Press release
Increasing Waste Generation Drives Growth In Electric Waste Collection Truck Market Driver: Leading Transformation in the Electric Waste Collection Trucks Market in 2025
Electric Waste Collection Trucks
The rising waste generation is expected to drive the growth of the electric waste collection truck market. Waste generation is increasing due to urbanization, the growing use of disposable products, and rapid technological advancements, leading to more electronic waste. Electric waste collection trucks offer a sustainable solution to managing this increase in waste by reducing emissions, noise, and operating costs. The United Nations Environment Programme (UNEP) reported in February 2024 that municipal solid waste is projected to grow from 2.1 billion metric tons in 2023 to 3.8 billion metric tons by 2050. As waste generation continues to rise, the demand for electric waste collection trucks is expected to increase, providing a more eco-friendly and cost-efficient solution for urban waste management.
Get Your Electric Waste Collection Trucks Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-waste-collection-trucks-global-market-report
What is the projected compound annual growth rate (CAGR) of the electric waste collection trucks market from 2025 to 2034, and what factors influence it?
The electric waste collection trucks market has grown exponentially in recent years. It is expected to increase from $0.21 billion in 2024 to $0.25 billion in 2025, achieving a CAGR of 20.8%. The past growth has been driven by rising environmental regulations, increasing fuel costs, rapid urbanization, the need to reduce emissions, and government incentives for green technology adoption.
The electric waste collection trucks market is expected to experience exponential growth in the coming years. It is projected to reach $0.52 billion by 2029, growing at a CAGR of 20.4%. Growth in this market is driven by the expansion of charging infrastructure, increased adoption of smart city initiatives, higher government funding for green initiatives, operational cost benefits of electric vehicles, and the ongoing growth of municipal and commercial waste management needs. Key trends during this period include the integration of autonomous driving technology, advancements in energy storage solutions, expansion of electric vehicle fleets, adoption of advanced waste sorting systems, and the development of faster and more efficient charging technologies.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19411&type=smp
How are the latest trends influencing the growth of the electric waste collection trucks market?
In the electric waste collection truck market, companies are developing all-electric commercial waste collection vehicles to enhance operational efficiency and reduce emissions. For instance, in November 2023, Grundon Waste Management Ltd., a UK-based waste management company, launched the UK's first all-electric waste collection vehicle in Reading and Newbury. The vehicles are powered by electricity generated from the waste they collect, supporting sustainable operation. Grundon is also exploring alternative fuels like hydrogen and hydrotreated vegetable oil (HVO) to further reduce environmental impact and improve urban air quality.
What are the major segments of the electric waste collection trucks market and their role in driving growth?
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
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19411
Which regions are key players in the growth of 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.
Who are the key firms paving the way for growth in 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.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=19411&type=smp
What Is Covered In The Electric Waste Collection Trucks Global Market Report?
•Market Size Forecast: Examine the electric waste collection trucks market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the electric waste collection trucks market for a structured understanding.
•Key Players Overview: Analyze major players in the electric waste collection trucks market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric waste collection trucks market.
•Segment Contributions: Evaluate how different segments drive overall growth in the electric waste collection trucks market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric waste collection trucks market.
•Industry Challenges: Identify potential risks and obstacles affecting the electric waste collection trucks market.
•Competitive Landscape: Review strategic developments in the electric waste collection trucks market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Increasing Waste Generation Drives Growth In Electric Waste Collection Truck Market Driver: Leading Transformation in the Electric Waste Collection Trucks Market in 2025 here
News-ID: 3940608 • Views: …
More Releases from The Business Research Company
C-X-C Chemokine Receptor Type 2 Market on Track for Strong Growth, Estimated to …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the C-X-C Chemokine Receptor Type 2 Market Through 2025?
There has been a significant expansion in the market for C-X-C chemokine receptor type 2 in the past few years. The market is projected to increase from $1.24 billion in 2024 to $1.38 billion…
Top Market Shifts Transforming the Coenzyme Q10 Market Landscape: Key Insights
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Coenzyme Q10 Market Through 2025?
