Press release
Garbage Collection Trucks Market Sales Forecasts Reveal Positive Growth Through 2029
The global sales of garbage collection trucks reached ~62,155 (units) in 2018, as revealed by the latest report on the garbage collection trucks market by PMR. According to the analysis, the garbage collection trucks market is projected to grow at ~4% CAGR during the forecast period. Rising demand for garbage collection trucks from municipal and industrial sectors is likely to propel the garbage collection trucks market growth during the forecast period.According to the detailed research and deep study, increasing industrial activities & huge waste generation across the globe has led to the growth of the garbage collection trucks market. Moreover, heavy demand for refuse trucks for municipal and industrial garbage collection applications is set to directly contribute to the growth of the garbage collection trucks market during the forecast period.
For detailed insights on enhancing your product footprint, request for a Sample Report here https://www.persistencemarketresearch.com/samples/22030
Significant demand for automatic garbage collection trucks is contributing to the growth of the garbage collection trucks market throughout the forecast period. The global garbage collection trucks market value is projected to be ~US$ 7 Bn by the end of 2019, and is expected to grow ~1.3X by the end of the 2029.
Intensifying Competition Pushing Market Consolidation
In December 2017, Heil, an Environmental Solutions Group company, announced the expansion of its dealership network, with the addition of New Hampshire and Vermont.
Furthermore, the garbage collection trucks market is significantly fragmented. In order to sustain the intense market competition, merger & acquisition strategies are implemented. Moreover, many manufacturers are focusing on the expansion of their production capabilities for garbage collection trucks, which in turn, propels the growth of the garbage collection trucks market in the forecast period.
Steady Demand from the Municipal Waste Management Sector
As per PMR’s deep dive analysis, key players in the garbage collection trucks market are offering garbage collection trucks with characteristic properties, based on product type, such as front loader, rear loader, and side loader. Maximum demand for garbage collection trucks is from the municipal end-use industry, followed by industrial, which will result in heavy surge in the garbage collection trucks market growth during the forecast period.
China to Hold Significant Market Share
Owing to factors such as rapid industrial growth, urbanization, stable political backdrop, and governmental regulations in the country, China is expected to hold a prominent market share in the garbage collection trucks market during the forecast period.
Presence of major market players in the country and entrants in merger & acquisition activities are key factors pushing the growth of the garbage collection trucks market in China.
Garbage Collection Trucks Market: Vendor Insights
McNeilus Truck & Manufacturing, Inc. Overview
Zoomlion Heavy Industry Science & Technology Co., Ltd.
Fujian Longma Environmental Sanitation Equipment Co., Ltd
Dongfeng Motor Corporation
Heil – An Environmental Solutions Group Company
PAK-MOR LTD.
FAUN Umwelttechnik GmbH & Co.KG
EZ-Pack Refuse Hauling Solutions, LLC
Labrie Enviroquip Group
Bridgeport Manufacturing
Dennis Eagle Inc.
Geesinknorba Ltd.
For in-depth competitive analysis, Check Pre-Book here https://www.persistencemarketresearch.com/checkout/22030
A majority of market participants active in the garbage collection trucks market are adopting various strategies related to the demand point of view, from manufacturers and buyers. Significant developments & latest innovations and investments in R&D to enrich product portfolio are seen in the market. For instance, in 2017, McNeilus Truck & Manufacturing, Inc. launched enhanced products under its product line Meridian Front loader and Zero radius side loader trucks.
Our unmatched research methodologies set us apart from our competitors. Here’s why:
PMR’s set of research methodologies adhere to the latest industry standards and are based on sound surveys.
We are committed to preserving the objectivity of our research.
Our analysts customize the research methodology according to the market in question in order to take into account the unique dynamics that shape the industry.
Our proprietary research methodologies are designed to accurately predict the trajectory of a particular market based on past and present data.
PMR’s typical operational model comprises elements such as distribution model, forecast of market trends, contracting and expanding technology applications, pricing and transaction model, market segmentation, and vendor business and revenue model.
Persistence Market Research’s proactive approach identifies early innovation opportunities for clients in the global automotive sector. Our insights on next-generation automotive technologies such as connected cars, automotive emissions control, vehicle-to-vehicle (V2V), autonomous cars, electric and hybrid vehicles, and augmented reality dashboards ensure clients stay at the forefront of innovation.
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
For Further Information about Automotive Market – https://www.persistencemarketresearch.com/category/automotive-and-transportation.asp
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Garbage Collection Trucks Market Sales Forecasts Reveal Positive Growth Through 2029 here
News-ID: 2184629 • Views: …
More Releases from Persistence Market Research
Active Modified Atmospheric Packaging Market to Surpass US$ 37.9 Bn by 2033, Dri …
The global active modified atmospheric packaging market is entering a dynamic growth phase as food manufacturers, healthcare suppliers, and logistics companies intensify their focus on extending product freshness, minimizing waste, and improving supply chain resilience. Active modified atmospheric packaging (AMAP) integrates advanced gas control technologies, moisture regulators, and antimicrobial features to create optimal internal environments for perishable products.
According to the latest study by Persistence Market Research, the global active modified…
Shunt Capacitor Market Expected to Reach US$2.0 Bn by 2033 Driven by Grid Modern …
The global shunt capacitor market is set for sustained growth as power grids worldwide undergo modernization to meet rising electricity demand and improve energy efficiency. According to the latest study by Persistence Market Research, the global shunt capacitor market size is likely to be valued at US$ 1.3 billion in 2026 and is projected to reach US$ 2.0 billion by 2033, expanding at a CAGR of 6% during the forecast…
Tire Cord & Tire Fabrics Market Set to Hit US$9.0 Bn by 2032 Driven by Radializa …
The global tire cord & tire fabrics market is entering a dynamic growth phase as automotive production rebounds, mobility patterns evolve, and manufacturers prioritize high-performance reinforcement materials. Tire cords and fabrics form the structural backbone of tires, providing dimensional stability, strength, and resistance to wear under demanding operating conditions.
According to the latest study by Persistence Market Research, the market is valued at US$5.9 billion in 2025 and is projected to…
Event Tourism Market Set for Exponential Growth through 2032 - PMR Research
The global Event Tourism Market is poised for remarkable expansion, driven by sustained demand for live experiences, increased business travel, hybrid event adoption, and a rebound in international tourism. According to industry projections, the market is expected to grow from an estimated US$1,538.3 billion in 2025 to US$2,631.5 billion by 2032, registering a CAGR of 7.3% over the forecast period.
This robust growth underscores the evolution of event tourism into one…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
