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Rising Waste Management Awareness Drives Growth In The Refuse Truck Market : A Key Driver Powering Refuse Truck (Garbage Handling Trucks) Market Growth In 2025
Refuse Truck (Garbage Handling Trucks)
What Is the Current Refuse Truck (Garbage Handling Trucks) Market Size and Its Estimated Growth Rate?
The market for refuse trucks (also known as garbage handling trucks) has seen considerable expansion lately. This market is projected to escalate from a value of $1.62 billion in 2024 to reach $2.05 billion in 2025, demonstrating a sturdy compound annual growth rate (CAGR) of 26.6%. Such marked growth during the historic period is a direct result of increased urbanization speed, a heightened consciousness around waste management, a rise in commercial vehicle automation, escalating environmental worries, growth in global population, and strict environmental laws.
The market size for refuse trucks or garbage handling trucks is projected to witness a tremendous expansion in the coming years. The growth is anticipated to hit $5.07 billion by 2029, with a compound annual growth rate (CAGR) of 25.4%. This predicted growth within the forecast period can be ascribed to factors such as the upsurge in the utilization of electric garbage trucks, a heightened demand for eco-friendly waste management strategies, the requirement for compact and easily maneuverable vehicles and an expanding awareness concerning worker safety. Additionally, the proliferating trend of public-private partnerships (PPPs) cannot be overlooked. The forecast period also identifies major trends including cutting-edge technological innovations, progressive engineering resolutions, advances in diesel technology and cleaner technologies and development in charging systems. Further advancements in automation and telematics add to these growing trends.
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How Are Emerging Segments Shaping the Refuse Truck (Garbage Handling Trucks) Market Landscape?
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 Growth Factors Are Influencing Refuse Truck (Garbage Handling Trucks) Market Expansion?
The growing consciousness regarding waste management is set to stimulate the refuse truck market's progress in the future. Waste management encompasses the varied procedures involved in managing waste from its beginning until its eventual disposal - this includes collection, transportation, processing, and recycling. Increased understanding and concern for waste management is due to environmental and health awareness, educational and outreach programs, social obligation, and business involvement. Refuse trucks optimize waste management by adeptly gathering and transporting substantial quantities of waste to disposal or recycling centers, thus minimizing the time and manpower needed for waste removal. For example, a report released by the United Nations Environment Programme, a US-based entity, disclosed in February 2024 that the production of municipal solid waste is forecasted to escalade from 2.1 billion tons in 2023 to 3.8 billion tons by 2050. Hence, the escalating consciousness of waste management stimulates the refuse truck market.
Who Are the Dominant Players Across Different Refuse Truck (Garbage Handling Trucks) Market Segments?
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
What Are the Latest Developing Trends in the Acne Treatment Devices Market?
Major companies in the refuse truck market are steering towards the invention of fully electric garbage trucks to decrease carbon emissions, increase sustainability in waste management processes, and diminish operating expenses. Electric garbage trucks are refuse collection vehicles powered by electricity, aimed at reducing pollution and noise, while optimising fuel efficiency. For example, WIN Waste Innovations Holdings Inc., a waste management firm based in the US, in December 2023, introduced Mack LR Electric vehicles and fully electric garbage trucks in Boston. These vehicles rely exclusively on energy derived from the waste they collect, setting a pioneering standard in waste collection and renewable energy generation. The shift to electric trucks could potentially save around 12,000 gallons of diesel fuel each year and decrease carbon dioxide equivalent emissions by 122 metric tons annually, fitting well with wider environmental objectives to cut down greenhouse gas emissions and reduce dependence on fossil fuels.
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Which Geographic Regions Are Expected to Dominate the Refuse Truck (Garbage Handling Trucks) Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Refuse Truck (Garbage Handling Trucks) Market?
2. What is the CAGR expected in the Refuse Truck (Garbage Handling Trucks) Market?
3. What Are the Key Innovations Transforming the Refuse Truck (Garbage Handling Trucks) Industry?
4. Which Region Is Leading the Refuse Truck (Garbage Handling Trucks) Market?
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