This Garbage Collection Truck market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The garbage collection truck market size has grown strongly in recent years. It will grow from $13.23 billion in 2023 to $14.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth observed during the historic period can be attributed to several factors, including increased urbanization, population growth, environmental regulations, economic development, infrastructure expansion, enhanced waste segregation, and greater private sector involvement.
The garbage collection truck market size is expected to reach strong growth in the next few years. It will grow to $18.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth during the forecast period can be attributed to several factors, including the increasing adoption of smart city initiatives, a rise in municipal solid waste generation, growing consumer awareness of the harmful effects of open dumping, heightened public concern about sustainability, and increasing automation across various industrial sectors. Key trends expected during this period include the integration of smart waste management systems, modernization of garbage truck fleets with connectivity, telematics integration, development of more efficient and cost-effective garbage truck models, and the incorporation of technological advancements.
The increasing generation of municipal solid waste is anticipated to drive growth in the garbage collection truck market. Municipal solid waste encompasses the daily waste produced by households, businesses, and institutions within municipalities, including food waste, paper, plastics, and yard trimmings. This rise in waste generation is attributed to population growth and urbanization, which are leading to higher waste concentrations in cities and increased overall waste production. Garbage collection trucks play a vital role in managing this waste by efficiently collecting, transporting, and disposing of it, thereby ensuring cleanliness and supporting effective waste management. For example, in February 2024, the United Nations Environment Programme reported a sharp increase in global municipal solid waste generation, with estimates showing a rise from 2.1 billion metric tons in 2023 to 3.8 billion metric tons by 2050. This growing waste production is expected to further drive the demand for garbage collection trucks.
Leading companies in the garbage collection truck market are increasingly focusing on innovation, particularly the development of hydrogen-powered waste collection vehicles to reduce emissions and promote environmental sustainability. These hydrogen-powered trucks use fuel cells to generate electricity, producing only water vapor as emissions, and present a cleaner alternative to traditional diesel-powered vehicles. For instance, in September 2022, PreZero Nederland, a Netherlands-based waste and recycling management company, introduced a hydrogen-powered waste collection truck as part of the HECTOR project in North-West Europe. This truck operates with zero harmful emissions and can refuel with up to fifteen kilos of hydrogen, enabling it to run for two days while collecting waste from underground containers. This launch reflects PreZero's commitment to reducing CO2 emissions in waste management and aligns with European environmental regulations aimed at minimizing emissions. The HECTOR project seeks to gather data on the real-world performance of hydrogen vehicles, which will guide future decisions on sustainable waste collection practices in the Netherlands.
In April 2022, Dover Corporation, a US-based manufacturer of industrial equipment and technology solutions, acquired specific intellectual property from Boivin Evolution Inc. for an undisclosed sum. This acquisition is intended to bolster Dover's capabilities in the automation and robotics sector, thereby expanding its product offerings and market presence. Boivin Evolution Inc., based in Canada, is a technology and manufacturing company that focuses on designing and producing innovative equipment for garbage collection trucks.
Major companies operating in the garbage collection truck market are Volvo Truck Corporation, Isuzu Motors Limited, Hino Motors Ltd., Mitsubishi Fuso Truck and Bus Corporation, Terex Corporation, Heil Environmental Industries Ltd., Mack Trucks Inc., Peterbilt Motors Company, Wastequip LLC, Bucher Municipal AG, International Truck and Engine Corporation, Freightliner Trucks, Autocar LLC, McNeilus Companies Inc., New Way Trucks Inc., Avery Weigh-Tronix LLC, TerraCycle Inc., AMREP Inc., Sullivan-Palatek Inc., Curbtender Inc., RDK Truck Sales Inc.
North America was the largest region in the garbage collection truck market in 2023. The regions covered in the garbage collection truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the garbage collection truck market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A garbage collection truck is a specialized vehicle used for collecting, transporting, and disposing of waste materials from residential, commercial, and industrial areas. These trucks come equipped with mechanisms for loading, compacting, and unloading waste, which improves the efficiency of waste management operations.
The main types of garbage collection trucks include front loaders, rear loaders, and side loaders. Front loaders are designed to provide efficient waste collection and disposal. They can be operated using various technologies, such as semi-automatic, automatic, and other systems, to cater to different end users, including municipal waste, industrial waste, and other waste management needs.
