Garbage Collection Trucks Market Key Players, Size, Share, Analysis and Forecast To 2029

Garbage Collection Trucks Market 2022

Garbage Collection Trucks Market is a growing industry. The amount of waste produced by humans is increasing every year, and the need for garbage collection trucks is correspondingly growing. Garbage collection trucks are an essential piece of infrastructure for modern society, and their market value is only going to increase in the years to come.

Significant demand for automatic garbage collection trucks is contributing to the growth of the garbage collection trucks market throughout the forecast period. The global garbage collection trucks market value is projected to be ~US$ 7 Bn by the end of 2019, and is expected to grow ~US$9.1 Bn by the end of the 2029.

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The global sales of garbage collection trucks reached ~62,155 (units) in 2018, as revealed by the latest report on the garbage collection trucks market by PMR. According to the analysis, the garbage collection trucks market is projected to grow at ~4% CAGR during the forecast period. Rising demand for garbage collection trucks from municipal and industrial sectors is likely to propel the garbage collection trucks market growth during the forecast period. According to the detailed research and deep study, increasing industrial activities & huge waste generation across the globe has led to the growth of the garbage collection trucks market. Moreover, heavy demand for refuse trucks for municipal and industrial garbage collection applications is set to directly contribute to the growth of the garbage collection trucks market during the forecast period.

Significant demand for automatic garbage collection trucks is contributing to the growth of the garbage collection trucks market throughout the forecast period.

Key Companies-

• McNeilus Truck & Manufacturing, Inc. Overview
• Zoomlion Heavy Industry Science & Technology Co., Ltd.
• Fujian Longma Environmental Sanitation Equipment Co., Ltd
• Dongfeng Motor Corporation
• Heil – An Environmental Solutions Group Company
• PAK-MOR LTD.
• FAUN environmental technology GmbH & Co. KG
• EZ-Pack Refuse Hauling Solutions, LLC
• Labrie Enviroquip Group

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Steady Demand from the Municipal Waste Management Sector

As per PMR’s deep dive analysis, key players in the garbage collection trucks market are offering garbage collection trucks with characteristic properties, based on product type, such as front loader, rear loader, and side loader. Maximum demand for garbage collection trucks is from the municipal end-use industry, followed by industrial, which will result in heavy surge in the garbage collection trucks market growth during the forecast period.

China to Hold Significant Market Share

Owing to factors such as rapid industrial growth, urbanization, stable political backdrop, and governmental regulations in the country, China is expected to hold a prominent market share in the garbage collection trucks market during the forecast period.

Presence of major market players in the country and entrants in merger & acquisition activities are key factors pushing the growth of the garbage collection trucks market in China.

A majority of market participants active in the garbage collection trucks market are adopting various strategies related to the demand point of view, from manufacturers and buyers. Significant developments & latest innovations and investments in R&D to enrich product portfolio are seen in the market. For instance, in 2017, McNeilus Truck & Manufacturing, Inc. launched enhanced products under its product line Meridian Front loader and Zero radius side loader trucks.

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Key Questions Answered in This Report.

• What will the Market growth rate in Future?
• What are the key factors driving the global Market?
• Who are the key manufacturers in Market space?
• What are the opportunities and threats faced by the vendors in the global industry?
• What are sales, revenue, and price analysis by regions of industry?

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