Garbage Truck Market Overview
As per MRFR analysis, the Garbage Truck Market Size was estimated at 13.35 (USD Billion) in 2022. The Garbage Truck Market Industry is expected to grow from 13.97 (USD Billion) in 2023 to 20.35 (USD Billion) by 2032. The Garbage Truck Market CAGR (growth rate) is expected to be around 4.2% during the forecast period (2024 - 2032).
Key Garbage Truck Market Trends Highlighted
The Garbage Truck Market is projected to grow significantly over the next few years. Key market drivers include increasing waste generation, growing urbanization, and stricter environmental regulations. Opportunities for growth include the development of new technologies, such as electric and hybrid garbage trucks, as well as the expansion of the market into emerging economies. Recent trends in the market include the increasing adoption of automated garbage trucks, the growing use of data analytics to optimize waste collection routes, and the development of smart waste bins that can monitor fill levels and request collection when needed.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Garbage Truck Market Drivers
Increasing Demand for Waste Management Services
The expanding population and urbanization are generating an increase in the quantum of waste produced, which is fuelling the demand for garbage trucks. Moreover, governments and municipal corporations are enforcing stringent regulations and adopting waste management policies to ensure the collection and disposal of waste generated from the residential or commercial sector. In addition, the growing inclination for waste collection vehicles with ease in dumping waste has led to the rolling out of rear-loading garbage trucks.Therefore, such factors are fuelling the growth of the Garbage Truck Market Industry.
Technological Advancements
The Garbage Truck Market Industry is experiencing a significant transformation due to innovations in technology. The implementation and development of technologies like GPS tracking systems, automated waste collection systems, and IoT implements within a particular product, such as garbage trucks, are growing in usage and demand. These technologies are utilized with the goal of increasing the efficiency of the productivity of garbage trucks while providing the capabilities to track and monitor the situation and location of garbage trucks in real-time, implement optimized routes for the waste collection process, and, most importantly, lowering the overall costs and increasing the quality of the services in the process.
Government Regulations and Policies
The “Assessment of the Garbage Truck Market” report by Markets and Markets indicates that regulations and government policies in relation to waste management are forming a new landscape for the Garbage Truck Market Industry. Due to increasing hazardous waste generation and growing concerns regarding waste disposal and recycling, governments have become stricter in regulating waste collection. Thus, innovative garbage trucks may cater to the rising demand for environmentally-safe merchandise.Governments also provide grants, subsidies, and other temptations to purchase eco-friendly equipment.
Garbage Truck Market Segment Insights
Garbage Truck Market Truck Body Type Insights
The Garbage Truck Market can be divided by Truck Body Type into Rear Loader, Side Loader, Front Loader, and Roll-off. The Rear Loader segment dominated the market in 2023, generating over 40% of the total revenue. Its strong position is explained by the great popularity of the given type for various residential and commercial waste collection purposes. The segment is anticipated to keep its leading position throughout the expected period due to the effective loading and compaction features. The Side Loader portion is supposed to be among the fastest-growing ones over this time frame as it gains popularity in densely populated urban areas.
The trucks have great maneuverability and space economy, so they can be successfully used in situations with closely situated houses and streets. The Front Loader segment’s share is also expected to be moderate as the related equipment is used for industrial and construction waste collection. The trucks are known for their durability and high payload capacity. The Roll-off portion is supposed to see modest growth on the back of the rising demand for waste containers during building renovations and demolitions. Roll-off garbage trucks provide convenient and effective ways to collect large amounts of waste.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Garbage Truck Market Fuel Type Insights
The Garbage Truck Market is segmented based on Fuel Type into Diesel, CNG, Electric, and LPG. Among these, the Diesel segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The widespread availability of diesel fuel, its cost-effectiveness, and the established infrastructure for diesel-powered vehicles contribute to its popularity. However, growing environmental concerns and stringent emission regulations are driving the adoption of alternative fuel types, such as CNG and electric.The CNG segment is projected to witness significant growth due to its lower operating costs and reduced emissions. Electric garbage trucks, though still in their early stages of adoption, offer zero emissions and lower maintenance costs, making them an attractive option for eco-conscious municipalities.
