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Service Trucks Market Size Outlook: How Quickly Will Revenue Expand Through 2030?
The service trucks market size has grown strongly in recent years. It will grow from $38.99 billion in 2025 to $42.37 billion in 2026 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to infrastructure maintenance demand, growth of utility services, reliance on ic-powered fleets, expansion of construction activity, field service operations growth.
The service trucks market size is expected to see strong growth in the next few years. It will grow to $58.42 billion in 2030 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to electrification of service fleets, smart fleet management adoption, urban infrastructure investments, demand for rapid response services, sustainability-driven fleet upgrades. Major trends in the forecast period include growth of mobile on-site repair services, expansion of electric service trucks, integration of telematics and fleet monitoring, demand for custom-built service bodies, rising emergency response applications.
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Service Trucks Market Growth Drivers: What’s Behind The Acceleration?
The increasing construction industry is expected to propel the growth of the service trucks market going forward. The construction industry is the sector that plans, designs, and builds infrastructure and buildings, such as residential, commercial, and industrial projects. The increasing construction industry is due to urbanization, population growth, infrastructure development, government investments, and advancements in building technologies. Service trucks are used in the construction industry to provide on-site maintenance and repairs, deliver tools and equipment, offer emergency support, and manage routine maintenance for construction vehicles and machinery, ensuring continuous operations and minimizing downtime. For instance, in July 2024, according to the US Census Bureau, a US-based government agency, the value of construction operations rose from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the increasing construction industry is driving the growth of the service trucks market.
Service Trucks Market Segment Performance And Emerging Opportunities
The service trucks market covered in this report is segmented –
1) By Product: Utility Trucks, Mechanic Trucks, Mobile Service Trucks, Fuel And Lube Trucks, Crane Trucks, Other Products,
2) By Fuel: Internal Combustion Engine (ICE), Electric
3) By End User Industry: Construction, Government And Public Utilities, Mining, Agriculture, Transportation And Logistics, Emergency Services, Other End User Industries
Subsegments:
1) By Utility Trucks: Bucket Trucks, Line Maintenance Trucks, Tow Trucks, Service and Repair Trucks
2) By Mechanic Trucks: On-Site Repair Trucks, Maintenance Trucks, Tool Trucks, Welding Service Trucks
3) By Mobile Service Trucks: Emergency Response Service Trucks, Mobile Tire Service Trucks, Mobile Battery Service Trucks, Mobile Detailing Trucks
4) By Fuel and Lube Trucks: Fuel Delivery Trucks, Lube Service Trucks, Oil Change Trucks, Multi-Service Fuel and Lube Trucks
5) By Crane Trucks: Telescopic Crane Trucks, Knuckle Boom Crane Trucks, Articulated Crane Trucks, Loader Crane Trucks
6) By Other Products: Refrigerated Service Trucks, Custom Service Trucks, Flatbed Trucks, Cargo Vans
Service Trucks Market Trends: What’s Defining The Industry’s Next Phase?
Major companies operating in the service trucks market are focused on developing innovative products, such as EV star trucks, to advance the capabilities and efficiency of their vehicle offerings in response to growing demands for electric and eco-friendly transportation solutions. EV Star trucks are electric service vehicles designed to offer environmentally friendly, zero-emission transportation solutions for commercial applications. For instance, in April 2024, GreenPower Motor Company Inc., a Canada-based manufacturer of electric buses, launched GreenPower’s EV Star Utility Truck, a new utility vehicle intended for fleet use in business. This utility truck features a robust electric powertrain that delivers zero emissions, contributing to cleaner urban environments. The EV Star Utility Truck has advanced telematics and connectivity features, allowing fleet managers to monitor vehicle performance and optimize routes efficiently. Its spacious cargo area is designed for versatile use, accommodating various equipment and goods.
Service Trucks Market Key Players: Which Companies Lead Industry Competition?
Major companies operating in the service trucks market report include Ford Motor Company, Tata Motors Limited, Paccar Inc., Dongfeng Motor Corporation, Navistar International Corporation, Altec Industries Inc., Knapheide Manufacturing Company, Scelzi Enterprises Inc., Dakota Bodies Inc., General Truck Body Manufacturing Company, Maintainer Corporation of Iowa Inc., ORH Truck Solutions, Isuzu Commercial Vehicles, Mega Corporation, Duramag LLC, A&H Equipment, Public Service Truck Renting, Jacon Technologies, JOMAC LTD, STG Global, AES Equipment Solutions, International Trucks, Plantman Equipment, Ryder System Inc.
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Service Trucks Market Geographic Landscape: Which Region Leads Industry Growth?
Asia-Pacific was the largest region in the service trucks market in 2025. The regions covered in the service trucks market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
