Vocational Trucks Market
Vocational Trucks Market Study by Trailer Trucks, Dump Trucks, Concrete Mixers, and Crane Trucks from 2023 to 2033
Analysis of Vocational Trucks Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Vocational Trucks Market Outlook (2023 to 2033)
Worldwide shipments of vocational trucks stand at a market valuation of US$ 7.1 billion in 2023 and are anticipated to reach US$ 13.6 billion by the end of 2033. This Fact.MR industry survey predicts the global vocational trucks market to exhibit expansion at 6.7% CAGR over the next ten years.
Vocational trucks are trucks that are built and designed to handle specific tasks such as delivery and pick-up of garbage, firefighting, concrete mixing, etc. these types of vehicles are based on a truck chassis and custom-built as per requirements and specifications. Cargo trucks, transport trucks, pick-up trucks, and transit buses are some popular examples of vocational trucks.
Rapid increase in urbanization around the world is projected to be a prominent driver for vocational truck sales in the future and is expected to contribute handsomely to the global market growth through 2033. The rising world population is another influential aspect that is expected to favour the vocational truck demand throughout the forecast period.
Increasing investments in infrastructure development activity, rising focus on sustainability, growth in the transportation and logistics industry, surging need for utility services, and changing emission standards for vehicles around the world are other prospects that could potentially augment demand for vocational trucks over the coming years. The rising use of vocational trucks in urban services such as firefighting, police, garbage collection, etc. also provides room for growth in the market going forward.
On the contrary, a shortage of truck drivers, declining interest in truck driving as a profession, and product recalls are anticipated to restrict vocational truck shipments over the course of the next ten years and beyond.
- In September 2022, Cummins, a leading supplier of engines and other automotive components, issued a recall order for faulty engine control modules from nearly 28 manufacturers amounting to nearly 12,196 units. This fault affected all of the recalled vocational equipment trucks, buses, etc.
Vocational truck companies are focusing and investing more in R&D to develop fault-free products and are also trying to make their vehicles more efficient to comply with changing regulations and to meet the high demand for efficient vehicles. Meanwhile, governments and regulatory bodies are working on new initiatives that promote the choice of becoming a truck driver among the general population.
- The Alabama Trucking Association has been working with key trucking giants in the industry to promote workforce development in the trucking industry. The campaign is proving to be a success and has a website that links interested candidates with educational schools and technical schools to hone their skills and get them ready for the job.
An intricate account of local supply, product standards, safety regulations, pricing trends, and other market trends has been discussed extensively in this newly revised vocational trucks market research survey by Fact.MR, a market research and competitive intelligence provider.
| Report Attributes | Details |
|---|---|
| Vocational Trucks Market Size (2023) | US$ 7.1 Billion |
| Projected Market Value (2033F) | US$ 13.6 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.7% CAGR |
| Key Companies Profiled | Ford Motor Company; Volvo Group; Hino Motors Ltd.; Caterpillar; Daimler AG; ISUZU; Liebherr Group; PACCAR Inc.; Tata Motors Inc.; Volkswagen Group; FAW Group; BYD Auto Co. Ltd.; Dongfeng Motor Corporation; Navistar International Corp.; CNH Industrial N.V. |
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How Can Start-ups Have a Greater Chance of Penetrating the Vocational Truck Market?
“Electrification of Vehicles Opening Up New Market Opportunities”
Electrification of the automotive industry is a trend that has picked up pace in the past few years and this is expected to be a major factor augmenting the sales of vocational trucks in the future. Changing climate and rising global temperatures have pushed governments across the world to implement strict mandates that dictate the reduction of harmful emissions and promote the use of sustainable transportation.
Automotive manufacturers are veering towards electric vehicles (EVs) in a bid to stay relevant in the advancing future-oriented automotive industry. Vocational truck manufacturers are also adopting this trend and fulfilling the demand-supply gap that exists in the commercial EV industry landscape.
