The study is relevant for stakeholders in the Garbage collection trucks market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the garbage collection trucks market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the garbage collection trucks market.It also offers actionable insights based on future trends in the garbage collection trucks market.
Surpassing a valuation of US$10Bn by the end of the forecast period (2019-2029), the garbage collection trucks market is forecast to follow a moderate growth trajectory. Management of solid waste is one of the most intractable problems for local authorities in urban centers. Collection of waste is a prime concern, as governments are investing a large amount in solid waste management. This has accelerated the demand for garbage collection trucks. Proliferation of industries, burgeoning urban population, and waste generation is pushing the demand for garbage collection trucks. Owing to increased spending on waste management plans, Fact.MR says that the global garbage collection truck market is expected to grow at a value CAGR of 4.5% during the forecast period.
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Garbage Collection Trucks Market - Scope Of The Report:
Fact.MR recently published a market study on the global market for garbage collection trucks.
The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the garbage collection trucks market structure.
The market study presents exclusive information about how the Garbage Collection Trucks market will grow during the forecast period of
Competitive Landscape Analysis
The report offers in-depth competitive analysis, profiling some of the leading companies operating in the Garbage Collection Trucks market. It studies in detail their response to key developments in the automotive sector.
Strategies adopted by the market players to cater to the demand for high-performing vehicles have been studied in the detailed competitive landscape.
Manufacturers Focus on Automatic Garbage Collection Trucks:
Manufacturers of garbage collection trucks are rapidly shifting from conventional to automatic technology. Trending electric garbage trucks in the market are expected to be a major opportunity to move away from the conventional diesel-fuel-burning garbage trucks which tend to produce harmful emissions that impact the environmental negatively. Launch of advanced products that offer various operational benefits and comply with the existing regulations has become a key trend among market actors. Moreover, manufacturers are exploring new ways to extend the shelf life of garbage trucks. Stakeholders are also focusing on additional features such as real time monitoring, addition of new equipment for collection of waste from streets, and segregation of waste. For instance, in April 2019 and in June 2019, the Lion Electric Co. and Boivin Évolution launched co-developed electric garbage collection class 8 truck with a powertrain and a fully electric automated collection hopper.
Garbage Collection Trucks Market Segmentations:
· By Product :
- Front Loaders
- Rear Loaders
- Side Loaders
· By Technology :
- Semi-automatic
- Automatic
- Others
· By End-Use :
- Municipal Garbage
- Industrial Garbage
- Others
· By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- MEA
- Oceania
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