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2025-05-08 05:23:31

What Are the Key Takeaways from Recent Mergers and Acquisitions in the Garbage Collection Vehicle Industry?

Garbage Collection Vehicle Market Set to Reach USD 23.2 Billion by 2032, Driven by Technological Advancements and Regional Initiatives

The global Garbage Collection Vehicle Market Size is projected to grow from USD 17.08 billion in 2024 to USD 23.2 billion by 2032, registering a CAGR of 3.9% during the forecast period. This growth is fueled by increasing urbanization, rising municipal solid waste generation, and the adoption of advanced waste management technologies.

Explore additional details by clicking the link provided: https://www.maximizemarketresearch.com/request-sample/85054/

Competitive Landscape

The market is characterized by the presence of several key players focusing on innovation and sustainability. Notable companies include Heil, AB NÄRPES TRÄ & METALL – NTM, Quality Enviro Engineers Private Limited, FAUN Umwelttechnik GmbH & Co. KG, Fratelli Mazzocchia Spa, McNeilus Truck and Manufacturing, Labrie Group, Dennis Eagle, New Way Refuse Trucks, Dongfeng Motor Corporation, RNOW, Terberg RosRoca Vehicle Manufacturing LLC, Curbtender Sweepers, LLC, Iveco Group Company, Pak-Mor Ltd, Dulevo International, Alke, and Isuzu Motors.

Regional Demand Highlights

The Asia-Pacific region is expected to account for the largest market share during the forecast period, driven by rapid urbanization, the introduction of smart cities in countries like India and China, and increasing concerns over health risks associated with waste accumulation.

Country-Specific Insights

Sustainable Opportunities in Vietnam

Vietnam is pioneering sustainable waste management by piloting electric garbage trucks in Hue City. This initiative, supported by the United Nations Development Programme and the Japanese government, marks a significant step towards e-mobility in the country.

Waste Management Consolidation in Thailand

Thailand's government has introduced a loan guarantee program for pickup trucks to revitalize its automobile sector, which faced a production low and an 8.8% drop in auto exports. The initiative includes a 5 billion baht ($147.80 million) support package over seven years, aiming to boost pickup truck sales by 6,250 units.

Technological Growth in Japan

Japan's industrial truck market is projected to grow at a CAGR of 22.4%, reaching a valuation of USD 24.46 billion by 2034. The surge is attributed to the country's focus on efficient logistics in the e-commerce sector, necessitating advanced material handling solutions.

Electric Vehicle Trends in South Korea

South Korea is witnessing a noticeable shift towards electric trucks, with 7.6% of domestically produced and sold trucks being all-electric as of 2020. This transition is indicative of the country's commitment to sustainable transportation solutions.

Automation Opportunities in Singapore

Singapore's strategic location and advanced infrastructure make it a hub for automation in material handling. The adoption of automated guided vehicles (AGVs) is enhancing operational efficiency in warehouses and distribution centers.

Market Expansion in the United States

The United States is investing in smart waste management systems, leading to increased demand for automated and energy-efficient garbage trucks. Government initiatives promoting sustainability and carbon emission reduction are further fueling the transition toward electric and hybrid garbage collection vehicles in the region.

For a deeper understanding, click on the link below: https://www.maximizemarketresearch.com/request-sample/85054/

Sustainability Trends in China

China is leading the shift towards liquefied natural gas (LNG)-fueled trucking, with over 108,000 LNG trucks sold in the first half of 2024. This transition is supported by government subsidies and stricter emission standards, contributing to a decline in diesel demand.

Innovation Updation in Europe

Europe is experiencing a surge in the adoption of electric trucks, with 7.8% of heavy trucks sold in Norway and 6.5% in Sweden being all-electric in 2024. This trend underscores the region's commitment to sustainable transportation solutions.