- Trova Commercial Vehicles (TrovaCV), a start-up company founded in 2020 by the former chief operating officer (COO) of Volvo Trucks, is offering its manufacturing expertise for commercial vehicles while working on its models. The company is targeting the space of commercial electric vehicles that remains uncharted territory for many automotive companies.
- Nikola, an American company was in the news for doctoring company produced videos of its products and branded a truck manufactured by General Motors as its own. However, the company has now managed to get out of those controversies with new management and has stepped up to unveil a hydrogen and electric-powered commercial truck. The start-up has shown immense potential and is projected to emerge as one of the most important players in the commercial vehicle industry in the future.
More insights about new developments by incoming vocational truck vendors and how they alter future pricing trends and product standards have been exhaustively discussed in this recently updated Fact.MR research study.
Country-wise Insights
How Will Vocational Truck Demand Evolve in the United States?
“Presence of Key Truck Manufacturers to Bolster Market Growth”
The United States is the home to some of the prominent truck manufacturing companies in the world and this makes it a highly attractive market for vocational truck suppliers as well. Supportive government initiatives to promote the use of vocational trucks, surging demand for affordable housing, changing standards of living, and evolving consumer preferences are other factors that are anticipated to sculpt vocational truck shipments in the United States through 2033.
At present, the United States accounts for a lion’s share of the demand for vocational trucks in North America and is slated to maintain its stance across the forecast period, while closely being followed by Canada.
Should Vocational Truck Manufacturers Invest in Japan?
“Presence of Local Manufacturers and Aging Population Influence Demand Growth”
Japan is home to some of the most prominent automotive companies in the world and this creates an opportune scenario for vocational truck manufacturers. However, this advantage is limited to local companies such as Isuzu, Toyota, Mitsubishi Fuso, etc. The aforementioned local suppliers of vocational trucks have built a strong and loyal customer base in the country and create a difficult situation for international vocational truck companies.
Rapidly increasing geriatric population, declining number of truck drivers, and changing consumer dynamics are other aspects that could make or break vocational truck sales in Japan going forward. Autonomous vocational trucks are anticipated to have a highly lucrative demand in the country over the next ten years, a trend that could allow foreign companies to try their luck in the Japanese marketplace.
Why Could European Countries Pan Out as Highly Remunerative Markets?
“Changing Regulatory Standards and Increasing Spending on Infrastructure Development”
European countries have been witnessing some major changes in terms of their lifestyles and consumer preferences, which are expected to favor the demand for electric vocational trucks in these countries going forward. Rising investments in infrastructure development and the incorporation of sustainable practices in day-to-day life are expected to create new opportunities for vocational truck manufacturers in Europe over the coming years.
Implementation of stringent emission mandates for commercial vehicles is estimated to especially augment sales of vocational trucks in countries such as Germany, France, Italy, Spain, etc.
- A recently proposed revision in terms of CO2 emission standards for heavy vehicles such as buses, trailers, trucks, etc. aims to reduce CO2 emissions from buses by a 100% zero emission target by 2030 and a 90% target for trucks by 2040. The proposal was yet to be approved by the Council of the European Union and the European Parliament.
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Category-wise Insights
Which Fuel is Extensively Utilized to Run Vocational Trucks?
“Diesel Vocational Trucks Account for Majority Revenue Share”
Based on vehicle type, the vocational trucks market is segmented into diesel, gas, electric, and others.
Diesel is denser and has the potential to provide 15% more energy when compared to gasoline and is also capable of delivering more torque. Both of the aforementioned factors have fueled the demand for diesel-powered heavy and commercial vehicles. At present, diesel engines account for an authoritative share in the global marketplace but, are expected to lose some of their market shares to alternative fuel-powered engines and EV technologies by the end of the forecast period.
Competitive Landscape
Leading vocational truck suppliers are focusing on launching new models of trucks that are more capable than their predecessors in terms of efficiency and working capacity as well.
