Global Garbage Truck Bodies Market
Global Garbage Truck Bodies Market Size Expanding to Reach USD 1.2 Billion by 2028
Published | 03 November 2022
Global Garbage Truck Bodies Market is flourishing owing to a high increase in the need for garbage trucks in efficient management and disposal of rapidly accumulating medical, construction, and urban waste across the countries, particularly in emerging economies.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the size of global garbage truck bodies market size to grow at a CAGR of 5.9% during the forecast period between 2022 and 2028 reaching a value of USD 1.18 billion by 2028. Population growth and urbanization have resulted in increased waste generation worldwide. According to the World Bank, global waste is expected to increase by 70% by 2050. This increase in the waste era has increased demand for garbage trucks. Rising concerns about effective waste management procedures, innovations in garbage collection trucks, increased construction activities, and rising cleanliness programs initiated by government agencies provide lucrative opportunities for global garbage truck bodies market to grow. On the other hand, low waste collection rates, particularly in lower-middle and low-income countries, could limit the growth of global garbage truck bodies market.
Global Garbage Truck Bodies Market – Overview
Garbage trucks are made specifically to gather small amounts of waste and transport the resulting accumulation of waste to a solid waste treatment facility. In the United States, this type of truck is also known as a dump truck and a trash truck, and in other countries, it is known as a rubbish truck, dustbin lorry, bin wagon, dustcart, bin lorry, and bin motor. Vehicles used to collect refuse and waste have technical names as well. These trucks are commonplace in most major cities. The demand for garbage trucks is rising because of the increased need for waste management on a global scale.
Garbage trucks have been playing a significant role in the disposal of waste since the 1890s. Before the invention of automobiles, garbage was frequently disposed of daily: piled in streets, dumped into sewers, and floated down rivers. Whatever one's lifestyle or habits are, the household generates a significant amount of garbage on a monthly, weekly, or even daily basis. To avoid the safety risks associated with excessive waste production, families must have access to dependable garbage pickup. As a result, garbage trucks are effectively used to solve this problem.
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Global Yacht Shell Doors Market – Technology Advancements
With growing concerns about effective waste management procedures, innovations in garbage collection trucks are increasing to make waste disposal and recycling easier. As a result, manufacturers are focusing on incorporating various technologies to improve the efficiency and productivity of their products. Garbage collection trucks are essential for industrial and residential applications' hygienic needs, as well as for recycling procedures. Garbage collection truck manufacturers are attempting to increase the carrying capacity of solid waste in these vehicles in response to growing concerns about fuel efficiency. As a result, manufacturers are putting more effort into making garbage collection trucks lighter so that they can carry more garbage. To increase the efficiency of garbage trucks and other technology advancements, such as extending working hours and reducing downtime, many garbage collection truck manufacturers are adopting this trend.
Global garbage truck bodies market has segments, such as Front Loaders, Side Loaders, and Rear Loaders based on by product; and Urban Garbage Treatment, Building & Mining Industry, and Others based on application. The urban garbage treatment segment is projected to dominate the global garbage trucks bodies market, accounting for most of the market share.
Impact of COVID-19 on Global Garbage Truck Bodies Market
Each of the countries affected by the COVID-19 pandemic experienced economic disruption. The increased production of bio-medical waste is being attributed to higher rates of patient detection and hospitalization. Garbage trucks are in higher demand as healthcare facilities generate more waste. The pandemic, on the other hand, had a particularly negative impact on front-line employees, such as cleaning staff. As a result, various governments raised the issue of improving worker safety. Automated trash collectors are being given more attention to significantly reduce waste management workers' exposure to COVID-19. As a result, truck body manufacturers make significant investments to improve the design of the truck body and prepare it for automation.
Prominent players in global garbage truck bodies market include Fujian Longma Environmental Sanitation Equipment Co. Ltd, McNeilus Truck and Manufacturing, Haul-All Equipment Ltd., New Way, Heil, Labrie Enviroquip Group, DENNIS EAGLE LTD, BYD Company Ltd., Curbtender Sweepers LLC, Kirchhoff Group, McNeilus, Labrie, EZ Pack, Bridgeport Truck Manufacturing Inc, Curbtender, Pak-Mor, Cheng Li, ZOOMLION, and China National Heavy Duty Truck Group Co., Ltd. (CNHTC). These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in global garbage trucks bodies market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Garbage Truck Bodies Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Garbage Truck Bodies Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Garbage Truck Bodies Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Product (Front Loaders, Side Loaders, Rear Loaders); By Application (Urban Garbage Treatment, Building & Mining Industry, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Publish Date: November 2022
Rising accumulation of waste due to rapid urbanization and population growth, increasing connectivity demand, and growing emphasis on alternative fuels and vehicle electrification could drive the expansion of Global Garbage Truck Bodies Market during the forecast period between 2022 and 2028.
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