Utility Truck Market
Report ID: SQMIG25C2205
Report ID: SQMIG25C2205
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Report ID:
SQMIG25C2205 |
Region:
Global |
Published Date: December, 2025
Pages:
193
|Tables:
93
|Figures:
69
Global Utility Truck Market size was valued at USD 75.17 Billion in 2024 and is poised to grow from USD 81.18 Billion in 2025 to USD 150.26 Billion by 2033, growing at a CAGR of 8% during the forecast period (2026–2033).
The global utility truck market is rapidly expanding, which is related to increased investments in maintaining publicly funded infrastructure. Both government agencies and utilities continue to upgrade and modernize legacy electrical grids, telecommunication networks, and water supply systems. All these upgrades will require a fleet of modern, specialized utility trucks. With all the expansion of infrastructure, and the further advancement of 5G networks and commitment to developing renewable energy infrastructure like wind farms and solar farms, public utility and infrastructure will continue to be a driving force for now and into the future.
However, global utility truck market analysis identifies challenges from existing market forces. One of the biggest constraints to the market is the high initial and on-going cost to purchase and maintain utility trucks. Infrastructure and government spending is cyclical and therefore demand for utility trucks has increased or decreased accordingly. In addition, the significant investment into developing electric and hybrid electric vehicles creates additional complexity and expense for manufacturers. The skilled operation of these complex vehicles is also a barrier for fleet owners and would be valuable for fleet owners developing multi-vehicle fleets.
How Are Telematics and Electrification Technologies Influencing the Trajectory of the Global Utility Truck Market?
The global utility truck market trends have now shaped by the convergence of telematics and electrification. Telematics, which is the gathering of data regarding the location, performance, and diagnostic status of fleet vehicles. This data allows the fleet manager to appropriately route vehicles, schedule preventive maintenance and monitor operator safety. The data and data use are improving operational efficiency and reducing the time for vital utility services.
In early 2025, several major utility companies in North America had placed orders for large scale all electric bucket trucks and service vehicles. Clearly, corporations are embracing corporate sustainability goals, as well as potentially lower overall operating costs representative for utility use of trucks. The entire utility truck manufacturer community is rapidly moving to create or deliver an increased level of electric utility truck models.
Market snapshot - 2026-2033
Global Market Size
USD 69.6 Billion
Largest Segment
Bucket Trucks
Fastest Growth
Digger Derricks
Growth Rate
8.0% CAGR
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Global Utility Truck Market is segmented by Type, Fuel Type, End User and region. Based on Type, the market is segmented into Bucket Trucks (Aerial Lifts), Digger Derricks, Crane Trucks, Service/Utility Vans and Cable Placers. Based on Fuel Type, the market is segmented into Conventional and Electric & Hybrid. Based on End User, the market is segmented into Electrical Utilities, Telecommunications, Public Works & Government, Construction and Forestry & Arboriculture. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The Bucket Trucks segment mostly holds the global utility truck market share. Their relative dominance is mainly due to their importance in the maintenance and construction of overhead power lines and telecommunications cables. Their adaptability, versatility, and uniquely critical importance to grid reliability with minimum network outages, make them vital for utility companies globally, and thus, keeps them in their leading market position.
The Digger Derricks segment is the fastest growing segment in the global utility truck market outlook due to the increasing demand for new utility poles for grid expansion and 5G network rollout. Their ability to dig holes and lift heavy equipment is a multiplier for utility companies. Hence, why it has become the fastest-growing segment.
The Conventional (Diesel) fuel type segment has a major influence on the global utility truck market size. This segment is dominant because of diesel's reputation for reliability, high torque for heavy-duty applications, and the existing infrastructure that allows for easy refuelling. For the most demanding applications in remote areas, diesel is still the most reliable and practical power type for utility fleets. Hence, diesel will remain the leader in market share.
The Electric & Hybrid fuel type segment is growing the fastest in the global utility truck industry. This growth is predominately due to strict emissions regulations and business sustainability goals. Utility companies are investing in electric trucks to reduce carbon footprints and lower their costs in the long run.
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North America has the most dominant position in the global utility truck regional outlook, which is due to massive investment spending to upgrade their aging electrical grid and fibre optic telecommunication infrastructure. The region's large land mass and strict safety regulations will guarantee an abundance of opportunities for modern utility trucks to service clients.
The United States is dominating the utility truck market in North America due to large-scale grid modernization projects and the current transition to 5G and fibre optic infrastructure rollouts. For example, both the larger utility and telecommunication providers in the US, have just made significant orders earlier in 2025 for new electric bucket trucks to accomplish their sustainability targets.
