
Report ID: UCMIR20V2017
SkyQuest Technology's Europe garbage truck bodies market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Europe Garbage Truck Bodies Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
Europe holds a significant market share in the global garbage truck bodies industry and is expected to see a steady growth rate of 3.6% CAGR over the forecast period. The European market for garbage truck bodies is projected to increase from USD 1.04 billion in 2022 to USD 1.36 billion by 2030. This growth can be attributed to the increasing adoption of electrification technology and electric garbage truck bodies, prompting major players in the region to invest in innovative technologies for waste management. As an example, in June 2022, a German waste management company launched a hydrogen fuel cell front loader refuse truck, converted from a DAF CF 340, as part of seven European trials aimed at assessing emission reductions in refuse collection operations.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Trucking by segment aggregation, the contribution of the Trucking in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR20V2017
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