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Garbage Truck Market Research Report Unveils Comprehensive Insights for Current and Future Industry Scenarios || Tata Ltd., Mack Trucks Inc., Bucher Municipal
Garbage Truck Market
The Business Research Company's Garbage Truck Global Market Report 2023 identifies the rising need for waste management is expected to propel the growth of the garbage truck market going forward. Waste management is the process of gathering, handling, getting rid of, and managing waste products effectively and responsibly. Garbage trucks are helpful for waste management to collect and transport solid garbage from homes, businesses, and industrial areas to facilities for proper disposal or treatment. For instance, in January 2022, according to the Department for Environment, Food, and Rural Affairs, a UK-based governmental agency, household garbage increased overall to 22.6 million tons in 2020 from 22.1 million tons in 2019.
The global garbage truck market is expected to grow from $14.25 billion in 2022 to $15.44 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The garbage truck market is expected to reach $20.34 billion in 2027 at a CAGR of 7.1%.
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Major competitors in the garbage truck market are Tata Ltd., Mack Trucks Inc., Bucher Municipal, FAUN Zoeller, Dennis Eagle Ltd., McNeilus Companies Inc., Heil Environmental Industries Ltd.,Labrie Enviroquip Group, Peterbilt, Curbtender Inc., EZ Pack Refuse Hauling Solutions, Haul-All Equipment Ltd., Bridgeport Manufacturing Inc., Volvo Group, Jesco Industries Inc., Cardinal Carryor.
A key trend in the garbage truck market includes technological advancements. Major companies operating in the garbage truck market are adopting new technologies to sustain their position in the market. For instance, in March 2020, Heil Environmental Industries Ltd., a US-based manufacturer of garbage trucks and waste management equipment, and Dover, a US-based truck body manufacturer, launched the Command-SST Automated Side Loader (ASL). It includes several new technologies that improve security, operator comfort, efficiency, and ease of maintenance.
Read More On The Global Garbage Truck Market Report Here: https://www.thebusinessresearchcompany.com/report/garbage-truck-global-market-report
The garbage truck market is segmented -
1) By Type: Front Loaders, Rear Loaders, Side Loaders
2) By Technology: Manual, Automatic, Semi-Automatic
3) By Fuel Type: Gasoline, Diesel, Electric
4) By End User: Industrial Corporations, Municipal Authorities
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the garbage truck market.
The Business Research Company's "Global Garbage Truck Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Garbage Truck Market Include:
1. Executive Summary
2. Garbage Truck Market Characteristic
3. Garbage Truck Market Trends And Strategies
4. Garbage Truck Market - Macro Economic Scenario
5. Garbage Truck Market Size And Growth
……………
27. Garbage Truck Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Garbage Truck Market
29. Garbage Truck Market Future Outlook And Potential Analysis
30. Appendix
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