- In June 2021, Autocar, a leading American automotive manufacturer, announced the launch of its new dump truck model titled ‘DC - 64’ and dubbed it as a ‘relentless workhorse’. It’s the latest addition to the company’s vocational truck lineup containing mixers, garbage trucks, etc.
Renowned vocational truck vendors are also putting together new agreements for mergers, acquisitions, and collaborations that help them expand their market share and maintain a stronghold in the competitive landscape.
- In April 2021, Battle Motors, a leading name in electric vehicle technology, announced the acquisition of Crane Carrier Company LLC (CCC), which has been a prime name in the commercial vehicle industry for over 75 years. The acquisition opened up paths of electrification for Class 7 and Class 8 vocational trucks for Battle Motors.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Key Segments of Vocational Trucks Industry Research
-
By Product :
- Trailer Trucks
- Dump Trucks
- Concrete Mixers
- Crane Trucks
- Firefighting Trucks
- Garbage Trucks
- Tank Trucks
- Others
-
By Engine :
- Diesel
- Gas
- Electric
- Others
-
By Class :
- Class 6
- Class 7
- Class 8
-
By End-use Industry :
- Construction
- Mining
- Transportation & Logistics
- Urban Services
- Others
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Introduction
- 3. Key Market Trends and Opportunity Evaluation
- 4. Market Background
- 5. Market - Pricing Analysis
- 6. Global Market Analysis
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
- 7.1. Trailer Truck
- 7.2. Dump Truck
- 7.3. Concrete Mixer
- 7.4. Crane Truck
- 7.5. Firefighting Truck
- 7.6. Garbage Truck
- 7.7. Tank Truck
- 7.8. Others
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Engine Type
- 8.1. Diesel
- 8.2. Electric
- 8.3. Gas
- 8.4. Others
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Class Type
- 9.1. Class 6
- 9.2. Class 7
- 9.3. Class 8
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry
- 10.1. Construction Industry
- 10.2. Mining Industry
- 10.3. Transportation & Logistics
- 10.4. Urban Services
- 10.5. Others
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. MEA
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Competitive Assessment
- 20. Company Profiles
- 20.1. Daimler AG
- 20.2. Ford Motor Company
- 20.3. Volkswagen Group
- 20.4. PACCAR Inc.
- 20.5. Volvo Group
- 20.6. Caterpillar Inc.
- 20.7. Liebherr Group
- 20.8. TATA Motors Ltd.
- 20.9. ISUZU
- 20.10. Hino Motors, Ltd.
- 20.11. Navistar International Corp.
- 20.12. Dongfeng Motor Corporation
- 20.13. FAW Group
- 20.14. CNH Industrial N.V.
- 20.15. BYD Auto Co., Ltd.
- 21. Disclaimer & Contact Information
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List Of Table
Table 01: Global Market Volume (Units) Analysis 2018 to 2033 by Product Type
Table 02: Global Market Value (US$ Mn) Analysis 2018 to 2033 by Product Type
Table 03: Global Market Volume (Units) Analysis 2018 to 2033 by Engine Type
Table 04: Global Market Value (US$ Mn) Analysis 2018 to 2033 by Engine Type
Table 05: Global Market Volume (Units) Analysis 2018 to 2033 by Class Type
Table 06: Global Market Value (US$ Mn) Analysis 2018 to 2033 by Class Type
Table 07: Global Market Volume (Units) Analysis 2018 to 2033 by End-Use Industry
Table 08: Global Market Value (US$ Mn) Analysis 2018 to 2033 by End-Use Industry
Table 09: Global Market Volume (Units) Analysis 2018 to 2033 by Region Type
Table 10: Global Market Value (US$ Mn) Analysis 2018 to 2033 by Region Type
