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
View Details Download Sample Ask for Discount Request CustomizationGlobal Service Truck Bodies Market Size By Type (Steel, Aluminum, Fiberglass), By Application (Construction, Mining, Utility) By Geographic Scope And Forecast
 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
- Â Steel
- Aluminum
- Fiberglass
- Others
Based on Type, the market is segmented into Steel, Aluminum, Fiberglass, and Others. Steel accounted for the largest market share in the global market. Steel, aluminum, fiberglass, and other materials are available in the Service Truck Bodies market for making truck the body. Each material has particular benefits and drawbacks, and the decision is influenced by price, weight, durability, and application-specific requirements. Steel is one of the most often utilized materials in the market for Service Truck Bodies. It is ideal for heavy-duty applications due to its high strength and longevity. Steel truck bodies are the best choice for industrial and construction applications because they can endure adverse weather, severe handling, and impacts.
Service Truck Bodies Market, By Application
- Construction
- Mining
- Utility
- Other
Based on Applications, the market is segmented into Mining, Construction, Utility, and Other Applications. The construction, mining, utilities, and other end-use industries are just a few examples of the diverse end-use industries the worldwide Service Truck Bodies market serves. Service Truck Bodies are frequently used to deliver mobile maintenance and repair services and transport tools, equipment, and supplies to job locations. The construction industry is the market’s dominant application segment among these subsectors for Service Truck Bodies globally. This results from the increasing demand for service trucks to support building activity worldwide. Utility and mining industries also make extensive use of Service Truck Bodies.
Service Truck Bodies Market, By Geography
- North America
- Europe
- Â 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 ATTRIBUTES | DETAILS |
|---|---|
| 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 |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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