Market Size of Municipal Vehicles Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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 | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
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.
Municipal Vehicles Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porters Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Displacement
-
2.1.1 up to 10 tons
-
2.1.2 10 to 20 tons
-
2.1.3 20 to 30 tons
-
2.1.4 more than 30 tons
-
-
2.2 Ownership
-
2.2.1 Municipality Owned
-
2.2.2 Outsourced
-
-
2.3 Application
-
2.3.1 Waste Collection and disposal
-
2.3.2 Water Supply
-
2.3.3 Firefighting
-
2.3.4 Construction and Repairing
-
2.3.5 Others
-
-
2.4 Geography
-
2.4.1 North America
-
2.4.1.1 United States Of America
-
2.4.1.2 Canada
-
2.4.1.3 Mexico
-
2.4.1.4 Rest of North America
-
-
2.4.2 Europe
-
2.4.2.1 Germany
-
2.4.2.2 United Kingdom
-
2.4.2.3 France
-
2.4.2.4 Russia
-
2.4.2.5 Rest of Europe
-
-
2.4.3 Asia Pacific
-
2.4.3.1 India
-
2.4.3.2 China
-
2.4.3.3 Japan
-
2.4.3.4 Rest of Asia Pacific
-
-
2.4.4 South America
-
2.4.4.1 Brazil
-
2.4.4.2 Argentina
-
-
2.4.5 Middle East and Africa
-
2.4.5.1 UAE
-
2.4.5.2 Saudi Arabia
-
2.4.5.3 Other Countries
-
-
-
Municipal Vehicles Market Size FAQs
What is the current Municipal Vehicles Market size?
The Municipal Vehicles Market is projected to register a CAGR of less than 8% during the forecast period (2024-2029)
Who are the key players in Municipal Vehicles Market?
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.
