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Waste or Garbage Collection Vehicle Market Size & Share, by Type (Light, Medium, Heavy-Duty Vehicle); Loader Type (Front, Rear, Side Loader); Application (Industry, Urban Garbage Treatment, Building, Mining) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 3377
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Waste or Garbage Collection Vehicle Market size was over USD 9.79 billion in 2024 and is poised to exceed USD 17.14 billion by 2037, growing at over 4.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of waste or garbage collection vehicle is evaluated at USD 10.16 billion.

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 waste or garbage collection vehicle 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.

Global-Waste-or-Garbage-Collection-Vehicle-Market-Overview
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Growth Drivers

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

Challenges

  • High Cost of Waste Collection Vehicles

Waste or Garbage Collection Vehicle Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

4.4%

Base Year Market Size (2024)

USD 9.79 billion

Forecast Year Market Size (2037)

USD 17.14 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Waste or Garbage Collection Vehicle Segmentation

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.

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

 
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Waste or Garbage Collection Vehicle Industry - Regional Synopsis

APAC Market Statistics

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. AAsia Pacific industry is expected to hold largest revenue share by 2037, on the back of 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 waste or garbage collection vehicle 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.

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Companies Dominating the Waste or Garbage Collection Vehicle Landscape

    • 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.
  • Report ID: 3377
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of waste or garbage collection vehicle is evaluated at USD 10.16 billion.

Waste or Garbage Collection Vehicle Market size was over USD 9.79 billion in 2024 and is poised to exceed USD 17.14 billion by 2037, growing at over 4.4% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is expected to hold largest revenue share by 2037, on the back of 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.

The major players in the market are AMS Spa, AUTOCAR, LLC., AB NARPES TRA & METALL - NTM, FAUN Umwelttechnik GmbH & Co. KG, and others.

Waste or Garbage Collection Vehicle Market Report Scope

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