Summary

Global Garbage Truck Market is expected to grow at a significant rate of around 5% during the forecast period. The global garbage truck market is a segment of the commercial vehicle market that is dedicated to waste collection and transportation. Garbage trucks are designed to collect and transport waste, including municipal solid waste, recyclable materials, and organic waste. The market for garbage trucks is driven by the growing concern for waste management and environmental sustainability, as well as increasing urbanization and population growth. The increasing emphasis on sustainable waste management practices, such as recycling and waste-to-energy initiatives, has also contributed to the growth of the garbage truck market. In terms of types, garbage trucks can be classified into various categories, such as front loaders, rear loaders, side loaders, and roll-off trucks. The choice of type depends on the specific needs of the customer and the nature of the waste to be collected. Geographically, the garbage truck market is concentrated in North America, Europe, and Asia-Pacific.

Curbtender Sweepers, LLC; Dongfeng Motor Company; Environmental Solutions Group; E-Z Pac; FAUN Umwelttechnik GmbH & Co. KG; FULONGMA GROUP Co., Ltd.; Geesinknorba; Labrie Group; Royal Terberg Group; and Zoomlion Heavy Industry Science&Technology Co., Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst propulsion, diesel category to hold significant market share.”
Based on propulsion, the market is categorized into gasoline, diesel, and electric. The diesel category of the garbage truck market has a significant market share due to various factors such as diesel engines being more fuel-efficient than gasoline engines. Garbage trucks need a lot of power to carry heavy loads and stop and start frequently during their routes. Diesel engines provide the necessary torque and power, making them more suitable for garbage trucks than gasoline engines. Additionally, Diesel engines have a longer lifespan than gasoline engines. Garbage trucks operate for long hours and cover many miles, and diesel engines are designed to last longer and require less maintenance than gasoline engines.

“Amongst end users, the industrial garbage category to hold a significant growth rate in the upcoming forecast period.”
On the basis of end users, the market is categorized into municipal garbage, industrial garbage, and others. Among these, the industrial garbage category holds a significant growth rate in the upcoming forecast period. This is mainly due to the expansion of industrialization in many countries, and the amount of industrial waste generated is also increasing. This creates a demand for garbage trucks designed to handle and transport large amounts of industrial waste. Moreover, many governments have implemented regulations requiring industries to properly dispose of their waste. This has created a need for specialized garbage trucks that can handle hazardous and non-hazardous industrial waste.

“North America to hold a significant share in the market.”
North America has been experiencing a significant growth rate in the global garbage truck market due to several driving factors. Firstly, the increasing urbanization and population growth in the region have led to a surge in waste generation, which in turn has boosted the demand for garbage trucks. Moreover, the rising focus on sustainable waste management practices and regulations to reduce landfill waste has encouraged the adoption of advanced garbage trucks that are equipped with technologies such as automation and telematics. Additionally, the availability of favorable government initiatives and subsidies to support waste management and recycling programs has further stimulated the growth of the garbage truck market in North America. Furthermore, the increasing investments by key players in the region to introduce innovative and eco-friendly garbage trucks have created a competitive landscape, driving the demand for new and advanced models. Overall, these factors have collectively contributed to the remarkable growth rate of the garbage truck market in North America, making it a significant player in the global market.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global garbage truck market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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