What are the recent trends in market size and growth for the refuse truck (garbage handling trucks) market?
The refuse truck (garbage handling trucks) market size has grown exponentially in recent years. It will grow from $1.62 billion in 2024 to $2.05 billion in 2025 at a compound annual growth rate (CAGR) of 26.6%. The growth in the historic period can be attributed to the burgeoning pace of urbanization, rising awareness of waste management, increasing automation in commercial vehicles, rising environmental concerns, rising population, and stringent environmental regulations.
The refuse truck (garbage handling trucks) market size is expected to see exponential growth in the next few years. It will grow to $5.07 billion in 2029 at a compound annual growth rate (CAGR) of 25.4%. The growth in the forecast period can be attributed to the increasing adoption of electric garbage trucks, rising demand for sustainable waste management, demand for compact and maneuverable vehicles, rising awareness of worker safety, and growing trend of public-private partnerships (PPPs). Major trends in the forecast period include innovative technologies, advanced engineering solutions, innovation in diesel technology, innovations in cleaner technologies, and advanced charging systems, and advancements in automation and telematics.
Get Your Free Sample of The Global Refuse Truck (Garbage Handling Trucks) Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20943&type=smp
How have varous drivers impacted the growth of the refuse truck (garbage handling trucks) market?
The rising awareness of waste management is expected to propel the growth of the refuse truck market going forward. Waste management refers to the processes involved in handling waste from its inception to its final disposal, including collection, transportation, treatment, and recycling. The rising awareness of waste management can be attributed to environmental and health concerns, education and outreach efforts, social responsibility, and corporate engagement. Refuse trucks streamline waste management by efficiently collecting and transporting large volumes of waste to disposal or recycling facilities, reducing the time and labor required for waste removal. For instance, in February 2024, according to a report published by the United Nations Environment Programme, a US-based organization, the generation of municipal solid waste is expected to increase from 2.1 billion tons in 2023 to 3.8 billion tons by 2050. Therefore, the rising awareness of waste management drives the refuse truck market.
What are the primary segments of the refuse truck (garbage handling trucks) market?
The refuse truck (garbage handling trucks) market covered in this report is segmented –
1) By Type: Front Loaders; Rear Loaders; Side Loaders
2) By Fuel: Electric; Gasoline; Diesel
3) By Technology: Manual; Automatic; Semi-Automatic
4) By End-User: Municipal Garbage; Industrial Garbage; Other End Users
Subsegments:
1) By Front Loaders: Standard Front Loaders; Automated Front Loaders; Compaction Front Loaders
2) By Rear Loaders: Standard Rear Loaders; Automated Rear Loaders; Low-Profile Rear Loaders
3) By Side Loaders: Automated Side Loaders; Manual Side Loaders; Dual-Stream Side Loaders
Order your report now for swift delivery
Which firms are leading the refuse truck (garbage handling trucks) market?
Major companies operating in the refuse truck (garbage handling trucks) market areDaimler Truck Holding AG, Dongfeng Motor Corporation, Oshkosh Corporation, Zoomlion Heavy Industry Science & Technology Co. Ltd., Crane Carrier Company, Volvo Trucks North America Inc, Autocar LLC, Takuma Co. Ltd., Mack Trucks Inc., Peterbilt Motors Company, Isuzu Commercial Truck of America Inc., McNeilus Truck & Manufacturing Inc., Stellar Industries Inc., Hino Motors Manufacturing U.S.A. Inc., Labrie Enviroquip Group, New Way Ltd., Loadmaster Industries Inc, The Curbtender Inc., Scranton Manufacturing Company Inc., Spartan Motors Inc., Workhorse Group
Which key trends are expected to influence the refuse truck (garbage handling trucks) market in the coming years?
Major companies operating in the refuse truck market are focused on developing fully electric trash trucks to reduce carbon emissions, lower operating costs, and enhance sustainability in waste management operations. Electric trash trucks refer to refuse collection vehicles powered by electric batteries, designed to reduce emissions and noise while improving fuel efficiency. For instance, in December 2023, WIN Waste Innovations Holdings Inc., a US-based waste management company, launched Mack LR Electric vehicles and fully electric trash trucks in the City of Boston. These are powered exclusively by energy generated from the waste they collect, showcasing an innovative approach to both waste collection and renewable energy production. The transition to electric trucks is projected to prevent the use of approximately 12,000 gallons of diesel fuel and reduce carbon dioxide equivalent emissions by 122 metric tons annually. This aligns with broader environmental goals to decrease greenhouse gas emissions and reliance on fossil fuels.
Which geographic trends are shaping the refuse truck (garbage handling trucks) market, and which region has the highest market share?
Asia-Pacific was the largest region in the refuse truck (garbage handling trucks) market in 2024. The regions covered in the refuse truck (garbage handling trucks) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Refuse Truck (Garbage Handling Trucks) Market Report 2025 Offer?
The refuse truck (garbage handling trucks) market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A refuse truck, also known as a garbage truck or waste collection vehicle, is a specialized vehicle designed for the collection and transportation of solid waste to a treatment facility, landfill, or recycling center. It is equipped with mechanisms to lift and empty waste containers, compact the refuse, and securely transport it to its destination.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20943
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
