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Garbage Collection Vehicle Market Size, Share, Growth, Trend and Key Players are BYD Co. Ltd., McNeilus, Labrie Enviroquip Group Inc., Curbtender, Inc.

01-17-2022 01:14 PM CET | Logistics & Transport

Press release from: UnivDatos Market Insights (UMI)

Garbage Collection Vehicle Market Size, Share, Growth, Trend

A comprehensive overview of the Global Waste or Garbage Collection Vehicle Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Waste or Garbage Collection Vehicle Market in the Global context. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Global Waste or Garbage Collection Vehicle Market at the regional & country levels. The Global Waste or Garbage Collection Vehicle Market is expected to grow at a CAGR of 5% between 2021-2027.

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Market Overview
Garbage pickup vehicles are regarded as a vital logistical operation for waste disposal in each community. Garbage collection vans are equipped with mobile communication devices, visible and auditory alerts, and two-way radios. These solutions help to improve the vehicle's performance, capability, and safety. Increased urbanization, population growth, and demand for electric garbage trucks all contribute to the market's expansion. With operations linked to the design, development, and production of such vehicles, the garbage collecting vehicle market is still in its early stages. Furthermore, rising industrialization, increased infrastructure from emerging countries such as China, India, and Brazil, and increased awareness of environmental and health hazards are expected to propel the worldwide market forward.

COVID-19 Impact
The epidemic had a particularly negative impact on front-line workers, such as cleaning personnel. As a result, several governments have emphasized the issue of enhancing worker safety. There is a renewed focus on automated garbage collectors in order to dramatically limit waste management workers' exposure to COVID-19. As a result, truck body manufacturers devote significant resources to enhancing vehicle body design and making it automation ready. In China, the United States, and Europe, the abrupt decline in industrial trash had a substantial impact on new garbage truck purchases. Given the implications of COVID-19, automated side loading trucks are becoming increasingly important. ASL allows drivers to have less interaction with infected people, which improves safety. It provides a contactless garbage collection solution, eliminating the requirement for a partner worker to collect and dump rubbish into the truck. When compared to manual waste collection operations, automated side loaders can boost efficiency by up to 75%.

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Global Waste or Garbage Collection Vehicle Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Loader Type, the market is primarily studied into:
• Front Loader
• Rear Loader
• Automated Side Loader
• Others
Based on loader type, the market is segmented into front loader, rear loader, automated side loader and other. The rear loader segment is expected to grow at a higher CAGR during forecasted period. A single operator is required for the rear loader garbage vehicle. It does not necessitate the use of a second person to physically empty the trash can. A single operator equals lower costs. It also prevents injuries that are frequent with other types of loaders. Nonlinear streets, such as curving roadways, benefit from rear loaders as well. This expands the company's capacity to serve customers in previously untapped markets. During the projected period, all of these reasons are expected to enhance the rear loaders segment.

By Vehicle Type, the market is primarily bifurcated into:
• Light Duty
• Medium Duty
• Heavy Duty
Based on vehicle type, the market is segmented into light duty, medium duty and heavy duty. The medium duty segment is expected to grow at a higher CAGR during forecasted period. Increased per capita income, combined with increased industrialization, has spurred the global sale of medium and heavy-duty vehicles to meet the growing demand for technical advancements that improve the collection process, as well as the separation of wet and dry waste and customer awareness. As a result, the population's desire to possess a vehicle is projected to grow, resulting in increased demand for medium-duty automobiles. During the projected period, all of these factors are expected to strengthen the medium duty vehicle segment.

By Technology, the market is primarily studied into:
• Manual
• Semi-automatic
Based on technology type, the market is segmented in manual and semi-automatic. The manual segment is expected to grow at a higher CAGR during forecasted period. Several communities are implementing vehicles to improve service by including durable, easy-to-handle carts with manual-operated technology, as well as to encourage waste reduction and improved waste diversion rates. These elements are propelling the manual technology sector over the world.

By Application, the market is primarily studied into:
• Residential
• Non-Residential

Based on application, the market is segmented in residential and non-residential. The residential segment is expected to grow at a higher CAGR during forecasted period. Governments demand dependable waste management systems, from collection and hauling to transfer and disposal. Companies in the waste or garbage collection vehicle industry are collaborating with stakeholders who provide personalized waste and cleaning services. Residential and non-residential clients are benefiting from improved customer care and specialized solutions provided by curb-to-grid trash management providers.

Global Waste or Garbage Collection Vehicle Market Region Segmentation Includes:

• North America
• Europe
• Asia Pacific
• Rest of World
Based on the estimation, during the projection period of 2021-2027, due to rising population and growing awareness about the need of safe garbage collection, Asia-Pacific is expected to hold the greatest market share during the projection period. Furthermore, the country's expanding infrastructure and industries, big population, and rising production and consumption of commodities are all contributing to the worldwide market's expansion. Because of the development of modern technology, a stable economy, and the presence of major key manufacturers across the region, North America is expected to grow at a large rate during the projection period.

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The major players targeting the market includes:
• BYD Co. Ltd.
• McNeilus
• Labrie Enviroquip Group Inc.
• Curbtender, Inc.
• Ashok Leyland
• Bridgeport Truck Manufacturing
• FAUN Umwelttechnik GmbH & Co. KG
• Haul-All Equipment
• Fratelli Mazzocchia Spa
• Nord Engineering s.r.l.

Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Global context. The specialist team of research analysts sheds light on various traits such as Global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Waste or Garbage Collection Vehicle Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and advancements in the Global Waste or Garbage Collection Vehicle Market?
• Which factors are influencing the Global Waste or Garbage Collection Vehicle Market over the forecast period?
• What are the global challenges, threats, and risks in the Global Waste or Garbage Collection Vehicle Market?
• Which factors are propelling and restraining the Global Waste or Garbage Collection Vehicle Market?
• What are the demanding global regions of the Waste or Garbage Collection Vehicle Market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.

For more informative information, please visit us @ https://univdatos.com/report/waste-or-garbage-collection-vehicle-market/

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About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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