Global Garbage Collection Truck Market Projected to Surpass $20.21 Billion by 2029 with 7.3% Annual Growth

How Are the key drivers contributing to the expansion of the garbage collection truck market?
An increase in the creation of municipal solid waste is anticipated to boost the expansion of the garbage collection truck market in the future. Municipal solid waste is defined as the daily waste created by households, businesses, and institutions within a municipality, encompassing food waste, paper products, plastic materials, and landscaping waste. A surge in population and urbanization is causing municipal solid waste creation to escalate, which leads to higher concentrations of waste in urban areas and increased waste production. Garbage collection trucks play an essential role in managing municipal solid waste by effectively collecting, transporting, and discarding waste, enhancing cleanliness, and aiding efficient waste management processes. For example, in February 2024, the United Nations Environment Programme, a Kenya-based institution in charge of coordinating environmental issue responses, reported a significant global rise in municipal solid waste production, with predictions showing an increase from 2.1 billion metric tons in 2023 to 3.8 billion metric tons by 2050. Consequently, the heightened generation of municipal solid waste is a key driver in the expansion of the garbage collection truck market.

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What growth opportunities are expected to drive the garbage collection truck market's CAGR through 2034?
In recent years, the market size of garbage collection trucks has experienced a significant increase. It is anticipated to expand from $14.17 billion in 2024 to $15.26 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. Factors contributing to this growth in the past include increased urbanization, population expansion, environmental rules, economic development, advancements in infrastructure, better waste segregation, and involvement from the private sector.

The market size for garbage collection trucks is predicted to experience significant expansion in the coming years, with an expected growth to $20.21 billion in 2029, following a CAGR of 7.3%. This anticipated surge during the forecast period is due to factors such as, the increasing adoption of smart city projects, mounting production of municipal solid waste, growing consumer consciousness about the detrimental impact of disposal in open spaces, heightened societal concern towards sustainability, and the rise in automation in diverse industrial sectors. Key trends characterizing this period comprise the implementation of intelligent waste management systems, the modernisation of garbage truck fleets through connectivity, integration of telematics, creation of more cost-effective and efficient garbage truck models, and the utilisation of technological advancements.

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What are the emerging trends shaping the future of the garbage collection truck market?
Key players in the garbage collection truck market are concentrating on creating novel products like hydrogen-fueled waste collection trucks to decrease emissions and augment environmental sustainability. These hydrogen-powered waste collection vehicles leverage hydrogen fuel cells for electricity generation, emitting only water vapor and serving as an eco-friendlier alternative to traditional diesel trucks. PreZero Nederland, a Dutch waste and recycling management firm, unveiled a hydrogen-powered waste collection truck in September 2022, as part of the HECTOR project in North-West Europe. This hydrogen truck, producing no harmful emissions, can fill up with fifteen kilos of hydrogen, enabling two days of operation, collecting waste from underground containers. This launch constitutes a notable move in PreZero's endeavor to decrease CO2 emissions in waste management, aligning with European ecological mandates for reducing emissions. The project's objective is to collect data about the performance of hydrogen vehicles under actual conditions, which will guide future choices regarding sustainable waste collection techniques in the Netherlands.

Which growth-oriented segments of the garbage collection truck market are leading the industry's development?
The garbage collection truckmarket covered in this report is segmented -

1) By Product: Front Loaders, Rear Loaders, Side Loaders
2) By Technology: Semi-Automatic, Automatic, Other Technologies
3) By End Use: Municipal Garbage, Industrial Garbage, Other End Uses

Subsegments:
1) By Front Loaders: Standard Front Loader Trucks, Automated Front Loader Trucks, Dual-Compartment Front Loaders, Heavy-Duty Front Loaders
2) By Rear Loaders: Standard Rear Loader Trucks, Compaction Rear Loader Trucks, Automated Rear Loader Trucks, Dual-Compartment Rear Loaders
3) By Side Loaders: Automated Side Loader Trucks, Manual Side Loader Trucks, Single-Compartment Side Loaders, Dual-Compartment Side Loaders

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What regions are leading the charge in the garbage collection truck market?
North America was the largest region in the garbage collection truck market in 2024. The regions covered in the garbage collection truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the garbage collection truck market?
Major companies operating in the garbage collection truck market are Volvo Truck Corporation, Isuzu Motors Limited, Hino Motors Ltd., Mitsubishi Fuso Truck and Bus Corporation, Corporation, Heil Environmental Industries Ltd., Mack Trucks Inc., Peterbilt Motors Company, Wastequip LLC, Bucher Municipal AG, International Truck and Engine Corporation, Freightliner Trucks, Autocar LLC, McNeilus Companies Inc., New Way Trucks Inc., Avery Weigh-Tronix LLC, TerraCycle Inc., AMREP Inc., Sullivan-Palatek Inc., Curbtender Inc., RDK Truck Sales Inc.

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What Is Covered In The Garbage Collection Truck Global Market Report?

•Market Size Forecast: Examine the garbage collection truck market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the garbage collection truck market for a structured understanding.
•Key Players Overview: Analyze major players in the garbage collection truck market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the garbage collection truck market.
•Segment Contributions: Evaluate how different segments drive overall growth in the garbage collection truck market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the garbage collection truck market.
•Industry Challenges: Identify potential risks and obstacles affecting the garbage collection truck market.
•Competitive Landscape: Review strategic developments in the garbage collection truck market, including expansions, agreements, and new product launches.

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