The global sales of garbage collection trucks reached ~62,155 (units) in 2018, as revealed by the latest report on the garbage collection
trucks market by PMR. According to the analysis, the garbage collection
trucks market is projected to grow at ~4% CAGR during the forecast
period. Rising demand for garbage collection trucks from municipal and
industrial sectors is likely to propel the garbage collection trucks market growth during the forecast period.
According to the detailed research and deep 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 growth of the garbage
collection trucks market during the forecast period.
Significant demand for automatic garbage collection trucks is contributing to the
growth of the garbage collection trucks market throughout the forecast
period. The global garbage collection trucks market value is projected
to be ~US$ 7 Bn by the end of 2019, and is expected to grow ~1.3X by the
end of the 2029.
Intensifying Competition Pushing Market Consolidation
In December 2017, Heil, an Environmental Solutions Group company,
announced the expansion of its dealership network, with the addition of
New Hampshire and Vermont.
Furthermore, the garbage collection trucks market is significantly fragmented. In order to sustain the
intense market competition, merger & acquisition strategies are
implemented. Moreover, many manufacturers are focusing on the expansion
of their production capabilities for garbage collection trucks, which in
turn, propels the growth of the garbage collection trucks market in the
forecast period.
Steady Demand from the Municipal Waste Management Sector
As per PMR’s deep dive analysis, key players in the garbage collection
trucks market are offering garbage collection trucks with characteristic
properties, based on product type, such as front loader, rear loader,
and side loader. Maximum demand for garbage collection trucks is from
the municipal end-use industry, followed by industrial, which will
result in heavy surge in the garbage collection trucks market growth
during the forecast period.
China to Hold Significant Market Share
Owing to factors such as rapid industrial growth, urbanization, stable
political backdrop, and governmental regulations in the country, China
is expected to hold a prominent market share in the garbage collection
trucks market during the forecast period.
Presence of major market players in the country and entrants in merger & acquisition
activities are key factors pushing the growth of the garbage collection
trucks market in China.
Garbage Collection Trucks Market: Vendor Insights
Persistence Market Research’s business analysis also highlights inventive
perceptions about the competitive set-up of the garbage collection
trucks market and distinctive approaches of prominent market players.
Some key players in the market are McNeilus Truck & Manufacturing,
Inc., Zoomlion Heavy Industry Science & Technology Co., Ltd., Fujian
Longma Environmental Sanitation Equipment Co., Ltd., Dongfeng Motor
Corporation, PAK-MOR LTD., Heil, FAUN Umwelttechnik GmbH & Co.KG,
Bridgeport Manufacturing, Labrie Enviroquip Group, EZ-Pack Refuse
Hauling Solutions, LLC, Dennis Eagle Inc., Geesinknorba Ltd., Scranton
Manufacturing Corporation, Inc., CEEC TRUCKS INDUSTRY CO., LIMITED., and
Curbtender, Inc.
A majority of market participants active in the garbage collection trucks
market are adopting various strategies related to the demand point of
view, from manufacturers and buyers. Significant developments &
latest innovations and investments in R&D to enrich product
portfolio are seen in the market. For instance, in 2017, McNeilus Truck
& Manufacturing, Inc. launched enhanced products under its product
line Meridian Front loader and Zero radius side loader trucks.
