PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424004
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424004
The global garbage truck bodies market size is expected to reach USD 7.13 billion by 2032, according to a new study by Polaris Market Research. The report "Garbage Truck Bodies Market Share, Size, Trends, Industry Analysis Report, By Product Type (Front Loaders, Rear Loaders, and Side Loaders); By Technology; By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising global population base, increasing municipal solid waste generation particularly in emerging economies, and significant investments by both government and private agencies towards ensuring efficient working of waste or garbage management, are among the primary factors influencing global market growth. Additionally, several companies in the market are focusing on the development and incorporation of garbage trucks or refuse collection practices in order to recycle or dispose of necessary trash to minimize solid waste impact on the environment.
For instance, in September 2023, Battle Motors, announced about the launch of its new California EV refuse truck, featuring the Heil Rapid Rail® Automated Side Loader Refuse Collection Vehicle. Company's newly developed truck represents its innovative leap forward in waste management, while distinguishing itself from the conventional CNG alternatives
Furthermore, there has been a significant boost in the proliferation and penetration for the use of lightweight materials in garbage trucks like various high-strength composites that helps truck to achieve greater fuel efficiency, reduce wear and tear of vehicles, and increase payload capacity. Apart from this, companies are highly concentrated on the integration of telematics and innovated fleet management systems into their trucks to improve their overall operational performance and enable real-time monitoring of fuel consumption and truck locations, which in turn, have bode well for global market growth over the years.
In addition, there are various waste service providers and sanitation departments across the world who are extensively focusing on developing electric garbage truck bodies and making electrification into their existing fleets with aim to reduce emissions and minimize environmental concerns, resulting in positive impact on market's growth.
For instance, in October 2022, Heil, introduced its new electric automatic sideloader named RevAMP, which is likely to save haulers on fuel and also reduce greenhouse gas emissions.
Rear loaders segment accounted for the noteworthy market share, mainly due to its higher adaptability, greater work efficiency, and cost-effectiveness
Automatic segment projected to hold substantial revenue share, that is attributable to wide range of beneficial characteristics associated with automated trucks
Urban garbage treatment segment will grow at highest growth rate, on account of rapid boost in global urban population and rising infrastructure development
Asia Pacific dominated the global market with considerable share, owing to increased government focus on initiatives and schemes promoting effective waste management
The key market players include BYD Company, EZ Pack Holding, Dennies Eagle, Bridgeport Manufacturing, Battle Motors, Mack Trucks, and Labrie Enviroquip Group
Polaris Market Research has segmented the garbage truck bodies market report based on product type, technology, application, and region: