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Electric Utility Vehicle Market to Record Strong Growth at 8.25% CAGR, Accounting for $27.87 Billion by 2030, North America Leads the Industry with Increasing Adoption of Electric Vehicles, Projects Kings Research

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DUBAI, UAE, Feb. 12, 2024 /PRNewswire/ — According to the latest report by Kings Research, the global Electric Utility Vehicle Market was worth USD 19.12 billion in 2022 and is foreseen to generate revenue of USD 27.87 billion by 2030, growing at a CAGR of 8.25% from 2023 to 2030. The industry growth is fueled by the increased demand for sustainable and energy-efficient transportation. Other factors driving market development include increased global awareness of climate change and environmental issues, stringent emissions regulations, and the reduced cost of battery technology. The need to curb greenhouse gas emissions and reduce reliance on fossil fuels has become a pivotal force compelling both governments and businesses to invest in electric utility vehicles.

Electric utility vehicles (EUVs) represent a subset of electric vehicles (EVs) primarily tailored for commercial and industrial purposes. This category encompasses a diverse range of electricity-powered vehicles, distinguishing itself from passenger EVs by its emphasis on utility and application-specific functionality. Examples of EUVs include electric trucks, vans, and buses, as well as specialized vehicles like forklifts and utility terrain vehicles (UTVs).

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Competitive Landscape

Key players in the electric utility vehicle industry are employing various business tactics viz., partnerships, product innovations, mergers & acquisitions, and joint ventures, to broaden their product offerings and enhance their market standing in major regions. These companies are adopting strategic activities such as investments in R&D activities, building new manufacturing facilities, and optimizing supply chain processes.

For instance, in June 2023, John Deere announced a strategic partnership with EGO and its parent company, Chervon. This collaboration strategically leverages the strengths of both brands to provide homeowners with a diverse selection of EGO’s cutting-edge and efficient battery-powered lawn care solutions. The distribution of these innovative products was to be facilitated through John Deere’s extensive network of dealers, enhancing accessibility for consumers.

Major participants profiled in the global electric utility vehicle market include:

AlkeRenault GroupBriggs & StrattonRivianTextron Inc.Columbia Vehicle Group Inc.Marshell Green PowerAddax MotorsDeere & CompanyAmerican LandmasterPolaris Inc.CLUB CARStar EV Corporation

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Trending Now: Strategic Partnership Unveiled Between Addax Motors and Durso Srl in Italy

In September 2023, Addax Motors and Durso Srl declared their strategic partnership in Italy. This collaboration was purposed to focus on the joint distribution of electric light commercial utility vehicles, targeting key sectors viz., agricultural and industrial.

Addax Motors and Durso Srl’s alliance aims to make a notable impact on the electric utility vehicle market in Italy. The partnership will specifically cater to the agricultural and industrial sectors, offering innovative and sustainable solutions in the form of electric light commercial utility vehicles

Increasing Demand For Electric Shuttles For Commercial Application To Spur Electric Utility Vehicle Market Development

By vehicle application, the electric utility vehicle industry is divided into commercial, industrial, agricultural, recreation, and others.

The commercial segment dominated the global electric utility vehicle market by capturing a substantial industry share in 2022. This segmental growth is fueled by the increasing demand for electric shuttles in urban passenger transport and the growing need for utility carts, serving slightly longer last-mile travel in both rural and urban areas. Leading manufacturers, including Columbia Vehicle, CLUB CAR, Electric Last Mile Solutions, and Ari Motors, specialize in producing electric utility carts tailored for commercial transport needs.

Commercial electric utility vehicles are considered effective and environmentally friendly mobility solutions applicable across diverse locations. For instance, in August 2023, Addax Motors expanded its presence in the Scandinavian market through a strengthened distribution network. Sandhaug AS exemplifies this shift by incorporating Addax Motors’ vehicle range into its existing product portfolio, reflecting a partnership in Norway resulting from Addax Motors’ ambitious expansion strategy across global markets.