Garbage Truck Market Capacity Insights
The capacity segment plays a crucial role in shaping the Garbage Truck Market landscape. In 2023, the 'Below 10 cubic yards' capacity segment held a significant market share due to its widespread use in residential and commercial waste collection. As of 2024, the '10-15 cubic yards' segment is anticipated to witness substantial growth, driven by increasing demand from small and medium-sized businesses. The '15-20 cubic yards' segment caters to large-scale waste management operations and is projected to maintain a steady market presence. Notably, the 'Above 20 cubic yards' segment is expected to gain traction in the coming years, owing to the growing adoption of heavy-duty garbage trucks for industrial and construction applications.Overall, the capacity segment offers valuable insights into the diverse needs of the waste management industry, with each segment contributing to the Garbage Truck Market's growth and evolution.
Garbage Truck Market Application Insights
The Garbage Truck Market is segmented into various applications, including residential waste collection, commercial waste collection, construction waste, and industrial waste. Each segment holds a unique market share and growth potential. Residential waste collection is projected to dominate the market, accounting for a significant share of the overall revenue. This growth is driven by increasing urbanization and population growth, leading to a rise in household waste generation. Commercial waste collection is another major segment driven by the expansion of businesses and industries.The growing awareness of waste management and regulations has fueled the demand for efficient waste collection services. Construction waste management also holds a substantial market share.
The increasing construction activities worldwide generate a significant amount of waste, requiring specialized garbage trucks for effective disposal. Industrial waste collection is a growing segment due to the stringent environmental regulations and the need for proper disposal of hazardous and non-hazardous industrial waste. These segments collectively contribute to the overall growth of the Garbage Truck Market, shaping its dynamics and driving innovation in waste management solutions.
Garbage Truck Market Garbage Collection System Insights
The Garbage Truck Market segmentation by Garbage Collection System includes Automated, Semi-Automated, and Manual. The Automated segment held the largest market share in 2023 and is expected to continue to dominate the market during the forecast period. Automated garbage trucks use advanced technology to collect waste, reducing the need for manual labor and increasing efficiency. The Semi-Automated segment is also expected to witness significant growth, as it offers a cost-effective solution compared to fully automated trucks.
The Manual segment is expected to decline in market share due to the increasing adoption of automated and semi-automated systems.The increasing demand for efficient and cost-effective waste management solutions is driving the growth of the Garbage Truck Market. Governments worldwide are implementing waste management regulations and promoting the adoption of modern garbage collection systems. This, coupled with rising urbanization and population growth, is expected to contribute to the overall growth of the market.
Garbage Truck Market Regional Insights
The regional segmentation of the Garbage Truck Market offers valuable insights into the market's geographic distribution and growth potential. North America holds a significant share of the market, driven by advanced waste management infrastructure and stringent environmental regulations. Europe follows closely, with mature markets and a focus on sustainable waste disposal practices. APAC is projected to witness substantial growth due to rapid urbanization and increasing waste generation in emerging economies like China and India. South America and MEA represent emerging markets with growing demand for garbage trucks as they develop their waste management systems.In 2023, North America accounted for approximately 35% of the Garbage Truck Market revenue, while Europe and APAC contributed 30% and 25%, respectively.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Garbage Truck Market Key Players And Competitive Insights:
Garbage Truck Market major players are gradually becoming more and more invested in innovative technologies and product expansion as part of the pursuit of a competitive edge. Today’s leading players in the garbage truck market are, on the whole, involved in developing eco-friendly and highly efficient garbage trucks to cater to the increasing demand for sustainable waste solutions. Major activities on the Garbage Truck Market developments front include a variety of strategic partnerships, M activity and other forms of consolidating one’s sales position on the global scale.One of the primary Garbage Truck Market players, Daimler AG, appears to be quite well-represented in Europe and North America, offering a comprehensive range of garbage trucks available in rear-loading, side-loading and front-loading versions.
Daimler AG garbage truck brand is distinguished by sophisticated truck technologies, hence the appeal of Daimler’s BlueTec system to reduce fuel consumption and emissions. The company also has a very long track record of actively pursuing sustainability goals, which appears to resonate with many of its customers. This experience may be used to expand its current sales offerings in emerging markets.On the whole, being a major player in the Garbage Truck Market, Volvo Group offers a comprehensive range of garbage trucks, including diesel, hybrid, and electric models, spanning various sizes. Volvo Group is also highly interested in pursuing a sustainable development strategy that will facilitate our entry into a predominantly existing market consisting of medium-sized and large companies in Europe, North America, and APAC.
