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Garbage Collection Trucks - Global Strategic Business Report

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    Report

  • 539 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5029883

Global Garbage Collection Trucks Market to Reach $22.8 Billion by 2030

The global market for Garbage Collection Trucks estimated at US$12.9 Billion in the year 2022, is projected to reach a revised size of US$22.8 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030. Rear Loaders, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$11.4 Billion by the end of the analysis period. Growth in the Front Loaders segment is estimated at 6.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 9.7% CAGR

The Garbage Collection Trucks market in the U.S. is estimated at US$3.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Select Competitors (Total 92 Featured)

  • Doosan Corporation (Doosan Group)
  • Dongfeng Motor Group Co., Ltd.
  • Galbreath Inc.
  • Autocar LLC
  • DAF Trucks NV
  • Caterpillar Inc.
  • Deutz AG
  • Fujian Longma Environmental Sanitation Equipment Co. Ltd.
  • Geesinknorba Ltd.
  • DULEVO INTERNATIONAL S.p.A.
  • Combilift Ltd.
  • Cummins Inc.
  • Battle motors
  • Dennis Eagle Ltd
  • Bluestream

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Garbage Collection Trucks Market

What is the estimated value of the Garbage Collection Trucks Market?

The Garbage Collection Trucks Market was estimated to be valued at $12.9 Billion in 2022.

What is the growth rate of the Garbage Collection Trucks Market?

The growth rate of the Garbage Collection Trucks Market is 7.4%, with an estimated value of $22.8 Billion by 2030.

What is the forecasted size of the Garbage Collection Trucks Market?

The Garbage Collection Trucks Market is estimated to be worth $22.8 Billion by 2030.

Who are the key companies in the Garbage Collection Trucks Market?

Key companies in the Garbage Collection Trucks Market include Doosan Corporation (Doosan Group), Dongfeng Motor Group Co., Ltd., Galbreath Inc., Autocar LLC, DAF Trucks NV, Caterpillar Inc., Deutz AG, Fujian Longma Environmental Sanitation Equipment Co. Ltd., Geesinknorba Ltd. and DULEVO INTERNATIONAL S.p.A..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Garbage Collection Trucks - A Prelude
  • Impact of Covid-19 and a Looming Global Recession
  • World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
  • Why Multilateral Approach is Key to Dealing With Future Pandemics
  • War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
  • Stubbornly High Inflation to Single Handedly Drag Down Global Growth
  • Here’s What’s Causing the Current Spike in Inflation
  • War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Impact of COVID-19 on Waste Management
  • Collection Rate of Recyclable Plastic Decreases in 2020
  • COVID-19 Brings About Significant Changes to Plastic Usage Trends
  • Impact of COVID-19 on the Global Garbage Trucks Market
  • Competitive Landscape
  • Garbage Collection Trucks - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Global Market Prospects and Outlook
  • Global Garbage Collection Trucks Market Set to Witness Rapid Growth
  • Increasing Adoption of CNG-powered Waste Collection Vehicles, While Rising Interest in Battery-Electric Waste Collection Fleets
  • Growing Vehicle Electrification, Hybrid Vehicles, and Emphasis on Alternative Fuel
  • Developed Regions Lead the Global Garbage Trucks Market
  • Rear Loaders Dominate the Market
  • Municipal Garbage End-use Dominates, Industrial Garbage Sector to Witness Fastest Growth
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Global Population, Urbanization, and Rapid Industrialization Drive Market Growth
  • Expanding World Population & Increase in Economic and Industrial Activity Necessitates Plastic Waste: World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Rise in Municipal Solid Waste (MSW) Augurs Well for Market Growth
  • Global Waste Generation, by Region (in millions of tonnes/year): 2016, 2030, 2050
  • Increase in Plastic Production Volumes Contribute to Plastic Waste, Driving the Demand for Garbage Collection Trucks
  • Global Plastics Production Output in Million Tons for the Years 2009 through 2021E
  • Global Plastics Production by Region/Country (in %): 2022
  • Global Plastics Usage by Sector (in %): 2022
  • Increase in Plastic Waste to Drive the Demand for Garbage Collection Trucks
  • Plastic Waste Statistics: In a Nutshell
  • Plastic Waste Production (in Million Tons) by Select Countries: 2020E
  • Global Percentage Breakdown of Plastic Waste Generation by End-Use Sector: 2022
  • Increasing Waste from Packaging Industry Drives the Garbage Collection Trucks Market
  • Global Packaging Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Growing Sales of Packaged Foods & Beverages Contribute to Rise in Plastic Waste, Driving Need for Garbage Collection Trucks:Global Packaged Food Sales in US$ Trillion: 2015, 2017, 2019, 2021 & 2023
  • Rise in Construction Activities to Drive the Demand for Garbage Collection Trucks
  • Global Construction Spending (in US$ Trillion) for the Years 2020-2028
  • Recovery in Construction Sector, Post 2020 Boosts Growth
  • Technological Advancements in Garbage Collection Trucks
  • EV Adoption to Grow for Garbage Collection
  • Constant Product Innovation to Help Retain Market Tempo
  • Select Product Innovations in Recent Years
  • Manufacturer and End-users Tween for Environment-friendly Garbage Collection Vehicles
  • The Rise of Curb-to-Grid Waste Management Companies
  • Fleet Operators Gain Success in Pursuit of Safety
  • On-demand Waste Collection Lessens Cost Burden, Eases Emissions
  • As Technology Advances, so does Vehicle Features
  • Growing Preference Towards Online and Direct-to-Consumer Sales
  • Rising Demand for Connectivity
  • Weight Reduction in Garbage Truck Bodies
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Garbage Collection Trucks Market Analysis of Annual Sales in US$ Million for Years 2017 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Garbage Collection Trucks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Garbage Collection Trucks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 4: World 13-Year Perspective for Garbage Collection Trucks by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2017, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Rear Loaders by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Rear Loaders by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 7: World 13-Year Perspective for Rear Loaders by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Front Loaders by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Front Loaders by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 10: World 13-Year Perspective for Front Loaders by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Side Loaders by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Side Loaders by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 13: World 13-Year Perspective for Side Loaders by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Diesel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Diesel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 16: World 13-Year Perspective for Diesel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Gasoline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Gasoline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 19: World 13-Year Perspective for Gasoline by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Other Propulsions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Other Propulsions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 22: World 13-Year Perspective for Other Propulsions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Municipal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Municipal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 25: World 13-Year Perspective for Municipal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 28: World 13-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Garbage Collection Trucks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Doosan Corporation (Doosan Group)
  • Dongfeng Motor Group Co., Ltd.
  • Galbreath Inc.
  • Autocar LLC
  • DAF Trucks NV
  • Caterpillar Inc.
  • Deutz AG
  • Fujian Longma Environmental Sanitation Equipment Co. Ltd.
  • Geesinknorba Ltd.
  • DULEVO INTERNATIONAL S.p.A.
  • Combilift Ltd.
  • Cummins Inc.
  • Battle motors
  • Dennis Eagle Ltd
  • Bluestream