Market Research Future (MRFR), reveals that the expansion of the Garbage Collection Vehicle Market 2023 can be at 6.5% CAGR across the review period 2023 to 2032. A complete assessment of the impact of pandemic on the garbage collection vehicle is offered with the report. There are different factors that are observed to impact the market. However, the increased demand for the maintenance of residential cleanliness is identified as the chief cause to support the expansion of the garbage collection vehicle market in the years to come.
Urbanization and industrialization
are other causes that are responsible for the increased need for proper waste
disposal facilities across the global. The rise in concerns for effective public
health, which, in turn, is creating demand for garbage collection vehicle that
can bolster the growth of this market in near future. Rise in environment
safety concern and increase in initiatives by governments to educate people and
promote health can support the rise of the garbage collection vehicle market.
Key Players
The major players operating in
the global garbage collection vehicle market are Heil Environmental (US),
Geesink B.V. (the Neatherlands), FAUN Umwelttechnik GmbH & Co. KG
(Germany), CEEC TRUCKS INDUSTRY CO., LIMITED (China), Bridgeport Manufacturing
(US), Zoomlion Heavy Industry Science and Technology Co., Ltd (China), Pak-Mor.
(US), Dennis Eagle Limited (UK), IVECO S.p.A. (Italy), and Dulevo International
S.p.A. (Italy).
Market Segment study
The segment analysis of the
garbage collection vehicle market is done by Front loader, Rear Loader, Loader
Type, and Automated Side Loader (ASL) among others. The rise in the demand for
automated side loader due to the high convince it offers is expected to support
the expansion of the garbage collection vehicle market in the assessment
period.
The Technology based segments of
the garbage collection vehicle market are Semi-Automatic and Manual. The rise
in demand for automatic garbage collection vehicles can support the expansion
of the market.
The Vehicle Type based segment of
the garbage collection vehicle market are Heavy Duty Vehicle and Light Duty
Vehicle. The increased application of heavy duty vehicle for garbage collection
can prompt the expansion of the market in the near future.
The Propulsion ICE based segment
of the garbage collection vehicle market are Electric Vehicle Battery Electric
Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), and Hybrid Electric
Vehicle (HEV). The Electric Vehicle Battery Electric Vehicle (BEV) is being
widely used for garbage collection.
The Application based segment of
the garbage collection vehicle market are Non-Residential and Residential. The
residential segment can churn considerable revenue for the market.
Market Research Analysis
Trends of the garbage collection
vehicles market is studied by our proficient research analysts for regions; EU,
North America, APAC, and the rest of the world. In Asia Pacific, the demand for
garbage collection vehicle is high due to the rise in the amount of residential
waste. Especially in lockdown, the garbage collection vehicle market is
expected to rise across the forecast period as residential garbage production
is observed to escalate. Rapid rise of industries and increase in infrastructure
development in the region is creating the need for electric garbage truck.
This can support the expansion of
the garbage collection vehicle market across the forecast period. In North
America, the garbage collection vehicle market is anticipated to increase due
to the deployment of modern technology. The economy of the region can also
impact the market significantly. In Europe, garbage
collection vehicle market size is observed to surge exponentially due to
the rapid improvement in technology and increased installation of IoT enabled
solutions and sensors in vehicles used for garbage collection.
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