Service Trucks Market Report Scope & Overview:

Service Trucks Market was valued at USD 37.67 billion in 2024 and is expected to reach USD 68.77 billion by 2032, growing at a CAGR of 7.93% from 2025-2032. 

The Service Trucks Market is growing due to increasing demand for specialized vehicles across construction, mining, transportation, and emergency sectors. Rising infrastructure development, industrial expansion, and the need for efficient on-site maintenance solutions drive market adoption. Technological advancements, including electric and hybrid service trucks, enhance operational efficiency and reduce costs. Additionally, government investments in public utilities and logistics, along with rising fleet modernization, support sustained market growth.

In line with this, the U.S. Department of Energy (DOE) has invested $68 million in innovative heavy-duty electric vehicle charging solutions, aiming to create scalable, grid-integrated high-power charging infrastructure along the I-15 corridor to support Class 6–8 electric trucks.

Furthermore, the 2024 Clean Heavy-Duty Vehicles Grant Program promotes the adoption of Class 6 and 7 zero-emission vehicles, supports development of zero-emission fueling infrastructure, and provides workforce training.

Service Trucks Market Trends

• Rising demand in construction, utilities, and oil & gas sectors is driving service truck adoption.

• Integration of specialized equipment and mobile workshop capabilities is enhancing field service efficiency.

• Growth of preventive maintenance and rapid-response services is boosting market demand.

• Adoption of electric and hybrid service trucks is increasing due to environmental regulations.

• Expansion of fleet management and telematics solutions is improving operational monitoring and productivity.

• Rising infrastructure development and industrial projects are fueling market growth globally.

• Collaborations between OEMs, service providers, and equipment manufacturers are accelerating innovation and customization.

U.S. Service Trucks Market was valued at USD 10.82 billion in 2024 and is expected to reach USD 19.42 billion by 2032, growing at a CAGR of 7.59% from 2025-2032. 

The U.S. Service Trucks Market is growing due to rising infrastructure projects, expanding construction and mining activities, increasing demand for efficient on-site maintenance, fleet modernization, and adoption of advanced and eco-friendly service trucks across various industries.

Service Trucks Market Growth Drivers:

• Expansion of Construction and Utility Sectors Significantly Fuels Demand for Service Trucks in Various Industries

Growth in construction, utilities, and infrastructure development is a key factor boosting service truck adoption. These sectors require specialized vehicles for transporting tools, equipment, and spare parts directly to worksites. Increased government investment in public infrastructure projects globally has heightened demand for mobile support vehicles to maintain equipment uptime. Utility providers, including electricity, water, and telecom companies, rely on service trucks for on-site interventions, emergency repairs, and equipment transport. The emphasis on minimizing operational delays and enhancing workforce productivity in remote or urban project sites is strengthening the requirement for versatile and durable service trucks.

Service Trucks Market Restraints:

• Stringent Emission Regulations and Compliance Standards Pose Challenges for Service Truck Manufacturers Globally

Increasingly strict environmental regulations regarding emissions, noise, and safety are restraining service truck market growth. Manufacturers must invest heavily in research and development to design vehicles compliant with regional emission standards, including Euro 6, EPA, and other local mandates. Compliance increases production costs and may delay vehicle launch timelines. In addition, retrofitting older fleets to meet evolving regulations imposes financial and operational strain on fleet operators. Regulatory differences across countries complicate global expansion for manufacturers and service providers. Non-compliance can lead to penalties or restrictions, limiting market growth. These factors collectively slow adoption and increase operational complexities for stakeholders.

Service Trucks Market Opportunities:

Integration of Advanced Telematics and IoT in Service Trucks Presents New Revenue Streams

Adoption of advanced telematics, GPS tracking, and IoT-enabled systems in service trucks offers significant growth opportunities. Real-time monitoring of vehicle performance, fuel consumption, and maintenance schedules enhances operational efficiency. Fleet operators can leverage predictive maintenance, route optimization, and remote diagnostics to reduce downtime and lower costs. Additionally, connected trucks enable data-driven insights for service providers, helping improve customer satisfaction and reduce operational risks. The growing trend of smart cities and digital infrastructure further supports the integration of technology in service trucks. As businesses increasingly prioritize efficiency and connectivity, telematics-enabled service trucks present untapped market potential.

• As businesses increasingly prioritize efficiency and connectivity, telematics-enabled service trucks present untapped market potential. In support of this, the U.S. General Services Administration (GSA) Fleet has activated telematics solutions in over 19,000 vehicles, resulting in an estimated savings of USD 1.5 million, enhancing operational efficiency, automating mileage reporting, and integrating OEM technologies.

• Similarly, the Federal Highway Administration (FHWA) has been instrumental in integrating GPS technology into highway construction and maintenance, with research showing GPS is increasingly used for surveying, grading, excavation, and paving, improving both efficiency and accuracy.

Service Trucks Market Segment Highlights

• By Truck Type, Utility Trucks dominated with ~32% share in 2024; Mobile Service Trucks fastest growing (CAGR).

• By Propulsion Type, ICE dominated with ~85% share in 2024; Electric fastest growing (CAGR).

• By End-Use, Construction dominated with ~30% share in 2024; Transportation and Logistics fastest growing (CAGR).

Service Trucks Market Segment Analysis

By Product, Utility Trucks dominated the Service Trucks Market in 2024, while Mobile Service Trucks are expected to grow fastest from 2025–2032.

Utility Trucks dominated the Service Trucks Market in 2024 due to their versatility in transporting tools, equipment, and spare parts across industries. Their ability to support on-site maintenance, construction, and utility operations made them highly preferred for businesses seeking operational efficiency and reduced downtime.