The garbage collection truck market research report is one of a series of new reports that provides garbage collection truck market statistics, including garbage collection truck industry global market size, regional shares, competitors with a garbage collection truck market share, detailed garbage collection truck market segments, market trends and opportunities, and any further data you may need to thrive in the garbage collection truck industry. This garbage collection truck market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The garbage collection truck market consists of sales of roll-off trucks, grapple garbage trucks, split-body trucks, and automated side loader (ASL) garbage trucks. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The garbage collection truck market size has grown strongly in recent years. It will grow from $13.23 billion in 2023 to $14.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth observed during the historic period can be attributed to several factors, including increased urbanization, population growth, environmental regulations, economic development, infrastructure expansion, enhanced waste segregation, and greater private sector involvement.
The garbage collection truck market size is expected to reach strong growth in the next few years. It will grow to $18.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth during the forecast period can be attributed to several factors, including the increasing adoption of smart city initiatives, a rise in municipal solid waste generation, growing consumer awareness of the harmful effects of open dumping, heightened public concern about sustainability, and increasing automation across various industrial sectors. Key trends expected during this period include the integration of smart waste management systems, modernization of garbage truck fleets with connectivity, telematics integration, development of more efficient and cost-effective garbage truck models, and the incorporation of technological advancements.
The increasing generation of municipal solid waste is anticipated to drive growth in the garbage collection truck market. Municipal solid waste encompasses the daily waste produced by households, businesses, and institutions within municipalities, including food waste, paper, plastics, and yard trimmings. This rise in waste generation is attributed to population growth and urbanization, which are leading to higher waste concentrations in cities and increased overall waste production. Garbage collection trucks play a vital role in managing this waste by efficiently collecting, transporting, and disposing of it, thereby ensuring cleanliness and supporting effective waste management. For example, in February 2024, the United Nations Environment Programme reported a sharp increase in global municipal solid waste generation, with estimates showing a rise from 2.1 billion metric tons in 2023 to 3.8 billion metric tons by 2050. This growing waste production is expected to further drive the demand for garbage collection trucks.
Leading companies in the garbage collection truck market are increasingly focusing on innovation, particularly the development of hydrogen-powered waste collection vehicles to reduce emissions and promote environmental sustainability. These hydrogen-powered trucks use fuel cells to generate electricity, producing only water vapor as emissions, and present a cleaner alternative to traditional diesel-powered vehicles. For instance, in September 2022, PreZero Nederland, a Netherlands-based waste and recycling management company, introduced a hydrogen-powered waste collection truck as part of the HECTOR project in North-West Europe. This truck operates with zero harmful emissions and can refuel with up to fifteen kilos of hydrogen, enabling it to run for two days while collecting waste from underground containers. This launch reflects PreZero's commitment to reducing CO2 emissions in waste management and aligns with European environmental regulations aimed at minimizing emissions. The HECTOR project seeks to gather data on the real-world performance of hydrogen vehicles, which will guide future decisions on sustainable waste collection practices in the Netherlands.
In April 2022, Dover Corporation, a US-based manufacturer of industrial equipment and technology solutions, acquired specific intellectual property from Boivin Evolution Inc. for an undisclosed sum. This acquisition is intended to bolster Dover's capabilities in the automation and robotics sector, thereby expanding its product offerings and market presence. Boivin Evolution Inc., based in Canada, is a technology and manufacturing company that focuses on designing and producing innovative equipment for garbage collection trucks.
Major companies operating in the garbage collection truck market are Volvo Truck Corporation, Isuzu Motors Limited, Hino Motors Ltd., Mitsubishi Fuso Truck and Bus Corporation, Terex Corporation, Heil Environmental Industries Ltd., Mack Trucks Inc., Peterbilt Motors Company, Wastequip LLC, Bucher Municipal AG, International Truck and Engine Corporation, Freightliner Trucks, Autocar LLC, McNeilus Companies Inc., New Way Trucks Inc., Avery Weigh-Tronix LLC, TerraCycle Inc., AMREP Inc., Sullivan-Palatek Inc., Curbtender Inc., RDK Truck Sales Inc.