To dive into the specifics, click the below link: https://www.maximizemarketresearch.com/request-sample/85054/

Market Segmentation: In-Depth Analysis:

by Type

Front Loaders
Rear Loader
Automated Side Loaders
Others

Type-wise, The market for garbage collection trucks is separated into many categories, each designed to satisfy certain waste management needs. Large volumes of trash are commonly managed using front loaders, especially in commercial and industrial settings. These trucks are ideal for handling huge and heavy rubbish since they include a powerful lifting mechanism in the front for loading waste containers. They can efficiently gather from large bins or dumpsters that are frequently found at building or demolition sites because to their robust structure. On the other hand, rear loaders are frequently used in residential areas.

by Power source

Diesel
Electric
Hybrid

By Source of Power, With the usage of various power sources, including diesel, electric, and hybrid models, the market for waste collecting trucks is becoming increasingly fragmented. In the garbage disposal industry, diesel-powered trucks continue to be the most popular due to their dependability, long-distance driving range, and strength while carrying large loads. Because they can supply the required power, diesel engines are crucial for the collection of commercial and industrial garbage in locations with difficult or long-distance driving conditions. However, as cities and municipalities prioritize sustainability and reducing carbon emissions, electric garbage trucks are gaining popularity.

by Technology

Manual
Semi-Automatic

by Application

Residential
Non-Residential

For a detailed overview, click on the link provided: https://www.maximizemarketresearch.com/market-report/global-garbage-collection-vehicle-market/85054/

Market Key Players : In-Depth Analysis:

1. Heil
2. AB NÄRPES TRÄ & METALL – NTM
3. Garbage Truck Manufacturer
4. Quality Enviro Engineers Private Limited
5. FAUN Umwelttechnik GmbH & Co. KG
6. Fratelli Mazzocchia Spa
7. McNeilus Truck and Manufacturing
8. Labrie Group
9. Dennis Eagle
10. New Way Refuse Trucks

Note:

