Global Refuse Hauler Growth Opportunities, Forecast to 2030

Alternate Fuel Technologies, Automation and Data Analytics, and the Waste-to-Energy Economy Hold Long-term Potential

The refuse hauler industry plays a critical role in global waste management. Refuse haulers collect and haul waste from the source to waste recovery and disposal areas. The industry has grown significantly in recent years, with a global market size of $3.79 billion in 2022, and will likely record a 5.5% CAGR to reach $5.80 billion in 2030. Factors driving the refuse hauler industry include alternative fuels and technology improvements, regulations, increasing waste generation in developing countries, population growth, rising urbanization, and increasing mechanization of the waste management industry.

Frost & Sullivan forecasts developed markets such as the United States and Europe to register resilient growth rates of 3.5% and 5.6%, respectively, between 2022 and 2030. Developing countries like India and China will likely record strong growth rates of 8.5% and 7.5%, respectively, for the same period. This is due to increasing urbanization, concerns for health and well-being, and the adoption of sustainability targets in countries like India and China, where there is a high demand for refuse haulers. The United States and Europe are also significant markets for refuse haulers, driven by the new technology R&D and electrification in these regions.

Our analysis shows that the refuse hauler industry is highly competitive, with many manufacturers operating in the market. A few major players dominate the industry, including Volvo, Mack (part of Volvo), Daimler, Scania, PACCAR, and Dennis Eagle. These companies have a strong presence in multiple markets and offer a range of products, from front to automated side loaders. A trend toward more sustainable and efficient haulers, with an increasing focus on reducing emissions and improving fuel efficiency, also characterizes the industry. This drives innovation, with manufacturers developing new technologies such as electric refuse haulers and semi-autonomous refuse haulers.

Major innovations in the refuse hauler market are likely in alternative fuels, electrification, automation, data analytics, and waste-to-energy solutions. While smart trucks are already picking up pace in developed regions, the trend has yet to catch on in developing countries.

The refuse hauler industry is vital to nationwide waste management, providing municipalities with the necessary tools to perform various tasks. Frost & Sullivan expects the industry to continue growing in this decade, driven by global population growth and increasing demand for food/materials in urban lifestyles.