Press release
Strong Growth Ahead: Garbage Collection Truck Market Size To Grow At Arecord 7.3% Cagr By 2029
Garbage Collection Truck
How Big Is the Garbage Collection Truck Market Size Expected to Be by 2034?
The garbage collection truck market size has grown strongly in recent years. It will grow from $14.17 billion in 2024 to $15.26 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to a rise in urbanization, population growth, environmental regulations, economic growth, infrastructure development, improved waste segregation, and private sector participation.
The garbage collection truck market is projected to reach $20.21 billion by 2029, with a CAGR of 7.3%. Growth is driven by smart city initiatives, rising municipal solid waste, consumer sustainability awareness, and industrial automation. Trends include smart waste management, modernized fleets, connectivity, and technical advancements in garbage truck models.
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What Are the Emerging Segments Within the Garbage Collection Truck Market?
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 Long-Term Drivers Are Shaping Garbage Collection Truck Market Trends?
The rise in municipal solid waste is projected to stimulate the garbage collection truck market. With urban populations expanding, waste production in cities has surged. Garbage trucks help manage this by collecting and transporting waste effectively. According to the United Nations Environment Programme in February 2024, global municipal solid waste is projected to grow from 2.1 billion metric tons in 2023 to 3.8 billion metric tons by 2050. This increase supports the garbage collection truck market.
Who Are the Top Competitors in Key Garbage Collection Truck Market Segments?
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, Tere*x 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.
What Trends Are Expected to Dominate the Garbage Collection Truck Market in the Next 5 Years?
Companies in the garbage collection truck market are focusing on innovation, such as hydrogen-powered waste collection vehicles, to reduce emissions and improve sustainability. Hydrogen-powered trucks use fuel cells to produce electricity, emitting only water vapor. For instance, in September 2022, PreZero Nederland launched a hydrogen-powered truck for waste collection as part of the HECTOR project. The vehicle, which operates without harmful emissions, aims to provide sustainable waste management solutions in Europe.
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Which Regions Are Becoming Hubs for Garbage Collection Truck Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Garbage Collection Truck Market?
2. What is the CAGR expected in the Garbage Collection Truck Market?
3. What Are the Key Innovations Transforming the Garbage Collection Truck Industry?
4. Which Region Is Leading the Garbage Collection Truck Market?
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