Box Truck Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2030
Box Truck Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2030
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Box truck market is anticipated to grow at a CAGR of 4.0% during the forecast period (2024-2031). Box Truck is a a single-unit vehicle with a fully or partially enclosed space with a roof and at least three sides designed for transporting cargo or payload, excluding the driver and passengers. The demand for box truck for both personal and commercial purposes, including transport of a variety of cargo, including food, clothing, building materials, gasoline, and automobiles is contributing to industry growth.
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The box truck industry is experiencing significant expansion due to customization, which satisfies a variety of needs, boosts productivity, offers advantages over competitors, and protects investment. For instance, in January 2024, Ram introduced the new Ram ProMaster electric van (EV) with a targeted range of up to 162 miles from a standard 110 kWh battery pack in city driving. The new Ram ProMaster EV is the brand’s first available fully electrified vehicle. Ram ProMaster EV cargo van features up to 3,020 pounds of payload while the delivery configuration offers 2,030 pounds of payload. The standard Telematics Module enables nearly 50 functions solutions for effortless customization on ProMaster, including Firmware Over the Air (FOTA) updates, 4G LTE Wi-Fi hotspot, and Apps Over the Air (AOTA). This initiative is intended to address the varied requirements of businesses operating in the construction, e-commerce, and other sectors.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Box Truck Market by Product
- Light-duty
- Medium-duty
- Heavy-duty
Global Box Truck Market by Fuel
- Gasoline
- Diesel
- Electric
- Hybrid
Global Box Truck Market by Application
- Commercial
- Industrial
Regional Analysis
- North America
- United States
- copyright
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Daimler Truck AG
- Ford Motors Co.
- Hino Motors, Ltd.
- Isuzu Motors India Private Limited
- Iveco s.p.A.
- Mitsubishi Corp.
- Morgan Corp.
- PACCAR, Inc.
- Volvo Group
- TRATON GROUP (Volkswagen AG)
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global box truck market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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