Garbage Truck Market Size - By Type (Front Loader, Rear Loader, Side Loader), By Fuel Type (Electric, Gasoline, Diesel), By Technology (Manual, Automatic, Semi-automatic), By End-Use (Municipal, Industrial) & Forecast, 2024 - 2032
Description
Garbage Truck Market Size - By Type (Front Loader, Rear Loader, Side Loader), By Fuel Type (Electric, Gasoline, Diesel), By Technology (Manual, Automatic, Semi-automatic), By End-Use (Municipal, Industrial) & Forecast, 2024 - 2032
Global Garbage Truck Market size will expand at a 4.5% CAGR from 2024 to 2032, fueled by technological innovations such as electric and automated garbage trucks. These advancements enhance operational efficiency, reduce emissions, and lower maintenance costs. Government initiatives promoting sustainability and stricter emissions standards further propel market expansion. By aligning with these trends, municipalities and waste management companies can improve service delivery while meeting environmental goals. This dual focus on innovation and regulatory compliance will foster substantial market growth, catering to the evolving needs of urban waste management globally.
For instance, in April 2024, Anchorage unveiled two new fully electric garbage trucks, the Peterbilt 520, through a public launch hosted by the Municipality of Anchorage’s Solid Waste Services at their facilities. This development signifies a potential shift in the global garbage truck industry towards increased adoption of electric vehicles, driven by environmental concerns and advancements in technology. It also highlights municipalities' efforts to meet stricter emissions regulations and reduce carbon footprints, potentially influencing broader market preferences and investments in eco-friendly waste management solutions.
The garbage truck market is divided based on type, fuel type, technology, end-use, and region.
The electric segment will establish a noteworthy foothold through 2032, attributed to growing environmental concerns and stringent emission regulations. The increasing focus on sustainability and the reduction of carbon footprints drive the demand for electric garbage trucks. Technological advancements in battery efficiency and lower operational costs also boost their adoption. Additionally, government incentives and subsidies for electric vehicles encourage municipalities and waste management companies to invest in electric garbage trucks, solidifying the segment's leading position in the market.
The municipal segment will experience a considerable upturn by 2032 due to the continuous need for efficient waste management in urban areas. Increasing urbanization and population growth drive demand for reliable waste collection services. Government regulations and initiatives to maintain cleanliness and public health further boost investments in advanced garbage trucks. Additionally, municipalities' focus on upgrading their fleets with technologically advanced and environmentally friendly trucks contributes to the dominance of the municipal segment in the garbage truck industry.
North America garbage truck market share will record a remarkable CAGR between 2024 and 2032, driven by the country's advanced waste management infrastructure and stringent environmental regulations. The region's high urbanization rate and increasing municipal budgets for sanitation services drive demand for modern garbage trucks. Additionally, technological advancements and the adoption of electric and automated garbage trucks contribute to market growth. Strong government support for sustainable waste management practices further boosts the market, making North America a crucial contributor to the garbage truck industry.
Table of Contents
265 Pages
- 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 degree synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Component suppliers
- 3.2.2 Manufacturers
- 3.2.3 Waste management companies
- 3.2.4 Distribution channel
- 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 Cost structure analysis
- 3.8 Regulatory landscape
- 3.9 Impact forces
- 3.9.1 Growth drivers
- 3.9.1.1 Rising awareness of waste management
- 3.9.1.2 Increasing automation in commercial vehicles
- 3.9.1.3 Government initiatives to support clean & green cities
- 3.9.1.4 Growing industrialization and urbanization across the globe
- 3.9.2 Industry pitfalls & challenges
- 3.9.2.1 High maintenance and operational costs
- 3.10 Growth potential analysis
- 3.11 Porter's analysis
- 3.12 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates & Forecast, By Truck, 2021 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Rear loader
- 5.3 Front loader
- 5.4 Side loader
- Chapter 6 Market Estimates & Forecast, By Fuel, 2021 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Electric
- 6.3 Gasoline
- 6.4 Diesel
- Chapter 7 Market Estimates & Forecast, By Technology, 2021 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Manual
- 7.3 Automatic
- 7.4 Semi-automatic
- Chapter 8 Market Estimates & Forecast, By End Use, 2021 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 Municipal
- 8.3 Industrial
- Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Russia
- 9.3.6 Belgium
- 9.3.7 Sweden
- 9.3.8 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Indonesia
- 9.4.6 Thailand
- 9.4.7 Vietnam
- 9.4.8 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 MEA
- 9.6.1 South Africa
- 9.6.2 UAE
- 9.6.3 Saudi Arabia
- 9.6.4 Iran
- 9.6.5 Turkey
- 9.6.6 Rest of MEA
- Chapter 10 Company Profiles
- 10.1 Autocar, LLC
- 10.2 Bridgeport Manufacturing
- 10.3 Dennis Eagle Inc.
- 10.4 Dongfeng Motor Corporation Ltd.
- 10.5 FAUN Umwelttechnik GmbH & Co. KG
- 10.6 FULONGMA GROUP Co.,Ltd.
- 10.7 Heil Environmental
- 10.8 Johnston Sweepers Ltd.
- 10.9 Kirchhoff Group
- 10.10 Labrie Group
- 10.11 Mack Trucks
- 10.12 McNeilus Truck and Manufacturing Inc.
- 10.13 New Way Trucks
- 10.14 Peterbilt
- 10.15 Scania AB
- 10.16 Shandong Wuzheng Group Co., Ltd.
- 10.17 Terberg Environmental
- 10.18 Volvo Group
- 10.19 Wayne Engineering Inc.
- 10.20 XCMG Group
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