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Rising Need For Lithium-Ion Batteries To Spur Electric Utility Vehicle Sales

Based on battery type, the electric utility vehicle market is bifurcated into lithium-ion, lead-acid, and others. The lithium-ion segment secured the largest revenue share in the market in 2022. The increasing acceptance of electric utility vehicles is directly tied to the rising need for lithium-ion batteries. Electric utility vehicles extensively use lithium-ion batteries due to their superior energy density, extended operating range, and effective energy utilization. The transition from lead-acid to lithium-ion batteries, range anxiety, and the requirement for battery efficiency are some of the factors driving the growing demand for lithium-ion batteries.

Global Enforcement Of Strict Emissions Regulations To Fuel Electric Utility Vehicle Market Growth

One key market driver for electric utility vehicles is the implementation of strict emissions regulations across the globe, which is compelling businesses to shift toward electric vehicles to meet set standards and avoid fines. Another significant opportunity lies in integrating renewable energy sources, such as solar or wind power, to charge vehicle batteries, which aids in reducing carbon footprints and operational costs. The market is further propelled by the expanding charging infrastructure and advancements in battery technology, which are enhancing the range and performance of electric utility vehicles across various industries. The growing demand for urban delivery services, waste management, and public transportation, coupled with collaborations between automotive manufacturers and tech companies for connectivity and autonomy, signifies ongoing industry innovation.

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Increasing Adoption Of Electric Vehicles in North America to Promote Electric Utility Vehicle Market Progress

North America led the global electric utility vehicle market in 2022 due to the increasing adoption of electric vehicles. Major American companies, including Tesla, Rivian, and traditional automakers, have significantly invested in electric utility vehicles, serving both domestic and international markets. Furthermore, stringent emissions regulations at both federal and state levels have acted as a catalyst, compelling businesses to shift toward electric utility vehicles to align with environmental standards. The demand for such vehicles is particularly robust in North American cities, where the emphasis on urban logistics and last-mile delivery services is fueling the need for emission-free transportation solutions. The well-established charging infrastructure in many urban areas further bolsters the growth of the electric utility vehicle market in North America.

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Key Points from TOC: 

