Garbage Collection Vehicles Market is Projected to Witness 6.5% CAGR by 2030

Pune, India, May 22, 2018 /MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on the Global Garbage Collection Vehicles Market. The Global Garbage Collection Vehicles Market is Expected to Witness 6.5% CAGR During the Period, 2022 to 2030.

Market Highlights

Garbage collection vehicles are considered as an important logistic activity within any city for the disposal of the waste. Garbage collection vehicles are fitted with communication equipment that use mobile technology, visual and audible warnings, and two-way radios. These solutions help to enhance performance, capability, and safety of the vehicle. The increasing urban developments, rising population, and growing demand for electric garbage trucks boost the growth of this market, further.

The garbage collection vehicle market is still in the growing phase with activities related to the design, development, and manufacturing of such vehicles. Additionally, the growing industrialization, increasing infrastructure from emerging countries, such as China, India, and Brazil, and rising awareness about environmental and health hazards, are set to drive the growth of the global market.

Increased investments for the development of garbage collection vehicle systems will enable strategic mergers and acquisitions of small startup companies in this market, which will further enhance the global market during the forecast period. However, the major restraints for the global garbage collection vehicle market is the high maintenance costs due to the growing complexity in the design of the vehicle.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Garbage Collection Vehicles Market Research Report

Key Players

The major players operating in the global garbage collection vehicle market are Heil Environmental (US), Geesink B.V. (the Neatherlands), FAUN Umwelttechnik GmbH & Co. KG (Germany), CEEC TRUCKS INDUSTRY CO., LIMITED (China), Bridgeport Manufacturing (US), Zoomlion Heavy Industry Science and Technology Co., Ltd (China), Pak-Mor. (US), Dennis Eagle Limited (UK), IVECO S.p.A. (Italy), and Dulevo International S.p.A. (Italy).

Drivers: Global Garbage Collection Vehicle Market
 

Market Research Analysis

In terms of region, the global market for the garbage collection vehicles is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to witness the highest growth rate in the garbage collection vehicle market during the forecast period owing to the rapidly growing population in China and India. Furthermore, the growing industrilization and infrastructure development across the region and increasing demand for electric garbage truck, are factors that are boosting the market growth in this region during the forecast period.

North America is estimated to hold a significant share in the global garbage collection vehicle market during the forecast period owing to deployment of advance technology and stable economy from the US, and Canada. Furthermore, the presence of key players such as Heil Environmental and Pak-Mor., are contributing in the growth of the market in this region.

Scope of the Report

This study provides an overview of the global garbage collection vehicles market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global garbage collection vehicle market by loader type, technology, vehicle type, propulsion, application, and region.

• By Loader Type
  
  
  
  • Front loader
  
  
  • Rear Loader
  
  
  • Automated Side Loader (ASL)
  
  
  • Others
  
  
  
  

• By Technology
  
  
  
  • Manual
  
  
  • Semi-Automatic
  
  
  
  

• By Vehicle Type
  
  
  
  • Light Duty Vehicle
  
  
  • Heavy Duty Vehicle
  
  
  
  

• By Propulsion
  
  
  
  • ICE
  
  
  • Electric VehicleBattery Electric Vehicle (BEV)
  
  
  • Plug-In Hybrid Electric Vehicle (PHEV)
  
  
  • Hybrid Electric Vehicle (HEV)
  
  
  
  

• By Application
  
  
  
  • Residential
  
  
  • Non-Residential
  
  
  
  

• By Regions
  
  
  
  • North America 
  
  
  • Asia-Pacific 
  
  
  • Europe
  
  
  • Rest of the World