Rapid Industrialization to Boost Demand for Garbage Collection Trucks
The global garbage collection trucks market is estimated to grow at a CAGR of over 4% and reach a valuation of over US$ 10 Bn during the forecast period (2019-2029). The rapid expansion of industrial operations and inadequate waste management methods have augmented the need for garbage collection trucks. The inclusion of recycling facilities in garbage collection trucks for the treatment of solid waste is proliferating demand for garbage collection trucks.
Several industrialized nations such as China, India, Mexico, and Brazil are giving importance to regulate environmental conditions and are dedicating a considerable amount of capital to modernizing its waste management infrastructure. Through increasing automation in several manufacturing verticals, and technological advances, garbage collection trucks are expected to witness abundant growth. Given that garbage collection trucks are a major investment, demand for high-end features is also growing among end-users.
Municipal Garbage Segment to Drive Demand for Garbage Collection Trucks
Demand for garbage trucks is anticipated to grow during the forecast period owing to increasing municipal waste. Rapid urbanization and changing lifestyles has led to an increase in municipal sewage waste. According to the World Bank, the world generates 2.01 billion tonnes of municipal solid waste annually which is expected to grow to 3.40 billion tonnes by 2050. Thus, the increase in municipal sewage waste will accelerate sales of garbage trucks globally.
The municipal garbage segment is estimated to create an absolute dollar opportunity worth US$ 2 Bn by the end of the forecast period (2019-2029). However, the industrial garbage segment is foreseen to grow around 1.5X faster as compared to 2019 during the forecast period.
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Developed Regions Continue to Lead in Garbage Collection Trucks Market
Developed regions such as North America & Europe are anticipated to capture a major chunk of the market share in the global garbage collection trucks market. Many fleet operators provide their services in the region for municipal bodies and industrial sectors. Moreover, growing regulations and strong policies related to environmental safety have helped the market to grow at an impressive rate. According to data released by the World Bank, 289 million tonnes of trash is produced in North America, which is projected to grow to 369 million tonnes in 2050. This has led government bodies to follow stringent measures. Therefore, the demand for garbage collection trucks will continue to increase over the forecast period.
North America is estimated to create an absolute dollar opportunity worth US$ 800 Mn, during the forecast period. Furthermore, the European market is estimated to account for one-fourth of the overall absolute dollar opportunity created in the global market by the end of 2029.
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Products Lunches to Sustain Hegemony of Leading Players
The global garbage collection trucks market is consolidated in nature with a few industry giants such as McNeilus Truck & Manufacturing and Dongfeng Motor Corporation holding top shares. Prominent market leaders, are anticipated to witness intense market competition from existing as well as new players who introduce new garbage collection trucks. For instance, in April 2019 market leader New Way Trucks launched a rear loader garbage collection truck Cobra HC for height restricted applications. In May 2019, another market leader Autocar Trucks launched a conventional garbage collection truck DC – 64R in order to cater to the demand for the severe duty garbage collection trucks for heavy applications.
Garbage Collection Trucks Market - Scope of the Report
Fact.MR recently published a market study on the global market for garbage collection trucks. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the garbage collection trucks market structure. The market study presents exclusive information about how the Garbage Collection Trucks market will grow during the forecast period of 2019-2029.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the garbage collection trucks market in the forecast period.
The study is relevant for stakeholders in the garbage collection trucks market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the garbage collection trucks market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the garbage collection trucks market. It also offers actionable insights based on future trends in the garbage collection trucks market. Furthermore, small businesses and new entrants in the garbage collection trucks market can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the Garbage Collection Trucks Market
Fact.MR’s study on the garbage collection trucks market offers information divided into four important segments - product, technology, end-use, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
|
Product |
Technology |
End-Use |
Region |
|
Front Loaders |
Semi-automatic |
Municipal Garbage |
North America |
|
Rear Loaders |
Automatic |
Industrial Garbage |
Latin America |
|
Side Loaders |
Others |
Others |
Europe |
|
|
|
|
East Asia |
|
|
|
|
South Asia |
|
|
|
|
MEA |
|
|
|
|
Oceania |
Key Questions Answered in the Fact.MR Garbage Collection Trucks Market Report
- Which regions will continue to remain the most profitable regional markets for garbage collection trucks market players?
- Which factors will induce a change in the demand for garbage collection trucks during the assessment period?
- How will changing trends impact the garbage collection trucks market?
