Product ID: SQSG20V2001
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.
Global Garbage Truck Bodies Market Report Snapshots
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