Garbage Collection Vehicle Market: Industry Analysis, Size, Share, Growth, Trend And Forecast 2022 - 2030
Market Synopsis
Market Research Future (MRFR), reveals that the expansion of
the Garbage
Collection Vehicle Market 2022 can be at 6.5% CAGR across the
review period 2019 to 2025. A complete assessment of the impact of
pandemic on the garbage collection vehicle is offered with the report. There
are different factors that are observed to impact the market. However, the
increased demand for the maintenance of residential cleanliness is identified
as the chief cause to support the expansion of the garbage collection vehicle
market in the years to come. Urbanization and industrialization are other
causes that are responsible for the increased need for proper waste disposal
facilities across the global. The rise in concerns for effective public health,
which, in turn, is creating demand for garbage collection vehicle that can
bolster the growth of this market in near future. Rise in environment safety
concern and increase in initiatives by governments to educate people and
promote health can support the rise of the garbage collection vehicle market.
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Market Research Analysis
Trends of the garbage collection vehicles market is studied
by our proficient research analysts for regions, 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 amount of residential waste. Especially
in lockdown, the garbage collection vehicle market is expected to rise across
the forecast period as residential garbage production is observed to escalate.
Rapid rise of industries and increase in infrastructure development in the region
is creating the need for electric garbage truck. This can support the expansion
of the garbage collection vehicle market across the forecast period. In North
America, the garbage collection vehicle market is anticipated to increase due
to the deployment of modern technology. The economy of the region can also
impact the market significantly. In Europe, garbage collection vehicle market
is observed to surge exponentially due to the rapid improvement in technology
and increased installation of IoT enabled solutions and sensors in vehicles
used for garbage collection.
Key Players
The major players operating in the global garbage collection
vehicle market are Heil Environmental (US), Geesink B.V. (the Neatherlands),
FAUN Umwelttechnik GmbH & Co. KG (Germany), CEEC TRUCKS INDUSTRY CO.,
LIMITED (China), Bridgeport Manufacturing (US), Zoomlion Heavy Industry Science
and Technology Co., Ltd (China), Pak-Mor. (US), Dennis Eagle Limited (UK),
IVECO S.p.A. (Italy), and Dulevo International S.p.A. (Italy).
Market Segment study
The segment analysis of the garbage collection vehicle
market is done by Front loader, Rear Loader, Loader Type, and Automated Side
Loader (ASL) among others. The rise in the demand for automated side loader due
to the high convince it offers is expected to support the expansion of the
garbage collection vehicle market in the assessment period.
The Technology-based segments of the garbage collection
vehicle market are Semi-Automatic and Manual. The rise in demand for automatic
garbage collection vehicles can support the expansion of the market.
The Vehicle Type based segment of the garbage collection
vehicle market are Heavy Duty Vehicle and Light Duty Vehicle. The increased
application of heavy duty vehicle for garbage collection can prompt the
expansion of the market in the near future.
The Propulsion ICE based segment of the garbage collection
vehicle market are Electric Vehicle Battery Electric Vehicle (BEV), Plug-In
Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV). The Electric
Vehicle Battery Electric Vehicle (BEV) is being widely used for garbage
collection.
The Application based segment of the garbage collection
vehicle market are Non-Residential and Residential. The residential segment can
churn considerable revenue for the market.
Geographies Covered - North America, Europe,
Asia-Pacific, and Rest of the World (RoW)
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