Garbage Truck Bodies Market Share, Size, Trends, Industry Analysis Report, By Product Type (Front Loaders, Rear Loaders, and Side Loaders); By Technology; By Application; By Region; Segment Forecast, 2024 – 2032
- Published Date:Jan-2024
- Pages: 118
- Format: PDF
- Report ID: PM4199
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global garbage truck bodies market was valued at USD 4.51 billion in 2023 and is expected to grow at a CAGR of 5.2% during the forecast period.
The rapid increase in the rate of urbanization and industrialization across both developed and developing economies that led to higher amount of waste and garbage generated and growing emphasis on the importance of efficient and effective waste and garbage management services worldwide, are the leading factors fostering the demand and adoption of garbage truck bodies globally.
To Understand More About this Research: Request a Free Sample Report
- For instance, according to a report published by United Nations, about 55% of world’s total population are currently living in urban areas, that is projected to increase to 68% of total population by 2050. It is estimated that world’s population could add 2.5 billion more people to urban areas with majority from Asia and Africa.
Moreover, there is a greater penetration among companies towards developing new and more advanced garbage collection truck technologies which could help to make waste disposable and recycling more efficient and easier. As a result, several manufacturers are introducing new products with enhanced capabilities and also incorporating various technologies in order to boost efficiency and productivity, that could open up new growth avenues for the market in the near future.
- For instance, in August 2023, SANY Engineering, introduces a new intelligent dump trucks that aims to provide various more advanced features, higher efficiency, greater power output, enhanced driving experience, and lower environmental impact.
However, the inefficient waste collection rates particularly in low- and middle-income countries and high costs associated with the purchasing of technologically advanced garbage truck bodies that could be a barrier for its adoption and can be major restraints of its market growth over the coming years.
Industry Dynamics
Growth Drivers
Continuous expansion of global population and adoption of IoTs in refuse trucks is spurring its market growth
In the recent years, there has been a significant increase in the global population especially in urban regions that resulted in drastic surge in waste generation and boosted the demand for efficient garbage trucks, which is the primary factor influencing its market growth. In addition, with the growing inclination towards the integration of several advanced vehicle data collection software to improve the accuracy of garbage collection operations and emerging trend for the adoption of smart vehicle tracking software, the market for garbage truck bodies will bode well in the coming years.
- For instance, in July 2023, Heil, introduced its newly developed fully-electric automated garbage truck that offers range of powerful features including greater sustainability, performance, range, and chassis options. It is designed with a mission of revolutionizing the refuse collection and consists of 100% electric arm and auger compactor.
Report Segmentation
The market is primarily segmented based on product type, technology, application, and region.
|
By Product Type |
By Technology |
By Application |
By Region |
|
|
|
|
To Understand the Scope of this Report: Speak to Analyst
By Product Type Analysis
Rear loaders segment accounted for the largest market share in 2023
The rear loaders segment accounted for the largest market. The growth of the segment market is highly attributable to its versatile design and features which allow them to adapt to various types of technological advancements and could provide better work efficiency with cost savings. Apart from this, there is a significant number of rear loader trucks being used in the market because of their ability to provide a budget-wise option for both private companies and public entities without compromising to performance and reliability, thereby, boosting the segment market growth over the years.
The front loaders segment is expected to exhibit highest growth rate over the course of study period, mainly due to their high productivity as compared to other loaders available in the market that enable waste management companies to cover more distance in less time while maintaining the efficiency in collecting larger garbage volumes.
By Technology Analysis
Automatic segment expected to hold significant market share
The automatic segment expected to hold significant market revenue share over the anticipated period, that is mainly driven by numerous benefits and advantageous associated with automated loader garbage tucks such as need of a single operator, eliminates common injuries that are often associated with manual disposal, and reducing the risk of work-related fatalities.
Beside this, automated garbage trucks are also gaining huge traction across the globe due to capabilities to adapt for non-linear streets like those in the shape of a curve and circular pattern that makes it easier to serve even areas that were not possible previously.