Mobile Service Trucks are expected to grow at the fastest CAGR from 2025-2032 because they provide on-demand maintenance and emergency support. Increasing reliance on mobile solutions for roadside repairs, construction sites, and utility services is driving adoption, as businesses prioritize rapid response, flexible deployment, and minimizing operational disruptions across geographically dispersed locations.

By Fuel, ICE vehicles led in 2024, whereas Electric Service Trucks are projected to grow fastest

ICE vehicles dominated the Service Trucks Market in 2024 due to established fueling infrastructure, lower initial costs, and proven reliability. Widespread familiarity among fleet operators and compatibility with existing maintenance facilities made internal combustion engines the preferred choice for service truck operations across multiple industries.

Electric vehicles are expected to grow at the fastest CAGR from 2025-2032 as advancements in battery technology, government incentives, and demand for eco-friendly fleets accelerate adoption. Companies are increasingly investing in electric service trucks to reduce emissions, lower operating costs, and comply with stricter environmental regulations.

By End-User Industry, Construction dominated in 2024, while Transportation & Logistics is expected to grow fastest from 2025–2032

Construction segment dominated the Service Trucks Market in 2024 because of high demand for on-site equipment transport and maintenance. Service trucks in construction efficiently support infrastructure projects by carrying tools, spare parts, and machinery, ensuring continuous operations and reducing project delays.

Transportation and Logistics segment is expected to grow at the fastest CAGR from 2025-2032 due to expanding e-commerce, urban delivery needs, and growing commercial fleets. Service trucks support timely maintenance, repairs, and roadside assistance, enabling smoother operations and minimizing downtime in fast-paced logistics and distribution networks.

Service Trucks Market Regional Analysis

North America Service Trucks Market Insights

North America dominated the Service Trucks Market in 2024 with a revenue share of about 40% due to its well-established industrial and construction sectors, extensive commercial vehicle fleets, and advanced infrastructure. High demand for on-site maintenance, roadside assistance, and utility services drives adoption. Strong investment in technological upgrades, widespread availability of skilled workforce, and mature service truck networks further reinforce the region’s leading position in revenue generation and market presence.

Asia Pacific Service Trucks Market Insights

Asia Pacific is expected to grow at the fastest CAGR from 2025-2032 due to rapid industrialization, urbanization, and expansion of construction and logistics sectors. Increasing vehicle ownership, infrastructure development, and government initiatives to modernize utilities boost demand for service trucks. Rising adoption of mobile maintenance solutions, growing e-commerce delivery networks, and investment in fleet modernization contribute to the region’s accelerated market growth and future potential.

Europe Service Trucks Market Insights

Europe holds a significant position in the Service Trucks Market due to its advanced infrastructure, well-developed industrial and construction sectors, and strict regulatory standards. High demand for on-site maintenance, utility services, and efficient fleet management drives adoption. Increasing investments in technologically advanced and eco-friendly service trucks, combined with growing emphasis on reducing operational downtime and enhancing productivity across commercial and industrial operations, strengthen Europe’s role as a key market in the global service trucks landscape.

Middle East & Africa and Latin America Service Trucks Market Insights

Middle East & Africa and Latin America are witnessing growth in the Service Trucks Market due to rapid infrastructure development, expanding industrial, construction, and oil and gas operations. Rising demand for on-site maintenance, mobile services, and fleet modernization drives adoption. Investments in technologically advanced service trucks, government support, and increasing commercial vehicle fleets enhance operational efficiency, positioning both regions as emerging markets with significant potential in the global service trucks landscape.

Service Trucks Market Competitive Landscape:

Altec Industries Inc.

Altec Industries Inc. is a key player in the Service Trucks Market, offering a wide range of utility, crane, and mobile service trucks. Known for durability, advanced technology, and customizable solutions, Altec caters to construction, transportation, and emergency service sectors. The company’s focus on innovation and high-quality products has strengthened its market presence and revenue share globally.

• Altec unveiled a newly redesigned service crane with a 6,000-lb capacity at Work Truck Week® 2025. The crane features an innovative fiberglass body, enhancing performance and durability for operators.

Oshkosh Corporation

Oshkosh Corporation is a prominent player in the Service Trucks Market, offering a diverse portfolio of specialized vehicles, including utility, emergency, and waste management trucks. Renowned for innovation, durability, and advanced technology, Oshkosh serves construction, municipal, and logistics sectors. The company’s focus on electric and autonomous solutions positions it as a leader in modern, sustainable service truck offerings.

• In 2025, Oshkosh introduced HARR-E, a self-driving, battery-powered garbage cart enabling on-demand trash pickup via an app, targeting planned communities and campuses. Additionally, McNeilus launched the Volterra ZSL, North America’s first fully integrated electric garbage truck.

Mercedes-Benz

Mercedes-Benz is a leading player in the Service Trucks Market, offering high-performance heavy-duty and utility trucks. Known for engineering excellence, reliability, and advanced safety features, Mercedes-Benz caters to construction, logistics, and industrial sectors. Their focus on innovative technologies and fuel-efficient designs strengthens their market position, meeting the evolving needs of commercial and industrial fleet operators globally.

• In 2025, Daimler Truck introduced the Mercedes-Benz Arocs and Actros heavy-duty models tailored for Japan, debuting at the Japan Mobility Show 2025. These models address the growing demand for trucks capable of handling exceptionally heavy loads.

Key Players

Some of the Service Trucks Market Companies

• Altec Industries Inc.

• Dongfeng Motor Corporation

• Ford Motor Company

• General Motors Company

• Isuzu Motors Limited

• Mercedes-Benz

• Oshkosh Corporation

• Scania AB

• Volvo Trucks

• Freightliner Trucks

• Kenworth

• Peterbilt

• DAF Trucks

• Mack Trucks

• Hino Motors

• FAW Jiefang

• KAMAZ

• BYD Company

• Hyundai Motor Company