1 Introduction of the Global Electric Utility Vehicle Market 

1.1 Market Definition

1.2 Market Segmentation

1.3 Research Timelines

1.4 Limitations

1.5 Assumptions

2 Executive Summary

3 Research Methodology

3.1 Data Collection

3.1.1 Secondary Sources

3.1.2 Primary Sources

3.1.3 Research Flow

3.2 Subject Matter Expert Advice

3.3 Quality Check

3.4 Final Review

3.5 Bottom-Up Approach

3.6 Top-down Approach

4 Global Electric Utility Vehicle Market Outlook

4.1 Market Evolution

4.2 Overview

4.3 Market Dynamics

4.3.1 Drivers

4.3.2 Restraints

4.3.3 Opportunities

4.3.4 Challenges

4.4 Pricing Analysis

4.5 Porter’s Five Forces Analysis

4.6 Value Chain Analysis

4.7 Macroeconomic Analysis

5 Impact of Russia-Ukraine War

6 Global Electric Utility Vehicle Market, By Battery Type

7 Global Electric Utility Vehicle Market, By Drive Type

8 Global Electric Utility Vehicle Market, By Vehicle Type

9 Global Electric Utility Vehicle Market, By Application

10 Global Electric Utility Vehicle Market, By Geography

11 North America 

12 Europe 

13 Asia Pacific 

14 Middle East & Africa 

15 Latin America 

16 Global Electric Utility Vehicle Market Competitive Landscape

16.1 Overview

16.2 Key Developments

16.3 Key Strategic Developments

16.4 Company Market Ranking

16.5 Regional Footprint

16.6 Industry Footprint

17 Company Profiles

17.1 Alke

17.1.1 Key Facts

17.1.2 Financial Overview

17.1.3 Product Benchmarking

17.1.4 Recent Developments

17.1.5 Winning Imperatives

17.1.6 Current Focus & Strategies

17.1.7 Threat from competition

17.1.8 SWOT Analysis

17.2 Renault Group

17.2.1 Key Facts

17.2.2 Financial Overview

17.2.3 Product Benchmarking

17.2.4 Recent Developments

17.2.5 Winning Imperatives

17.2.6 Current Focus & Strategies

17.2.7 Threat from competition

17.2.8 SWOT Analysis

17.3 Briggs & Stratton

17.3.1 Key Facts

17.3.2 Financial Overview

17.3.3 Product Benchmarking

17.3.4 Recent Developments

17.3.5 Winning Imperatives

17.3.6 Current Focus & Strategies

17.3.7 Threat from competition

17.3.8 SWOT Analysis

17.4 Rivian

17.4.1 Key Facts

17.4.2 Financial Overview

17.4.3 Product Benchmarking

17.4.4 Recent Developments

17.4.5 Winning Imperatives

17.4.6 Current Focus & Strategies

17.4.7 Threat from competition

17.4.8 SWOT Analysis

17.5 Textron Inc.

17.5.1 Key Facts

17.5.2 Financial Overview

17.5.3 Product Benchmarking

17.5.4 Recent Developments

17.5.5 Winning Imperatives

17.5.6 Current Focus & Strategies

17.5.7 Threat from competition

17.5.8 SWOT Analysis

Continued…………

Browse Complete TOC:   https://www.kingsresearch.com/toc/electric-utility-vehicle-market-332

Browse More Related Reports:

Smart Electric Drive Market: The global Smart Electric Drive Market is projected to reach USD 10,778.2 million by 2030, growing at a CAGR of 43.50% from 2023 to 2030

E-Mobility Market: The global E-Mobility Market is projected to reach USD 869.67 billion by 2030, growing at a CAGR of 14.8% from 2023 to 2030

Electric Truck Market: The global Electric Truck Market is projected to reach USD 6460.9 million by 2030, growing at a CAGR of 32.66% from 2023 to 2030

Electric Van Market: The global Electric Van Market is projected to reach USD 104.29 billion by 2030, growing at a CAGR of 26.76% from 2023 to 2030

Anti Collision Sensor Market: The global Anti Collision Sensor Market is projected to reach USD 25.90 Billion by 2030, growing at a CAGR of 17.20% from 2023 to 2030

About Us:

Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.

Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.

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Trimble for Government Achieves ‘Initial Implementation’ Status for FedRAMP Class C (Moderate) Certification

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Milestone accelerates secure cloud adoption for federal, state and local entities managing infrastructure, spatial data and capital assets 

WESTMINSTER, Colo., Oct. 20, 2026 /PRNewswire/ — Trimble today announced that Trimble for Government is listed as ‘Initial Implementation’ status for Federal Risk and Authorization Management Program (FedRAMP®) Class C (Moderate) certification and is now listed on the FedRAMP Marketplace. In conjunction with seeking FedRAMP certification, Trimble is also pursuing GovRAMP authorization to support state, local and education (SLED) customers with reciprocal cybersecurity compliance standards.

This dual milestone marks a critical step forward in delivering a software as a service (SaaS) cloud environment built within a secure Government Community Cloud. Designed specifically for U.S. Federal Government departments, state and local agencies, and defense and civilian contractors, Trimble for Government provides a unified ecosystem for managing infrastructure, spatial data, capital projects, permitting and facility assets across their entire lifecycle.

Achieving FedRAMP Class C (Moderate) and GovRAMP alignment will enable public sector entities and Department of Defense (DoD) contractors to comply with stringent security mandates — including Cybersecurity Maturity Model Certification (CMMC) alignment — while modernizing digital engineering and asset management.

“Federal, state and local agencies face the dual challenge of modernizing critical infrastructure while maintaining uncompromising cybersecurity standards,” said Mark Schwartz, group president, AECO at Trimble. “Achieving ‘Initial Assessment’ status reflects our commitment to delivering mission-critical spatial, capital project and asset management capabilities inside a secure, audit-ready cloud boundary across all levels of government.”

Integrated cloud solutions built for government operations

The in-scope environment brings together Trimble’s proven field execution, asset, project and permitting software into four modular packages designed to support specific public sector outcomes:

Trimble® Field Collaboration: Delivers field data services using foundational spatial database infrastructure and GIS integration to support high-security field operations, map assets, and enable seamless field-to-cloud workflows across Trimble’s core Field Systems portfolio.Trimble Project Management powered by Trimble ProjectSight® software: Connects design-to-build workflows in the field, providing precision data layout, project tracking, collaboration and quality assurance across construction projects.Trimble Asset Management powered by Trimble Unity™ Maintain software: Serves as a centralized facilities data core for federal, state, and local government agencies, military installations, and public infrastructure — such as public buildings, utilities, and transportation networks — to optimize maintenance and long-term capital planning.Trimble Permit Management powered by Trimble Unity Permit software: Streamlines end-to-end management of permitting, licensing, land use and infrastructure rights-of-way in a fully compliant cloud environment.

