Garbage Collection Trucks Market is Expected to Reach ~US$ 9.2 Bn by the end of the 2029

Garbage Collection Trucks Market 2022

The global garbage collection trucks market value is projected to be ~US$ 7 Bn by the end of 2019, and is expected to grow ~US$ 9.2 Bn by the end of the 2029. Garbage Collection Trucks Market Continues to Benefit from Steady Sales of Refuse Trucks in Municipal and Industrial Sectors, Says PMR.

Click Here to Get Free Sample Copy of this Report@https://www.persistencemarketresearch.com/samples/22030

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.

Significant demand for automatic garbage collection trucks is contributing to the growth of the garbage collection trucks market throughout the forecast period. 

Key Companies -

• 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.
• Scranton Manufacturing Corporation, Inc
• CEEC TRUCKS INDUSTRY CO., LIMITED.
• Curbtender, Inc

Get Full Reports Details@https://www.persistencemarketresearch.com/market-research/garbage-collection-trucks-market.asp

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.

Buy Now@https://www.persistencemarketresearch.com/checkout/22030

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?

Related reports:

Mobile Crushers And Screeners Market - https://www.persistencemarketresearch.com/market-research/mobile-crushers-and-screeners-market.asp

Persistence Market Research - PMR's study on the mobile crushers and screeners market is divided into three significant segments - product type, end-users & regional outlook.

Electric Cargo Bike Market - https://www.persistencemarketresearch.com/market-research/electric-cargo-bikes-market.asp

The global electric cargo bikes market is estimated to be valued at US$ 402.7 Mn by the end of 2018 and reach US$ 1,095.2 Mn by the end of 2026, registering a CAGR of 13.3% over the forecast period.

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

Germany Office:
Persistence Market Research
Potsdamer Platz 10 Haus 2, 5th Floor Berlin,
Germany 10785
Call +1 888-863-4084

About us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.