Home > Automotive > Mobility > Commercial Vehicles > Specialty Commercial Vehicle Market

Specialty Commercial Vehicle Market Share

Report ID: GMI7749
Published Date: Dec 2023
Report Format: PDF

Download Free Sample

Specialty Commercial Vehicle Market Share

Oshkosh Corporation and Mercedes-Benz Group AG are the major market players operating in the specialty commercial vehicle industry. Major manufacturers are actively responding to evolving industry trends and customer demands by incorporating advanced technologies and developing specialized solutions to meet specific business needs. One notable trend is the integration of electric and alternative fuel technologies to address environmental concerns and comply with stricter emissions regulations.

Manufacturers are investing in the research and development of electric specialty vehicles, such as electric delivery vans and trucks for urban logistics, and exploring innovative powertrain options to offer more sustainable alternatives in the commercial sector.

Specialty Commercial Vehicle Market Companies

Major players operating in the specialty commercial vehicle industry are:

Emergency One Group
Farber Specialty Vehicles
LDV Inc.
Matthews Specialty Vehicles
Mercedes-Benz Group AG
Navistar International Corporation
NFI Group Inc.
Oshkosh Corporation
Pierce Manufacturing
REV GROUP
Rosenbauer International AG
SCANIA
Specialty Vehicles Inc.
Volvo Group

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of specialty commercial vehicle was worth USD 102.4 billion in 2023 and is estimated to register a 3.2% CAGR between 2024 and 2032, due to the rising integration of advanced technologies, such as IoT, telematics, automation, and connectivity features.

The ambulances segment is set to hold considerable share of the specialty commercial vehicle market by 2032, driven by the rising number of emergencies and accidents.

Asia Pacific specialty commercial vehicles industry will record significant growth through 2032, propelled by the higher demand for electric and hybrid models, especially in urban areas due to the presence of stringent emission regulations in the region.

Emergency One Group, Farber Specialty Vehicles, LDV Inc., Matthews Specialty Vehicles, Mercedes-Benz Group AG, Navistar International Corporation, NFI Group Inc., Oshkosh Corporation, Pierce Manufacturing, REV GROUP, Rosenbauer International AG, SCANIA, Specialty Vehicles Inc., and Volvo Group.