technologies
• JOMAC LTD
• STG Global
• AES Equipment Solutions
• International Trucks
• Plantman Equipment
• Ryder System Inc.
Regional Dominance: Which Area Leads the Global Service Trucks Market?
Asia-Pacific was the largest region in the service trucks market in 2024