The unifying in-scope element across all four packages is the Trimble Connect® platform, providing collaboration and a common data environment (CDE) across the Trimble for Government platform.

With assessment processes underway, Trimble continues to advance toward full FedRAMP and GovRAMP authorizations to ensure public sector customers can innovate with confidence.

About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it’s helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble, visit: www.trimble.com.

GTRMB

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Trimble for Government Achieves ‘Initial Implementation’ Status for FedRAMP Class C (Moderate) Certification

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Milestone accelerates secure cloud adoption for federal, state and local entities managing infrastructure, spatial data and capital assets 

WESTMINSTER, Colo., Oct. 20, 2026 /PRNewswire/ — Trimble today announced that Trimble for Government is listed as ‘Initial Implementation’ status for Federal Risk and Authorization Management Program (FedRAMP®) Class C (Moderate) certification and is now listed on the FedRAMP Marketplace. In conjunction with seeking FedRAMP certification, Trimble is also pursuing GovRAMP authorization to support state, local and education (SLED) customers with reciprocal cybersecurity compliance standards.

This dual milestone marks a critical step forward in delivering a software as a service (SaaS) cloud environment built within a secure Government Community Cloud. Designed specifically for U.S. Federal Government departments, state and local agencies, and defense and civilian contractors, Trimble for Government provides a unified ecosystem for managing infrastructure, spatial data, capital projects, permitting and facility assets across their entire lifecycle.

Achieving FedRAMP Class C (Moderate) and GovRAMP alignment will enable public sector entities and Department of Defense (DoD) contractors to comply with stringent security mandates — including Cybersecurity Maturity Model Certification (CMMC) alignment — while modernizing digital engineering and asset management.

“Federal, state and local agencies face the dual challenge of modernizing critical infrastructure while maintaining uncompromising cybersecurity standards,” said Mark Schwartz, group president, AECO at Trimble. “Achieving ‘Initial Assessment’ status reflects our commitment to delivering mission-critical spatial, capital project and asset management capabilities inside a secure, audit-ready cloud boundary across all levels of government.”

Integrated cloud solutions built for government operations

The in-scope environment brings together Trimble’s proven field execution, asset, project and permitting software into four modular packages designed to support specific public sector outcomes:

Trimble® Field Collaboration: Delivers field data services using foundational spatial database infrastructure and GIS integration to support high-security field operations, map assets, and enable seamless field-to-cloud workflows across Trimble’s core Field Systems portfolio.Trimble Project Management powered by Trimble ProjectSight® software: Connects design-to-build workflows in the field, providing precision data layout, project tracking, collaboration and quality assurance across construction projects.Trimble Asset Management powered by Trimble Unity™ Maintain software: Serves as a centralized facilities data core for federal, state, and local government agencies, military installations, and public infrastructure — such as public buildings, utilities, and transportation networks — to optimize maintenance and long-term capital planning.Trimble Permit Management powered by Trimble Unity Permit software: Streamlines end-to-end management of permitting, licensing, land use and infrastructure rights-of-way in a fully compliant cloud environment.

The unifying in-scope element across all four packages is the Trimble Connect® platform, providing collaboration and a common data environment (CDE) across the Trimble for Government platform.

With assessment processes underway, Trimble continues to advance toward full FedRAMP and GovRAMP authorizations to ensure public sector customers can innovate with confidence.

About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it’s helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble, visit: www.trimble.com.

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Delta Development Team and The Good Drone Company Awarded U.S. Army Contract for Aerial Blood Delivery

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TUCSON, Ariz., Oct. 20, 2026 /PRNewswire/ — Delta Development Team (DDT), a leader in prehospital blood storage and cold chain technology, and The Good Drone Company (GDC) have been awarded a U.S. Army contract to develop a drone-based blood delivery capability for the Army Blood Link (ABL) program.

