Dublin, April 05, 2024 (GLOBE NEWSWIRE) -- The "Garbage Collection Trucks - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Garbage Collection Trucks Market to Reach $22.8 Billion by 2030
The global market for Garbage Collection Trucks estimated at US$13.8 Billion in the year 2023, is projected to reach a revised size of US$22.8 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2023-2030.
The report provides an introduction to garbage collection trucks, outlining their significance in waste management systems. It delves into the competitive landscape of the industry, detailing the global key competitors' percentage market share in 2023. The outlook for the global garbage collection trucks market is optimistic, with projections indicating rapid growth driven by factors such as increasing adoption of CNG-powered and battery-electric waste collection vehicles.
Rear Loaders, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$11.4 Billion by the end of the analysis period. Growth in the Front Loaders segment is estimated at 5.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 8.6% CAGR
Developed regions are leading the market, with rear loaders dominating the segment. Municipal garbage remains the dominant end-use sector, although industrial garbage is expected to witness the fastest growth. Recent market activity is also reviewed, providing insights into the evolving landscape of garbage collection trucks. Additionally, the competitive market presence of players worldwide in 2023 is analyzed, offering further context into the market dynamics.
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 8.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Exciting New Report Features
- Full access to influencer engagement stats
- Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
- Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
- Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 539 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $13.8 Billion |
| Forecasted Market Value (USD) by 2030 | $22.8 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Garbage Collection Trucks - A Prelude
- Competitive Landscape
- Garbage Collection Trucks - Global Key Competitors Percentage Market Share in 2023 (E)
- Global Market Prospects and Outlook
- Global Garbage Collection Trucks Market Set to Witness Rapid Growth
- Increasing Adoption of CNG-powered Waste Collection Vehicles, While Rising Interest in Battery-Electric Waste Collection Fleets
- Growing Vehicle Electrification, Hybrid Vehicles, and Emphasis on Alternative Fuel
- Developed Regions Lead the Global Garbage Trucks Market
- Rear Loaders Dominate the Market
- Municipal Garbage End-use Dominates, Industrial Garbage Sector to Witness Fastest Growth
- Recent Market Activity
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
MARKET TRENDS & DRIVERS
- Growing Global Population, Urbanization, and Rapid Industrialization Drive Market Growth
- Expanding World Population & Increase in Economic and Industrial Activity Necessitates Plastic Waste: World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
- World Urban Population in Thousands: 1950-2050P
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Rise in Municipal Solid Waste (MSW) Augurs Well for Market Growth
- Global Waste Generation, by Region (in millions of tonnes/year): 2016, 2030, 2050
- Increase in Plastic Production Volumes Contribute to Plastic Waste, Driving the Demand for Garbage Collection Trucks
- Global Plastics Production by Region/Country (in %): 2022
- Global Plastics Usage by Sector (in %): 2022
- Increase in Plastic Waste to Drive the Demand for Garbage Collection Trucks
- Plastic Waste Statistics: In a Nutshell
- Global Percentage Breakdown of Plastic Waste Generation by End-Use Sector: 2022
- Increasing Waste from Packaging Industry Drives the Garbage Collection Trucks Market
- Global Packaging Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Growing Sales of Packaged Foods & Beverages Contribute to Rise in Plastic Waste, Driving Need for Garbage Collection Trucks: Global Packaged Food Sales in US$ Trillion: 2015, 2017, 2019, 2021 & 2023
- Rise in Construction Activities to Drive the Demand for Garbage Collection Trucks
- Global Construction Spending (in US$ Trillion) for the Years 2020-2028
- Recovery in Construction Sector, Post 2020 Boosts Growth
- Technological Advancements in Garbage Collection Trucks
- EV Adoption to Grow for Garbage Collection
- Constant Product Innovation to Help Retain Market Tempo
- Select Product Innovations in Recent Years
- Manufacturer and End-users Tween for Environment-friendly Garbage Collection Vehicles
- The Rise of Curb-to-Grid Waste Management Companies
- Fleet Operators Gain Success in Pursuit of Safety
- On-demand Waste Collection Lessens Cost Burden, Eases Emissions
- As Technology Advances, so does Vehicle Features
- Growing Preference Towards Online and Direct-to-Consumer Sales
- Rising Demand for Connectivity
- Weight Reduction in Garbage Truck Bodies
FOCUS ON SELECT PLAYERS (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
For more information about this report visit https://www.researchandmarkets.com/r/tcybvf
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
