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Water Tanker Truck Market Share

Report ID: GMI9469
Published Date: May 2024
Report Format: PDF

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Water Tanker Truck Market Share

Scania AB, Volvo, and Mercedes (Daimler) hold a significant market share of 41% in the water tanker truck industry. The market with their extensive product portfolios, global presence, and reputation for quality and reliability. These industry giants leverage their established dealership networks, technological innovations, and strong customer relationships to maintain their competitive edge and capture market share in key regions worldwide.

Intense competition characterizes the market, with Scania AB, Volvo, and Mercedes (Daimler) facing competition from smaller players and regional manufacturers. While these industry leaders maintain market dominance, niche players often differentiate themselves through specialized offerings, custom solutions, and localized services, challenging the market leaders and fostering innovation in the industry.

Water Tanker Truck Market Companies

Major players operating in the industry are:

Scania AB
Volvo
Mercedez (Daimler)
Man
Hyundai Motor Company
Iveco
Dongfeng Motor Corporation
Tata Motors Limited
The Knapheide Manufacturing Company
Custom Truck One Source

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for water tanker truck was valued at USD 27.1 billion in 2023 and is estimated to register over 4% CAGR between 2024 and 2032, owing to rising demand of the urban population for water delivery.

The rigid segment in the water tanker trucks market accounted for 64% share in 2023, driven by the durability and stability, particularly in rough terrain or challenging operating environments.

Asia Pacific water tanker truck market accounted for over 38% revenue share in 2023, attributed to rapid urbanization, infrastructure development, and growing industrialization.

Scania AB, Volvo, Mercedez (Daimler), Man, Hyundai Motor Company, Iveco, Dongfeng Motor Corporation, Tata Motors Limited, The Knapheide Manufacturing Company and Custom Truck One Source.