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Service Trucks Market Share

Report ID: GMI9471
Published Date: May 2024
Report Format: PDF

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Service Trucks Market Share

Altec Industries Inc. and Oshkosh Corporation hold a significant market share in the market. Altec focuses on continuous product innovation and customization to meet the evolving needs of customers in various industries. By developing innovative features, technologies, and configurations, Altec differentiates its service truck offerings and enhance their value proposition in the market.

Oshkosh adopts a customer-centric approach by focusing on understanding and meeting the specific needs of its target customers. By offering customizable service truck solutions, responsive customer support, and value-added services, Oshkosh enhances customer satisfaction and loyalty, driving repeat business and referrals.

Service Trucks Market Companies

Major players operating in the market are:

Altec Industries Inc.
Dongfeng Motor Corporation
Ford Motor Company
General Motors Company
Isuzu Motors Limited
Mercedes-Benz
Oshkosh Corporation
Scania AB
Volvo Trucks

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Service trucks market size was USD 34.5 billion in 2023 and is expected to register 7.5% CAGR from 2024-2032 owing to the growing environmental awareness and technological innovations worldwide.

Service trucks industry from the ICE segment held over 85% share in 2023 and is expected to register a significant CAGR from 2024-2032 due to its reliability and versatility along with robust performance across various terrains and work conditions.

Asia Pacific service trucks industry held 40% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rapid economic development and expanding industrial infrastructure in the region.

Altec Industries Inc., Dongfeng Motor Corporation, Ford Motor Company, General Motors Company, Isuzu Motors Limited, Mercedes-Benz, Oshkosh Corporation, Scania AB, and Volvo Trucks, are some of the major service trucks companies worldwide.