(MENAFN- Ameliorate Digital Consultancy)
A garbage truck, also known as a refuse truck, is a specialized vehicle used for collecting and transporting the solid waste, typically from residential and commercial areas, to a waste treatment facility or landfill. Garbage trucks come in different sizes and designs, but most have a large compactor or shredder at the rear of the truck that compresses the waste to maximize the amount that can be carried. As the world becomes more environmentally conscious, the demand for advanced and efficient garbage trucks will continue to grow. Governments worldwide are implementing stringent regulations on waste management and disposal to reduce the environmental impact of waste. For instance, the European Union has set targets to reduce waste generation, increase recycling rates, and reduce landfilling. Such regulations have spurred the demand for advanced and more efficient garbage trucks that can handle and dispose of waste in an environmentally friendly manner
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The garbage truck market is expected to grow at a steady rate of around 5% owing to the economic growth in many countries leading to an increase in consumer spending and, as a result, more waste being generated. This is driving the demand for larger and more efficient garbage trucks. Major companies in the market garbage truck with technologically advanced features. For instance, Mack LR Electric was launched in 2021 by Mack Trucks, a subsidiary of the Volvo Group. This garbage truck is powered entirely by electricity, making it an environmentally friendly option for waste collection.
According to UnivDatos Market Insights (UMI)' research report“Global Garbage Truck Vehicle Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the rise in the need for waste management worldwide .
Based on propulsion, the market is categorized into gasoline, diesel, and electric. The diesel category of the garbage truck market has a significant market share due to various factors such as diesel engines being more fuel-efficient than gasoline engines. Garbage trucks need a lot of power to carry heavy loads and stop and start frequently during their routes. Diesel engines provide the necessary torque and power, making them more suitable for garbage trucks than gasoline engines. Additionally, Diesel engines have a longer lifespan than gasoline engines. Garbage trucks operate for long hours and cover many miles, and diesel engines are designed to last longer and require less maintenance than gasoline engines.
On the basis of end users, the market is categorized into municipal garbage, industrial garbage and others. Among these, the industrial garbage category holds a significant growth rate in the upcoming forecast period. This is mainly due to the expansion of industrialization in many countries, and the amount of industrial waste generated is also increasing. This creates a demand for garbage trucks designed to handle and transport large amounts of industrial waste. Moreover, many governments have implemented regulations requiring industries to properly dispose of their waste. This has created a need for specialized garbage trucks that can handle the hazardous and non-hazardous industrial waste.
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APAC held a significant share of the market in 2021
For a better understanding of the market adoption of the garbage truck industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia Pacific region has significant growth in the global garbage truck market due to various factors. One of the key driving factors is the rapid urbanization and population growth in this region, leading to a significant increase in the amount of waste generated. As more people move to cities and urban areas, there is a greater need for waste management services, including garbage collection and disposal. Additionally, there has been an increasing focus on environmental sustainability and waste management practices in the Asia Pacific region. Governments and businesses are investing heavily in improving waste collection and disposal methods, and this has led to a growing demand for more efficient and effective garbage trucks. Furthermore, there is a growing awareness among consumers and businesses about the need to reduce waste and recycle more, which has further fueled the demand for better waste management solutions.
According to UnivDatos Market Insights (UMI)', the key players with a considerable market share in the Garbage Truck Vehicle market are Curbtender Sweepers, LLC, Dongfeng Motor Company, Environmental Solutions Group, E-Z Pac, FAUN Umwelttechnik GmbH & Co. KG, FULONGMA GROUP Co., Ltd., Geesinknorba., Labrie Group, Royal Terberg Group, and Zoomlion Heavy Industry Science & Technology Co., Ltd.
“Global Garbage Truck Vehicle Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
By Propulsion (Gasoline, Diesel, and Electric) By Product (2WD, 4WD, and AWD) By End Users (Municipal Garbage , Industrial Garbage and Others ) By Region (North America, Europe, Asia-Pacific, Rest of the World) By Company (Curbtender Sweepers, LLC, Dongfeng Motor Company, Environmental Solutions Group, E-Z Pac, FAUN Umwelttechnik GmbH & Co. KG, FULONGMA GROUP Co., Ltd., Geesinknorba., Labrie Group, Royal Terberg Group, and Zoomlion Heavy Industry Science & Technology Co., Lt ) Key questions answered in the study:
What are the current and future trends of the global garbage truck vehicle industry? How the industry has been evolving in terms of propulsion, product, and end users? How the competition has been shaping across the countries followed by their comparative factorial indexing? What are the key growth drivers and challenges for the global garbage truck vehicle industry? What is the customer orientation, purchase behavior, and expectations from the global garbage truck vehicle suppliers across various region and countries? About Us:
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