Garbage Trucks Market Outlook: Size, Share, Trends & Growth Analysis (2024-2029)
The market report provided a comprehensive analysis segmented by Type (Front Loader, Rear Loader, Side Loader); by Propulsion (Electric, Gasoline, Diesel); by Technology (Manual, Automatic, Semi-Automatic); by End User (Municipal, Industrial); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).
Market Dimensions & Growth Potential
- The garbage trucks market is estimated to be at USD 14,366.73 Mn in 2024 and is anticipated to reach USD 18,392.92 Mn in 2029.
- The garbage trucks market is registering a CAGR of 5.07% during the forecast period of 2024-2029.
- The market for garbage trucks is characterized by the continuous evolution of vehicle design and functionality, driven by the need for more efficient waste management solutions. Recent advancements include the incorporation of automated loading systems, which reduce the need for manual labor and increase collection efficiency.
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Competitive Landscape & Market Positioning in 2023
- The participants in the global garbage trucks industry are always developing their strategies to preserve a competitive advantage.
- These companies primarily use acquisitions, R&D, partnerships, and technological launches.
- Several important entities in the garbage trucks market include Fulongma Group Co., Ltd.; Dover Corp.; The Kirchhoff Group; Royal Terberg Group B.V.; McNeilus Companies, Inc.; and others.
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Report Objectives & Insights
| Attributes | Values |
| Historical Period | 2018-2022 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Market Size (2024) | USD 14,366.73 Mn |
| Market Size (2029) | USD 18,392.92 Mn |
| Growth Rate | 5.07% CAGR from 2024 to 2029 |
| Key Segments | Type (Front Loader, Rear Loader, Side Loader); Propulsion (Electric, Gasoline, Diesel); Technology (Manual, Automatic, Semi-Automatic); End User (Municipal, Industrial); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa) |
| Key Vendors | Fulongma Group Co., Ltd.; Dover Corp.; The Kirchhoff Group; Royal Terberg Group B.V.; McNeilus Companies, Inc. |
| Key Countries | The US; Canada; China; Japan; South Korea; The UK; Germany; France; UAE; Saudi Arabia |
| Largest Market | Asia Pacific |
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Market Trends & Future Outlook
- Focus on Vehicle Light weighting: Manufacturers are focusing on vehicle light weighting to improve fuel efficiency and reduce operational costs. The use of advanced materials like aluminum and composites is increasing. In 2023, Dennis Eagle introduced a new range of lightweight garbage trucks that reduce fuel consumption and increase payload capacity.
- Smart Waste Management Systems: The integration of IoT and smart technologies in garbage trucks is enhancing operational efficiency. In April 2023, Los Angeles implemented a smart waste management system with GPS-enabled garbage trucks, allowing real-time tracking and route optimization.
- Use of Compressed Natural Gas (CNG): The use of CNG as an alternative fuel source is rising due to its lower emissions compared to diesel. In March 2024, Paris transitioned a portion of its garbage truck fleet to CNG, reflecting a broader trend towards cleaner fuel alternatives in waste management.
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Key Market Influencers & Growth Drivers
- Environmental Regulations: Stringent environmental regulations aimed at reducing emissions and improving waste management are driving the demand for advanced garbage trucks. Governments are implementing stricter emission standards, encouraging the adoption of electric and CNG-powered vehicles.
- Urbanization and Population Growth: Rapid urbanization and population growth are leading to increased waste generation, necessitating efficient waste collection and management solutions. The growing need for urban cleanliness and public health is pushing municipalities to invest in modern garbage trucks.
- Government Investments: Increased government and municipal investments in public infrastructure, including waste management systems, are driving market growth. Funding for the modernization of waste collection fleets, especially in emerging economies, is a significant driver.
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Market Obstacles & Growth Barriers
- High Initial Costs: The high initial cost of purchasing advanced garbage trucks, especially electric and automated models, is a significant barrier for many municipalities and waste management companies. In 2023, a survey by the Healthcare Information and Management Systems Society (HIMSS) found that budget constraints were a major hindrance to adopting analytics solutions, limiting their ability to invest in necessary technologies.
- Regulatory Compliance: Navigating the complex landscape of environmental regulations can be challenging for manufacturers and operators. Compliance with varying emissions standards and waste management regulations across different regions adds to the operational complexity.
