USD 14818.3 million
Global Garbage Truck Bodies Market Size, Share, Growth Analysis, By Type(Front Loaders, Rear Loaders), By Application(Urban Garbage Treatment, Building Mining Industry) - Industry Forecast 2024-2031
Report ID:
SQSG20V2001 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Global Garbage Truck Bodies Market Insights
Garbage Truck Bodies Market size was valued at USD 14818.3 million in 2019 and is poised to grow from USD 16315.57 million in 2023 to USD 26110.74 million by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).
Due to increasing urbanization and the rising population rate globally, the industry is expected to have substantial growth during the forecast period. Furthermore, the market is anticipated to be driven by the growing industrialization and commercialization of developing nations.
Garbage collection truck technologies are growing to make recycling and waste disposal easier as concerns about efficient waste management practices grow. As a result, manufacturers are concentrating on integrating various technologies to boost the productivity and efficiency of their services. Garbage collection truck manufacturers are also concentrating on introducing a variety of technological advancements, such as enhancing efficiency by decreasing downtime and increasing the level of automation.
According to data from the World Bank, there were 2.01 billion tonnes of solid waste produced in 2019, and due to urbanization and population expansion, this number is expected to increase to 3.4 billion tonnes by 2031. As a result, authorities have tightened the rules governing the management of municipal and industrial garbage. Manufacturers are exploring new ways to extend the life as well as imbibe additional features such as real-time monitoring and the addition of several new equipments for the collection of waste from streets and segregation. This is expected to create a positive impact on the garbage collection truck market.
US Garbage Truck Bodies Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Urban Garbage Treatment
Fastest Growth
Building Mining Industry
Growth Rate
7.4% CAGR
Global Garbage Truck Bodies Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Garbage Truck Bodies Market Size By Application, 2021-2028 ($ Bn)
Global Garbage Truck Bodies Market Size By Application, 2021-2028 (%)
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Global Garbage Truck Bodies Market Segmental Analysis
The Global Garbage Truck Bodies Market is segmented based on the Product, Application, End User and region. Based on the Product Type, the Global Garbage Truck Bodies Market is segmented as Front Loader, Rear Loader, Side Loader, and Others. Based on the Application Garbage Truck Bodies Market is segmented as Urban Garbage Treatment, Building and mining industry, and others. Based On End User, the Global Garbage Truck Bodies Market is segmented as Municipal Garbage, Industrial Garbage, and others. Based on Region Garbage Truck Bodies Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Garbage Truck Bodies Market Analysis by Product
Based on Product Type, the market is bifurcated into Front Loaders, Rear Loaders, and Side Loaders. In 2021, the market segment with the most market share was rear loaders. The most recent back loaders also offer a lot of storage space and are fuel-efficient. These elements are to blame for this segment's supremacy. The more evenly distribute the load across the truck body. The most recent back loaders also offer a lot of storage space and are fuel-efficient. These elements are to blame for this segment's supremacy. Due to the growing use of automated side loaders, the side loaders market sector is also anticipated to rise strongly (ASL).
Garbage Truck Bodies Market Analysis by Application
Based on the Application Market is segmented as Urban Garbage Treatment, Building and mining industry, and others. In 2021, the market was largely dominated by the urban rubbish treatment segment. The expansion of this market is being driven by increased financial resources being allocated and careful planning for the collection, transportation, and treatment or disposal of solid waste in emerging nations.
Global Garbage Truck Bodies Market By Application , 2021(%), 2023 (%)
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Global Garbage Truck Bodies Market Regional Insights
Asia Pacific region held the largest market share during the forecast period and is expected to show higher CAGR in coming years. This is mainly due to the increasing consumer awareness and rising solid waste management practices. Also, Additionally, the exponential rise in the manufacturing of municipal solid trash in nations like China and India has led them to support educational initiatives, put in place incentive schemes, create legal frameworks, and enhance garbage management tactics. Due to these characteristics, this area will have the highest worldwide market share and the highest demand for garbage truck bodywork.
The second-highest market position is held by North America due to its growing industrialization. Additionally, it is projected that the deployment of electric garbage trucks and increasing pollution standards will support market growth. China places great importance on environmental protection and has allocated a sizable sum of money to the modernization of its infrastructure. India has also undertaken several significant programs to promote cleanliness, such as the long-term, high-budget "Swachh Bharat" program.
