Waste or Garbage Collection Vehicle Market: Current Analysis and Forecast (2023-2030)

Waste collection vehicles, also referred to as garbage collection vehicles, are made to collect trash from both residential and non-residential sectors. The removal of trash from neighborhoods, streets, society, and roadways is done with the use of a waste or garbage-collecting vehicle. From one nation to the next, the collection vehicle's design changes. This vehicle in several countries is equipped with separate, closed compartments for dry and wet rubbish. While some countries have garbage collection vehicles that lift and dump waste using hydraulic technology.

The global waste or garbage collection vehicle market is expected to grow at a significant CAGR of 4% during the forecasted period (2023-2030). Owing to the increased per capita income, and rise in industrialization, local governments in urban areas are in charge of effectively managing and regulating solid waste management. Surge in technological advancement and innovation that improve the collection process, as well as the separation of wet and dry waste and customer awareness, are the other key factors expected to propel the growth of the industry.

Based on loader type, the market is segmented into front loader, rear loader, automated side loader, and others. Amongst them, the rear loader category is expected to show expansion during the forecast period. The rear-loading garbage truck is commonly used for the street's trash collection. The compaction cycle squeezes the waste against a steel plate positioned right behind the cab, which is the key to its operational efficiency. This removes waste liquids and air from the vehicle, allowing it to make fewer visits to the landfill. Due to its teardrop-shaped form, a rear-loading dump truck is also an excellent solution for crowded metropolitan locations. In addition, rear loaders can also be equipped with automated cart tippers, which minimizes stress and pressure on sanitation workers.

Based on vehicle type, the market is divided into light duty, medium duty, and heavy duty. Among them, the medium duty segment held the maximum market share in 2022. Medium duty vehicles are designed to carry a moderate amount of weight and are typically used for tasks such as waste collection, delivery, and transportation. Used in urban and suburban areas, where there is a high demand for waste collection services. The medium duty segment is particularly popular among waste management companies, as these vehicles are able to carry a moderate amount of weight and are well-suited for the tasks of waste collection and transportation. Additionally, medium duty vehicles are often more fuel-efficient than larger vehicles, making them a cost-effective option for waste management companies. This makes them a popular choice for waste management companies, as they are able to provide efficient and cost-effective waste collection services to their customers.

Based on technology, the market is bifurcated into manual and semi-automatic. Among them, the manual category is anticipated to witness the highest CAGR during the forecast period. Manual waste collection vehicles are those that are operated by a driver and require manual labor to collect and transport waste. These vehicles are often used in residential areas, where there is a high demand for waste collection services but where the volume of waste is relatively low. The manual category is particularly popular among waste management companies, as these vehicles are able to navigate narrow streets and tight spaces, making them well-suited for waste collection in urban and suburban areas. Additionally, manual waste collection vehicles are often more cost-effective than automated vehicles, making them a popular choice for waste management companies looking to reduce costs. This makes them a popular choice for waste management companies, as they are able to provide efficient and cost-effective waste collection services to their customers.

Based on application, the market is bifurcated into residential and non-residential. The non-residential segment holds the largest share and is expected to register the highest CAGR in the forecasted period. Non-residential waste refers to waste generated by businesses, institutions, and other organizations that are not residential properties. This waste is typically generated in larger quantities than residential waste and requires specialized waste collection vehicles to handle it. The non-residential segment is particularly popular among waste management companies, as these vehicles are able to handle the larger volumes of waste generated by businesses and institutions. Additionally, non-residential waste often requires specialized handling and disposal, making it a challenging task for waste management companies. This makes the non-residential segment a major driver of the waste or garbage collection vehicle market, as waste management companies are able to provide specialized waste collection and disposal services to their customers.

For a better understanding of the market adoption of the waste or garbage collection vehicle market, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific holds the major market share in the waste or garbage collection vehicle market in 2022. Owing to the increasing government spending on initiatives to build a healthy and clean environment, which ultimately presents rewarding opportunities to manufacturers of municipal solid waste trucks and vehicles. Additionally, the surge in spending for the creation of emission-free vehicles by local regulatory bodies is a result of rising air pollution levels. Moreover, the growing urbanization and the implementation of smart cities in nations like India and China, demand improved sewage treatment infrastructure and services, as well as concerns about health risks caused by the continuously rising amount of waste produced on a regular basis. Thus, such factors are increasing the demand for waste or garbage collection vehicles in the APAC Region.

Some of the major players operating in the market include: Heil; McNeilus Truck and Manufacturing; Labrie Group; Curbtender Sweepers, LLC; Geesink; Bridgeport Manufacturing; FAUN Umwelttechnik GmbH & Co. KG; Haul-All Equipment Ltd.; Fratelli Mazzocchia Spa; Nord Engineering s.p.a.