Rapid Industrialization to Boost Demand for Garbage Collection Trucks: Fact.MR

The global garbage collection trucks market is estimated to grow at a CAGR of over 4% and reach a valuation of over US$ 10 Bn during the forecast period (2022-2032).

The rapid expansion of industrial operations and inadequate waste management methods have augmented the need for garbage collection trucks.

For OEM Garbage Collection Trucks market analysis, the team tracks the vehicle production across the prominent countries/regions and then cross map the same with the average usage of the product in a type of vehicle (passenger car, light commercial vehicle, heavy commercial vehicle, and two wheeler). For aftermarket, the team tracks the vehicle parc (vehicle-on-road) for prominent countries/regions and cross map the same with the replacement rate of the product in a given year for each vehicle type.

The Market survey of Garbage Collection Trucks offers a comprehensive analysis of diverse features, including production capacities analysis of Garbage Collection Trucks, demand, product developments, revenue generation, and Size of Garbage Collection Trucks Market across the globe.

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Key Segments of the Garbage Collection Trucks Market
Fact.MR's study on the garbage collection trucks market offers information divided into four important segments - product, technology, end-use, and region.

This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

By Product :
• Front Loaders
• Rear Loaders
• Side Loaders

By Technology :
• Semi-automatic
• Automatic
• Others

By End-Use :
• Municipal Garbage
• Industrial Garbage
• Others

By Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia
• MEA
• Oceania

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Key Takeaways of Garbage Collection Trucks Market
• The municipal garbage segment is estimated to create an absolute dollar opportunity of around US$ 2 Bn during the forecast period and is estimated to account for 50% of the overall value opportunity in the global market by the end of 2029
• In the technology segment, automatic garbage collection trucks are projected to expand 1.6X as compared to 2019, by witnessing a value CAGR of 5% during the forecast period
• Rear loaders segment is forecasted to expand 1.3X as compared to the side loaders segment by the end of forecast duration
• Owing to an increase in awareness for proper waste disposal facilities in India and China, both countries collectively accounted for 20% of the global revenue share in 2019

Products Lunches to Sustain Hegemony of Leading Players
The global garbage collection trucks market is consolidated in nature with a few industry giants such as McNeilus Truck & Manufacturing and Dongfeng Motor Corporation holding top shares.

Prominent market leaders, are anticipated to witness intense market competition from existing as well as new players who introduce new garbage collection trucks.

For instance, in April 2019 market leader New Way Trucks launched a rear loader garbage collection truck Cobra HC for height restricted applications.

• In May 2019, another market leader Autocar Trucks launched a conventional garbage collection truck DC - 64R in order to cater to the demand for the severe duty garbage collection trucks for heavy applications.

Some Notable Offerings by Fact.MR Report on Garbage Collection Trucks market:

• We will provide you an analysis of the extent to which this Garbage Collection Trucks market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

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After reading the Market insights of Garbage Collection Trucks Report, readers can:

Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
Analyze key regions holding significant share of total Garbage Collection Trucks market revenue.
Study the growth outlook of Garbage Collection Trucks market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use & supply side analysis of Garbage Collection Trucks market.
Investigate the recent R&D projects performed by each market player & competitive analysis of Garbage Collection Trucks Market Players.

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