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Waste or Garbage Collection Vehicle Market Segmentation by Type (Light, Medium, and Heavy-Duty Vehicle); by Loader Type (Front, Rear, and Side Loader); by Application (Industry, Urban Garbage Treatment, and Building and Mining) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Waste or Garbage Collection Vehicle Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • January 20, 2016: Autocar, LLC launched its E3 hybrid garbage trucks in the city of Lexington. These trucks are designed to save 35 percent of city’s total fuel consumption, along with decreasing emissions by about 44 percent.

Global Waste or Garbage Collection Vehicle Market Highlights 2022 – 2030

The global waste or garbage collection vehicle market is estimated to garner a hefty amount of revenue by growing at a CAGR of ~4% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the escalating amount of waste, growing concerns associated with effective plastic waste management, increasing advancements to enhance the performance of garbage collection trucks, and rising automation in several industrial verticals around the world. According to the World Bank, the world generates around 2.01 billion tons of municipal solid waste every year, with at least 33 percent of that not managed in an eco-friendly manner. The total amount of global waste is calculated to rise up to 3.4 billion tons by 2050. Along with these, over the last few years, the world has witnessed a hike in demand for electric vehicles, which has led to the development of electric garbage collection vehicle technology, expected to offer abundant growth opportunities to the market in the upcoming years. Furthermore, rise in collaborations with university students in developed nations to improve garbage truck designs is also projected to drive market growth in the near future.

Waste or Garbage Collection Vehicle Market

The market is segmented by vehicle type into light, medium, and heavy-duty vehicle, out of which, the medium-duty vehicle segment is anticipated to hold the largest share in the global waste or garbage collection vehicle market on account of the high usage of these trucks for the pickup, delivery, small dumps and lighter garbage truck applications. Additionally, on the basis of application, the segment for urban garbage treatment is predicted to grab the largest share during the forecast period, which can be credited to the rapid increase in the urban population around the world, and thus in the total waste generated by these people. Another statistic by the World Bank depicts that in 2020, 56.15 percent of total world population lived in urban areas, up from 55.714 percent in 2019. Apart from this, rising focus of manufacturers to enhance the process of garbage collection in urban areas is also assessed to boost the growth of the market segment in the years to come. CLICK TO DOWNLOAD SAMPLE REPORT

Global Waste or Garbage Collection Vehicle Market Regional Synopsis

On the basis of geographical analysis, the global waste or garbage collection vehicle market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the high population of the region, growing number of efforts to improve municipal waste sorting performance in countries, namely China, India, Singapore and Australia, and increasing development of control rooms to help track waste collection vehicles. As per the United Nations Population Fund Association, Asia pacific is the home to 60 percent of people in the world, i.e., a total of 4.3 billion people.  Moreover, the market in North America is assessed to occupy the largest share during the forecast period owing to the rising investments by major waste collection companies to incorporate technological advancements in their product portfolio, and surge in demand for hybrid vehicles in the region.

The global waste or garbage collection vehicle market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global waste or garbage collection vehicle market includes the following segments:

By Type

  • Light-Duty Vehicle
  • Medium-Duty Vehicle
  • Heavy-Duty Vehicle

By Loader Type

  • Front Loader
  • Rear Loader
  • Side Loader

By Application

  • Industry
  • Urban Garbage Treatment
  • Building and Mining

Growth Drivers

  • Rising Concerns Regarding Effective Waste Management
  • Growing Automation in Industry Verticals Globally

Challenges

  • High Cost of Waste Collection Vehicles

Top Featured Companies Dominating the Market

  • AMS Spa
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • AUTOCAR, LLC.
  • AB NARPES TRA & METALL – NTM
  • FAUN Umwelttechnik GmbH & Co. KG
  • Fratelli Mazzocchia Spa
  • GEP ECOTECH CO., LTD.
  • EcoZeta S.r.l.
  • Environmental Solutions Group
  • EOW INTERNATIONAL COLLABORATION & MANUFACTURING LLC
  • Nord Engineering s.r.l.

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