Refuse & Utility Truck Bodies
Manufacturers of refuse collection, utility, and service body upfits for heavy chassis.
Market snapshot
These figures describe Heavy-Duty Trucks (Class 7–8) (5.13.3), the segment that Refuse & Utility Truck Bodies sits within. They are not figures for Refuse & Utility Truck Bodies on its own.
- Market size
- ~$33B
- Growth
- ~5.2%CAGR (2017–22, nominal)
- Companies
- ~76 firms
38.2% of firms have fewer than 20 employees: 29 micro-businesses, below most mandates.
- 20–99
- 919%
- 100–499
- 1430%
- 500+
- 2451%
Seventy-odd firms, of which a handful matter: Class 8 build is effectively four manufacturers, and demand is a pure freight-cycle derivative that swings far harder than the economy. Orders had already turned by the time this data closed. The durable businesses in the vertical are parts, service and dealer networks, not assembly.
NAICS 336120. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.
Business model & economics
Revenue model
Truck sales plus aftermarket parts and service
Key economics
- Revenue per firm
- $435,248,658
- Revenue per employee
- $856,146
- Employees per firm
- 505.1
- Recurring revenue
- Moderate–High
- EBITDA margin
- Cyclical equipment; richer aftermarket
- Capex intensity
- High
recurring aftermarket and service
Characteristics
- Scale-driven: payroll is only 8% of revenue, so the cost base is assets, not headcount
- Thin strategic-buyer pool: only 24 firms exceed 500 employees, so exits skew sponsor-to-sponsor
- Dominated by Daimler, PACCAR, Traton, Volvo.
- Highly cyclical with freight and fleet replacement.
- Early-stage zero-emission heavy trucking transition.
NAICS 336120. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.
M&A deal context
Who’s acquiring
- Truck OEM majors
- Zero-emission & component acquirers
- Aftermarket consolidators
What’s driving deals
- Zero-emission heavy-truck transition.
- Aftermarket and service economics.
- Freight-cycle and fleet-replacement demand.
Find Refuse & Utility Truck Bodies acquisition targets
Search Acquisera’s index for companies classified under Refuse & Utility Truck Bodies (5.13.3.2) and build a targeted deal pipeline.
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