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With a predicted CAGR of 9.40% from 2024–2031, the garbage truck market is expected to rise from an initial valuation of $14,818.60M in 2023 to a final value of USD 26,110.94M in 2031.
The global garbage truck market is being propelled by the increasing demand for waste management on a global scale. Garbage truck sales are on the rise due to factors such as the increasing volume of medical waste and the increasing number of building projects in emerging nations. The research study offers a comprehensive analysis of the garbage truck industry worldwide. The research provides an in-depth evaluation of the market's most important subsegments, trends, drivers, constraints, competitive landscape, and factors.
Garbage trucks are engineered to gather small amounts of trash and transport the accumulated material to a facility that treats solid waste. In addition to dump truck and trash truck, this kind of vehicle is known as waste truck, dustbin lorry, bin wagon, dustcart, bin motor, and similar terms in other countries. Vehicles that gather refuse are sometimes known as refuse collecting vehicles or trash trucks. You can see these trucks in most major cities. Garbage trucks are in high demand due to the increasing global need for waste management services.
Garbage trucks have played a crucial part in the disposal of human waste since the 1890s. The disposal of refuse was a near-daily occurrence prior to the creation of motor vehicles; it was deposited into sewers, floated down rivers, or heaped in the streets. Every home generates a certain amount of waste on a monthly, weekly, or even daily basis, regardless of the lifestyle or habits of its members. In order to mitigate the health and safety hazards associated with over-waste, families need consistent garbage pickup services. Consequently, garbage trucks are used effectively to address this issue.
The rising level of automation in commercial vehicles is boosting efficiency, safety, and productivity, which in turn is fueling the expansion of the garbage truck market. Reduce the danger of injury and dependency on manual labor by streamlining waste collecting procedures with automation technology like robotic arms and automated collection systems. Waste may be collected more quickly and accurately thanks to automation, which boosts operating efficiency. Businesses and municipalities are increasingly looking to streamline their waste management operations, which is driving the need for garbage trucks with advanced automation features.
Garbage trucks are a potential stumbling block to industry growth due to their high operating and maintenance costs. On a regular basis, garbage trucks need to have their hydraulic systems and other parts serviced. For trucks that are a few years old or have unique characteristics, these repairs can add up quickly. The total cost of operating a garbage truck fleet includes not only the trucks themselves, but also fuel, insurance, and labor costs. Companies or towns involved in garbage management may be hesitant to invest in new vehicles or upgrades due to the hefty expenses, which might limit their profitability.
The new garbage trucks couldn't have come at a worse time because the pandemic messed with production and supply chains. Because of this, the garbage truck market was unable to grow as waste management companies were unable to upgrade their fleets or replace older vehicles. There was a need for more technologically sophisticated garbage trucks since the epidemic brought attention to the significance of keeping sanitation and hygiene standards high.
A garbage truck is a specialized vehicle that is designed to deliver MSW to a treatment facility, be it a transfer station, recycling center, or landfill. In Australia, they are more often called waste trucks or garbage trucks, whilst in the UK they are more often called dustbin lorries or bin lorries. In the US, this vehicle is called a garbage truck; abroad, it goes by a variety of names including waste truck, dustcart, rubbish truck, bin wagon, or bin van. Technically speaking, these vehicles are known as refuse collection vehicles (RCVs) or rubbish collecting vehicles. Electric and hybrid vehicles are in high demand, especially for heavy-duty trucks, which are responsible for a disproportionate share of harmful fuel emissions. Because of their large-scale impact and better economics, electric vehicles will also significantly affect emissions. Manufacturers are also swaying towards developing technology for electric garbage collection vehicles, as electric-based vehicles will be a major factor in the expansion of the worldwide market for such trucks.
The global garbage truck market is being propelled by the increasing demand for waste management on a global scale. The world's garbage production is on the rise. According to the World Bank, in 2020, the global population generated an estimated 2.24 billion tons of solid waste, which equates to 0.79 kilograms per person each day. Garbage truck sales are on the rise due to factors such as the increasing volume of medical waste and the increasing number of building projects in emerging nations. Potential growth inhibitors for the market over the projection period include high maintenance costs and upfront investment requirements. Additionally, the industry could be stifled by strict government regulations on the emissions of diesel garbage trucks.
Report Coverage
Global Garbage Truck research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Garbage Truck report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Garbage Truck competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Garbage Truck market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Garbage Truck market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Garbage Truck market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
New Way, Heil Co., Bridgeport Truck Manufacturing, Curbtender, McNeilus, Labrie, Kirchhoff Group, Haul-All Equipment, EZ Pack, and others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Garbage Truck market based on the below-mentioned segments:
Global Garbage Truck Market, By Product
Side Loaders
Front Loaders
Rear Loaders
Global Garbage Truck market, By Application
Building & Mining
Hazardous Waste
Urban Garbage Treatment
Others
Global Garbage Truck Market, By Propulsion
Gasoline
Diesel
Electric
Global Garbage Truck market, Regional Analysis
The global garbage truck market is being propelled by the increasing demand for waste management on a global scale. Garbage truck sales are on the rise due to factors such as the increasing volume of medical waste and the increasing number of building projects in emerging nations. The research study offers a comprehensive analysis of the garbage truck industry worldwide. The research provides an in-depth evaluation of the market's most important subsegments, trends, drivers, constraints, competitive landscape, and factors.