- How can market players capture the low-hanging opportunities in the garbage collection trucks market in developed regions?
- Which companies are leading the garbage collection trucks market?
- What are the winning strategies of stakeholders in the garbage collection trucks market to upscale their position in this landscape?
Garbage Collection Trucks Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the garbage collection trucks market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the production of the garbage collection trucks market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
1. Global Garbage Collection Trucks Market - Executive Summary
1.1. Global Market Overview
1.2. Global Garbage Collection Trucks Market - Regional Overview
1.3. Global Garbage Collection Trucks Market - Opportunity Assessment
1.4. Fact.MR Analysis
2. Global Garbage Collection Trucks Booth Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Introduction and Definition
3. Market Background
3.1. Macro - Economic Factors
3.2. Global Automotive Production Outlook by Region
3.3. Recent Developments in Garbage Collection Trucks Market
3.4. Key Challenges
3.5. Supply Chain Analysis
3.6. Forecast Factors: Relevance and Impact
3.7. Market Dynamics
3.7.1. Drivers
3.7.2. Restraints
3.7.3. Opportunity Analysis
3.7.4. Trend
4. Global Garbage Collection Trucks Market Demand Analysis 2014-2018 and Forecast, 2019-2029
4.1. Market Volume Analysis
4.2. Pricing Analysis
4.3. Market Value Analysis
5. Global Garbage Collection Trucks Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
5.1. Historical Market Value (US$ Mn) Projections, 2014-2018
5.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
6. Global Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029, by Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2014 - 2018
