Garbage Collection Trucks

Garbage Collection Trucks

Global Garbage Collection Trucks Market to Reach US$22.8 Billion by 2030

The global market for Garbage Collection Trucks estimated at US$13.8 Billion in the year 2023, is expected to reach US$22.8 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2023-2030. Rear Loaders, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$11.4 Billion by the end of the analysis period. Growth in the Front Loaders segment is estimated at 6.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.7 Billion While China is Forecast to Grow at 9.9% CAGR

The Garbage Collection Trucks market in the U.S. is estimated at US$3.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.0% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Global Garbage Collection Trucks Market - Key Trends & Drivers Summarized

Garbage collection trucks are essential vehicles in waste management systems, responsible for the efficient collection and transportation of waste from residential, commercial, and industrial areas to disposal or recycling facilities. These trucks come in various types, including front loaders, rear loaders, and side loaders, each designed for specific waste collection needs. The efficiency and effectiveness of garbage collection trucks are critical for maintaining public health and environmental cleanliness. Innovations in truck design and technology are continually improving their operational efficiency, reducing emissions, and enhancing safety.

The integration of advanced technologies is transforming the garbage collection truck market. Features such as automated arms for waste collection, GPS and telematics systems for route optimization, and sensors for monitoring waste levels are becoming standard. These advancements not only improve efficiency but also reduce the operational costs and environmental impact of waste collection. Electric garbage collection trucks are also gaining traction as municipalities seek to reduce their carbon footprint and comply with stricter emission regulations. Additionally, the focus on worker safety has led to the incorporation of ergonomic designs and safety features in modern garbage collection trucks.

The growth in the garbage collection truck market is driven by several factors. Firstly, the increasing urbanization and population growth are leading to higher volumes of waste, necessitating efficient waste collection systems. Secondly, stringent environmental regulations are pushing municipalities to adopt cleaner and more efficient vehicles, including electric and hybrid garbage collection trucks. Thirdly, advancements in automation and telematics are improving the operational efficiency and reducing the costs associated with waste collection. Additionally, the rising awareness of worker safety is driving the demand for trucks with enhanced safety features. Lastly, the adoption of smart city initiatives and sustainable waste management practices is further propelling the growth of the garbage collection truck market.

Select Competitors (Total 92 Featured) -

• Doosan Corporation (Doosan Group)
• Dongfeng Motor Group Co., Ltd.
• Galbreath Inc.
• Autocar LLC
• DAF Trucks NV
• Caterpillar Inc.
• Deutz AG
• Fujian Longma Environmental Sanitation Equipment Co. Ltd.
• Geesinknorba Ltd.
• DULEVO INTERNATIONAL S.p.A.
• Combilift Ltd.
• Cummins Inc.
• Battle motors
• Dennis Eagle Ltd
• Bluestream

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