The Business Research Company’s report on the Garbage Truck Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the garbage truck market in recent years?
The rising need for waste management is expected to propel the growth of the garbage truck market going forward. Waste management is the process of gathering, handling, getting rid of, and managing waste products effectively and responsibly. Garbage trucks are helpful for waste management to collect and transport solid garbage from homes, businesses, and industrial areas to facilities for proper disposal or treatment. For instance, in 2024, according to a report published by the United Nations Environment Programme (UNEP), a Kenya-based environmental authority in the United Nations system, municipal solid waste generation is projected to increase from 2.1 billion tonnes in 2023 to 3.8 billion tonnes by 2050. Therefore, the rising need for waste management is driving the growth of the garbage truck market.
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What is the projected market size of the garbage truck industry, and how is it expected to grow?
The garbage truck market size has grown strongly in recent years. It will grow from $16.43 billion in 2024 to $17.56 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to urbanization and population growth, health and sanitation concerns, industrial revolution impact, public health crisis responses, and waste recycling initiatives
The garbage truck market size is expected to see strong growth in the next few years. It will grow to $23.54 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to shift towards electric and hybrid vehicles, smart waste management systems, demand for automated collection systems, adoption of AI in waste sorting, rise in biodegradable waste handling. Major trends in the forecast period include on-demand waste collection services, robotics integration in waste handling, enhanced waste segregation capabilities, modular and customizable truck designs, and smart fleet management systems.
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Who are the key players driving competition in the garbage truck market?
Major companies operating in the garbage truck market include Tata Ltd., Mack Trucks Inc., Bucher Municipal, FAUN Zoeller, Dennis Eagle Ltd., McNeilus Companies Inc., Heil Environmental Industries Ltd., Labrie Enviroquip Group, Peterbilt, Curbtender Inc., EZ Pack Refuse Hauling Solutions, Haul-All Equipment Ltd., Bridgeport Manufacturing Inc., Volvo Group, Jesco Industries Inc., Cardinal Carryor, Superior Pak Pty Ltd., Vecoplan LLC, New Way Trucks, Papas Waste Equipment International Pty Ltd., Russ Engineering Pty Ltd., Amrep Inc., Meyer Material Handling Products Inc., Aman Cleaning Equipments Pvt. Ltd., Warren Truck and Trailer LLC
What key trends are expected to drive the fuel cell electric vehicle market during the forecast period?
Major companies operating in the garbage truck market are focused on developing innovative solutions such as electric trash trucks to reduce carbon emissions, improve fuel efficiency, and support environmentally sustainable waste management practices. Electric trash trucks, also known as electric refuse trucks or electric garbage trucks, are waste collection vehicles powered by electric batteries rather than traditional internal combustion engines (ICE). For instance, in December 2023, WIN Waste Innovations, a US-based company that offers commercial and residential waste removal and recycling solutions launched Boston’s first fully electric trash trucks, marking a significant step in sustainable waste management for the city. The project received financial backing through a competitive grant program from the Massachusetts Department of Environmental Protection and the U.S. Environmental Protection Agency, in addition to WIN Waste’s own investments.
Which key geographies are driving the growth of the garbage truck market?
North America was the largest region in the garbage truck market in 2024. The regions covered in the garbage truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the garbage truck market?
The garbage truck market covered in this report is segmented –
1) By Type: Front Loaders, Rear Loaders, Side Loaders
2) By Technology: Manual, Automatic, Semi-Automatic
3) By Fuel Type: Gasoline, Diesel, Electric
4) By End User: Industrial Corporations, Municipal Authorities
Subsegments:
1) By Front Loaders: Commercial Front Loaders, Residential Front Loaders
2) By Rear Loaders: Standard Rear Loaders, Automated Rear Loaders
3) By Side Loaders: Automated Side Loaders, Manual Side Loaders
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What defines the structure and scope of the garbage truck market?
A garbage truck is a vehicle created specifically to collect and transfer solid waste to a place for recycling. It is designed to collect efficiently and hygienically, compress, and transport distinct kinds of waste, including garbage from homes, corporate, and industrial. They support the upkeep of cleanliness, hygienic conditions, and environmental sustainability in communities by ensuring proper waste management practices.
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