The program is part of the broader Armed Services Blood Program (ASBP), which supplies blood products to U.S. military forces worldwide. Army Blood Link is designed to support battlefield medical logistics through rapid, temperature-controlled delivery of lifesaving blood products to the field, providing an additional resupply option when traditional ground transportation is unavailable, delayed, or unsafe. Under the contract, The Good Drone Company will provide two U.S.-built prototypes of its hybrid vertical takeoff and landing (VTOL) cargo drone, each designed to transport up to six units of blood, while DDT will provide the temperature-controlled storage capability through its Delta ICE 2L Smart Blood Cooler.

The companies are combining commercial off-the-shelf (COTS) technologies to create a U.S.-sourced aerial blood delivery system capable of transporting blood directly to the point of need.

To meet ABL program requirements, DDT will supply six Delta ICE 2L Smart Blood Coolers, each designed to maintain two units of blood within the required temperature range for three hours of aerial delivery in high-humidity environments with ambient temperatures ranging from 15°F to 120°F. Built-in temperature monitoring and data recording, along with Bluetooth and cellular connectivity, support cold-chain oversight and blood accountability. The program extends DDT’s blood storage and monitoring capabilities into aerial delivery.

“Getting blood to the point of need is only part of the challenge. It must also remain within the required temperature range throughout the journey,” said Montgomery Leija, CEO of Delta Development Team. “This program brings DDT’s experience in blood storage and cold chain management into a new operational environment, taking the blood supply chain from the ground to the air.”

The prototype system is designed to deliver blood within 10 meters of a designated target during both day and night operations. It will feature a communications range of up to 30 miles and semi-autonomous waypoint navigation. It is intended for single-person operation with minimal training and is built on GDC’s existing commercial cargo drone technology to accelerate development and fielding while meeting U.S.-sourcing requirements.

“We have seen strong interest in middle-mile drones in emerging markets for some time, from both public and private sector customers spanning healthcare to third-party logistics,” said Jake Vander Ploeg, CEO of The Good Drone Company. “This program is a great example of how the military is adopting commercial technology like our cargo drones to quickly test new ideas in the field without starting a full aircraft development program.”

The collaboration combines GDC’s expertise in commercial drone platforms and aerial delivery with DDT’s temperature-controlled blood storage and transport capabilities to support:

Rapid resupply: Delivering blood when conventional ground transportation is unavailable or unsafe.Cold chain protection: Maintaining required blood temperatures during aerial transport.U.S.-sourced capability: Supporting domestic defense supply chain objectives.Accelerated development: Combining GDC’s existing commercial cargo drone technology with DDT’s established blood storage solutions.

The ABL effort addresses the challenge of delivering critical medical supplies in contested and austere environments. When terrain, damaged infrastructure, or tactical conditions prevent conventional resupply, aerial delivery combined with temperature-controlled storage can expand options for getting lifesaving blood products to service members when and where they are needed.

About Delta Development Team

Delta Development Team (DDT) is a U.S.-based medical technology company headquartered in Tucson, Arizona, specializing in blood storage, transport, monitoring, and logistics solutions for military and prehospital environments. DDT develops technology designed to keep blood available, traceable, and mission-ready from the blood bank to the point of injury. Its portfolio includes the APRU 6L, Delta ICE 2L, TBS 40L, and BloodCOMM® blood management platform.

Media Contact: info@deltadevteam.com | www.deltadevteam.com

About The Good Drone Company

The Good Drone Company (GDC) is an aerospace company headquartered in Tempe, Arizona, that designs and builds autonomous hybrid VTOL cargo drones for middle-mile logistics. GDC’s aircraft take off and land vertically without a runway, carry up to 55 lb (25 kg) of payload, and fly more than 300 miles (500 km) at speeds up to 93 mph (150 km/h). GDC is deploying in Kenya to close the middle-mile transportation gap for public and private sector customers, working closely with its local partner ThatcherX and the Kenyan government to change how goods move around the country.

Media Contact: info@thegooddronecompany.com | www.thegooddronecompany.com

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