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.
Get Your Refuse Truck (Garbage Handling Trucks) Market Report Here:
https://www.thebusinessresearchcompany.com/report/refuse-truck-garbage-handling-trucks-global-market-report
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.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20943&type=smp
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
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20943
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
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=20943&type=smp
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.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow 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
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 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 here
News-ID: 3945330 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
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 Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
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 Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
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 Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
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 Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
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…
