Municipal Vehicles Market Size (2024 - 2029)

The municipal vehicle market is anticipated to experience significant growth, driven by increasing environmental concerns and the need for efficient waste management solutions. The demand for municipal trucks, particularly for waste collection and disposal, is rising globally due to heightened recycling efforts and substantial investments in developing regions. Additionally, the shift towards electric commercial vehicles in North America and Europe, spurred by stringent regulations, is expected to further influence the market's expansion. However, challenges such as the high cost of electric vehicles and inadequate charging infrastructure in developing countries may impede growth in those regions.

Market Size of Municipal Vehicles Industry

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municipal vehicles market overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR < 8.00 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

municipal vehicles market key players

*Disclaimer: Major Players sorted in no particular order

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Municipal Vehicles Market Analysis

The municipal vehicles market is expected to exhibit a growth rate of nearly 8% during the forecast period 2020-2025.

Grave environmental concerns such as global warming, increasing construction and rising population is creating immense pressure on freshwater reserves especially groundwater. As a result, major cities in the Asia Pacific and Africa face acute water shortage during summer. Water trucks play a major role in supplying per capita per day 69 liters in Indian cities. The per capita per day requirement of water in Indian cities is 135 liters.

Major application of municipal trucks that can be seen around the world is waste collection and disposal. Every year on an average, nearly 2 billion tons of waste is generated due to various activities. Owing to the increased focus on recycling, safe disposal and world bank spending of nearly USD 5 billion since 2000 in various developing parts of the world, the demand for waste collection and disposal vehicles will increase during the forecast period.

Due to stringent economic rules and regulations, North America and European countries are rapidly adopting to electric commercial vehicles and this factor will drive the market in future. However, the high cost associated with electric vehicles and lack of charging infrastructure will hinder the adoption rate in developing countries.

Municipal Vehicles Industry Segmentation

The municipal vehicle market covers the latest trends and technological development in the municipal vehicle market, demand by displacement type, ownership type, application type, geography and market share of major municipal vehicle producers across the world.

Displacement
up to 10 tons
10 to 20 tons
20 to 30 tons
more than 30 tons
Ownership
Municipality Owned
Outsourced
Application
Waste Collection and disposal
Water Supply
Firefighting
Construction and Repairing
Others
Geography
North America
United States Of America
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
South America
Brazil
Argentina
Middle East and Africa
UAE
Saudi Arabia
Other Countries
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Municipal Vehicles Market Size Summary

The municipal vehicle market is poised for significant growth, driven by increasing environmental concerns and urbanization. As cities, particularly in the Asia Pacific and Africa, grapple with water shortages exacerbated by rising populations and construction activities, the demand for water trucks is on the rise. Waste collection and disposal vehicles are also seeing heightened demand due to the global emphasis on recycling and safe waste management, supported by substantial investments from international organizations. The adoption of advanced technologies like GPS and sensors is enhancing the efficiency and safety of these operations, further propelling market growth. In regions like China and India, rapid urban development and government initiatives aimed at cleanliness and smart city projects are contributing to the expansion of the municipal vehicle sector.

The market landscape is characterized by a mix of established players and emerging technologies, with companies like Daimler, Autocar, and Dongfeng leading the charge. The shift towards sustainable solutions, such as electric and CNG-powered vehicles, is gaining momentum, particularly in North America and Europe, although challenges like high costs and inadequate infrastructure in developing countries persist. The construction and repair vehicle segment is expected to experience robust growth, driven by ongoing infrastructure projects. Overall, the municipal vehicle market is set to expand, supported by strategic investments and technological advancements aimed at addressing urban challenges and enhancing operational efficiency.

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Municipal Vehicles Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Displacement

      1. 2.1.1 up to 10 tons

      2. 2.1.2 10 to 20 tons

      3. 2.1.3 20 to 30 tons

      4. 2.1.4 more than 30 tons

    2. 2.2 Ownership

      1. 2.2.1 Municipality Owned

      2. 2.2.2 Outsourced

    3. 2.3 Application

      1. 2.3.1 Waste Collection and disposal

      2. 2.3.2 Water Supply

      3. 2.3.3 Firefighting

      4. 2.3.4 Construction and Repairing

      5. 2.3.5 Others

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States Of America

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

        4. 2.4.1.4 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Russia

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia Pacific

        1. 2.4.3.1 India

        2. 2.4.3.2 China

        3. 2.4.3.3 Japan

        4. 2.4.3.4 Rest of Asia Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 UAE

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Other Countries

Municipal Vehicles Market Size FAQs

The Municipal Vehicles Market is projected to register a CAGR of less than 8% during the forecast period (2024-2029)

Dennis Eagle Inc., Autocar Company Inc., Mack Trucks Inc., Spartan Motors Inc. and Commercial Engineers and Body Builders Co. (P) ltd. (CEBBCO) are the major companies operating in the Municipal Vehicles Market.

Municipal Vehicle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)