6.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Product Type, 2019 - 2029
6.3.1. Front Loaders
6.3.2. Rear Loaders
6.3.3. Side Loaders
6.4. Market Attractiveness Analysis By Product Type
7. Global Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029, by Technology
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Technology, 2014 - 2018
7.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Technology, 2019 - 2029
7.3.1. Semi-Automatic Garbage Trucks
7.3.2. Automatic Garbage Trucks
7.3.3. Others
7.4. Market Attractiveness Analysis By Technology
8. Global Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029, by End Use
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End Use, 2014 - 2018
8.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By End Use, 2019 - 2029
8.3.1. Municipal Garbage
8.3.2. Industrial Garbage
8.3.3. Others
8.4. Market Attractiveness Analysis By End Use
9. Global Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029, by Region
9.1. Historical Market Size (US$ Mn) Analysis By Region, 2014 - 2018
9.2. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2019 - 2029
9.2.1. North America
9.2.2. Latin America
9.2.3. Europe
9.2.4. South East Asia & Pacific
9.2.5. Middle East & Africa (MEA)
9.2.6. China
9.2.7. India
9.3. Market Attractiveness Analysis By Region
10. North America Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029
10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018
10.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
10.3.1. By Country
10.3.1.1. U.S.
10.3.1.2. Canada
10.3.2. By Product Type
10.3.3. By Technology
10.3.4. By End Use
10.4. Market Attractiveness Analysis
10.4.1. By Product Type
10.4.2. By Technology
10.4.3. By End Use
10.5. Key Market Participants-Intensity Mapping
11. Latin America Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018
11.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
11.3.1. By Country
11.3.1.1. Brazil
11.3.1.2. Mexico
11.3.1.3. Rest of Latin America
11.3.2. By Product Type
11.3.3. By Technology
11.3.4. By End Use
11.4. Market Attractiveness Analysis
11.4.1. By Product Type
11.4.2. By Technology
11.4.3. By End Use
11.5. Key Market Participants-Intensity Mapping
12. Europe Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018
12.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
12.3.1. By Country
12.3.1.1. Germany
12.3.1.2. France
12.3.1.3. U.K.
12.3.1.4. Italy
12.3.1.5. Spain
12.3.1.6. Russia
12.3.1.7. Poland
12.3.1.8. Rest of Europe
12.3.2. By Product Type
12.3.3. By Technology
12.3.4. By End Use
12.4. Market Attractiveness Analysis
12.4.1. By Product Type
12.4.2. By Technology
12.4.3. By End Use
12.5. Key Market Participants-Intensity Mapping
13. South East Asia & Pacific Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018
13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
13.3.1. By Country
13.3.1.1. ASEAN
13.3.1.2. South Korea
13.3.1.3. Japan
13.3.1.4. Australia & New Zealand
13.3.1.5. Rest of South East Asia & Pacific
13.3.2. By Product Type
13.3.3. By Technology
13.3.4. By End Use
13.4. Market Attractiveness Analysis
13.4.1. By Product Type
13.4.2. By Technology
13.4.3. By End Use
13.5. Key Market Participants-Intensity Mapping
14. MEA Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018
14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
14.3.1. By Country
14.3.1.1. GCC Countries
14.3.1.2. South Africa
14.3.1.3. North Africa
14.3.2. By Product Type
14.3.3. By Technology
14.3.4. By End Use
14.4. Market Attractiveness Analysis
14.4.1. By Product Type
14.4.2. By Technology
14.4.3. By End Use
14.5. Key Market Participants-Intensity Mapping
15. China Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018
15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
15.3.1. By Product Type
15.3.2. By Technology
15.3.3. By End Use
15.4. Market Attractiveness Analysis
15.4.1. By Product Type
15.4.2. By Technology
15.4.3. By End Use
15.5. Key Market Participants-Intensity Mapping
16. India Garbage Collection Trucks Market Analysis 2014-2018 and Forecast, 2019-2029
16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018
16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
16.3.1. By Product Type
16.3.2. By Technology
16.3.3. By End Use
16.4. Market Attractiveness Analysis
16.4.1. By Product Type
16.4.2. By Technology
16.4.3. By End Use
16.5. Key Market Participants-Intensity Mapping
17. Market Structure Analysis
17.1. Global Garbage Collection Trucks Market - A Dashboard View
17.2. Global Garbage Collection Trucks - Industry Structure
17.3. Global Garbage Collection Trucks Market Company Share Analysis
18. Company Profiles
18.1. New Way Trucks
18.1.1. Company Overview
18.1.2. Product overview
18.1.3. SWOT Analysis
18.1.4. Key Developments
18.2. McNeilus Truck & Manufacturing, Inc.
18.2.1. Company Overview
18.2.2. Product overview
18.2.3. SWOT Analysis
18.2.4. Key Developments
18.3. Heil - An Environmental Solutions Group Company
18.3.1. Company Overview
18.3.2. Product overview
18.3.3. SWOT Analysis
18.3.4. Key Developments
18.4. PAK-MOR LTD.
18.4.1. Company Overview
18.4.2. Product overview
18.4.3. SWOT Analysis
18.4.4. Key Developments
18.5. CEEC TRUCKS INDUSTRY CO., LIMITED.
18.5.1. Company Overview
18.5.2. Product overview
18.5.3. SWOT Analysis
18.5.4. Key Developments
18.6. Curbtender, Inc.
18.6.1. Company Overview
18.6.2. Product overview
18.6.3. SWOT Analysis
18.6.4. Key Developments
18.7. FAUN Umwelttechnik GmbH & Co.KG.
18.7.1. Company Overview
18.7.2. Product overview
18.7.3. SWOT Analysis
18.7.4. Key Developments
18.8. EZ-Pack Refuse Hauling Solutions, LLC
18.8.1. Company Overview
18.8.2. Product overview
18.8.3. SWOT Analysis
18.8.4. Key Developments
18.9. Zoomlion Heavy Industry Science & Technology Co., Ltd.
18.9.1. Company Overview
18.9.2. Product overview
18.9.3. SWOT Analysis
18.9.4. Key Developments
18.10. Fujian Longma Environmental Sanitation Equipment Co., Ltd
18.10.1. Company Overview
18.10.2. Product overview
18.10.3. SWOT Analysis
18.10.4. Key Developments
18.11. Labrie Enviroquip Group
18.11.1. Company Overview
18.11.2. Product overview
18.11.3. SWOT Analysis
18.11.4. Key Developments
18.12. Bridgeport Manufacturing
18.12.1. Company Overview
18.12.2. Product overview
18.12.3. SWOT Analysis
18.12.4. Key Developments
18.13. Dongfeng Motor Corporation
18.13.1. Company Overview
18.13.2. Product overview
18.13.3. SWOT Analysis
18.13.4. Key Developments
18.14. Dennis Eagle Inc.
18.14.1. Company Overview
18.14.2. Product overview
18.14.3. SWOT Analysis
18.14.4. Key Developments
18.15. Geesinknorba Ltd.
18.15.1. Company Overview
18.15.2. Product overview
18.15.3. SWOT Analysis
18.15.4. Key Developments
19. Assumption & Acronyms Used
20. Research Methodology
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Garbage Collection Trucks Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029