Key Companies in the Garbage Truck Market Include:
Garbage Truck Industry Developments
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Q3 2024: Recology has begun testing the first-ever electric garbage truck powered by hydrogen cells. Officials said the move makes Recology the first waste-and-recycling company in the U.S. to pilot a hydrogen fuel cell-powered refuse collection vehicle. Recology, a major West Coast waste hauler, began piloting a hydrogen fuel cell-powered electric garbage truck in San Francisco, marking a significant step toward zero-emission waste collection in the U.S. The truck, developed in partnership with Hyzon, is reported to exceed productivity and power expectations.
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Q4 2024: Hyzon partnered with manufacturer New Way Trucks to deliver the first hydrogen fuel cell-powered refuse hauling vehicle in 2024, and it had begun to attract orders. Hyzon Motors and New Way Trucks collaborated to launch the first hydrogen fuel cell-powered garbage truck in the U.S. Several waste management companies, including Recology and GreenWaste, tested the vehicle, which performed comparably to diesel trucks in certain scenarios.
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Q4 2024: Despite the recent closure of Hyzon, which conducted the inaugural pilot of hydrogen-powered refuse vehicles in the U.S. last year, truck manufacturers remain optimistic about the future of this technology in waste management. Hyzon Motors, after pioneering hydrogen-powered garbage trucks in the U.S., decided to liquidate and dissolve in December 2024. An auction for its assets is underway, and New Way Trucks is exploring options to continue hydrogen truck development, possibly through new partnerships or asset acquisition.
Garbage Truck Market Segmentation Insights
Garbage Truck Market Truck Body Type Outlook
Garbage Truck Market Fuel Type Outlook
Garbage Truck Market Capacity Outlook
Garbage Truck Market Application Outlook
- Residential Waste Collection
- Commercial Waste Collection
Garbage Truck Market Garbage Collection System Outlook
Garbage Truck Market Regional Outlook
| Report Attribute/Metric |
Details |
| Market Size 2022 |
13.35 (USD Billion) |
| Market Size 2023 |
13.97 (USD Billion) |
| Market Size 2032 |
20.35 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.2% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Tata Motors, Isuzu Motors, Volvo Trucks, Hino Motors, Ashok Leyland, Kenworth Truck Company, Mahindra Mahindra, International Trucks, Freightliner Trucks, Mitsubishi Fuso Truck and Bus Corporation, Peterbilt Motors Company, Mack Trucks, UD Trucks, Western Star Trucks |
| Segments Covered |
Truck Body Type, Fuel Type, Capacity, Application, Garbage Collection System, Regional |
| Key Market Opportunities |
Government regulations mandating waste management improvements Technological advancements enhancing efficiency and productivity Growing demand for environmentally friendly waste disposal Expansion of smart city initiatives Increasing waste generation due to urbanization |
| Key Market Dynamics |
Growing population increasing waste stricter regulations technological advancements urban expansion |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ):
The Garbage Truck Market was valued at USD 13.97 billion in 2023 and is expected to reach USD 20.35 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period.
North America is expected to dominate the Garbage Truck Market throughout the forecast period owing to the presence of a large number of waste management companies and stringent government regulations regarding waste disposal.
The municipal waste collection segment is expected to hold the largest share of the Garbage Truck Market due to the increasing volume of municipal waste generated in urban areas.
Some of the key players in the Garbage Truck Market include Zoomlion, FAUN, Heil Environmental, Mack Trucks, and Volvo.
The growth of the Garbage Truck Market is primarily driven by increasing urbanization, rising environmental awareness, and stringent government regulations regarding waste management.
The Garbage Truck Market faces challenges such as high manufacturing costs, increasing fuel prices, and intense competition from alternative waste management technologies.
Key trends in the Garbage Truck Market include the adoption of electric garbage trucks, the use of telematics and GPS for fleet management, and the development of automated garbage collection systems.
The Garbage Truck Market is expected to grow at a CAGR of 4.2% from 2024 to 2032.
The forecast period for the Garbage Truck Market is from 2024 to 2032.
The base year for the Garbage Truck Market is 2023.
