Expedition Truck Market Size, Share and Trends 2024 to 2034

Expedition Truck Market Size and Forecast 2024 to 2034

The global expedition truck market size is worth around USD 221.29 million in 2024 and is anticipated to reach around USD 481.75 million by 2034, growing at a solid CAGR of 8.09% over the forecast period 2024 to 2034. The North America expedition truck market size reached USD 104.41 million in 2023. The increasing preference of the population for the road trips drives the demand for the fully equipped vehicles for the travelling requirements that boosts the growth of the expedition truck market.

Expedition Truck Market Key Takeaways

• North America dominated the expedition truck market in 2023. 
• Asia Pacific is anticipated to grow at a significant rate during the forecast period.
• By weight, the below 3.5 tonnes segment led the market in 2023. 
• By drive system, the 4WD segment held the largest share of the market in 2023.
• By type, the overland vehicles segment is anticipated to witness significant growth in the expedition truck market over the forecast period.

U.S. Expedition Truck Market Size and Growth 2024 to 2034

The U.S. expedition truck market size was exhibited at USD 153.55 million in 2023 and is projected to be worth around USD 363.72 million by 2034, poised to growing at a CAGR of 8.15% from 2024 to 2034.

North America held the largest share of the expedition truck market. The growth of the market is attributed to the rising industrial activities and the demand for heavy-duty trucks and vehicles, as well as the rising automobile industries and the availability of the major automobile firms. The rising off-road travel activities and remote travel, such as camping activities, are driving the demand for the expedition trucks market. The rising number of on-road vehicles and the demand for automobiles from consumers are expanding the automobile industry. The rising expenditure on travel and camping by the population and the increasing interest in long-distance traveling with fully equipped travel vehicles are driving the growth of the expedition truck market in the region.  

• Trucks are the most common and popular vehicle type, with 170,239,357 commercial and private trucks registered, comparing 98,573,935 vehicle registrations for cars in 2022.
• There are 278,870,463 personal and commercial vehicles registered in the United States in 2022. About 91.7% of households had at least one vehicle in 2022.
• The registration of the vehicles in the U.S. is increased by 3.5% from 2018 to 2022.
• Montana led in the list of registrations of the highest number of motor vehicles per 1,000 licensed drivers in 2022 (2,618.25).
• As per the National Automobile Dealers Association, the sales of plug-in hybrid electric vehicles, electric vehicles (EVs), and hybrid electric vehicles accounted for 16.7% of all new vehicle sales in 2023.

Asia Pacific is observed to grow at the fastest rate during the forecast period in the expedition truck market. The growth of the market is attributed to the rising demand for expedition vehicles by various industries and the rise in the travel industries. The expedition vehicles or trucks are fully equipped with all the luxuries and necessities that help long-distance travelers with daily requirements. The rising interest in off-road camping and traveling activities is driving the growth of the expedition truck market across the region. 

Market Overview

An expedition vehicle is a type of automobile that is specially designed and built for facing off-road challenges in travel activities. These types of vehicles or trucks are designed for long-distance travel; they can be operated in mountains, rugged deserts, Polar Regions, and other remote environments. The younger population's increase in adventurous and off-road travel activities is driving the demand for expedition vehicles. The expedition truck is fully equipped with all the necessities, such as a kitchen, sleeping compartments, toilets, water and power supply, and others. The Expedition trucks are a safer and more reliable solution for traveling on all types of terrain. Several market players are investing in the expansion of the technologies in the expedition trucks. 

Expedition Truck Market Trends

Here are some of the leading living or expedition trucks with all the amenities and luxuries offered along with the capabilities of going off-road and the ground clearance.

• The GXV Patagonia is a 4x4 expedition vehicle
• The f750 Earthroamer truck
• SLRV Commander 8x8
• Bliss Mobil 6x6 Truck
• UniMog Expedition Truck
• NoRoader Expedition Truck
• Zetros Expedition Vehicle
• Krug Expedition Project Rhino
• Range Leader Expedition Trucks
• All Terrain Expedition Camper Trucks

Expedition Truck Market Growth Factors

• Increase in tourism: The increasing interest in travel and outdoor activities among the population is driving the demand for efficient and equipped vehicles, which in turn drives the demand for expedition trucks. 
• The rise in the population: The increasing population, especially the younger population, which is more interested in camping and long travel activities, accelerated the demand for expedition trucks.
• Increasing market competition: The leading market players are intervening more heavily in expedition vehicles due to the rising demand from consumers and demand for well-equipped vehicles.
• Technological advancements: The rising demand for luxurious and advanced expedition vehicles that enhance comfort during long travel and consumer tendencies toward the integration of smart technologies are driving the growth of the market. 
• Rise in income: The increase in the per capita income in the population of economically developed and developing countries and spending culture in lifestyle, maintenance, travel, and tourism is anticipated to enhance the market’s expansion. 

How Can AI impact the expedition truck market?

