The global demand for Garbage Trucks Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX K Units in 2021 and forecast to touch XX K Units by 2028 with a CAGR of XX% during 2022-2028.
The garbage truck is a waste collecting vehicle. It is driven from one house to another to collect rubbish from the bins outside and transport it to a waste treatment office, like a landfill, reusing focus, or depot. Garbage trucks are also referred to as deny truck, dustcart, refuse truck, , rubbish truck, dustbin lorry, container cart, receptacle lorry, canister van, or bin lorry. Many types of garbage trucks are available in the market to suit different needs. Today's garbage truck is equipped with cameras, onboard diagnostics, telematics, and mechanical arms to make waste collection safer and more efficient than ever before.
Market Dynamics
The global garbage trucks market is projected to grow at a healthy rate during the forecast period with a growing worldwide population, concerns about the public health effects, rising urbanization, consumerism, and changing lifestyle. The world generates 2.01 billion tons of municipal solid waste yearly, of which high-income countries generate about 34 percent. Waste generated per person per day averages 0.74 kilograms. Market players are launching garbage trucks with additional technological & commercial developments and sustainable technology. The development of electric garbage trucks is an opportunity to move away from traditional gasoline or diesel-fuel-burning garbage trucks and their damaging health and environmental impacts. However, garbage trucks have high initial cost and maintenance charges which are hindering the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of garbage trucks. The growth and trends of Garbage Trucks Industry provide a holistic approach to this study.
Market Segmentation
This section of the garbage trucks market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Propulsion
By Product Type
- Front
- Rear
- Side (Manual side loaders, automated side loaders, and semi-automated side loaders)
- Roll Off Truck
By Applications
- Urban Garbage Treatment
- Building and Mining industry
- Others
By End-Use Industry
- Municipal Waste Management
- Healthcare
- Chemical
- Mining
- Construction
- Others
By Capacity
- Below 25 Metric Tons
- 25–50 Metric Tons
- 51–150 Metric Tons
- 151–300 Metric Tons
- Above 300 Metric Tons
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Garbage Trucks market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Garbage Trucks Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the garbage trucks market include Combilift Material Handling Solutions, Labrie Enviroquip Group, Doosan Corporation, Fujian Longma Environmental Sanitation Equipment Co., Ltd., Caterpillar, BAS Mining Trucks, BELAZ NORTH AMERICA INC, Cummins Inc., Liebherr, EZ-Pack, and ETF HOLDING B.V. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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