Table 11: North America Market Volume (Units) Analysis 2018 to 2033 by Product Type
Table 12: North America Market Value (US$ Mn) Analysis 2018 to 2033 by Product Type
Table 13: North America Market Volume (Units) Analysis 2018 to 2033 by Engine Type
Table 14: North America Market Value (US$ Mn) Analysis 2018 to 2033 by Engine Type
Table 15: North America Market Volume (Units) Analysis 2018 to 2033 by Class Type
Table 16: North America Market Value (US$ Mn) Analysis 2018 to 2033 by Class Type
Table 17: North America Market Volume (Units) Analysis 2018 to 2033 by End-Use Industry
Table 18: North America Market Value (US$ Mn) Analysis 2018 to 2033 by End-Use Industry
Table 19: North America Market Volume (Units) Analysis 2018 to 2033 by Country
Table 20: North America Market Value (US$ Mn) Analysis 2018 to 2033 by Country
Table 21: Latin America Market Volume (Units) Analysis 2018 to 2033 by Product Type
Table 22: Latin America Market Value (US$ Mn) Analysis 2018 to 2033 by Product Type
Table 23: Latin America Market Volume (Units) Analysis 2018 to 2033 by Engine Type
Table 24: Latin America Market Value (US$ Mn) Analysis 2018 to 2033 by Engine Type
Table 25: Latin America Market Volume (Units) Analysis 2018 to 2033 by Class Type
Table 26: Latin America Market Value (US$ Mn) Analysis 2018 to 2033 by Class Type
Table 27: Latin America Market Volume (Units) Analysis 2018 to 2033 by End-Use Industry
Table 28: Latin America Market Value (US$ Mn) Analysis 2018 to 2033 by End-Use Industry
Table 29: Latin America Market Volume (Units) Analysis 2018 to 2033 by Country
Table 30: Latin America Market Value (US$ Mn) Analysis 2018 to 2033 by Country
Table 31: Europe Market Volume (Units) Analysis 2018 to 2033 by Product Type
Table 32: Europe Market Value (US$ Mn) Analysis 2018 to 2033 by Product Type
Table 33: Europe Market Volume (Units) Analysis 2018 to 2033 by Engine Type
Table 34: Europe Market Value (US$ Mn) Analysis 2018 to 2033 by Engine Type
Table 35: Europe Market Volume (Units) Analysis 2018 to 2033 by Class Type
Table 36: Europe Market Value (US$ Mn) Analysis 2018 to 2033 by Class Type
Table 37: Europe Market Volume (Units) Analysis 2018 to 2033 by End-Use Industry
Table 38: Europe Market Value (US$ Mn) Analysis 2018 to 2033 by End-Use Industry
Table 39: Europe Market Volume (Units) Analysis 2018 to 2033 by Country
Table 40: Europe Market Value (US$ Mn) Analysis 2018 to 2033 by Country
Table 41: East Asia Market Volume (Units) Analysis 2018 to 2033 by Product Type
Table 42: East Asia Market Value (US$ Mn) Analysis 2018 to 2033 by Product Type
Table 43: East Asia Market Volume (Units) Analysis 2018 to 2033 by Engine Type
Table 44: East Asia Market Value (US$ Mn) Analysis 2018 to 2033 by Engine Type
Table 45: East Asia Market Volume (Units) Analysis 2018 to 2033 by Class Type
Table 46: East Asia Market Value (US$ Mn) Analysis 2018 to 2033 by Class Type
Table 47: East Asia Market Volume (Units) Analysis 2018 to 2033 by End-Use Industry
Table 48: East Asia Market Value (US$ Mn) Analysis 2018 to 2033 by End-Use Industry
Table 49: East Asia Market Volume (Units) Analysis 2018 to 2033 by Country
Table 50: East Asia Market Value (US$ Mn) Analysis 2018 to 2033 by Country
Table 51: South Asia Market Volume (Units) Analysis 2018 to 2033 by Product Type
Table 52: South Asia Market Value (US$ Mn) Analysis 2018 to 2033 by Product Type
Table 53: South Asia Market Volume (Units) Analysis 2018 to 2033 by Engine Type
Table 54: South Asia Market Value (US$ Mn) Analysis 2018 to 2033 by Engine Type
Table 55: South Asia Market Volume (Units) Analysis 2018 to 2033 by Class Type
