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Water Tanker Truck Market Trends

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

Water Tanker Truck Market Trends

An emerging trend in the market is the integration of advanced telematics and IoT technologies. These innovations enable real-time monitoring of vehicle performance, route optimization, and proactive maintenance, enhancing operational efficiency, reducing costs, and improving overall fleet management for water transportation companies. For instance, in October 2023, Volvo Trucks introduced the "Volvo Connect" fleet management platform to support the water tanker truck industry. This advanced technology offers real-time insights into the condition and performance of trucks, transforming the management capabilities of water tanker fleets. Through a comprehensive suite of services including analytics and reports on crucial factors, such as fuel consumption, idle time, vehicle speed, seat belt usage, and location data, Volvo Connect ensures optimal performance and heightened operational efficiency.
 

As urbanization accelerates and environmental concerns intensify, there is a trend toward multifunctional water tanker trucks. These vehicles are designed to offer versatile capabilities beyond traditional water transport, such as integrated water purification systems for emergency response or mobile water distribution centers. This trend reflects the need for adaptable solutions that address various challenges including water scarcity, disaster relief, and evolving regulatory requirements, positioning water tanker trucks as essential infrastructure assets in diverse contexts.

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.

Water Tanker Truck Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 24
  • Tables & Figures: 330
  • Countries covered: 24
  • Pages: 280
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