Global Electric Waste Collection Trucks Market to Reach $0.52 Billion by 2029, Growing at 20.4% CAGR

What Is the Expected Size and Growth Rate of the Electric Waste Collection Trucks Market?
In the past few years, the market size for electric waste collection trucks has experienced phenomenal growth. A projected increase from $0.21 billion in 2024 to $0.25 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 20.8%, has been forecasted. This growth during the historic period is an effect of various factors including heightened environmental regulations, escalating fuel prices, increasing urbanization, the pressure to decrease emissions, and governmental encouragement of environmentally friendly technologies.

Anticipating to witness a surge in the coming years, the market size of electric waste collection trucks is set to reach $0.52 billion by 2029, with a compound annual growth rate (CAGR) of 20.4%. The spike in growth over the forecast period is likely due to factors such as an expanding charging infrastructure, increased uptake of smart city projects, substantial government funding for eco-friendly initiatives, the escalating benefits of operational costs of electric vehicles, and the ongoing expansion in municipal and commercial waste management requirements. Notable trends during the forecast period consist of the incorporation of self-driving technology, improved energy storage solutions, the growth of electric vehicle fleets, the application of progressive waste sorting systems, and the creation of quicker and more efficient charging technologies.

What Factors Are Fueling Growth in the Electric Waste Collection Trucks Market?
The surge in waste production is predicted to stimulate the expansion of the electric waste collection truck market. Waste production is generally attributed to human activities, including residential, commercial, and industrial processes. The increase in waste production can be attributed to escalating urbanization, which triggers demand for disposable commodities and packaging as well as swift technological progress, which in turn contributes to more electronic waste. Electric waste collection vehicles assist in managing waste production by minimizing emissions and noise as well as reducing operational expenditure, leading to a more eco-friendly waste management strategy. For example, a report released by the United Nations Environment Programme (UNEP), a Kenyan international body, in February 2024, expects the municipal solid waste to rise from 2.1 billion metric tons in 2023 to 3.8 billion metric tons by 2050. Therefore, the rising waste production is spearheading the growth of the electric waste collection truck market.

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Which Leading Companies Are Shaping the Growth of the Electric Waste Collection Trucks Market?
Major companies operating in the electric waste collection trucks market are Ford Motor Company, Hyundai Motor Company, Tesla Inc., BYD Company Limited, Volvo Trucks Corporation, PACCAR Inc., Isuzu Motors Limited, Scania AB, Iveco S.p.A., Hino Motors Ltd., MAN Truck & Bus SE, Navistar International Corporation, Rivian Automotive Inc., Mack Trucks Inc., E-One Inc., Transpower Inc., Proterra Inc., Dennis Eagle Ltd., Mercedes-Benz Group AG, Lion Electric Co., Greesinknorba B.V., Eicher Trucks and Buses Limited, Curbtender Inc., Bollinger Motors Inc., Wrightspeed Inc.

What Are the Major Trends Shaping the Electric Waste Collection Trucks Market?
Key players in the electrical waste collection truck market are prioritizing the creation of novel products such as fully electric commercial garbage trucks, aiming to improve their operational performance and lessen their impact on the environment. A fully-electric commercial waste collection vehicle is a battery-run truck specifically created for waste management. It reduces emissions and noise pollution while increasing energy efficiency. For example, Grundon Waste Management Ltd., a leading UK-based firm offering integrated waste management and environmental solutions, introduced the nation's first fully electric waste collection vehicle - a Scania model - in November 2023. This was to provide carbon-neutral waste collection services in Reading and Newbury. The undertaking encompassed two electric vehicles, with one servicing commercial clients in London and the Thames Valley from Colnbrook, and the second operating out of Bristol. The energy needed to power these vehicles comes from the waste they collect, courtesy of Grundon's Energy from Waste (EfW) facility, thereby ensuring sustainable operations. Moreover, Grundon is looking into other potential fuel sources like hydrogen and hydrotreated vegetable oil (HVO) to further diminish its environmental footprint and enhance the quality of urban air.

What Are the Key Segments of the Electric Waste Collection Trucks Market?
The electric waste collection trucksmarket covered in this report is segmented -

1) By Type: Rear Loader Trucks, Side Loader Trucks, Front Loader Trucks, Automated Side Loader Trucks, Mini Electric Trucks, Hybrid Electric Trucks
2) By Loading Capacity: Less Than 500 Kg, 500 To 800 Kg, More Than 800 Kg
3) By End Use: Municipal Garbage, Industrial Garbage, Other End Uses

Subsegments:
1) By Rear Loader Trucks: Standard Rear Loader Trucks, Compaction Rear Loader Trucks, Customizable Rear Loader Trucks
2) By Side Loader Trucks: Automated Side Loader Trucks, Manual Side Loader Trucks, Dual-Stream Side Loader Trucks
3) By Front Loader Trucks: Standard Front Loader Trucks, Heavy-Duty Front Loader Trucks, Multi-Purpose Front Loader Trucks
4) By Automated Side Loader Trucks: Fully Automated Side Loaders, Semi-Automated Side Loaders, Advanced Navigation Automated Side Loaders
5) By Mini Electric Trucks: Compact Mini Trucks, Medium-Sized Mini Trucks, Specialized Mini Trucks for Urban Areas
6) By Hybrid Electric Trucks: Parallel Hybrid Trucks, Series Hybrid Trucks, Plug-in Hybrid Trucks

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Which Region Dominates the Electric Waste Collection Trucks Market?
North America was the largest region in the electric waste collection trucks market in 2024. The regions covered in the electric waste collection trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Electric Waste Collection Trucks Global Market Report?

- Market Size Analysis: Analyze the Electric Waste Collection Trucks Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electric Waste Collection Trucks Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electric Waste Collection Trucks Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electric Waste Collection Trucks Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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