Press release
Key Trend Reshaping the Refuse Truck (Garbage Handling Trucks) Market in 2025: Shift To Electric Trash Trucks In Refuse Collection Market Enhances Sustainability And Reduces Emissions
Refuse Truck Garbage Handling Trucks Market Share
The growing consciousness about waste management is set to fuel the expansion of the refuse truck market in the coming years. Waste management refers to all actions taken from the creation of waste to its ultimate disposal, such as gathering, transporting, treating, and recycling. Increased knowledge and concern about waste management has been driven by factors like environmental and health issues, educational and outreach programs, social responsibility, and business involvement. Refuse trucks play a crucial role in waste management by effectively collecting and conveying large amounts of waste to disposal or recycling centers, thereby minimizing the time and manual labor needed for waste disposal. According to a February 2024 report from the United Nations Environment Programme, a US-based entity, the volume of municipal solid waste is projected to escalate from 2.1 billion tons in 2023 to 3.8 billion tons by 2050. Consequently, the growing awareness of waste management stimulates the refuse truck market.
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What is the projected compound annual growth rate (CAGR) of the refuse truck (garbage handling trucks) market from 2025 to 2034, and what factors influence it?
The market for refuse trucks, also known as garbage handling trucks, has experienced significant growth recently and is projected to further expand from $1.62 billion in 2024 to $2.05 billion in 2025, reflecting a compound annual growth rate (CAGR) of 26.6%. This historical growth trend can be traced back to factors like accelerating urbanization, increased awareness around waste management, advancements in vehicle automation, escalating environmental concerns, growing population, and stricter environmental regulations.
There is an expectancy for a substantial increase in the refuse truck (garbage handling trucks) market over the coming years. With a compound annual growth rate (CAGR) of 25.4%, it's projected to reach $5.07 billion by 2029. This growth within the stated forecast period can be credited to a spike in the usage of electric garbage trucks, an escalating demand for eco-friendly waste management measures, the need for compact and maneuverable vehicles, increasing concern for worker safety, and a surging trend toward public-private partnerships (PPPs). Expected trends during the stated forecast period comprise cutting-edge technology, progressive engineering solutions, advances in diesel technology, developments in cleaner technologies, improved charging systems, and advancements in automation and telematics.
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How are the latest trends influencing the growth of the refuse truck (garbage handling trucks) market?
Top firms in the refuse truck market are focusing on the creation of fully electric garbage trucks to decrease carbon emissions, reduce operating costs, and increase sustainability in waste management procedures. Electric garbage trucks are refuse collection vehicles run on electric batteries, aimed at minimizing emissions and noise and enhancing fuel efficiency. For example, WIN Waste Innovations Holdings Inc., a waste management firm based in the US, introduced the Mack LR Electric vehicles and fully electric garbage trucks in Boston city in December 2023. They are solely powered by the energy derived from the waste they gather, presenting an innovative solution to waste collection and renewable energy production. The shift to electric trucks is expected to save roughly 12,000 gallons of diesel fuel and decrease carbon dioxide equivalent emissions by 122 metric tons every year. This corresponds with the wider environmental objectives to reduce greenhouse gas emissions and dependency on fossil fuels.
What are the major segments of the refuse truck (garbage handling trucks) market and their role in driving growth?
The refuse truck (garbage handling trucks) market covered in this report is segmented -
1) By Type: Front Loaders; Rear Loaders; Side Loaders
2) By Fuel: Electric; Gasoline; Diesel
3) By Technology: Manual; Automatic; Semi-Automatic
4) By End-User: Municipal Garbage; Industrial Garbage; Other End Users
Subsegments:
1) By Front Loaders: Standard Front Loaders; Automated Front Loaders; Compaction Front Loaders
2) By Rear Loaders: Standard Rear Loaders; Automated Rear Loaders; Low-Profile Rear Loaders
3) By Side Loaders: Automated Side Loaders; Manual Side Loaders; Dual-Stream Side Loaders
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Which regions are key players in the growth of the refuse truck (garbage handling trucks) market?
Asia-Pacific was the largest region in the refuse truck (garbage handling trucks) market in 2024. The regions covered in the refuse truck (garbage handling 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 refuse truck (garbage handling trucks) market?
Major companies operating in the refuse truck (garbage handling trucks) market are Daimler Truck Holding AG, Dongfeng Motor Corporation, Oshkosh Corporation, Zoomlion Heavy Industry Science & Technology Co. Ltd., Crane Carrier Company, Volvo Trucks North America Inc, Autocar LLC, Takuma Co. Ltd., Mack Trucks Inc., Peterbilt Motors Company, Isuzu Commercial Truck of America Inc., McNeilus Truck & Manufacturing Inc., Stellar Industries Inc., Hino Motors Manufacturing U.S.A. Inc., Labrie Enviroquip Group, New Way Ltd., Loadmaster Industries Inc, The Curbtender Inc., Scranton Manufacturing Company Inc., Spartan Motors Inc., Workhorse Group
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What Is Covered In The Refuse Truck (Garbage Handling Trucks) Global Market Report?
•Market Size Forecast: Examine the refuse truck (garbage handling trucks) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the refuse truck (garbage handling trucks) market for a structured understanding.
•Key Players Overview: Analyze major players in the refuse truck (garbage handling trucks) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the refuse truck (garbage handling trucks) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the refuse truck (garbage handling trucks) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the refuse truck (garbage handling trucks) market.
•Industry Challenges: Identify potential risks and obstacles affecting the refuse truck (garbage handling trucks) market.
•Competitive Landscape: Review strategic developments in the refuse truck (garbage handling trucks) market, including expansions, agreements, and new product launches.
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