Press release
2025-2034 Garbage Truck Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Garbage Truck Market
What Will the Garbage Truck Industry Market Size Be by 2025?
In recent times, the market size of the garbage truck industry has seen a substantial increase. It's projected to expand from $16.43 billion in 2024 to $17.56 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. The surge in growth during the historic period can be linked to factors like the growth of urbanization and population, health and sanitation issues, the influence of the industrial revolution, the response to public health crises, and efforts towards waste recycling initiatives.
What's the Long-Term Growth Forecast for the Garbage Truck Market Size Through 2029?
The market size of garbage trucks is projected to experience robust expansion in the coming years. It is forecasted to reach a value of $23.54 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.6%. This growth within the predicted period is due to the move towards electric and hybrid vehicles, intelligent waste management systems, the need for automated collection mechanisms, the use of AI in waste segregation, and the increase in handling biodegradable waste. Key trends for the projection period are services for waste collection on demand, the incorporation of robotics in waste management, improved waste sorting capabilities, adaptable and tailor-made truck designs, and intelligent fleet management systems.
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What Are the Key Growth Drivers Fueling the Garbage Truck Market Expansion?
The growth of the garbage truck market is forecasted to be propelled by the increasing demand for waste management. The procedure of waste management involves the collection, treatment, disposal, and responsible supervision of waste materials. Garbage trucks, which collect and transport solid waste from residences, businesses, and industrial zones to proper disposal or treatment facilities, are beneficial in this process. For example, a report by the United Nations Environment Programme (UNEP), a Kenya-based environmental authority of the United Nations, predicts that municipal solid waste output is set to rise from 2.1 billion tonnes in 2023 to 3.8 billion tonnes by 2050. Thus, the escalating necessity for waste management is fueling the expansion of the garbage truck market.
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What Are the Key Trends Driving Garbage Truck Market Growth?
Leading businesses in the garbage truck market are concentrating on creating innovative solutions such as electric garbage trucks to lower carbon emissions, enhance fuel efficiency, and promote eco-friendly waste management practices. Electric garbage trucks, also referred to as electric refuse trucks or electric trash trucks, are waste collection vehicles that utilize electric batteries rather than the conventional internal combustion engines (ICE). For example, in December 2023, WIN Waste Innovations, a US-based firm providing commercial and residential waste removal and recycling services, launched the first fully electric garbage trucks in Boston, demonstrating a crucial advancement in sustainable waste management for the city. The project received financial support through a competitive grant program from the Massachusetts Department of Environmental Protection and the U.S. Environmental Protection Agency, along with investments from WIN Waste itself.
How Is the Garbage Truck Market Segmented?
The garbage truck market covered in this report is segmented -
1) By Type: Front Loaders, Rear Loaders, Side Loaders
2) By Technology: Manual, Automatic, Semi-Automatic
3) By Fuel Type: Gasoline, Diesel, Electric
4) By End User: Industrial Corporations, Municipal Authorities
Subsegments:
1) By Front Loaders: Commercial Front Loaders, Residential Front Loaders
2) By Rear Loaders: Standard Rear Loaders, Automated Rear Loaders
3) By Side Loaders: Automated Side Loaders, Manual Side Loaders
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Which Companies Are Leading the Charge in Garbage Truck Market Innovation?
Major companies operating in the garbage truck market include Tata Ltd., Mack Trucks Inc., Bucher Municipal, FAUN Zoeller, Dennis Eagle Ltd., McNeilus Companies Inc., Heil Environmental Industries Ltd., Labrie Enviroquip Group, Peterbilt, Curbtender Inc., EZ Pack Refuse Hauling Solutions, Haul-All Equipment Ltd., Bridgeport Manufacturing Inc., Volvo Group, Jesco Industries Inc., Cardinal Carryor, Superior Pak Pty Ltd., Vecoplan LLC, New Way Trucks, Papas Waste Equipment International Pty Ltd., Russ Engineering Pty Ltd., Amrep Inc., Meyer Material Handling Products Inc., Aman Cleaning Equipments Pvt. Ltd., Warren Truck and Trailer LLC
Which Regions Are Leading the Global Garbage Truck Market in Revenue?
North America was the largest region in the garbage truck market in 2024. The regions covered in the garbage truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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