How big is the Specialty Vehicle Market?

The Specialty Vehicle Market size is expected to reach USD 106.39 billion in 2024 and grow at a CAGR of 3.16% to reach USD 124.30 billion by 2029. Read More

What is the current Specialty Vehicle Market size?

In 2024, the Specialty Vehicle Market size is expected to reach USD 106.39 billion. Read More

Who are the key players in Specialty Vehicle Market?

Daimler AG, Volvo Group, General Motors Company, REV Group and Oshkosh Corporation are the major companies operating in the Specialty Vehicle Market. Read More

Which is the fastest growing region in Specialty Vehicle Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Specialty Vehicle Market?

In 2024, the Asia-Pacific accounts for the largest market share in Specialty Vehicle Market. Read More

What years does this Specialty Vehicle Market cover, and what was the market size in 2023?

In 2023, the Specialty Vehicle Market size was estimated at USD 103.13 billion. The report covers the Specialty Vehicle Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Specialty Vehicle Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Specialty Vehicle Market Report | Industry Analysis, Size & Forecast Overview

Specialty Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Specialty Vehicles Manufacturers and the market is segmented by Type (Ambulances, Fire Extinguishing Trucks, Mobile Fuel Carrying Tankers, and Other Types), Application (Law Enforcement and Public Safety, Medical and Healthcare, Recreational Vehicles, and Other Services), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market size and forecasts for specialty vehicles are provided in terms of value (USD billion) for all the above segments.

Specialty Vehicles Industry Overview

The specialty vehicle market is fairly fragmented, with multinational players including Daimler, GM Group, and Volvo AB. Many acquisitions, joint ventures, and investments in electric and autonomous driving technology are taking place in the market.

For instance, in February 2022, Lightning eMotors announced a new partnership with General Motors, making it the first GM Specialty Vehicle Manufacturer (SVM) to develop 100% electric Class 3 through 6 medium-duty commercial vehicles. Shuttles, delivery trucks, ambulances, and school buses are all supported by GM chassis.