Garbage Trucks Market Is Expected To Witness a Sustainable Growth By 2027

Garbage Trucks Market

Garbage Trucks: Introduction

Garbage truck or dustbin lorry is designed to collect small quantities of waste and haul the collected waste to a waste treatment facility. Other common garbage trucks are trash truck, dump truck, dustbin lorry, bin lorry, and bin motor. These trucks are commonly seen in urban areas.
Rapid industrialization and urbanization in developed and developing economies has raised concerns over waste management. Garbage trucks, which transport waste are needed for effective waste management and maintaining cleanliness.

Key Drivers of Global Garbage Trucks Market

According to the World Bank, annual municipal waste generated in developed countries is higher than developing or underdeveloped economies, owing to rise in urban population. In order to keep an area clean and avoid spreading of epidemics due to waste, waste generated needs to be transported daily to waste management sites, fueling the market for garbage trucks.
Medicinal waste generated by hospitals is hazardous and needs to be treated separately. A special purpose garbage truck is needed for safe disposal of this waste at the waste management site. Thus, there is a demand for garbage trucks in the healthcare industry.
Urbanization is leading to the expansion of the construction industry. Sand, cement, or bricks needed for construction of houses has led to a rise in mining activity as well. Garbage trucks carry sand, gravel, demolition waste, etc., from a mining or construction site to waste management sites. Expansion of the mining and construction industries is likely to propel the global garbage truck market during the forecast period.

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High Operating and Maintenance Cost to Hamper Market

Garbage trucks are off-road vehicles and require more power to operate
Garbage trucks have high initial cost and maintenance charges.
Stringent environmental norms in order to curb air pollution restricts the use of diesel-operated vehicles, such as garbage trucks

Municipal Waste Management Segment to be Lucrative

According to the World Health Organization, approximately 12.6 million deaths occur due to unhealthy environments. With respect to increase in population and rising municipal solid waste generation, governments are spending substantial amounts to ensure efficient working of wastewater treatment and solid waste management plants. Garbage collection trucks are required for proper functioning of the waste management system. This factor is expected to propel the global garbage trucks market during forecasted period.

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Key Players Operating in Global Garbage Trucks Market

The global garbage trucks market is highly concentrated with top manufacturers. Some of the key players operating in the global garbage trucks market are:

Combilift Material Handling Solutions
Labrie Enviroquip Group
Doosan Corporation
Fujian Longma Environmental Sanitation Equipment Co., Ltd.
Caterpillar
BAS Mining Trucks
BELAZ NORTH AMERICA INC
Cummins Inc.
Liebherr
EZ-Pack

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