Global Service Truck Bodies Market Size By Type (Steel, Aluminum, Fiberglass), By Application (Construction, Mining, Utility) By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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 Service Truck Bodies Market Size And Forecast

Service Truck Bodies Market size was valued at USD 3113.09 Billion in 2024 and is projected to reach USD 4509.5 Billion by 2031, growing at a CAGR of 5.23% during the forecast period 2024-2031.

This market is expanding due to rising development and infrastructure spending as well as rising demand for specialized vehicles. The report offers a Service Truck Body of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Service Truck Bodies Market Definition

Service Truck Bodies are utility truck bodies with specialized features to cater to service-related businesses’ needs, including plumbing, building, and electrical work. These bodies are attached to the back of a truck chassis and are often made to accommodate the user’s specific tools and equipment. Drivers can compartmentalize everything they require daily with the help of a service body, which saves time and reduces headaches.

When compared to throwing tools into a pickup’s open bed, it also offers more protection. The following are some advantages of Service Truck BodiesEnhanced EfficiencyWith a personalized service truck body, technicians can keep their supplies organized and at hand. By doing so, productivity can be increased, and time spent looking for tools can be decreased.

Increased MobilityService workers can quickly transfer tools and equipment to and from job sites because Service Truck Bodies are made to be mobile. This may contribute to less downtime and more productivity. Improved SafetyToolboxes that lock and equipment tie-downs are safety elements that can be incorporated into service truck bodywork. On the job site, this helps reduce accidents and injuries. Service truck bodywork can be modified to match the user’s unique requirements.

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Global Service Truck Bodies Market Overview

Another widely used material for service truck bodywork is aluminum. It is appropriate for applications where weight is crucial because it offers a lightweight yet durable solution. Aluminum truck bodies are a common choice for service and utility trucks because they resist rust and corrosion. A lightweight material with high corrosion resistance and durability is fiberglass.

It is perfect for uses where weight is essential, including in the utilities and telecommunications sectors. The need for effective and affordable tool and equipment transportation, as well as the increased demand for service trucks from a variety of end-use sectors, are the main factors propelling the expansion of the global market for Service Truck Bodies. In the upcoming years, the growing practice of outsourcing maintenance and repair services is also anticipated to increase demand for service trucks.

The high need for lightweight components to reduce fuel consumption, expansion in the construction industry, and mining, which is expanding significantly, are the driving forces behind the market for Service Truck Bodies. Other considerations include growing demand for passenger automobiles, ongoing technological developments, and increasing safety concerns. Because raw materials like steel plates and aluminum alloy plates are in short supply, their low availability is a market restraint.

The vehicle’s primary purpose is to transport tools and other large equipment needed for construction work. It can also serve as an office where workers can accept orders or send out cars. Body-on-chassis and Cutaway are the two significant types of Service Truck Bodies used in construction. Unlike Cutaway, which has no frame or structure, body-on-chassis trucks include the cargo compartment as an inherent element of the heavy vehicle chassis. Asia-Pacific is anticipated to fastest growing region due to the rising demand for commercial vehicles and the expansion of infrastructure projects in the area.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Service Truck Bodies market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Service Truck Bodies Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Service Truck Bodies Market Segmentation Analysis

The Global Service Truck Bodies Market is Segmented on the basis of Type, Application and Geography

Service Truck Bodies Market, By Type

  •  Steel
  • Aluminum
  • Fiberglass
  • Others

So, what exactly are Service Truck Bodies made of? You've got your Steel, Aluminum, Fiberglass, and even Others. Steel is the most popular choice right now, dominating the market. But each material has its own advantages for building these truck bodies. Picking the right one is all about balancing what you need - think price, weight, durability, and how you'll actually use the truck. Steel's a favorite for a reasonit's super strong and lasts forever, perfect for those really tough jobs. If your truck's facing bad weather, rough treatment, or impacts, a steel truck body is often your best bet, which is why they're so common in industrial and construction work.

Service Truck Bodies Market, By Application

  • Construction
  • Mining
  • Utility
  • Other

So, where do you see Applications for these service trucks? Well, it's things like Mining, Construction, Utility work, and even Other Applications. Think about it – construction sites, mines, utility crews – these are all places where you'll spot these trucks doing their thing. They're basically mobile workshops, bringing maintenance and repairs directly to the job, plus hauling all the necessary tools, equipment, and parts. And right now, the construction industry is the biggest user, thanks to all the building that's happening everywhere. But remember, utility companies and the mining industry love these Service Truck Bodies too!

Service Truck Bodies Market, By Geography

  • North America
  • Europe
  •  Asia Pacific
  • Latin America
  • Middle East and Africa

Based on Geography, the global Service Truck Bodies market is classified into North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. North American region accounted for the highest market share in the global Service Truck Bodies market in 2021. This is because there are important competitors in the area, there is a significant need for service trucks across various end markets, and more people are embracing cutting-edge technology. Due to the rising demand for service trucks in the mining and construction industries, the Asia-Pacific region is also anticipated to expand considerably in the upcoming years.

Key Players

The global Service Truck Bodies Market includes some of the major players of the industry are Reading Truck Body LLC, Knapheide Manufacturing Company, Royal Truck Body, Morgan Corporation, Scelzi Enterprises Inc., Maintainer Corporation of Iowa Inc., Dakota Bodies Inc., Rockport Commercial Vehicles, Truck Bodies & Equipment International, Duramag LLC, Supreme Corporation, Pacific Truck Colors, General Truck Body Manufacturing Company, JOMAC LTD., TruckCraft Corporation, and others. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the players mentioned above globally.

Key Development

  • In 2020, Reading Truck Group purchased the assets of Action Fabrication and Truck Equipment to increase its selection of Service Truck Bodies.
  • In 2020, Fontaine Modification and Fyda Freightliner partnered to provide specialized truck modifications and unfitting services,Tiger Group purchased Crane Carrier Company’s assets in 2020, including its service truck body division, to diversify its product line.
  • In 2021 Stellar Industries expanded its product lineup in the service truck body market by acquiring the American Eagle Accessories Group’s assets.
  • In 2021, Godwin Manufacturing Company, Inc. established cooperation with Scelzi Enterprises, Inc. to provide a more excellent selection of service truck body options,
  • In 2021, Knapheide Manufacturing Company expanded its footprint in the United States by acquiring the Nelson Truck Equipment Company’s assets.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Reading Truck Body LLC, Knapheide Manufacturing Company, Royal Truck Body, Morgan Corporation, Scelzi Enterprises Inc., Maintainer Corporation of Iowa Inc., Dakota Bodies Inc.

SEGMENTS COVERED
  • By Type
  • By Application
  • By Geography
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