Garbage Truck Bodies Market Size & Share, by Product Type (Front Loaders, Side Loaders, Rear Loaders); Application (Residential Waste, Commercial Waste) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4473
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Garbage Truck Bodies Market size is projected to cross USD 8 billion by the end of 2033, growing at a CAGR of 5% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of garbage truck bodies was over USD 4 billion. The growth of the market can primarily be attributed to the increasing amount of waste generated worldwide. For instance, it is estimated that the global waste generation by 2050 to reach more than 3 billion tons.

Garbage was often disposed in close proximity of the habitat such as into sewers, on streets and in rivers. Since the invention and application of garbage trucks, disposal of the waste that we generate became more organized. The rising innovations in the garbage truck bodies in the recent time is the result of growing amount of waste generated each day and the changing characteristics of the waste generated. With the rising advancements towards smart cities, the demand for different types of garbage truck bodies is on the rise amongst the municipal corporations, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global garbage truck bodies market during the forecast period. It was found that, globally, the technology spending on smart city initiatives is projected to reach about USD 189 billion by 2023.


Garbage Truck Bodies Market
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Garbage Truck Bodies Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Amount of E-Waste – with changing nature of garbage, such as e-waste, the demand for various kind of garbage truck bodies is also increasing.  Rising amount of e-waste, such as TVs, computers and phones and others is expected to boost the garbage truck bodies in the projected period. E-waste is estimated to rise to more than 70 million tons by 2030.
  • Rising Solid Waste–Related Emissions – for instance, it is anticipated that the if no improvements are made in this sector, the solid waste-related emissions is estimated to rise to ~2.30 billion tons of CO2-equivalent per year by 2050.
  • Growing Global Population – which was found to be surged by ~2.5 billion people in the last 30 years, up till 2020.
  • Increasing Urbanization – for instance, in 2020, more than 75% population of the developed economies lived in cities which is expected to keep increasing.

Challenges

  • Stringent Regulatory Framework
  • Changing Characteristics of Waste Generated
  • High Cost of Maintenance

Garbage Truck Bodies Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2022)

~ USD 4 Billion

Forecast Year Market Size (2033)

~ USD 8 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Garbage Truck Bodies Segmentation

Product Type (Front Loaders, Side Loaders, Rear Loaders)

The global garbage truck bodies market is segmented and analyzed for demand and supply by product type into residential Waste and industrial waste. Amongst these segments, the commercial Waste segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing amount of waste generated from industries along with the surge in the paper & paperboard waste generated worldwide. For instance, out of ~290 million tons of waste generated in 2018, approximately 23% was contributed by paper & paperboard waste.

Our in-depth analysis of the global market includes the following segments:

     By Product Type

  • Front Loaders
  • Side Loaders
  • Rear Loaders

     By Application

  • Residential Waste
  • Commercial Waste

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Garbage Truck Bodies Industry - Regional Synopsis

Regionally, the global garbage truck bodies market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033, backed by the presence of a transportation network in the region, growing amount of waste generated, as well as the rising awareness amongst the populace about the ill effects of dumping wastes in close proximity. It was found that the East Asia and Pacific region is generated ~23% of world’s total waste in 2021.

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Garbage Truck Bodies Market Size
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Companies Dominating the Garbage Truck Bodies Landscape

top-features-companies
    • Boivin Evolution Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Dover Corporation
    • Oshkosh Corporation
    • Changsha Zoomlion Heavy Industry Science &Technology Development Co., Ltd.
    • Fulongma Group Co., Ltd.
    • Geeinknorba Group
    • Terberg RosRoca Group
    • Pak-Mor Ltd.
    • Labrie Environmental Group
    • Bridgeport Manufacturing

In-the-news

In The News

  • Dover Corporation - announced its complete acquisition of certain intellectual property from Boivin Evolution Inc. ("BEV"). The acquisition was related to electrically-powered refuse collection vehicle ("RCV") bodies.

  • McNeilus Truck and Manufacturing, Inc, (Oshkosh Corporation) - announced a partnership with SSAB in fossil-free steel applications for severe-duty commercial vehicles. McNeilus refuse collection vehicles was chosen as prototypes in manufacturing environmentally sustainable severe-duty vehicles.

Author Credits:  Harshita Srivastava, Saima Khursheed


  • Report ID: 4473
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing amount of waste generates as well as rising solid waste related emissions along with increasing population are some of the major factors anticipated to drive the growth of the market.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

Changing characteristics of types of waste generated as well as stringent regulatory framework are some of the factors estimated to hamper the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Dover Corporation, Changsha Zoomlion Heavy Industry Science &Technology Development Co., Ltd., Fulongma Group Co., Ltd., Boivin Evolution Inc., Oshkosh Corporation,and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product type, application, and by region.

The commercial waste segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Garbage Truck Bodies Market Report Scope
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