What Has Been the Growth of the Garbage Collection Truck Market So Far?
The garbage collection truck market has seen considerable growth due to a variety of factors.
• The market size of garbage collection trucks has witnessed robust growth over recent years. Its growth is projected to increase from $14.17 billion in 2024 to $15.26 billion in 2025, translating to a compound annual growth rate (CAGR) of 7.7%.
Factors that contributed to the growth in the past include increased urbanization, demographic growth, environmental legislative requirements, economic expansion, infrastructure improvements, better waste separation practices, and engagement from the private sector.
What Are the Future Growth Projections for the Garbage Collection Truck Market?
The garbage collection truck market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the garbage collection truck is set to experience robust growth in the coming years, expanding to $20.21 billion by 2029 at a compound annual growth rate (CAGR) of 7.3%.
The forecasted growth in this period can be linked to the increasing adoption of smart city projects, growing generation of municipal solid waste, enhanced consumer consciousness about the detrimental implications of open dumping, heightened public interest in sustainability, and the rise in automation across a range of industrial sectors. Significant trends for the forecast period encompass the integration of smart waste management, upgrading garbage truck fleets with connectivity and telematics, the creation of more cost-effective and efficient garbage truck models, and the incorporation of technological advancements.
What Are The Core Factors Supporting Growth In The Garbage Collection Truck Market?
The garbage collection truck market is projected to grow due to the increasing amounts of municipal solid waste. Municipal solid waste, the daily trash produced by homes, businesses, and municipal organizations, includes items such as food leftovers, paper, plastic, and garden waste. The municipal solid waste production is on the rise due to population growth and urbanization, resulting in increased waste concentrations in cities and augmenting overall waste production. The role of garbage collection trucks is vital in managing municipal solid waste, as they effectively collect, transport, and dispose of the waste, thereby ensuring cleanliness and aiding waste management. For example, in February 2024, the United Nations Environment Programme - a Kenyan organization that manages responses to environmental issues globally, reported a significant increase in the global production of municipal solid waste. Projections indicate an increase from 2.1 billion metric tons in 2023 to 3.8 billion metric tons by 2050. Consequently, the escalating production of municipal solid waste is fuelling the expansion of the garbage collection truck market.
What Are The Major Segments Within The Global Garbage Collection Truck Market?
The garbage collection truckmarket covered in this report is segmented –
1) By Product: Front Loaders, Rear Loaders, Side Loaders
2) By Technology: Semi-Automatic, Automatic, Other Technologies
3) By End Use: Municipal Garbage, Industrial Garbage, Other End Uses
Subsegments:
1) By Front Loaders: Standard Front Loader Trucks, Automated Front Loader Trucks, Dual-Compartment Front Loaders, Heavy-Duty Front Loaders
2) By Rear Loaders: Standard Rear Loader Trucks, Compaction Rear Loader Trucks, Automated Rear Loader Trucks, Dual-Compartment Rear Loaders
3) By Side Loaders: Automated Side Loader Trucks, Manual Side Loader Trucks, Single-Compartment Side Loaders, Dual-Compartment Side Loaders
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How Are Emerging Trends Reshaping The Dynamics Of The Garbage Collection Truck Market?
Predominant players in the garbage collection truck industry are turning their attention towards creating innovative solutions such as hydrogen-powered waste collection vehicles in a bid to cut down emissions and bolster environmental sustainability. Vehicles powered by hydrogen fuel cells to create electricity only emit water vapor, making them a greener, more eco-friendly option compared to traditional diesel-operated trucks. PreZero Nederland, a Dutch business specializing in waste and recycling management, underscored this point in September 2022 when they introduced a hydrogen-fueled waste collection vehicle. This is part of the North-West Europe HECTOR project. The truck eliminates harmful emissions and can be refueled with up to 15 kilos of hydrogen, enabling it to function for two days collecting waste from underground containers. This groundbreaking launch signifies an important movement in PreZero's mission to lower CO2 emissions in the waste management sector and is in line with European environmental regulations to curb emissions. The project's aim is to accumulate data on real-world performance of hydrogen vehicles, which will influence upcoming decisions about sustainable waste collection methods in the Netherlands.
Who Are the Key Players In The Garbage Collection Truck Market?
Major companies operating in the garbage collection truck market are:
• Volvo Truck Corporation
• Isuzu Motors Limited
• Hino Motors Ltd.
• Mitsubishi Fuso Truck and Bus Corporation
• Terex Corporation
• Heil Environmental Industries Ltd.
• Mack Trucks Inc.
• Peterbilt Motors Company
• Wastequip LLC
• Bucher Municipal AG
• International Truck and Engine Corporation
• Freightliner Trucks
• Autocar LLC
• McNeilus Companies Inc.
• New Way Trucks Inc.
• Avery Weigh-Tronix LLC
• TerraCycle Inc.
• AMREP Inc.
• Sullivan-Palatek Inc.
• Curbtender Inc.
• RDK Truck Sales Inc.
What Is The Most Dominant Region In The Garbage Collection Truck Market?
North America was the largest region in the garbage collection truck market in 2024. The regions covered in the garbage collection truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
