Garbage Collection Vehicle Market High Growth Opportunities and Demand & SWOT Analysis by 2025
Market Synopsis
Market ResearchFuture (MRFR), reveals that the expansion of the Garbage Collection VehicleMarket 2020 can be at 6.5% CAGR across the review period 2019 to 2025. Acomplete assessment of the impact of pandemic on the garbage collection vehicleis offered with the report. There are different factors that are observed toimpact the market. However, the increased demand for the maintenance ofresidential cleanliness is identified as the chief cause to support theexpansion of the garbage collection vehicle market in the years to come.Urbanization and industrializationare other causes that are responsible for theincreased need for proper waste disposal facilities across the global. The risein concerns for effective public health, which, in turn, is creating demand forgarbage collection vehicle that can bolster the growth of this market in nearfuture. Rise in environment safety concern and increase in initiatives bygovernments to educate people and promote health can support the rise of thegarbage collection vehicle market.
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Market Segmentstudy
The segmentanalysis of the garbage collection vehicle market is done by Front loader, RearLoader, Loader Type, and Automated Side Loader (ASL) among others. The rise inthe demand for automated side loader due to the high convince it offers isexpected to support the expansion of the garbage collection vehicle market inthe assessment period.
The Technologybased segments of the garbage collection vehicle market are Semi-Automatic andManual. The rise in demand for automatic garbage collection vehicles cansupport the expansion of the market.
The Vehicle Typebased segment of the garbage collection vehicle market are Heavy Duty Vehicleand Light Duty Vehicle. The increased application of heavy duty vehicle forgarbage collection can prompt the expansion of the market in the near future.
The Propulsion ICEbased segment of the garbage collection vehicle market are ElectricVehicleBattery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), andHybrid Electric Vehicle (HEV). The Electric Vehicle Battery Electric Vehicle(BEV) is being widely used for garbage collection.
The Applicationbased segment of the garbage collection vehicle market are Non-Residential andResidential. The residential segment can churn considerable revenue for themarket.
MarketResearch Analysis
Trends of the garbagecollection vehicles market is studied by our proficient research analysts forregions; EU, North America, APAC, and the rest of the world. In Asia Pacific,the demand for garbage collection vehicle is high due to the rise in the amountof residential waste. Especially in lockdown, the garbage collection vehiclemarket is expected to rise across the forecast period as residential garbageproduction is observed to escalate. Rapid rise of industries and increase in infrastructuredevelopment in the region is creating the need for electric garbage truck. Thiscan support the expansion of the garbage collection vehicle market across theforecast period. In North America, the garbage collection vehicle market isanticipated to increase due to the deployment of modern technology. The economyof the region can also impact the market significantly. In Europe, garbagecollection vehicle market is observed to surge exponentially due to the rapidimprovement in technology and increased installation of IoT enabled solutionsand sensors in vehicles used for garbage collection.
Key Players
The majorplayers operating in the global garbage collection vehicle market are HeilEnvironmental (US), Geesink B.V. (the Neatherlands), FAUN Umwelttechnik GmbH& Co. KG (Germany), CEEC TRUCKS INDUSTRY CO., LIMITED (China), BridgeportManufacturing (US), Zoomlion Heavy Industry Science and Technology Co., Ltd(China), Pak-Mor. (US), Dennis Eagle Limited (UK), IVECO S.p.A. (Italy), andDulevo International S.p.A. (Italy).
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