The garbage truck bodies global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Garbage Truck Bodies Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The garbage truck bodies market size has grown strongly in recent years. It will grow from $4.91 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increased waste generation, government regulations on waste management, environmental concerns, cost reduction initiatives, infrastructure development, and focus on recycling and waste separation.
The garbage truck bodies market size is expected to see strong growth in the next few years. It will grow to $6.75 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to expansion of smart city projects, stricter environmental regulations, growth in urban populations, increased focus on sustainability, rising demand for electric and hybrid vehicles, greater emphasis on fleet management solutions, and evolving consumer expectations. Major trends in the forecast period include integration with IoT for smart operations, emphasis on waste-to-energy technologies, adoption of advanced safety systems, development of durable and lightweight materials, growth in retrofitting existing fleets, and investments in sustainable waste management solutions.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rising residential waste generation is expected to propel the growth of the garbage truck body market going forward. Residential waste refers to household waste, including everyday items such as food scraps, packaging, paper, and other materials disposed of by residents. The rise in residential waste is due to rising population numbers, higher living standards, and a convenience-driven disposable culture, leading to greater consumption of goods and packaging materials. Garbage truck bodies are essential for residential waste management by providing efficient means of collecting, compacting, and transporting large volumes of household waste to disposal or recycling facilities, ensuring clean and hygienic neighborhoods. For instance, in February 2024, according to the United Nations Environment Programme, a Kenya-based program responsible for coordinating responses to environmental issues within the United Nations system, the global generation of municipal solid waste is expected to increase from 2.3 billion metric tons in 2023 to 3.8 billion metric tons by 2050. Therefore, rising residential waste generation is driving the growth of the garbage collection truck market.
Market Trends –
Major companies operating in the garbage truck bodies market are focusing on developing innovative product technologies, such as electric automated sideload garbage truck bodies, to enhance efficiency and improve waste collection processes. Electric automated sideload garbage truck bodies are waste collection vehicles powered by electricity with automated systems for efficiently and safely loading waste from the side. For instance, in October 2022, Heil Environmental Industries Limited, a US-based manufacturer of garbage and recycling trucks, launched the RevAMP electric automated sideload body (eASL), a fully electric refuse collection vehicle designed to enhance operational efficiency and sustainability in waste management. Featuring an electric lift arm and auger-style compactor, the RevAMP significantly reduces energy consumption, noise, and greenhouse gas emissions, potentially cutting emissions by approximately 41 metric tons per year when paired with an electric chassis. It operates on its battery, allowing compatibility with various chassis types, and can save municipalities up to 4,000 gallons of fuel annually. The RevAMP is positioned as a sustainable solution for waste haulers, combining performance and environmental responsibility, making it a compelling choice for modern refuse collection needs.
The garbage truck bodies market covered in this report is segmented –
1) By Type: Front Loaders, Rear Loaders, Side Loaders, Roll-Off, Grapple Trucks
2) By Material: Steel, Aluminum, Plastic, Other Materials
3) By Power Source: Diesel, Electric, Hybrid
4) By Technology: Automated, Semi-Automated, Manual
5) By Application: Urban Garbage Treatment, Building And Mining Industry, Road And Infrastructure Cleaning, Industrial Waste Management, Recycling Facilities
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Regional Insights –
Asia-Pacific was the largest region in the garbage truck bodies market in 2023. The regions covered in the garbage truck bodies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the garbage truck bodies market are BYD Company Ltd., Volvo Group, Scania AB, Dongfeng Motor Corporation, Dover Corporation, Oshkosh Corporation, China National Heavy Duty Truck Group Co. Ltd., Chengli Special Automobile Co. Ltd., Fulongma Group Co. Ltd., FAUN Umwelttechnik GmbH & Co. KG, DENNIS EAGLE Ltd., McNeilus Truck and Manufacturing, Heil Environmental Industries Ltd., Amrep, EZ Pack Holding Ltd., Galbreath Inc., Bridgeport Manufacturing, Labrie Environmental Group, J&J Truck Bodies & Trailers, Curbtender Sweepers LLC, Haul-All Equipment Ltd., Cryotec Anlagenbau GmbH, Kirchhoff Group
Table of Contents
1. Executive Summary
2. Garbage Truck Bodies Market Report Structure
3. Garbage Truck Bodies Market Trends And Strategies
4. Garbage Truck Bodies Market – Macro Economic Scenario
5. Garbage Truck Bodies Market Size And Growth
…..
27. Garbage Truck Bodies Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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