By Application Analysis
Urban garbage treatment segment is expected to witness highest growth
The urban garbage treatment segment is expected to gain substantial growth rate during the forecast period, on account of constant rise in global urban population resulting in greater need for efficient waste management services and development of residential projects that has been fueling the demand for these trucks in urban areas. Additionally, rising awareness among the public regarding the importance of proper waste disposal systems and investments in innovated garbage trucks and garbage treatment solutions, is likely to drive the segment market growth.
The building & mining industry segment is projected to gain substantial growth rate over the forecast period, owing to increase in environmental concerns about mining waste management and proliferation for the automation of critical activities in garbage management services.
Regional Insights
Asia Pacific region dominated the global market in 2023
The Asia Pacific region dominated the global market. The regional market growth is highly attributable to significant expansion of infrastructure and growth in region’s population base along with the rising focus on implementing different strategies and favorable initiatives for the collection of waste and disposal of garbage products. In addition, there has been a drastic increase in the manufacturing of municipal solid trash across nations and adoption of solid waste management practices, that creates substantial demand for advanced garbage truck bodies in the region.
The North America region is anticipated to register highest growth rate over the coming years, owing to increased awareness about the importance of proper and efficient waste management practices among individuals and growing deployment of electric garbage trucks coupled with the continuous surge in pollution standards in the region. Moreover, several companies in the region are heavily investing in research & development activities to create new products with enhanced capabilities and features to meet emerging market needs and requirements.
Key Market Players & Competitive Insights
The garbage truck bodies market is highly competitive in nature with the presence of numerous rivals in the global market. Several leading market companies are extensively focusing on different types of business expansion and development strategies including mergers and acquisitions, strategic alliances, collaborations, partnerships, and new product launches, to expand their geographical presence and boost their customer base.
Some of the major players operating in the global market include:
- Battle Motors
- Bridgeport Manufacturing Inc.
- BYD Company Ltd.
- Curbtender Inc.
- Dennies Eagle Ltd.
- EI Industries International Florida
- EZ Pack Holding Ltd.
- Fujian Longma Environmental Sanitation Equipment Co. Ltd.
- Haul-All Equipment Ltd.
- Heil
- Labrie Enviroquip Group
- Mack Trucks
- McNeilus Truck and Manufacturing
- New Way
Recent Developments
- In February 2023, Republic Services, introduced new fully integrated recycling and refuse truck prototypes that expands company’s electric truck fleet. The newly introduced trucks will leverage company’s leadership in environmental services and also Oshkosh’s experience with heavy-duty electric vehicles.
- In November 2021, Amrep, unveiled its new rear load reduce truck that is equipped with Hardox AR500 & AR450 steel body, that includes several benefits such as the ear load design to combat harsh weather & less maintenance required. It also allows haulers to easily receive parts, service, maintenance, and repair through the Wastequip WRX & Wastebuilt.
Garbage Truck Bodies Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2024 |
USD 4.74 billion |
|
Revenue forecast in 2032 |
USD 7.13 billion |
|
CAGR |
5.2% from 2024 – 2032 |
|
Base year |
2023 |
|
Historical data |
2019 – 2022 |
|
Forecast period |
2024 – 2032 |
|
Quantitative units |
Revenue in USD million/billion and CAGR from 2024 to 2032 |
|
Segments covered |
By Product Type, By Technology, By Application, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
|
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
Explore the market dynamics of the 2024 Garbage Truck Bodies Market market share, size, and revenue growth rate, meticulously examined in the insightful reports crafted by Polaris Market Rersearch Industry Reports. The analysis of Garbage Truck Bodies Market extends to a comprehensive market forecast up to 2032, coupled with a retrospective examination. Avail yourself of a complimentary PDF download to sample this in-depth industry analysis.
Browse for Our Top Selling Reports
Latin America Industrial Pumps Market Size & Share
Automotive Brake System Market Size & Share
FAQ's
BYD Company, EZ Pack Holding, Dennies Eagle are key companies in Garbage Truck Bodies Market.
The global garbage truck bodies market is expected to grow at a CAGR of 5.2% during the forecast period.
Product type, technology, application, and region are key segments covered.
Rising Awareness of Waste Management are the key driving factors in Garbage Truck Bodies Market.
The global garbage truck bodies market size is expected to reach USD 7.13 billion by 2032
© 2024 Polaris Market Research and Consulting. All rights reserved
