Waste or Garbage Collection Vehicle Market – Analysis by Size, Share, Growth & Forecast 2030 | UnivDatos

 

The Global Waste or Garbage Collection Vehicle Market, valued at USD 8 billion in 2022, is projected to grow at a Compound Annual Growth Rate (CAGR) of around 4% from 2023 to 2030. Garbage collection vehicles play a crucial role in waste disposal logistics within communities, equipped with mobile communication devices, alerts, and two-way radios to enhance their performance, capability, and safety. Factors contributing to the market's growth include increased urbanization, population growth, and the demand for electric garbage trucks.

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The garbage collection vehicle market is still in its early stages, with operations focused on the design, development, and production of such vehicles. Rising industrialization, infrastructure development in countries like China, India, and Brazil, and increased awareness of environmental and health hazards are expected to drive the global market.

Key players in the market include Heil, McNeilus Truck and Manufacturing, Labrie Group, Curbtender Sweepers, LLC, Geesink, Bridgeport Manufacturing, FAUN Umwelttechnik GmbH & Co. KG, Haul-All Equipment Ltd., Fratelli Mazzocchia Spa, and Nord Engineering s.p.a.

Insights from the report highlight that among loader types, the rear loader category is expected to expand during the forecast period. Rear-loading garbage trucks are commonly used for street trash collection, with an operational efficiency that stems from the compaction cycle, removing waste liquids and air, thus reducing landfill visits. The medium-duty segment holds the maximum market share in 2022 among vehicle types, favored for waste collection, delivery, and transportation tasks, especially in urban and suburban areas.

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The Asia-Pacific region dominates the waste or garbage collection vehicle market in 2022, driven by increasing government spending on initiatives for a clean environment and the creation of emission-free vehicles. The region's growing urbanization, implementation of smart cities, and concerns about health risks due to rising waste production contribute to the demand for waste collection vehicles. The surge in spending on sewage treatment infrastructure aligns with regulatory efforts to combat air pollution. Overall, the Asia-Pacific region presents significant opportunities for manufacturers in the waste or garbage collection vehicle market.

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