Garbage trucks are engineered to gather small amounts of trash and transport the accumulated material to a facility that treats solid waste. In addition to dump truck and trash truck, this kind of vehicle is known as waste truck, dustbin lorry, bin wagon, dustcart, bin motor, and similar terms in other countries. Vehicles that gather refuse are sometimes known as refuse collecting vehicles or trash trucks. You can see these trucks in most major cities. Garbage trucks are in high demand due to the increasing global need for waste management services.
Garbage trucks have played a crucial part in the disposal of human waste since the 1890s. The disposal of refuse was a near-daily occurrence prior to the creation of motor vehicles; it was deposited into sewers, floated down rivers, or heaped in the streets. Every home generates a certain amount of waste on a monthly, weekly, or even daily basis, regardless of the lifestyle or habits of its members. In order to mitigate the health and safety hazards associated with over-waste, families need consistent garbage pickup services. Consequently, garbage trucks are used effectively to address this issue.
The rising level of automation in commercial vehicles is boosting efficiency, safety, and productivity, which in turn is fueling the expansion of the garbage truck market. Reduce the danger of injury and dependency on manual labor by streamlining waste collecting procedures with automation technology like robotic arms and automated collection systems. Waste may be collected more quickly and accurately thanks to automation, which boosts operating efficiency. Businesses and municipalities are increasingly looking to streamline their waste management operations, which is driving the need for garbage trucks with advanced automation features.
Garbage trucks are a potential stumbling block to industry growth due to their high operating and maintenance costs. On a regular basis, garbage trucks need to have their hydraulic systems and other parts serviced. For trucks that are a few years old or have unique characteristics, these repairs can add up quickly. The total cost of operating a garbage truck fleet includes not only the trucks themselves, but also fuel, insurance, and labor costs. Companies or towns involved in garbage management may be hesitant to invest in new vehicles or upgrades due to the hefty expenses, which might limit their profitability.
The new garbage trucks couldn't have come at a worse time because the pandemic messed with production and supply chains. Because of this, the garbage truck market was unable to grow as waste management companies were unable to upgrade their fleets or replace older vehicles. There was a need for more technologically sophisticated garbage trucks since the epidemic brought attention to the significance of keeping sanitation and hygiene standards high.
A garbage truck is a specialized vehicle that is designed to deliver MSW to a treatment facility, be it a transfer station, recycling center, or landfill. In Australia, they are more often called waste trucks or garbage trucks, whilst in the UK they are more often called dustbin lorries or bin lorries. In the US, this vehicle is called a garbage truck; abroad, it goes by a variety of names including waste truck, dustcart, rubbish truck, bin wagon, or bin van. Technically speaking, these vehicles are known as refuse collection vehicles (RCVs) or rubbish collecting vehicles. Electric and hybrid vehicles are in high demand, especially for heavy-duty trucks, which are responsible for a disproportionate share of harmful fuel emissions. Because of their large-scale impact and better economics, electric vehicles will also significantly affect emissions. Manufacturers are also swaying towards developing technology for electric garbage collection vehicles, as electric-based vehicles will be a major factor in the expansion of the worldwide market for such trucks.
The global garbage truck market is being propelled by the increasing demand for waste management on a global scale. The world's garbage production is on the rise. According to the World Bank, in 2020, the global population generated an estimated 2.24 billion tons of solid waste, which equates to 0.79 kilograms per person each day. Garbage truck sales are on the rise due to factors such as the increasing volume of medical waste and the increasing number of building projects in emerging nations. Potential growth inhibitors for the market over the projection period include high maintenance costs and upfront investment requirements. Additionally, the industry could be stifled by strict government regulations on the emissions of diesel garbage trucks.
Report Coverage
Global Garbage Truck research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Garbage Truck report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Garbage Truck competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Garbage Truck market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | New Way, Heil Co., Bridgeport Truck Manufacturing, Curbtender, McNeilus, Labrie, Kirchhoff Group, Haul-All Equipment, EZ Pack, and others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Garbage Truck Market from 2021 to 2031.
- Market Forecast for Garbage Truck Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Garbage Truck competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Garbage Truck
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Garbage Truck market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Garbage Truck market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
New Way, Heil Co., Bridgeport Truck Manufacturing, Curbtender, McNeilus, Labrie, Kirchhoff Group, Haul-All Equipment, EZ Pack, and others.
Primary Target Market
- Market Players of Garbage Truck
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Garbage Truck market based on the below-mentioned segments:
Global Garbage Truck Market, By Product
Side Loaders
Front Loaders
Rear Loaders
Global Garbage Truck market, By Application
Building & Mining
Hazardous Waste
Urban Garbage Treatment
Others
Global Garbage Truck Market, By Propulsion
Gasoline
Diesel
Electric
Global Garbage Truck market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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