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Demand for Garbage Collection Trucks for Forecast Period, Fact.MR Analyzed | New Way Trucks, McNeilus Truck & Manufacturing, Inc., Heil - An Environmental Solutions Group Company, PAK-MOR LTD., CEEC TRUCKS INDUSTRY CO., LIMITED.
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Garbage Collection Trucks Market: Key Findings
The municipal garbage segment will account for 50% of overall market value, generating enormous growth opportunities for manufacturers.
Automation garbage collection trucks will witness higher growth in the technology segment at a CAGR of 5%.
Rear loader is estimated to grow 1.3X in terms of value during the forecast period.
North America will remain the leading market through 2029 owing to strong regulations related to environmental safety.
Europe is estimated to hold a quarter of the overall market.
India and China are emerging as highly lucrative markets.
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Garbage Collection Trucks Market: Key Driving Factors
The increasing municipal sewage & waste is expected to create incremental growth opportunities in developed regions.
Garbage collection trucks with high-end features are expected to witness abundant growth.
Industrialized nations such as China, India, Mexico, and Brazil are significantly investing to modernize their waste management infrastructure, and this will fuel the sales of garbage collection trucks in the foreseeable future.
Garbage Collection Trucks Market: Key Restraint
Increasing levels of pollution and stringent norms imposed on pollution are likely to hinder the sales of garbage collection trucks
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Competition Landscape
Some of the key players in the garbage collection trucks market are McNeilus Truck & Manufacturing, Inc., Overview Zoomlion Heavy Industry Science & Technology Co., Ltd. Fujian Longma Environmental Sanitation Equipment Co. Ltd., Dongfeng Motor Corporation, PAK-MOR LTD. FAUN Umwelttechnik GmbH & Co.KG and EZ-Pack Refuse Hauling Solutions, LLC., among others. The market players are exploring innovative ways to extend the shelf life of garbage trucks, simultaneously focusing on adding new features such as real-time monitoring, the addition of new equipment for the collection and segregation of waste from streets.
About the Report
Fact.MR presents a detailed and unbiased analysis of the global garbage collection trucks market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study divulges compelling insights on the garbage collection trucks market on the basis of product (front loaders, rear loaders, side loaders), technology (semi-automatic, automatic, and others), end-use (municipal garbage, industrial garbage, and others), and across seven major regions.
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