Global Garbage Collection Vehicle Market is anticipated to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of XX% during the forecast period.
The Garbage collection vehicles are specially designed to collect municipal waste and transport it to a solid waste treatment facility. Such as a landfill, recycling center, or transfer station. These vehicles are generally used in urban and suburban areas.
The report has profiled eighteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in the APAC region. Major country’s policies about manufacturing and its impact on market demand are covered in the report.
Global Garbage Collection Vehicle Market Dynamics
In accordance with increasing population and rising municipal solid waste generation, governments are spending substantial amounts to ensure efficient working of wastewater treatment and solid waste management plants. Garbage collection trucks are essential for the proper functioning of the waste management process. This factor is expected to fuel the growth of the garbage collection trucks market in upcoming years. Also, incorporating recycling facilities in most garbage collection vehicles is becoming an integral part of solid waste treatment. The world is facing a major issue of non-disposable waste and stacked waste, which is a major factor causing global warming. Awareness among people regarding waste management and waste collection is increasing. Furthermore, governments across the globe are taking initiatives to educate people about waste management and recycling.
This in turn is expected to drive the global market of waste or garbage collection vehicles. India has taken some important initiatives regarding cleanliness, such as its long-term high budget plan - ‘Swachh Bharat’In addition, new government cleanliness initiatives along with the rising popularity of public and private partnerships between the government and private companies, are also expected to push demand for waste collection vehicles. Manufacturers are also focusing on bringing various technological improvements in garbage collection trucks, such as increasing efficiency through reduction of downtime, increasing the degree of automation, and noise reduction.
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According to the detailed research and deep the study, increasing industrial activities & huge waste generation across the globe has led to the growth of the garbage collection trucks market. Moreover, heavy demand for refuse trucks for municipal and industrial garbage collection applications is set to directly contribute to the largest market share of XX% of the garbage collection trucks market during the forecast period.
Global Garbage Collection Vehicle Market: By Region
The Asia Pacific Countries expected to account for the largest market share of xx% during the forecast period
The Asia Pacific Countries expected to account for the largest market share of xx% during the forecast period The important markets covered in the waste collection vehicle market study include North America, Asia Pacific, Latin America, Europe, Middle East, and Africa. Waste collection vehicles are showing increasing demand in the Asia Pacific markets owing to increasing urbanization, and introduction of smart cities in countries such as India and China which require advanced waste disposal infrastructure in the region, along with concerns over health risks arising from the ever increasing amounts of waste created on a daily basis.
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Global Garbage Collection Vehicle Market: Major Players
• Ceec Trucks Industry Co., Ltd.
• Bridgeport Manufacturing
• Curbtender Inc.
• Dongfeng Motor Group Co., Ltd.
• Environmental Solutions Group
• EZ-Pack Refuse Hauling Solutions LLC
• FAUN Umwelttechnik GmbH & Co. KG
• Fujian Longma Environmental Sanitation Equipment Co. Ltd.
• Geesinknorba Ltd.
• Labrie Enviroquip Group
• McNeilus Truck & Manufacturing, Inc.
• Pak-Mor Ltd.
• Terberg Group B.V.
• Zoom lion Heavy Industry Science & Technology Co., Ltd.
• Dulevo International
• Iveco
• HEIL
• FAUN Umwelttechnik GmbH & Co.
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