Market Overview
The global utility trucks market is on a robust growth trajectory, projected to surge from USD 75.26 billion in 2024 to USD 163.99 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 8.04%. The momentum continues in 2025, with the market expected to reach USD 81.3 billion, driven by rapid urbanization, increased demand for municipal vehicles, and the transition toward electric vehicles (EVs).
Utility trucks—comprising dump trucks, fire trucks, garbage trucks, and more—are essential for industries such as construction, logistics, public services, and utilities. These trucks come in various payload capacities (light, medium, and heavy) and are powered by internal combustion engines (ICE), diesel, gasoline, or increasingly, electricity.
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Key Market Highlights
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Asia Pacific led the global market in terms of revenue in 2025.
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Europe is poised for the fastest CAGR during the forecast period.
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Dump trucks dominated the market by type, while fire trucks are projected to witness the highest growth rate.
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ICE-powered trucks retained the lead in 2025, but electric trucks are gaining traction at the fastest CAGR.
Growth Drivers
1. Rise in Urbanization and Housing Development
The increasing need for front and rear loader trucks in urban residential areas for efficient garbage collection has significantly propelled market growth.
2. Surge in Fire Incidents
Developed and developing nations are seeing a rise in fire-related emergencies, boosting the demand for specialized fire-fighting vehicles.
3. Push for Eco-Friendly Vehicles
Governments and corporations are investing in eco-friendly utility vehicles to reduce emissions and promote sustainable urban planning.
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Type Insights: Why Dump Trucks Dominate
In 2025, dump trucks accounted for the largest share of the utility trucks market. Their essential role in transporting bulk materials for construction and mining projects makes them indispensable.
April 2025 Highlight: Sany launched the SKT130S, a hybrid mining dump truck with a 925 kW motor generating 3200 Nm torque.
(Source: Autocar Professional)
In contrast, fire trucks are anticipated to grow rapidly due to emergency readiness initiatives.
May 2025 Highlight: Pierce Manufacturing introduced the Volterra, an advanced electric fire truck designed to modernize fire-fighting operations.
(Source: Pierce Manufacturing, Inc.)
Engine Insights: ICE Still Leads, But Electric Is Surging
Internal Combustion Engines (ICE)
In 2025, ICE-powered utility trucks remained dominant. These vehicles are widely used in municipal and construction sectors due to their durability and power.
September 2024 Highlight: Curry Supply rolled out a new ICE-based utility truck line targeting the construction industry.
(Source: Equipment Journal)
Electric Trucks
Electric trucks are accelerating in popularity due to environmental policies and EV infrastructure advancements.
March 2025 Highlight: Terex partnered with Mack Trucks to launch an electric utility truck for the U.S. market.
(Source: ForConstructionPros)
Regional Insights
Asia Pacific: The Global Leader
Asia Pacific dominated the market in 2025, thanks to strong government investment in municipal infrastructure and urban development in countries like China, India, and Japan.
February 2024 Highlight: Mitsubishi unveiled a new series of utility trucks equipped with enhanced safety features for the Japanese market.
(Source: Daimler Truck Asia)
China led the region, driven by high adoption of electric trucks and rising waste management needs.
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Europe: Rapid Growth Ahead
Europe is expected to exhibit strong growth, particularly due to the deployment of sweeper trucks and rising EV adoption in construction and logistics sectors.
March 2024 Highlight: Palfinger introduced the PAL Pro 58 Mechanics Truck in Europe with a lightweight chassis.
(Source: Fleet Equipment Mag)Germany emerged as a key market, supported by innovations in hybrid trucks and expanding EV infrastructure.
Recent Industry Developments
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April 2025: Peterbilt launched 579EV and 567EV, targeting heavy-duty dumping with high-capacity batteries. (Source: Transport Topics)
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March 2025: Mack Trucks unveiled Mack MD Electric, designed to optimize utility fleet operations. (Source: Fleet Equipment)
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April 2024: GreenPower Motor introduced an electric utility truck with a 6000 lbs payload capacity. (Source: Charged)
Final Thoughts
The utility trucks market is at the cusp of a technological transformation. With traditional ICE vehicles still commanding major applications, the shift toward electrification, enhanced government support, and rising environmental awareness are poised to redefine the market dynamics. Companies investing in innovation and sustainability are expected to lead the charge into a cleaner, more efficient future.
Source : https://www.towardsautomotive.com/insights/utility-trucks-market-sizing