Canada is experiencing the fastest growth in the utility truck market in North America. This is being fuelled by infrastructure-related government-funded projects to connect remote rural areas and upgrade the national power grid, specifically for approved regions and communities. As a more recent note, Canadian telecom equipment companies have all sped up their fibre network expansion plans, creating a bump in demand for cable-placement trucks and aerial lift trucks.
The Asia-Pacific region is expected to experience the fastest growth in the global utility truck regional forecast due to rapid urbanization and widespread industrialization. Coupled with massive government investment in infrastructure is the need to develop new power grids and extend telecommunication networks. Overall, modernization of the economy will significantly increase demand for utility trucks across the region, creating tremendous opportunities for market participants.
Japan is leading the Asia-Pacific utility truck region. It has a major emphasis on sustaining the rigidity of its highly developed infrastructure and continuously upgrading electrical and communication networks. The strict safety requirements put in place by Japanese standards drive demand for utility trucks. Recently, Japanese utility companies have initiated purchasing compact utility trucks designed to fit and accommodate work in densely populated urban areas.
South Korea’s utility truck market is experiencing the fastest growth in Asia-Pacific. South Korea’s utility truck development is primarily driven by global leadership in rolling out 5G networks, and its continued development of technologically advanced smart cities. Strong focus on Innovation in the economy has added to this growth trend. Recently, a major South Korean telecommunication company is rolling out fleets of highly specialized utility trucks for use in 5G deployment and installation.
Europe holds a substantial share of the global utility truck market revenue. This is largely attributed to their investment in transitioning to renewable energy. They are also in the process of upgrading their power grid for better efficiency. There can be significant implications for upgrading the existing grid as it relates to integrating wind and solar power as renewable energy sources for consumption. Fleet modernization is additionally driven by strict emission regulations.
Germany is leading the European utility truck market largely because of the "Energiewende" (energy transition) policy. This policy has resulted in an ambitious overhaul of the national grid. As a densely populated nation, it is crucial that infrastructure is in constant working order. Recently, major German utility companies are timing the replacement of their diesel fleets for all-electric utility trucks, to hit emissions targets.
France is experiencing the fastest growth in the European utility truck market because of the major investments in modernizing its national electricity grid. At the same time, they are expanding their fibre optic network to rural areas. Recently, a major initiative was launched by French utility provider Enedis to deploy thousands of new electric service vans and bucket trucks.
The United Kingdom is experiencing substantial growth in the European utility truck market due to the large-scale investment being made in offshore wind energy, and the necessary onshore grid connections. The nationwide rollout of full-fibre broadband is also a contributing factor, as well as the major advancements occurring in this space. Recently major utility fleet operators in the UK have partnered with manufacturers to deploy new electric utility truck models for testing.
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Infrastructure Modernization and Expansion
Growth of Renewable Energy and 5G
High Initial Cost and Maintenance
Stringent Emission Regulations
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The global utility truck industry trends point to a competitive landscape dominated by established truck manufacturers and specialized equipment upfitters. Altec, Terex, and others like them are using their established brand equity and service networks to build the relationships with large utility companies. In addition, they also provide a wide range of reliable, purpose-built utility vehicles and provide after-market services which further solidify their position in the market.
The market also grows dynamically through innovation and developments associated with the growth of electrification, telematics, and operator safety technology. A booming investment into the development of all-electric and hybrid vehicle options provides the utility company with options to achieve their sustainability goals. Further, telematics is being adopted and developed across the industry for fleet management as well. In the end, the competitive environment leads to utility truck manufacturers creating safer, more efficient, and low carbon footprint utility trucks while meeting the evolving expectations of modern utility and telecommunications.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global utility truck market is projected to grow rapidly due to increasing public infrastructure investments and fast growth of the 5G network. Aging electrical grid upgrade creates additional demand. Many companies see the need for a reliable vehicle for vital maintenance and the proposition of maintaining and modernizing our infrastructure is the primary concern.
Regional markets have more varying drivers through North America from large grid modernization projects to safety standards. The utility truck segment will face some adoption barriers from high initial costs and emissions regulation, but the competitive market dynamics will spur innovation. The Bucket Trucks segment still has the largest market share among utility trucks, once again demonstrating its critical utility of maintaining overhead utilities.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 75.17 Billion |
| Market size value in 2033 | USD 150.26 Billion |
| Growth Rate | 8% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Utility Truck Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Utility Truck Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Utility Truck Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Utility Truck Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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