The Garbage Collection Trucks Market to create turbulence in automotive sector at a CAGR of 4% between 2019 and 2029

Published On : 11/18/2021

The global sales of garbage collection trucks reached ~62,155 (units) in 2018, as revealed by the latest report on the garbage collection trucks market by PMR. According to the analysis, the garbage collection trucks market is projected to grow at ~4% CAGR during the forecast period. Rising demand for garbage collection trucks from municipal and industrial sectors is likely to propel the garbage collection trucks market growth during the forecast period.

According to the detailed research and deep study, increasing industrial activities & huge waste generation across the globe has led to the growth of the garbage collection trucks market. Moreover, heavy demand for refuse trucks for municipal and industrial garbage collection applications is set to directly contribute to the growth of the garbage collection trucks market during the forecast period.

Significant demand for automatic garbage collection trucks is contributing to the growth of the garbage collection trucks market throughout the forecast period. The global garbage collection trucks market value is projected to be ~US$ 7 Bn by the end of 2019, and is expected to grow ~1.3X by the end of the 2029.

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FACTS AT A GLANCE

Companies: McNeilus Truck & Manufacturing, Inc. Overview,Zoomlion Heavy Industry Science & Technology Co., Ltd. ,Fujian Longma Environmental Sanitation Equipment Co., Ltd,Dongfeng Motor Corporation,Heil – An Environmental Solutions Group Company,PAK-MOR LTD.,FAUN Umwelttechnik GmbH & Co.KG,EZ-Pack Refuse Hauling Solutions, LLC,Labrie Enviroquip Group,Bridgeport Manufacturing,Dennis Eagle Inc.,Geesinknorba Ltd.,Scranton Manufacturing Corporation, Inc,CEEC TRUCKS INDUSTRY CO., LIMITED.,Curbtender, Inc

Coverage: All major geographies and key segments

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Segments: Garbage Collection Trucks Market Segmented By Waste Collection Vehicle, Garbage Trucks, Solid Wastes Trucks

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

ABSTRACT-

Persistence Market Research (PMR) recently published a study report on the global garbage collection trucks market. The report provides detailed valuation on the key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the garbage collection trucks market structure. This market research report presents exclusive facts and figures about how the garbage collection trucks market will grow over the forecast period. 

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Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the garbage collection trucks market over the forecast period.

The study is relevant for manufacturers in the garbage collection trucks market, as well as stakeholders, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the garbage collection trucks market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the garbage collection trucks market can leverage the information and statistics presented in PMR’s research report.

The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the garbage collection trucks market. The study also offers actionable insights based on the future trends in the garbage collection trucks market. Furthermore, regional players and new entrants in the garbage collection trucks market can also use the information presented in this report to make business decisions and gain momentum in the market.

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