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The garbage truck market size is estimated to grow at a CAGR of 5.26% between 2023 and 2028. The market size is forecast to increase by USD 4.63 billion. The growth of the market depends on several factors, such as the growing urbanization globally, the growing volume of industrial waste, and the stringent waste disposal regulations and government initiatives promoting environmental sustainability. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
The report offers extensive research analysis on the Garbage Truck Market, with a categorization based on Type, including rear loader, front loader, and side loader. It further segments the market by End-user, encompassing municipal and industrial. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
Garbage Truck Market Forecast 2024-2028
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Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
There is an increasing volume of industrial waste is generated due to several industrial activities. In addition, it comprises wastewater, solid waste, or air discharges. Industrial wastes are of two types, namely, biodegradable and non-biodegradable. Furthermore, industrial waste that can be decomposed into non-toxic substances is generated from the food processing industry, the dairy industry, and textile mills.
Moreover, non-biodegradable wastes refer to wastes that cannot be decomposed into non-poisonous substances. In addition, some non-biodegradable wastes include plastics, synthetic fibers, silver foil, and radioactive wastes. Furthermore, they are generated by iron and steel plants, the fertilizer industry, chemicals, drugs, and dyes. Therefore. non-biodegradable wastes can pollute the environment and harm living organisms. Hence, such factors are hindering market growth during the forecast period.
There is an increasing incorporation of automated systems and robotic technologies in garbage trucks to streamline waste collection and disposal processes. For instance, one notable example of ASL trucks equipped with robotic arms is the Heil DuraPack 5000.
Moreover, this garbage truck combines advanced automation with a robust design for efficient waste collection. In addition, the DuraPack 5000 features an integrated robotic arm, often referred to as an automated container lift (ACL) system. Furthermore, the robotic arm on the DuraPack 5000 is designed to grasp, lift, and empty waste containers into the truck's hopper with precision. Hence, such factors are positively impacting the marekt which in turn drives the market growth during the forecast period.
The infrastructure limitations pose significant challenges to effective waste management and garbage truck operations in many countries, such as least-developed countries (LDCs). In addition, one major issue is the absence of proper waste collection and disposal facilities. Furthermore, in LDCs, some regions lack designated areas for dumping or recycling, leading to indiscriminate dumping of waste in open spaces or water bodies.
Moreover, without a well-organized system, garbage trucks struggle to operate efficiently, and the overall cleanliness of the environment is compromised. In addition, the road infrastructure in LDCs is often substandard or poorly maintained. Furthermore, garbage trucks require reliable and well-maintained roads to navigate through urban and rural areas for waste collection. Therefore, inadequate roads can lead to increased wear and tear on vehicles, higher maintenance costs, and delays in waste collection services. Hence, such factors are hindering the marekt growth during the forecast period.
The rear loader segment is estimated to witness significant growth during the forecast period. The rear loaders segment features a sizable aperture at the back of the vehicle where a waste collector can discard waste bags or empty containers. In addition, certain cars are equipped with a lifting mechanism that allows big carts to be automatically emptied without the driver having to manually lift the trash. Furthermore, a dumpster that is designed to fit into a groove in the rear load truck is part of a rear loader system.
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The rear loader segment was the largest segment and was valued at USD 9.0 billion in 2018. Moreover, the trash container will be raised in this scenario by a chain or cable system on the truck. In addition, the waste spills out of the container and into the truck's hopper when it is upside down. Furthermore, in most contemporary garbage truck setups, the rear loader compacts the waste by moving a wall or shovel using a hydraulic mechanical system. In addition, the simplicity of their design makes rear loaders well-suited for navigating urban neighborhoods and narrow streets. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the end-user, the segment is classified into municipal and industrial. The municipal segment represents local governments and public entities tasked with the collection and disposal of household and community waste. In addition, this segment plays a crucial role in maintaining cleanliness and public health by implementing effective waste management systems. Moreover, garbage trucks designed for municipal use are geared toward the collection of residential waste, facilitating routine curbside pickups, and managing waste generated in public areas. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 39% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. One of the main factors that are contributing to the market growth in APAC is the rapid urbanization and population growth, especially in China and India. In addition, China, with its status as the world's most populous country, is grappling with substantial waste management challenges, propelling the adoption of advanced garbage truck technologies to meet the burgeoning demand. Moreover, India, characterized by a burgeoning population and expanding urban areas, is making substantial investments in waste management infrastructure, presenting significant opportunities for the regional garbage truck market. Hence, such factors are driving the marekt growth in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AB Volvo: The company offers garbage truck products such as Mack LR Model is a versatile, low entry refuse truck, under the subsidiary of Mack Trucks Inc.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Autocar LLC, Battle Motors, Bridgeport Manufacturing, Curbtender Sweepers LLC, Dongfeng Motor Group Co. Ltd., EL Industries International, EZ Pack, FULONGMA GROUP Co. Ltd., Haul All Equipment Ltd., Heil An Environmental Solutions Group Co., Hyundai Motor Co., Hyzon Motors, KIRCHHOFF Group, Labrie Environmental Group, McNeilus Truck and Manufacturing Inc., Mitsubishi Motors Corp., New Way Refuse Trucks, PACCAR Inc., Porsche Automobil Holding SE, Shandong Wuzheng Group Co. Ltd., Terberg RosRoca Group, Wastequip LLC, Xuzhou Construction Machinery Group Co. Ltd., and BYD Co. Ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The garbage truck market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Garbage Truck Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.26% |
Market Growth 2024-2028 |
USD 4.63 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.0 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AB Volvo, Autocar LLC, Battle Motors, Bridgeport Manufacturing, Curbtender Sweepers LLC, Dongfeng Motor Group Co. Ltd., EL Industries International, EZ Pack, FULONGMA GROUP Co. Ltd., Haul All Equipment Ltd., Heil An Environmental Solutions Group Co., Hyundai Motor Co., Hyzon Motors, KIRCHHOFF Group, Labrie Environmental Group, McNeilus Truck and Manufacturing Inc., Mitsubishi Motors Corp., New Way Refuse Trucks, PACCAR Inc., Porsche Automobil Holding SE, Shandong Wuzheng Group Co. Ltd., Terberg RosRoca Group, Wastequip LLC, Xuzhou Construction Machinery Group Co. Ltd., and BYD Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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