{"id":167622,"date":"2019-09-03T12:30:12","date_gmt":"2019-09-03T12:30:12","guid":{"rendered":"http:\/\/www.georgianewsdesk.com\/news\/story\/167622\/utility-truck-market-is-projected-to-reach-12746-billion-by-2030-grand-view-research-inc.html"},"modified":"2019-09-03T12:30:12","modified_gmt":"2019-09-03T12:30:12","slug":"utility-truck-market-is-projected-to-reach-12746-billion-by-2030-grand-view-research-inc","status":"publish","type":"post","link":"http:\/\/www.honolulunewsnow.com\/news\/story\/167622\/utility-truck-market-is-projected-to-reach-12746-billion-by-2030-grand-view-research-inc.html","title":{"rendered":"Utility Truck Market Is Projected To Reach $127.46 Billion By 2030: Grand View Research, Inc."},"content":{"rendered":"
\"Utility<\/a><\/p>\n
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Grand View Research, Inc. – Market Research And Consulting. <\/div>\n<\/div>\n<\/div>\n
According to report published by Grand View Research,The global utility trucks market size was estimated at USD 47.90 billion in 2017 and is projected to expand further at a CAGR of 7.7% over the forecast years. <\/div>\n

The global utility trucks market<\/a> size is expected to reach USD 127.46 billion by 2030 expanding at a CAGR of 7.7% over the forecast period, according to a study conducted by Grand View Research, Inc. Growing adoption of dump trucks in the construction and mining industry, focus on solid waste management and sustainable infrastructure, and technological advancements propelling the demand for advanced fire trucks are among the key factors responsible for the market growth.<\/p>\n

Government initiatives to curb the rising toll of fire incidents and growing emphasis on worker safety have also contributed to the market growth. According to World Bank Group, effective waste management occupies around 20 to 50% of the overall municipal budgets. On account of growing population, rapid urbanization, and increasing solid waste generation, countries across the globe are investing significantly in implementing effective solid waste management plans. This is boosting the demand for garbage trucks, thereby supporting market growth.<\/p>\n

\"Global<\/p>\n

Rising expenditure of fire departments across various nations due to need for replacing aging vehicle fleets is also expected to bolster the demand. The Asia Pacific region is expected to lead the utility truck market from 2018 to 2030 owing to increasing investments in construction and mining sectors, rising focus on sustainable infrastructure, and growing awareness about and implementation of solid waste management across the region. The government is making significant investments in the development of public and private infrastructure. Such initiatives are expected to result in an exponentially rising demand for utility trucks, such as garbage, dump, and sweeper trucks.<\/p>\n

To request a sample copy or view summary of this report, click the link below:<\/strong> 
https:\/\/www.grandviewresearch.com\/industry-analysis\/utility-trucks-market<\/a><\/p>\n

Further key findings from the study suggest:<\/span><\/span><\/strong><\/p>\n