Table 56: South Asia Market Value (US$ Mn) Analysis 2018 to 2033 by Class Type
Table 57: South Asia Market Volume (Units) Analysis 2018 to 2033 by End-Use Industry
Table 58: South Asia Market Value (US$ Mn) Analysis 2018 to 2033 by End-Use Industry
Table 59: South Asia Market Volume (Units) Analysis 2018 to 2033 by Country
Table 60: South Asia Market Value (US$ Mn) Analysis 2018 to 2033 by Country
Table 61: Oceania Market Volume (Units) Analysis 2018 to 2033 by Product Type
Table 62: Oceania Market Value (US$ Mn) Analysis 2018 to 2033 by Product Type
Table 63: Oceania Market Volume (Units) Analysis 2018 to 2033 by Engine Type
Table 64: Oceania Market Value (US$ Mn) Analysis 2018 to 2033 by Engine Type
Table 65: Oceania Market Volume (Units) Analysis 2018 to 2033 by Class Type
Table 66: Oceania Market Value (US$ Mn) Analysis 2018 to 2033 by Class Type
Table 67: Oceania Market Volume (Units) Analysis 2018 to 2033 by End-Use Industry
Table 68: Oceania Market Value (US$ Mn) Analysis 2018 to 2033 by End-Use Industry
Table 69: Oceania Market Volume (Units) Analysis 2018 to 2033 by Country
Table 70: Oceania Market Value (US$ Mn) Analysis 2018 to 2033 by Country
Table 71: MEA Market Volume (Units) Analysis 2018 to 2033 by Product Type
Table 72: MEA Market Value (US$ Mn) Analysis 2018 to 2033 by Product Type
Table 73: MEA Market Volume (Units) Analysis 2018 to 2033 by Engine Type
Table 74: MEA Market Value (US$ Mn) Analysis 2018 to 2033 by Engine Type
Table 75: MEA Market Volume (Units) Analysis 2018 to 2033 by Class Type
Table 76: MEA Market Value (US$ Mn) Analysis 2018 to 2033 by Class Type
Table 77: MEA Market Volume (Units) Analysis 2018 to 2033 by End-Use Industry
Table 78: MEA Market Value (US$ Mn) Analysis 2018 to 2033 by End-Use Industry
Table 79: MEA Market Volume (Units) Analysis 2018 to 2033 by Country
Table 80: MEA Market Value (US$ Mn) Analysis 2018 to 2033 by Country
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List Of Figures
Figure 01: Global Market Volume (Units), 2018 to 2022
Figure 02: Global Market Volume (Units) Forecast, 2023 to 2033
Figure 03: Global Market Value (US$ Mn), 2018 to 2022
Figure 04: Global Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 05: Global Market Absolute $ Opportunity, 2022 to 2033
Figure 06: Global Market Share Analysis by Product Type to 2018, 2023 and 2033
Figure 07: Global Market Y-o-Y % by Product Type, 2022 to 2033
Figure 08: Global Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 09: Global Market Absolute $ Opportunity by Trailer Trucks Segment, 2023 to 2033
Figure 10: Global Market Absolute $ Opportunity by Dump Segment, 2023 to 2033
Figure 11: Global Market Absolute $ Opportunity by Concrete Mixer Segment, 2023 to 2033
Figure 12: Global Market Absolute $ Opportunity by Crane Trucks Segment, 2023 to 2033
Figure 13: Global Market Absolute $ Opportunity by Firefighting Truck Segment, 2023 to 2033
Figure 14: Global Market Absolute $ Opportunity by Garbage Trucks, 2023 to 2033
Figure 15: Global Market Absolute $ Opportunity by Tank Trucks Segment, 2023 to 2033
Figure 16: Global Market Absolute $ Opportunity by Others, 2023 to 2033
Figure 17: Global Market Share Analysis by Engine Type to 2018, 2023 and 2033
Figure 18: Global Market Y-o-Y % by Engine Type, 2022 to 2033
Figure 19: Global Market Attractiveness Analysis by Engine Type, 2023 to 2033
Figure 20: Global Market Absolute $ Opportunity by Diesel Segment, 2023 to 2033
Figure 21: Global Market Absolute $ Opportunity by Electric Segment, 2023 to 2033