Global Garbage Truck Bodies Market By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global Garbage Truck Bodies Market Dynamics
Garbage Truck Bodies Market Driver
- Various waste management companies with sizable garbage truck fleets are exploring modernizing their fleets using a connection to manage and monitor their vehicles conveniently from remote places this is the major factor that is driving the market.
- Garbage collection vehicles are essential for industrial and residential applications' hygienic needs, as well as for recycling procedures. Garbage collection truck manufacturers are looking to increase the carrying capacity of solid waste in these trucks in response to the growing concerns about fuel efficiency, this can drive the market.
Garbage Truck Bodies Market Restraint
- In lower-Middle and Low-Income countries the municipal solid waste collection rates are very low. Like, the solid waste collection rate in high-income countries is almost 100% but in lower-income countries it is almost 50%. Thus, these factors will hinder the growth of the market.
- Garbage trucks are off-road vehicles and require more power to operate. Therefore, garbage trucks have high initial costs and maintenance costs. These factors are restraining the global garbage truck market
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Global Garbage Truck Bodies Market Competitive Landscape
Global Garbage Truck Bodies Market is relatively consolidated in nature, with a few levels of competition. A few of the key players operating in the garbage trucks market are: Cummins Inc., Liebherr, EZ-Pack, ETF HOLDING B.V. they are consistently launching new products and applying new strategies to stay remain in the market.
Garbage Truck Bodies Market Top Player's Company Profiles
- Heil Environmental Industries Ltd.
- McNeilus Companies Inc.
- Labrie Environmental Group
- EZ Pack Holding Ltd.
- Curbtender Inc.
- Bridgeport Manufacturing Inc.
- Kirchhoff Group Canada
- New Way Trucks
- Fujian Longma Environmental Sanitation Equipment Co. Ltd.
- Haul-All Equipment Systems
- Galbreath Inc.
- Pak-Mor Ltd.
- Dempster Industries Inc.
- Dennis Eagle Ltd.
- Translift Pty. Ltd.
- Truck Tech Engineers Pvt. Ltd.
- Oshkosh Corporation
- Volvo Group
- Scania AB
- Daimler AG
Garbage Truck Bodies Market Recent Developments
- In June 2022, Fulongma officially delivers the first batch of hydrogen-energy sanitation vehicles in Zhejiang Province
- With this delivery of hydrogen sanitation equipment as a new starting point, Fulongma will further deepen its cooperation with Zhoushan Liuyang in hydrogen sanitation equipment and smart city, contribute to the development goal of strength, vitality and charm
- In June 2021, three new models were revealed by McNeilus Truck and Manufacturing Inc. during Waste Expo, which was held in Las Vegas from June 28 to 30. There will be demonstrations of the brand-new Zero Radius Automated Side Loader, CartSeeker Curbside Automation, and Metro Pak Plus Rear Loader.
Global Garbage Truck Bodies Key Market Trends
- To cut emissions, many sanitation agencies and waste management companies test or purchase electric garbage truck bodies. Since electric garbage trucks are quieter, noise pollution is also decreased. For instance, in 2019, the California-based garbage management company GreenWaste added a first-generation electric waste truck from BYD to their fleet. Utilizing this truck annually saves 78 metric tonnes of CO2 equivalent and approximately 6,000 gallons of diesel.
- Within the next five years, GreenWaste intends to replace all of the residential garbage trucks in its fleet with electric ones. Therefore, electrifying garbage trucks is a trend that will likely lead to market expansion.
Global Garbage Truck Bodies Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Garbage Truck Bodies Market Analysis, in terms of Product, the rear loaders segment held the largest market share. In terms of Application, Urban garbage treatment has dominated the market in 2021. Among the regions, Asia Pacific has exhibited substantial growth in the global market. Garbage collection truck manufacturers are also concentrating on introducing a variety of technological advancements, such as enhancing efficiency by decreasing downtime and increasing the level of automation.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 14818.3 million |
| Market size value in 2031 | USD 26110.74 million |
| Growth Rate | 7.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Garbage Truck Bodies Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Garbage Truck Bodies Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Garbage Truck Bodies Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Garbage Truck Bodies Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Garbage Truck Bodies Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Garbage Truck Bodies Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Garbage Truck Bodies Market Report Snapshots
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