Global Garbage Truck Market 2024-2028
The garbage truck market is forecasted to grow by USD 4.63 bn during 2023-2028, accelerating at a CAGR of 5.26% during the forecast period. The report on the garbage truck market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing urbanization globally, growing volume of industrial waste, and stringent waste disposal regulations and government initiatives promoting environmental sustainability.
Technavio's garbage truck market is segmented as below:
By Type
- Rear loader
- Front loader
- Side loader
By End-user
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing popularity of electric garbage trucks as one of the prime reasons driving the garbage truck market growth during the next few years. Also, integration of smart and automated technologies in garbage trucks and development of new garbage trucks will lead to sizable demand in the market.
The report on the garbage truck market covers the following areas:
- Garbage truck market sizing
- Garbage truck market forecast
- Garbage truck market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading garbage truck market vendors that include AB Volvo, Autocar LLC, Battle Motors, Bridgeport Manufacturing, Curbtender Sweepers LLC, Dongfeng Motor Group Co. Ltd., EL Industries International, EZ Pack, FULONGMA GROUP Co. Ltd., Haul All Equipment Ltd., Heil An Environmental Solutions Group Co., Hyundai Motor Co., Hyzon Motors, KIRCHHOFF Group, Labrie Environmental Group, McNeilus Truck and Manufacturing Inc., Mitsubishi Motors Corp., New Way Refuse Trucks, PACCAR Inc., Porsche Automobil Holding SE, Shandong Wuzheng Group Co. Ltd., Terberg RosRoca Group, Wastequip LLC, Xuzhou Construction Machinery Group Co. Ltd., and BYD Co. Ltd.. Also, the garbage truck market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.