- Technological Integration: Integrating new technologies into existing fleets and ensuring that operators are adequately trained can be challenging. The adoption of automated and smart technologies requires investment in training and infrastructure upgrades, which can be resource intensive.
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Map Highlighting Key Region in 2023
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Table of Contents
| 1. Introduction |
|---|
| 1.1. Research Methodology |
| 1.2. Scope of the Study |
| 2. Market Overview / Executive Summary |
| 2.1. Global Garbage Trucks Market (2018 – 2022) |
| 2.2. Global Garbage Trucks Market (2023 – 2029) |
| 3. Market Segmentation |
| 3.1. Global Garbage Trucks Market by Type |
| 3.1.1. Front Loader |
| 3.1.2. Rear Loader |
| 3.1.3. Side Loader |
| 3.2. Global Garbage Trucks Market by Propulsion |
| 3.2.1. Electric |
| 3.2.2. Gasoline |
| 3.2.3. Diesel |
| 3.3. Global Garbage Trucks Market by Technology |
| 3.3.1. Manual |
| 3.3.2. Automatic |
| 3.3.3. Semi-Automatic |
| 3.4. Global Garbage Trucks Market by End User |
| 3.4.1. Municipal |
| 3.4.2. Industrial |
| 4. Regional Segmentation |
| 4.1. North America |
| 4.1.1. The US |
| 4.1.2. Canada |
| 4.1.3. Mexico |
| 4.2. South America |
| 4.2.1. Brazil |
| 4.2.2. Argentina |
| 4.2.3. Colombia |
| 4.2.4. Chile |
| 4.2.5. Rest of South America |
| 4.3. Asia Pacific |
| 4.3.1. China |
| 4.3.2. India |
| 4.3.3. Japan |
| 4.3.4. South Korea |
| 4.3.5. Rest of Asia Pacific |
| 4.4. Europe |
| 4.4.1. The UK |
| 4.4.2. Germany |
| 4.4.3. Italy |
| 4.4.4. France |
| 4.4.5. Spain |
| 4.4.6. Rest of Europe |
| 4.5. The Middle East |
| 4.5.1. Turkey |
| 4.5.2. UAE |
| 4.5.3. Saudi Arabia |
| 4.5.4. Rest of the Middle East |
| 4.6. Africa |
| 4.6.1. Egypt |
| 4.6.2. South Africa |
| 4.6.3. Rest of Africa |
| 5. Value Chain Analysis of the Global Garbage Trucks Market |
| 6. Porter Five Forces Analysis |
| 6.1. Threats of New Entrants |
| 6.2. Threats of Substitutes |
| 6.3. Bargaining Power of Buyers |
| 6.4. Bargaining Power of Suppliers |
| 6.5. Competition in the Industry |
| 7. Trends, Drivers and Challenges Analysis |
| 7.1. Market Trends |
| 7.1.1. Market Trend 1 |
| 7.1.2. Market Trend 2 |
| 7.1.3. Market Trend 3 |
| 7.2. Market Drivers |
| 7.2.1. Market Driver 1 |
| 7.2.2. Market Driver 2 |
| 7.2.3. Market Driver 3 |
| 7.3. Market Challenges |
| 7.3.1. Market Challenge 1 |
| 7.3.2. Market Challenge 2 |
| 7.3.3. Market Challenge 3 |
| 8. Opportunities Analysis |
| 8.1. Market Opportunity 1 |
| 8.2. Market Opportunity 2 |
| 8.3. Market Opportunity 3 |
| 9. Competitive Landscape |
| 9.1. Fulongma Group Co |
| 9.2. Dover Corp. |
| 9.3. The Kirchhoff Group |
| 9.4. Royal Terberg Group B.V. |
| 9.5. McNeilus Companies, Inc. |
| 9.6. Company 6 |
| 9.7. Company 7 |
| 9.8. Company 8 |
| 9.9. Company 9 |
| 9.10. Company 10 |
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Garbage Trucks Market – FAQs
What is the current size of the garbage trucks market?
In 2024, the garbage trucks market size is $14,366.73 Mn.
Who are the major vendors in the garbage trucks market?
The major vendors in the garbage trucks market are Fulongma Group Co., Ltd.; Dover Corp.; The Kirchhoff Group; Royal Terberg Group B.V.; McNeilus Companies, Inc.
Which segments are covered under the garbage trucks market segments analysis?
The garbage trucks market report offers in-depth insights into Type, Propulsion, Technology, End User, and Geography.