Figure 22: Global Market Absolute $ Opportunity by Track Gas Segment, 2023 to 2033
Figure 23: Global Market Absolute $ Opportunity by Others Segment, 2023 to 2033
Figure 24: Global Market Share Analysis by Class Type to 2018, 2023 and 2033
Figure 25: Global Market Y-o-Y % by Class Type, 2022 to 2033
Figure 26: Global Market Attractiveness Analysis by Class Type, 2023 to 2033
Figure 27: Global Market Absolute $ Opportunity by Class 6 Segment, 2023 to 2033
Figure 28: Global Market Absolute $ Opportunity by Class 7, 2023 to 2033
Figure 29: Global Market Absolute $ Opportunity by Class 8 Segment, 2023 to 2033
Figure 30: Global Market Share Analysis by End Use Industry to 2018, 2023 and 2033
Figure 31: Global Market Y-o-Y % by End Use Industry, 2022 to 2033
Figure 32: Global Market Attractiveness Analysis by End Use Industry, 2023 to 2033
Figure 33: Global Market Absolute $ Opportunity by Construction Segment, 2023 to 2033
Figure 34: Global Market Absolute $ Opportunity by Mining Segment, 2023 to 2033
Figure 35: Global Market Absolute $ Opportunity by Transportation and Logistics Segment, 2023 to 2033
Figure 36: Global Market Absolute $ Opportunity by Urban Service Segment, 2023 to 2033
Figure 37: Global Market Absolute $ Opportunity by Others Segment, 2023 to 2033
Figure 38: Global Market Share Analysis by Region to 2018, 2023 and 2033
Figure 39: Global Market Y-o-Y % by Region, 2015 to 2033
Figure 40: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 41: Global Market Absolute $ Opportunity by North America Region, 2023 to 2033
Figure 42: Global Market Absolute $ Opportunity by Latin America Region, 2023 to 2033
Figure 43: Global Market Absolute $ Opportunity by Europe Region, 2023 to 2033
Figure 44: Global Market Absolute $ Opportunity by East Asia Region, 2023 to 2033
Figure 45: Global Market Absolute $ Opportunity by South Asia Region, 2023 to 2033
Figure 46: Global Market Absolute $ Opportunity by Oceania Region, 2023 to 2033
Figure 47: Global Market Absolute $ Opportunity by MEA Region, 2023 to 2033
Figure 48: North America Market Share Analysis by Product Type to 2018, 2023 and 2033
Figure 49: North America Market Y-o-Y % by Product Type, 2022 to 2033
Figure 50: North America Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 51: North America Market Share Analysis by Engine Type to 2018, 2023 and 2033
Figure 52: North America Market Y-o-Y % by Engine Type, 2022 to 2033
Figure 53: North America Market Attractiveness Analysis by Engine Type, 2023 to 2033
Figure 54: North America Market Share Analysis by Class Type to 2018, 2023 and 2033
Figure 55: North America Market Y-o-Y % by Class Type, 2022 to 2033
Figure 56: North America Market Attractiveness Analysis by Class Type, 2023 to 2033
Figure 57: North America Market Share Analysis by End Use Industry to 2018, 2023 and 2033
Figure 58: North America Market Y-o-Y % by End Use Industry, 2022 to 2033
Figure 59: North America Market Attractiveness Analysis by End Use Industry, 2023 to 2033
Figure 60: North America Market Share Analysis by Country to 2018, 2023 and 2033
Figure 61: North America Market Y-o-Y % by Country, 2022 to 2033
Figure 62: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 63: Latin America Market Share Analysis by Product Type to 2018, 2023 and 2033
Figure 64: Latin America Market Y-o-Y % by Product Type, 2022 to 2033
Figure 65: Latin America Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 66: Latin America Market Share Analysis by Engine Type to 2018, 2023 and 2033
