Garbage Collection Vehicle Market Set to Reach USD 23.2 Billion by 2032, Driven by Technological Advancements and Regional Initiatives
The global Garbage Collection Vehicle Market Size is projected to grow from USD 17.08 billion in 2024 to USD 23.2 billion by 2032, registering a CAGR of 3.9% during the forecast period. This growth is fueled by increasing urbanization, rising municipal solid waste generation, and the adoption of advanced waste management technologies.
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Competitive Landscape
The market is characterized by the presence of several key players focusing on innovation and sustainability. Notable companies include Heil, AB NÄRPES TRÄ & METALL – NTM, Quality Enviro Engineers Private Limited, FAUN Umwelttechnik GmbH & Co. KG, Fratelli Mazzocchia Spa, McNeilus Truck and Manufacturing, Labrie Group, Dennis Eagle, New Way Refuse Trucks, Dongfeng Motor Corporation, RNOW, Terberg RosRoca Vehicle Manufacturing LLC, Curbtender Sweepers, LLC, Iveco Group Company, Pak-Mor Ltd, Dulevo International, Alke, and Isuzu Motors.
Regional Demand Highlights
The Asia-Pacific region is expected to account for the largest market share during the forecast period, driven by rapid urbanization, the introduction of smart cities in countries like India and China, and increasing concerns over health risks associated with waste accumulation.
Country-Specific Insights
Sustainable Opportunities in Vietnam
Vietnam is pioneering sustainable waste management by piloting electric garbage trucks in Hue City. This initiative, supported by the United Nations Development Programme and the Japanese government, marks a significant step towards e-mobility in the country.
Waste Management Consolidation in Thailand
Thailand's government has introduced a loan guarantee program for pickup trucks to revitalize its automobile sector, which faced a production low and an 8.8% drop in auto exports. The initiative includes a 5 billion baht ($147.80 million) support package over seven years, aiming to boost pickup truck sales by 6,250 units.
Technological Growth in Japan
Japan's industrial truck market is projected to grow at a CAGR of 22.4%, reaching a valuation of USD 24.46 billion by 2034. The surge is attributed to the country's focus on efficient logistics in the e-commerce sector, necessitating advanced material handling solutions.
Electric Vehicle Trends in South Korea
South Korea is witnessing a noticeable shift towards electric trucks, with 7.6% of domestically produced and sold trucks being all-electric as of 2020. This transition is indicative of the country's commitment to sustainable transportation solutions.
Automation Opportunities in Singapore
Singapore's strategic location and advanced infrastructure make it a hub for automation in material handling. The adoption of automated guided vehicles (AGVs) is enhancing operational efficiency in warehouses and distribution centers.
Market Expansion in the United States
The United States is investing in smart waste management systems, leading to increased demand for automated and energy-efficient garbage trucks. Government initiatives promoting sustainability and carbon emission reduction are further fueling the transition toward electric and hybrid garbage collection vehicles in the region.
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Sustainability Trends in China
China is leading the shift towards liquefied natural gas (LNG)-fueled trucking, with over 108,000 LNG trucks sold in the first half of 2024. This transition is supported by government subsidies and stricter emission standards, contributing to a decline in diesel demand.
Innovation Updation in Europe
Europe is experiencing a surge in the adoption of electric trucks, with 7.8% of heavy trucks sold in Norway and 6.5% in Sweden being all-electric in 2024. This trend underscores the region's commitment to sustainable transportation solutions.
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Market Segmentation: In-Depth Analysis:
by Type
Front Loaders
Rear Loader
Automated Side Loaders
Others
Type-wise, The market for garbage collection trucks is separated into many categories, each designed to satisfy certain waste management needs. Large volumes of trash are commonly managed using front loaders, especially in commercial and industrial settings. These trucks are ideal for handling huge and heavy rubbish since they include a powerful lifting mechanism in the front for loading waste containers. They can efficiently gather from large bins or dumpsters that are frequently found at building or demolition sites because to their robust structure. On the other hand, rear loaders are frequently used in residential areas.
by Power source
Diesel
Electric
Hybrid
By Source of Power, With the usage of various power sources, including diesel, electric, and hybrid models, the market for waste collecting trucks is becoming increasingly fragmented. In the garbage disposal industry, diesel-powered trucks continue to be the most popular due to their dependability, long-distance driving range, and strength while carrying large loads. Because they can supply the required power, diesel engines are crucial for the collection of commercial and industrial garbage in locations with difficult or long-distance driving conditions. However, as cities and municipalities prioritize sustainability and reducing carbon emissions, electric garbage trucks are gaining popularity.
by Technology
Manual
Semi-Automatic
by Application
Residential
Non-Residential
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Market Key Players : In-Depth Analysis:
1. Heil
2. AB NÄRPES TRÄ & METALL – NTM
3. Garbage Truck Manufacturer
4. Quality Enviro Engineers Private Limited
5. FAUN Umwelttechnik GmbH & Co. KG
6. Fratelli Mazzocchia Spa
7. McNeilus Truck and Manufacturing
8. Labrie Group
9. Dennis Eagle
10. New Way Refuse Trucks
Note:
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