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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What Are the Key Takeaways from Recent Mergers and Acquisitions in the Garbage Collection Vehicle Industry? Garbage Collection Vehicle Market Set to Reach USD 23.2 Billion by 2032, Driven by Technological Advancements and Regional Initiatives The global Garbage Collection Vehicle Market Size is projected to grow from USD 17.08 billion in 2024 to USD 23.2 billion by 2032, registering a CAGR of 3.9% during the forecast period. This growth is fueled by increasing urbanization, rising municipal solid waste generation, and the adoption of advanced waste management technologies. Explore additional details by clicking the link provided: https://www.maximizemarketresearch.com/request-sample/85054/ Competitive Landscape The market is characterized by the presence of several key players focusing on innovation and sustainability. Notable companies include Heil, AB NÄRPES TRÄ & METALL – NTM, Quality Enviro Engineers Private Limited, FAUN Umwelttechnik GmbH & Co. KG, Fratelli Mazzocchia Spa, McNeilus Truck and Manufacturing, Labrie Group, Dennis Eagle, New Way Refuse Trucks, Dongfeng Motor Corporation, RNOW, Terberg RosRoca Vehicle Manufacturing LLC, Curbtender Sweepers, LLC, Iveco Group Company, Pak-Mor Ltd, Dulevo International, Alke, and Isuzu Motors. Regional Demand Highlights The Asia-Pacific region is expected to account for the largest market share during the forecast period, driven by rapid urbanization, the introduction of smart cities in countries like India and China, and increasing concerns over health risks associated with waste accumulation. Country-Specific Insights Sustainable Opportunities in Vietnam Vietnam is pioneering sustainable waste management by piloting electric garbage trucks in Hue City. This initiative, supported by the United Nations Development Programme and the Japanese government, marks a significant step towards e-mobility in the country. Waste Management Consolidation in Thailand Thailand's government has introduced a loan guarantee program for pickup trucks to revitalize its automobile sector, which faced a production low and an 8.8% drop in auto exports. The initiative includes a 5 billion baht ($147.80 million) support package over seven years, aiming to boost pickup truck sales by 6,250 units. Technological Growth in Japan Japan's industrial truck market is projected to grow at a CAGR of 22.4%, reaching a valuation of USD 24.46 billion by 2034. The surge is attributed to the country's focus on efficient logistics in the e-commerce sector, necessitating advanced material handling solutions. Electric Vehicle Trends in South Korea South Korea is witnessing a noticeable shift towards electric trucks, with 7.6% of domestically produced and sold trucks being all-electric as of 2020. This transition is indicative of the country's commitment to sustainable transportation solutions. Automation Opportunities in Singapore Singapore's strategic location and advanced infrastructure make it a hub for automation in material handling. The adoption of automated guided vehicles (AGVs) is enhancing operational efficiency in warehouses and distribution centers. Market Expansion in the United States The United States is investing in smart waste management systems, leading to increased demand for automated and energy-efficient garbage trucks. Government initiatives promoting sustainability and carbon emission reduction are further fueling the transition toward electric and hybrid garbage collection vehicles in the region. For a deeper understanding, click on the link below: https://www.maximizemarketresearch.com/request-sample/85054/ Sustainability Trends in China China is leading the shift towards liquefied natural gas (LNG)-fueled trucking, with over 108,000 LNG trucks sold in the first half of 2024. This transition is supported by government subsidies and stricter emission standards, contributing to a decline in diesel demand. Innovation Updation in Europe Europe is experiencing a surge in the adoption of electric trucks, with 7.8% of heavy trucks sold in Norway and 6.5% in Sweden being all-electric in 2024. This trend underscores the region's commitment to sustainable transportation solutions. To dive into the specifics, click the below link: https://www.maximizemarketresearch.com/request-sample/85054/ Market Segmentation: In-Depth Analysis: by Type Front Loaders Rear Loader Automated Side Loaders Others Type-wise, The market for garbage collection trucks is separated into many categories, each designed to satisfy certain waste management needs. Large volumes of trash are commonly managed using front loaders, especially in commercial and industrial settings. These trucks are ideal for handling huge and heavy rubbish since they include a powerful lifting mechanism in the front for loading waste containers. They can efficiently gather from large bins or dumpsters that are frequently found at building or demolition sites because to their robust structure. On the other hand, rear loaders are frequently used in residential areas. by Power source Diesel Electric Hybrid By Source of Power, With the usage of various power sources, including diesel, electric, and hybrid models, the market for waste collecting trucks is becoming increasingly fragmented. In the garbage disposal industry, diesel-powered trucks continue to be the most popular due to their dependability, long-distance driving range, and strength while carrying large loads. Because they can supply the required power, diesel engines are crucial for the collection of commercial and industrial garbage in locations with difficult or long-distance driving conditions. However, as cities and municipalities prioritize sustainability and reducing carbon emissions, electric garbage trucks are gaining popularity. by Technology Manual Semi-Automatic by Application Residential Non-Residential For a detailed overview, click on the link provided: https://www.maximizemarketresearch.com/market-report/global-garbage-collection-vehicle-market/85054/ Market Key Players : In-Depth Analysis: 1. Heil 2. AB NÄRPES TRÄ & METALL – NTM 3. Garbage Truck Manufacturer 4. Quality Enviro Engineers Private Limited 5. FAUN Umwelttechnik GmbH & Co. KG 6. Fratelli Mazzocchia Spa 7. McNeilus Truck and Manufacturing 8. Labrie Group 9. Dennis Eagle 10. New Way Refuse Trucks Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. Get Market Research Latest Trends : Visual Effects (VFX) Market https://www.maximizemarketresearch.com/market-report/visual-effects-vfx-market-global-market/148265/ Global Artificial Intelligence in Supply Chain Market https://www.maximizemarketresearch.com/market-report/global-artificial-intelligence-in-supply-chain-market/63829/ About Maximize Market Research: Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies. Contact Maximize Market Research: 3rd Floor, Navale IT Park, Phase 2 Pune Banglore Highway, Narhe, Pune, Maharashtra 411041, India sales@maximizemarketresearch.com +91 96071 95908, +91 9607365656

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