Global Garbage Collection Truck Market to Grow at a Value CAGR of 4.5% Through 2029

Surpassing a valuation of US$10Bn by the end of the forecast period (2019-2029), the garbage collection trucks market is forecast to follow a moderate growth trajectory. Management of solid waste is one of the most intractable problems for local authorities in urban centers.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4574

Collection of waste is a prime concern, as governments are investing a large amount in solid waste management. This has accelerated the demand for garbage collection trucks. Proliferation of industries, burgeoning urban population, and waste generation is pushing the demand for garbage collection trucks. Owing to increased spending on waste management plans, Fact.MR says that the global garbage collection truck market is expected to grow at a value CAGR of 4.5% during the forecast period.

Key Takeaways of Garbage Collection Trucks Market

• The municipal garbage segment is estimated to create an absolute dollar opportunity of around US$ 2 Bn during the forecast period and is estimated to account for 50% of the overall value opportunity in the global market by the end of 2029

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4574

• In the technology segment, automatic garbage collection trucks are projected to expand 1.6X as compared to 2019, by witnessing a value CAGR of 5% during the forecast period
• Rear loaders segment is forecasted to expand 1.3X as compared to the side loaders segment by the end of forecast duration
• Owing to an increase in awareness for proper waste disposal facilities in India and China, both countries collectively accounted for 20% of the global revenue share in 2019

Key Segments of the Garbage Collection Trucks Market

Fact.MR’s study on the garbage collection trucks market offers information divided into four important segments – product, technology, end-use, and region.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4574/S

This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

For comprehensive insights on this market adoption, ask an analyst here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=4574

Manufacturers Focus on Automatic Garbage Collection Trucks

Manufacturers of garbage collection trucks are rapidly shifting from conventional to automatic technology. Trending electric garbage trucks in the market are expected to be a major opportunity to move away from the conventional diesel-fuel-burning garbage trucks which tend to produce harmful emissions that impact the environmental negatively. Launch of advanced products that offer various operational benefits and comply with the existing regulations has become a key trend among market actors. Moreover, manufacturers are exploring new ways to extend the shelf life of garbage trucks. Stakeholders are also focusing on additional features such as real time monitoring, addition of new equipment for collection of waste from streets, and segregation of waste. For instance, in April 2019 and in June 2019, the Lion Electric Co. and Boivin Évolution launched co-developed electric garbage collection class 8 truck with a powertrain and a fully electric & automated collection hopper.

Read More Trending and Similar Reports from Fact.MR – https://www.prnewswire.com/news-releases/cruiser-motorbikes-to-stimulate-revenue-pools-technological-innovations-at-the-core-of-key-manufacturers-factmr-301224774.html

Explore Fact.MR’s Comprehensive Coverage on Automotive Landscape

Off-Highway Engine Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/off-highway-engine-market

Autonomous Farm Equipment Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/autonomous-farm-equipment-market

Aircraft Tugs Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031 : https://www.factmr.com/report/2366/aircraft-tugs-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com