Figure 67: Latin America Market Y-o-Y % by Engine Type, 2022 to 2033
Figure 68: Latin America Market Attractiveness Analysis by Engine Type, 2023 to 2033
Figure 69: Latin America Market Share Analysis by Class Type to 2018, 2023 and 2033
Figure 70: Latin America Market Y-o-Y % by Class Type, 2022 to 2033
Figure 71: Latin America Market Attractiveness Analysis by Class Type, 2023 to 2033
Figure 72: Latin America Market Share Analysis by End Use Industry to 2018, 2023 and 2033
Figure 73: Latin America Market Y-o-Y % by End Use Industry, 2022 to 2033
Figure 74: Latin America Market Attractiveness Analysis by End Use Industry, 2023 to 2033
Figure 75: Latin America Market Share Analysis by Country to 2018, 2023 and 2033
Figure 76: Latin America Market Y-o-Y % by Country, 2022 to 2033
Figure 77: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 78: Europe Market Share Analysis by Product Type to 2018, 2023 and 2033
Figure 79: Europe Market Y-o-Y % by Product Type, 2022 to 2033
Figure 80: Europe Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 81: Europe Market Share Analysis by Engine Type to 2018, 2023 and 2033
Figure 82: Europe Market Y-o-Y % by Engine Type, 2022 to 2033
Figure 83: Europe Market Attractiveness Analysis by Engine Type, 2023 to 2033
Figure 84: Europe Market Share Analysis by Class Type to 2018, 2023 and 2033
Figure 85: Europe Market Y-o-Y % by Class Type, 2022 to 2033
Figure 86: Europe Market Attractiveness Analysis by Class Type, 2023 to 2033
Figure 87: Europe Market Share Analysis by End Use Industry to 2018, 2023 and 2033
Figure 88: Europe Market Y-o-Y % by End Use Industry, 2022 to 2033
Figure 89: Europe Market Attractiveness Analysis by End Use Industry, 2023 to 2033
Figure 90: Europe Market Share Analysis by Country to 2018, 2023 and 2033
Figure 91: Europe Market Y-o-Y % by Country, 2022 to 2033
Figure 92: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 93: East Asia Market Share Analysis by Product Type to 2018, 2023 and 2033
Figure 94: East Asia Market Y-o-Y % by Product Type, 2022 to 2033
Figure 95: East Asia Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 96: East Asia Market Share Analysis by Engine Type to 2018, 2023 and 2033
Figure 97: East Asia Market Y-o-Y % by Engine Type, 2022 to 2033
Figure 98: East Asia Market Attractiveness Analysis by Engine Type, 2023 to 2033
Figure 99: East Asia Market Share Analysis by Class Type to 2018, 2023 and 2033
Figure 100: East Asia Market Y-o-Y % by Class Type, 2022 to 2033
Figure 101: East Asia Market Attractiveness Analysis by Class Type, 2023 to 2033
Figure 102: East Asia Market Share Analysis by End Use Industry to 2018, 2023 and 2033
Figure 103: East Asia Market Y-o-Y % by End Use Industry, 2022 to 2033
Figure 104: East Asia Market Attractiveness Analysis by End Use Industry, 2023 to 2033
Figure 105: East Asia Market Share Analysis by Country to 2018, 2023 and 2033
Figure 106: East Asia Market Y-o-Y % by Country, 2022 to 2033
Figure 107: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 108: South Asia Market Share Analysis by Product Type to 2018, 2023 and 2033
Figure 109: South Asia Market Y-o-Y % by Product Type, 2022 to 2033
Figure 110: South Asia Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 111: South Asia Market Share Analysis by Engine Type to 2018, 2023 and 2033
Figure 112: South Asia Market Y-o-Y % by Engine Type, 2022 to 2033
Figure 113: South Asia Market Attractiveness Analysis by Engine Type, 2023 to 2033
Figure 114: South Asia Market Share Analysis by Class Type to 2018, 2023 and 2033
