The Business Research Company’s Garbage Truck Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Garbage Truck Global Market Report 2023 evaluates garbage truck market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global garbage truck market is expected to grow from $14.25 billion in 2022 to $15.44 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The garbage truck market is expected to reach $20.34 billion in 2027 at a CAGR of 7.1%.
The rising need for waste management is expected to propel the growth of the garbage truck market going forward. Waste management is the process of gathering, handling, getting rid of, and managing waste products effectively and responsibly. Garbage trucks are helpful for waste management to collect and transport solid garbage from homes, businesses, and industrial areas to facilities for proper disposal or treatment. For instance, in January 2022, according to the Department for Environment, Food, and Rural Affairs, a UK-based governmental agency, household garbage increased overall to 22.6 million tons in 2020 from 22.1 million tons in 2019. Therefore, the rising need for waste management is driving the growth of the garbage truck market.
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The garbage truck market segments in the report are:
1) By Type: Front Loaders, Rear Loaders, Side Loaders
2) By Technology: Manual, Automatic, Semi-Automatic
3) By Fuel Type: Gasoline, Diesel, Electric
4) By End User: Industrial Corporations, Municipal Authorities
The table of contents in TBRC’s garbage truck market report includes:
- Executive Summary
- Garbage Truck Market Characteristics
- Garbage Truck Market Trends And Strategies
- Garbage Truck Market – Macro Economic Scenario
5.1. Global Garbage Truck Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
- Garbage Truck Market Segmentation
- Garbage Truck Market Regional And Country Analysis
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- Brazil Garbage Truck Market
- Middle East Garbage Truck Market
- Africa Garbage Truck Market
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