The market size of coenzyme Q10 has seen impressive expansion in the past years, with predictions stating an increase from $0.74 billion in 2024 up to $0.84 billion in 2025, implying a compound annual growth rate (CAGR)…
2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Unta …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Chimeric Antibody Market Through 2025?
In recent times, there has been a swift expansion in the chimeric antibody market size. We can expect an increase from $12.27 billion in 2024 to $13.74 billion in 2025, reflecting a compound annual growth rate (CAGR)…
2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Unta …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Chimeric Antibody Market Through 2025?
In recent times, there has been a swift expansion in the chimeric antibody market size. We can expect an increase from $12.27 billion in 2024 to $13.74 billion in 2025, reflecting a compound annual growth rate (CAGR)…
More Releases for Truck
Rush Truck Park Opens Secure Truck Parking Facility in Phoenix, AZ
Rush Truck Park announces the opening of a high security, short and long term parking facility for trucks, trailers, machinery and storage containers in Phoenix, AZ. With 24/7 access and convenient location in the heart of Phoenix, Rush Truck Park aims to become Arizona's premier truck parking destintation.
In response to the growing demand for secure and accessible truck parking solutions, Rush Truck Park is excited to announce the opening of…
Hydrogen Fuel Cell Truck Market By Truck Type (Light Duty Truck, Medium Duty Tru …
Hydrogen Fuel Cell Truck Market Size
By truck type, the heavy duty truck segment was the highest revenue contributor to the market, and is estimated to reach $1,763.4 million by 2032, with a CAGR of 32.9%.
Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Auto-0H932/Hydrogen_Fuel_Cell_Truck_Market_By_Truck_Type_Light_Duty_Truck_Medium_Duty_Truck_Heavy_Duty_Truck_By_Range_Below_400_Km_Above_400_km_By_Power_Output_Below_150_KW_151_250_KW_Above_250_KW_Global_Opportunity_Analysis_and_Industry_Forecast_2023_2032
Hydrogen Fuel Cell Truck Market By Truck Type (Light Duty Truck, Medium Duty Truck, Heavy Duty Truck), By Range (Below 400 Km, Above 400 km), By Power Output (Below 150 KW, 151 -…
Freight Trucking Market : Dry van & box truck, Refrigerated truck, Tanker truck …
The global freight trucking market was valued at $2,732 billion in 2021, and is projected to reach $4,457.4 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
Asia-Pacific is expected to dominate the global freight trucking market in 2021. The growth of the market in Asia-Pacific is majorly attributed to the booming e-commerce industry in emerging economies in the region. High government support for development of logistics…
Freight Trucking Market : Dry van & box truck, Refrigerated truck, Tanker truck …
According to a new report published by Allied Market Research, titled, "Freight Trucking Market," The freight trucking market was valued at $2,732.00 billion in 2021, and is estimated to reach $4,457.4 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
Asia-Pacific is expected to dominate the global freight trucking market in 2021. The growth of the market in Asia-Pacific is majorly attributed to the booming e-commerce industry…
Commercial Truck Leasing Market Report- Applications, Type, Deployment, Organiza …
The Commercial Truck Leasing Market research report presents an intensive and coordinated exploration of the current circumstance, market key elements, Commercial Truck Leasing Market methodologies, and central participants' development in the business. The investigation helps controllers and corporate leaders in developing cost-effective decisions. Commercial Truck Leasing Market provides an evenhanded and extensive assessment of existing examples, factors, obstacles, limits, headway, possibilities/quick development areas that will help partners create business plans…
Semi-Autonomous Truck Truck Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the Semi-Autonomous Truck Truck market analysis, which studies the Semi-Autonomous Truck Truck's industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global "Semi-Autonomous Truck Truck Market 2020-2025" Research Report categorizes the global Semi-Autonomous Truck Truck market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players…
