PUBLISHER: The Business Research Company | PRODUCT CODE: 1619557
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619557
An electric garbage van is a vehicle designed for the collection and transportation of waste or recyclables, powered by electric batteries instead of traditional internal combustion engines. These vans are commonly used by municipal waste management services and private companies to minimize emissions, reduce noise pollution, and lower operating costs.
The main types of products in electric garbage vans include garbage tippers, garbage cycle e-rickshaws, battery electric vans, and other variations. A garbage tipper is a vehicle equipped with a hydraulic system that enables the rear container to be lifted and emptied with ease. These tippers come in various load capacities, ranging from less than 500 kg to between 500 and 800 kg, and over 800 kg, serving different needs such as commercial garbage collection, industrial waste management, and other applications.
The electric garbage van market research report is one of a series of new reports from The Business Research Company that provides electric garbage van market statistics, including electric garbage van industry global market size, regional shares, competitors with an electric garbage van market share, detailed electric garbage van market segments, market trends and opportunities, and any further data you may need to thrive in the electric garbage van industry. This electric garbage van market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The electric garbage van market size has grown rapidly in recent years. It will grow from $0.62 billion in 2023 to $0.70 billion in 2024 at a compound annual growth rate (CAGR) of 122.9%. The historical growth can be attributed to several factors, including increasing environmental regulations, rising urbanization, higher fuel costs, government incentives for clean energy vehicles, and growing public awareness of sustainability.
The electric garbage van market size is expected to see rapid growth in the next few years. It will grow to $1.14 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The anticipated growth during the forecast period can be attributed to several factors, such as the expansion of charging infrastructure, the increasing adoption of smart city initiatives, evolving emission regulations, a rise in sustainable waste management practices, and advancements in battery capacity and energy density. Key trends expected during this period include improvements in battery technology, the development of smart waste collection systems, the growth of public and private charging networks, rising demand for modular and customizable electric garbage vans, and ongoing infrastructure development.
The increasing adoption of emission-free vehicles is projected to boost the electric garbage van market. Emission-free vehicles, which include those powered by electricity or hydrogen, produce no exhaust emissions during operation. Their adoption is driven by environmental benefits, government incentives, and technological advancements that lead to lower operating costs and improved energy efficiency. Electric garbage vans contribute to this trend by replacing traditional waste collection trucks with zero-emission alternatives. For example, in April 2024, the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, reported a 47.3% increase in the number of battery electric vehicles compared to 2022. These zero-emission vehicles now make up 2.7% of all cars on the road, up from 1.9% the previous year. Consequently, the rising adoption of emission-free vehicles is expected to drive growth in the electric garbage van market.
Key players in the electric garbage van market are focusing on technological innovations, such as all-electric waste collection vehicles, to reduce emissions, cut operational costs, and enhance efficiency in urban waste management. All-electric waste collection vehicles are powered entirely by electricity, offering zero emissions and reduced noise, while also lowering operational costs and minimizing environmental impact. For instance, in July 2023, Grundon Waste Management, a UK-based company, launched the UK's first all-electric waste collection vehicle, a Scania model, aimed at providing zero-carbon waste collections in Reading and Newbury. This initiative features two operational electric vehicles, one in Colnbrook serving commercial customers in London and the Thames Valley, and another in Bristol. These vehicles use electricity generated from the waste they collect, sourced from Grundon's Energy from Waste (EfW) facility, supporting sustainable operation. Besides electric vehicles, Grundon is also exploring alternative fuels, such as hydrogen and hydrotreated vegetable oil (HVO), to further reduce its environmental footprint and enhance air quality in urban areas.
In April 2024, Saitama City, located in Japan, teamed up with JFE Engineering to introduce battery-powered garbage trucks that produce zero emissions. These trucks will be powered by electricity generated from waste at Saitama's Clean Center Osaki, contributing to the city's decarbonization efforts. JFE Engineering, a Japan-based company, is known for manufacturing electric vehicle chargers and will play a key role in supporting this environmentally friendly initiative.
Major companies operating in the electric garbage van market are Mercedes-Benz, Hyundai Motor Company, Tesla Inc., Daimler Trucks, Groupe Renault, Scania Group, Mitsubishi Motors, Iveco Group Company, Hino Motors, MAN Truck & Bus, Oshkosh Corporation, Terex Corporation, Heil Co., Kirchhoff Group, Peterbilt, McNeilus, Proterra, Lion Electric, Autocar Trucks, Bridgepart Truck Manufacturing, GreenPower Motor Company, Bollinger Motors, Curbtender, Cenntro Automotive, Workhorse Group
Asia-Pacific was the largest region in the electric garbage van market in 2023. The regions covered in the electric garbage van market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electric garbage van market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electric garbage van market consists of sales of front-loading electric garbage vans, side-loading electric garbage vans, dual-purpose electric garbage vans, custom electric garbage vans, and compacting electric garbage vans. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electric Garbage Van Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electric garbage van market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electric garbage van ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric garbage van market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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