Artificial intelligence is transforming the automobile industry with its advanced machine learning and predictive maintenance properties. AI and its associated technologies like cloud computing, machine learning, internet of things (IoT), and data analytics emerge as new opportunities in the expansion of the automobile and transportation industry. AI integration in the vehicle opens up potential opportunities for fuel consumption, self-driving cars, and advancements in sensors. It enhanced the personalized experience, smarter traffic management, improved connectivity, reduced carbon emissions, increased convenience, optimized insurance process, autonomous vehicles, fewer accidents, and improved fuel efficiency. 

• In March 2023, Ford Motor Company founded Latitude AI, a specialized subsidiary fully focusing on the development of an eyes-off-the-road, hands-free driving system for millions of vehicles. Latitude AI’s 550-person team brings expertise in robotics, machine learning, sensors, software, test operations, and systems engineering.

Market Scope

Market Dynamics

Driver

The rising demand for personalized long-distance travel solutions

The increasing population and the demand for travel and tourism activities, with the rising spending on travel luxuries, are driving the demand for the expedition truck market. The increasing demand for personalizing vehicles with one's own ideas is accelerating the adoption of the expedition truck. The rising long-distance travel and camping activities drive the demand for vehicles that are fully equipped with all the necessities. There is increasing demand from the consumer for personalization in vehicles with unique ideas. Additionally, the demand for luxurious trips with more comfort and amenities while traveling is expanding.

Restraint

High cost

Expedition trucks are usually higher in cost than other transport vehicles due to their enhanced and inner-equipped features, which make them expensive in nature to purchase and maintain, which limits the growth of the expedition truck market.

Opportunity

The evaluation of the automobile industry

The rising population and the demand for automobiles, with the addition of advanced technologies, are transforming the automobile industry. The acceptance of automation in vehicles or in the trucking industry enhances the safety of lives and vehicles. Automation improves the human-machine interface and adaptive learning and provides real-time communication and remote monitoring and diagnostics. Additionally, the rising investment in the integration of technologies in the automobile by the leading automobile industries is driving potential opportunities in the expedition truck market.

Weight Insights

The below 3.5 tonnes segment led the expedition truck market in 2023. The increasing demand for below 3.5 tonnes is due to the rise in tourism activities. Expedition trucks or vehicles are highly capable of doing off-road activities such as advanced properties. The expedition vehicles are used for long and adventure travel. The trucks or vehicles are equipped with toilets, kitchens, power and water supply, sleeping quarters, and others. The increasing interest among people in traveling in remote areas creates the demand for luxurious and compact interiors in trucks and vehicles with all the essential and luxurious amenities that help accelerate the demand for the below 3.5 tonnes segment. 

Drive System Insights

The 4WD segment dominated the expedition truck market in 2023. The rising number of campers and adventurous travelers globally drives the demand for expedition trucks with enhanced safety and equipped with all the essential elements, which drives the demand for 4WD expedition trucks. It is also known as the four-wheel drives expedition truck, which offers excellent off-road capabilities with enhanced driving experience in the rough terrain in which the normal cars cannot reach. It had better road grip, especially on muddy, wet, and snowy roads. It is easy for these types of trucks to face hurdles on the roads, such as potholes, rocks, and bumps.

Type Insights

The overland vehicles segment is anticipated to witness significant growth in the expedition truck market over the forecast period. The increasing construction and mining activities in the world are due to the rising population and the continuous demand for energy that drives the demand for overland vehicles. The leading players are highly contributing to the expansion of overland vehicles by adopting them instead of mining trucks. It offers several advantages, such as reducing the supply of material, reducing the chances of accidents, having the better ability to go anywhere, minimizing labor requirements, and being environmentally friendly, which makes it ideal for several activities in different industries. 

Expedition Truck Market Companies

• 27 North Inc
• Action Mobile GmbH
• All Terrain Expedition Camper Trucks
• Bliss Mobil
• Boxmanufaktur
• Expedition Vehicle
• Gekkotruck
• Global Expedition Vehicles
• Motorcraft Adventure Developments
• ROVER Off Road
• Unicat GmbH
• Krug Expedition Truck 

Recent Developments 

• In July 2024, Krug Expedition, an Australian company renowned for crafting world-class expedition vehicles, introduced the Bedrock XT2, which is one of the most capable and powerful travel vehicles. The Bedrock XT2 build under the collaboration with the Arctic Trucks, the polar transport expert made especially for the U.S. market. 
• In November 2023, Storyteller Overland, a leading player in the class B RV and super C RV manufacturing space, celebrated its 5th anniversary with the launch of "Retro OG MODE," it is a limited edition adventure van. 
• In July 2023, Isuzu UK launched the new Isuzu D-Max V-Cross version-based display vehicle. It consists of an Isuzu Expedition Edition pick-up that wears a Valencia Orange hue and a number of camping accessories with enormous customizability. 
• In May 2024, a new overland trailer company ‘Roam Resilient’ from Northern California, officially launched the Roam Resilient Expedition Vehicles (RREV) Baja Edition, which is available for extended, comfortable, and remote off-grid adventures.

Segments Covered in the Report 

By Weight

• Below 3.5 Tonnes
• 3.5-7.5 Tonnes
• Above 7.5 Tonnes

By Drive System

• 2wd
• 4wd
• Above 4wd

By Type

• Class A
• Class B
• Class C
• Overland Vehicle

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa