Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13.94 Billion | USD 21.46 Billion | 4.41% | 2024 |
The global garbage trucks market size was worth around USD 13.94 Billion in 2024 and is predicted to grow to around USD 21.46 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4.41% between 2025 and 2034. The report analyzes the global garbage trucks market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the garbage trucks industry.
Garbage trucks are vehicles designed to collect and transport municipal solid waste from the collection point and drop off the content at a treatment facility like a recycling center, landfill, or other transfer stations. Different regions have different names for garbage trucks. For instance, In Australia, they are called rubbish trucks whereas in the United Kingdom the term used is bin lorry or dustbin lorry. Other terms used are refuse truck, trash truck, junk truck, and bin van, amongst others. Garbage trucks can most commonly be sited in urban areas. These vehicles have been in existence for centuries in various forms. Before the technological boom, wagons and other related vehicular devices were used to transport solid waste, and with changing times the design and structure have undergone multiple conversions.
In 1920, the first self-propelled garbage truck was used but due to concerns related to foul smell and dropping of waste from all sides, the trucks were later changed to round compartments. In the same way, depending on the nature of the waste being handled and the amount, modern-day garbage trucks are developed to not only safely transfer the content but also to provide added assistance to human resources employed in the service to ease their task by using mechanical pulling and dropping techniques.
Growing urbanization to propel market demand
The global garbage truck market is projected to grow owing to the rampant modernization and urbanization of regions across the globe. As every economy strives to provide the regional population with a better standard of living along with efforts to upgrade infrastructure since it is an important measure of economic growth, more investments can be expected in favor of units or structures that form essential components of a modernized locality. Since urbanization does not only mean tall buildings and a constant supply of energy but when a region falls under the urban category it automatically receives the necessary funds for further development to make sure the growth trajectory does not get disrupted. For instance, as per official reports, New York city in the United States is known to spend over USD 1.5 billion on trash picked up both from residential spaces and public places. It costs around USD 24.21 per cubic yard to collect trash in the city.
Low waste collection rate to impede market expansion
Market penetration for garbage trucks depends heavily on the rate at which garbage is collected. The number is really low in underdeveloped nations as they generally lack a proper garbage collection protocol or do not have the right systems in place. For instance, in high-income economies, the garbage collection rate is as high as 100% while the same number in low-income economies is not more than 52%. Multiple factors could be causing this like lack of awareness and resources, diversion of funds to other most critical investments, etc. This could severely impact global market growth in the coming years.
Use of technology to provide excellent growth opportunities
The global garbage trucks market is projected to benefit from the rising amalgamation of technology and garbage trucks of waste disposal systems. Well-funded economies or municipal corporations are known to adopt advanced technology to align the region's entire waste disposing process including an upgrade in the type of garbage trucks being used. The recent ones are installed with high-tech systems to completely automate the process and improve interconnectivity.
Unaffordability, a major challenge during the growth period
The high-end garbage trucks are expensive and cannot be afforded on a large scale by many municipal corporations, especially the ones that are not well-funded. In such situations, the agencies have to work with relatively less effective garbage trucks that are loaded beyond capacity owing to less quantity of trash trucks being available. This is a major problem in various countries and manufacturers should invest more resources in managing the issue.
The global garbage trucks market is segmented based on Type, Application, and region.
Based on Type, the global garbage trucks market is divided into Front Loaders, Rear Loaders, Side Loaders.
On the basis of Application, the global garbage trucks market is bifurcated into Urban Garbage Treatment, Building & Mining Industry, Industrial Waste Collection, Municipal Waste Collection, Construction and Demolition Waste Collection.
Report Attributes | Report Details |
---|---|
Report Name | Garbage Trucks Market |
Market Size in 2024 | USD 13.94 Billion |
Market Forecast in 2034 | USD 21.46 Billion |
Growth Rate | CAGR of 4.41% |
Number of Pages | 182 |
Key Companies Covered | Autocar LLC, Dennis Eagle Inc., FAUN Umwelttechnik GmbH & Co. KG, FULONGMA GROUP Co. Ltd., Heil Environmental, Kirchhoff Group, Labrie Group, McNeilus Truck and Manufacturing Inc., New Way Trucks, Mack Trucks, Shandong Wuzheng Group Co. Ltd., XCMG Group, Ceec Trucks Industry Co. Ltd., Bridgeport Manufacturing, Curbtender Inc., Dongfeng Motor Group Co. Ltd., Environmental Solutions Group, EZ-Pack Refuse Hauling Solutions LLC, and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Garbage Trucks Market: Regional Analysis
North America to walk with the highest revenue
The global garbage trucks market is projected to witness surging growth in North America owing to the highly advanced infrastructure of countries like the US and Canada that spend heavily on developing garbage and waste disposal systems. The local authorities are well-funded to invest in all types of garbage trucks. The regional growth is also driven due to the presence of some of the biggest manufacturers of garbage trucks in the US. Heil Environmental Industries Limited, the world’s most dominating producer of garbage trucks is headquartered in the US. The company’s current revenue stands at USD 153.6 million. As of 2018, British Columbia and Nova Scotia, Canadian cities spend around USD 30 per person on waste management and disposal processes. In 2018, the city of Saskatoon, Canada spent more than USD 1.2 million on garbage tracking systems.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the garbage trucks market on a global and regional basis.
The global garbage trucks market is dominated by players like:
The global garbage trucks market is segmented as follows;
By Type
By Application
By Region
FrequentlyAsked Questions
Garbage trucks are vehicles designed to collect and transport municipal solid waste from the collection point and drop off the content at a treatment facility like a recycling center, landfill, or other transfer stations.
The global garbage trucks market is expected to grow due to increasing waste generation, and investments in smart and sustainable waste management systems.
According to a study, the global garbage trucks market size was worth around USD 13.94 Billion in 2024 and is expected to reach USD 21.46 Billion by 2034.
The global garbage trucks market is expected to grow at a CAGR of 4.41% during the forecast period.
North America is expected to dominate the garbage trucks market over the forecast period.
Leading players in the global garbage trucks market include Autocar LLC, Dennis Eagle Inc., FAUN Umwelttechnik GmbH & Co. KG, FULONGMA GROUP Co. Ltd., Heil Environmental, Kirchhoff Group, Labrie Group, McNeilus Truck and Manufacturing Inc., New Way Trucks, Mack Trucks, Shandong Wuzheng Group Co. Ltd., XCMG Group, Ceec Trucks Industry Co. Ltd., Bridgeport Manufacturing, Curbtender Inc., Dongfeng Motor Group Co. Ltd., Environmental Solutions Group, EZ-Pack Refuse Hauling Solutions LLC, among others.
The report explores crucial aspects of the garbage trucks market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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