Rear Loader Trucks Market Size - By Fuel (Electric, Gasoline, Diesel), By Technology (Manual, Automatic, Semi-Automatic), By Capacity (Below 10 Tons, 10-20 Tons, Above 20 Tons), By End-User Industry & Forecast, 2024 – 2032
Global Rear Loader Trucks Market size is set to record over 3% CAGR from 2024 to 2032 due to the increasing partnerships and collaborations within the urban waste management sector. Companies are forming alliances to enhance efficiency and sustainability in waste collection processes. Municipalities and waste management firms are working together to implement innovative solutions to address the challenges posed by increasing urbanization. Moreover, initiatives are integrating advanced technologies and optimizing routes to manage the surging volumes of urban waste effectively. This collaborative approach is shaping the future of urban waste management to ensure cleaner and more sustainable cities.
For instance, in August 2023, Volvo Trucks Australia and JJ’s Waste and Recycling joined forces to trial the Volvo FE Electric, a rear loader truck with a 16-cubic-meter waste body for urban operations. This collaboration is enhancing urban waste management efficiency.
The rear loader trucks industry is segmented based on fuel, technology, capacity, end-user industry, and region.
The market share from the electric fuel segment will record a decent growth rate between 2024 and 2032 due to the increasing adoption of these vehicles to reduce emissions and noise pollution. Municipalities are integrating electric rear loader trucks into their fleets to promote sustainability. As manufacturers improve battery efficiency, the trucks are running longer routes without recharging. Additionally, the waste management industry is shifting towards greener practices, which are significantly impacting urban environments and ensuring that waste collection becomes more efficient and environmentally friendly.
The rear loader trucks market from the recycling companies segment is anticipated to witness a significant CAGR from 2024-2032 owing to the rising need for efficiently collecting and transporting recyclable materials. These trucks are equipped with compacting mechanisms that maximize the volume of collected waste to improve operational efficiency. As recycling efforts expand and technology advances, these trucks are being upgraded with enhanced features such as automated loading systems and improved fuel efficiency for better waste management practices.
North America rear loader trucks industry will record significant CAGR through 2032, driven by regulatory policies and government initiatives to improve waste management and environmental sustainability. These regulations are encouraging the adoption of more efficient and Eco-friendly waste collection methods. In addition, economic growth and increased spending power are enabling municipalities and private companies to invest in advanced rear loader trucks. The ongoing evolution will ensure that waste collection systems remain effective and environmentally responsible for meeting the growing demands of urban and suburban areas in North America.
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 Component suppliers
3.2.3 Manufacturers
3.2.4 Distributors
3.2.5 End-users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Presence of stringent waste management regulations
3.8.1.2 Rapid urbanization and population growth
3.8.1.3 Government initiatives for upgrading their waste collection fleets