Figure 115: South Asia Market Y-o-Y % by Class Type, 2022 to 2033
Figure 116: South Asia Market Attractiveness Analysis by Class Type, 2023 to 2033
Figure 117: South Asia Market Share Analysis by End Use Industry to 2018, 2023 and 2033
Figure 118: South Asia Market Y-o-Y % by End Use Industry, 2022 to 2033
Figure 119: South Asia Market Attractiveness Analysis by End Use Industry, 2023 to 2033
Figure 120: South Asia Market Share Analysis by Country to 2018, 2023 and 2033
Figure 121: South Asia Market Y-o-Y % by Country, 2022 to 2033
Figure 122: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 123: Oceania Market Share Analysis by Product Type to 2018, 2023 and 2033
Figure 124: Oceania Market Y-o-Y % by Product Type, 2022 to 2033
Figure 125: Oceania Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 126: Oceania Market Share Analysis by Engine Type to 2018, 2023 and 2033
Figure 127: Oceania Market Y-o-Y % by Engine Type, 2022 to 2033
Figure 128: Oceania Market Attractiveness Analysis by Engine Type, 2023 to 2033
Figure 129: Oceania Market Share Analysis by Class Type to 2018, 2023 and 2033
Figure 130: Oceania Market Y-o-Y % by Class Type, 2022 to 2033
Figure 131: Oceania Market Attractiveness Analysis by Class Type, 2023 to 2033
Figure 132: Oceania Market Share Analysis by End Use Industry to 2018, 2023 and 2033
Figure 133: Oceania Market Y-o-Y % by End Use Industry, 2022 to 2033
Figure 134: Oceania Market Attractiveness Analysis by End Use Industry, 2023 to 2033
Figure 135: Oceania Market Share Analysis by Country to 2018, 2023 and 2033
Figure 136: Oceania Market Y-o-Y % by Country, 2022 to 2033
Figure 137: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 138: MEA Market Share Analysis by Product Type to 2018, 2023 and 2033
Figure 139: MEA Market Y-o-Y % by Product Type, 2022 to 2033
Figure 140: MEA Market Attractiveness Analysis by Product Type, 2023 to 2033
Figure 141: MEA Market Share Analysis by Engine Type to 2018, 2023 and 2033
Figure 142: MEA Market Y-o-Y % by Engine Type, 2022 to 2033
Figure 143: MEA Market Attractiveness Analysis by Engine Type, 2023 to 2033
Figure 144: MEA Market Share Analysis by Class Type to 2018, 2023 and 2033
Figure 145: MEA Market Y-o-Y % by Class Type, 2022 to 2033
Figure 146: MEA Market Attractiveness Analysis by Class Type, 2023 to 2033
Figure 147: MEA Market Share Analysis by End Use Industry to 2018, 2023 and 2033
Figure 148: MEA Market Y-o-Y % by End Use Industry, 2022 to 2033
Figure 149: MEA Market Attractiveness Analysis by End Use Industry, 2023 to 2033
Figure 150: MEA Market Share Analysis by Country to 2018, 2023 and 2033
Figure 151: MEA Market Y-o-Y % by Country, 2022 to 2033
Figure 152: MEA Market Attractiveness Analysis by Country, 2023 to 2033
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- FAQs -
How big is the vocational trucks market?
The global vocational trucks market is valued at US$ 7.1 billion in 2023.
Where will vocational truck shipments rise substantially?
Vocational truck sales are forecasted to rise rapidly in Asia Pacific over the next ten years.
What is the projected market size & growth rate of the vocational trucks market?
From 2023 to 2033, shipments of vocational trucks are set to increase at 6.7% CAGR and reach a value of US$ 13.6 billion by 2033.
Which region accounts for a dominant market share?
Sales of vocational trucks in North America account for a commanding share of the global market.
Who is the market leader in the trucks industry?
Class 8 vehicle manufacturers are leading the global marketplace.
Vocational Trucks Market