North America was the largest region in the garbage collection truck market in 2023. The regions covered in the garbage collection truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the garbage collection truck market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A garbage collection truck is a specialized vehicle used for collecting, transporting, and disposing of waste materials from residential, commercial, and industrial areas. These trucks come equipped with mechanisms for loading, compacting, and unloading waste, which improves the efficiency of waste management operations.
The main types of garbage collection trucks include front loaders, rear loaders, and side loaders. Front loaders are designed to provide efficient waste collection and disposal. They can be operated using various technologies, such as semi-automatic, automatic, and other systems, to cater to different end users, including municipal waste, industrial waste, and other waste management needs.
The garbage collection truck market research report is one of a series of new reports that provides garbage collection truck market statistics, including garbage collection truck industry global market size, regional shares, competitors with a garbage collection truck market share, detailed garbage collection truck market segments, market trends and opportunities, and any further data you may need to thrive in the garbage collection truck industry. This garbage collection truck market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The garbage collection truck market consists of sales of roll-off trucks, grapple garbage trucks, split-body trucks, and automated side loader (ASL) garbage trucks. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Garbage Collection Truck Market Characteristics3. Garbage Collection Truck Market Trends and Strategies32. Global Garbage Collection Truck Market Competitive Benchmarking33. Global Garbage Collection Truck Market Competitive Dashboard34. Key Mergers and Acquisitions in the Garbage Collection Truck Market
4. Garbage Collection Truck Market - Macro Economic Scenario
5. Global Garbage Collection Truck Market Size and Growth
6. Garbage Collection Truck Market Segmentation
7. Garbage Collection Truck Market Regional and Country Analysis
8. Asia-Pacific Garbage Collection Truck Market
9. China Garbage Collection Truck Market
10. India Garbage Collection Truck Market
11. Japan Garbage Collection Truck Market
12. Australia Garbage Collection Truck Market
13. Indonesia Garbage Collection Truck Market
14. South Korea Garbage Collection Truck Market
15. Western Europe Garbage Collection Truck Market
16. UK Garbage Collection Truck Market
17. Germany Garbage Collection Truck Market
18. France Garbage Collection Truck Market
19. Italy Garbage Collection Truck Market
20. Spain Garbage Collection Truck Market
21. Eastern Europe Garbage Collection Truck Market
22. Russia Garbage Collection Truck Market
23. North America Garbage Collection Truck Market
24. USA Garbage Collection Truck Market
25. Canada Garbage Collection Truck Market
26. South America Garbage Collection Truck Market
27. Brazil Garbage Collection Truck Market
28. Middle East Garbage Collection Truck Market
29. Africa Garbage Collection Truck Market
30. Garbage Collection Truck Market Competitive Landscape and Company Profiles
31. Garbage Collection Truck Market Other Major and Innovative Companies
35. Garbage Collection Truck Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Garbage Collection Truck Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on garbage collection truck market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
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- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for garbage collection truck? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The garbage collection truck market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Front Loaders; Rear Loaders; Side Loaders2) By Technology: Semi-Automatic; Automatic; Other Technologies
3) By End Use: Municipal Garbage; Industrial Garbage; Other End Uses
Key Companies Mentioned: Volvo Truck Corporation; Isuzu Motors Limited; Hino Motors Ltd.; Mitsubishi Fuso Truck and Bus Corporation; Terex Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Garbage Collection Truck market report include:- Volvo Truck Corporation
- Isuzu Motors Limited
- Hino Motors Ltd.
- Mitsubishi Fuso Truck and Bus Corporation
- Terex Corporation
- Heil Environmental Industries Ltd.
- Mack Trucks Inc.
- Peterbilt Motors Company
- Wastequip LLC
- Bucher Municipal AG
- International Truck and Engine Corporation
- Freightliner Trucks
- Autocar LLC
- McNeilus Companies Inc.
- New Way Trucks Inc.
- Avery Weigh-Tronix LLC
- TerraCycle Inc.
- AMREP Inc.
- Sullivan-Palatek Inc.
- Curbtender Inc.
- RDK Truck Sales Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | December 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 14.17 Billion |
Forecasted Market Value ( USD | $ 18.86 Billion |
Compound Annual Growth Rate | 7.4% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |