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The global garbage truck bodies market size stood at USD 4.29 billion in 2023. The market value is slated to rise from USD 4.44 billion in 2024 to USD 7.01 billion by 2032 at a CAGR of 5.9% during 2024-2032. Fortune Business Insights™ presents this information in its report titled “Garbage Truck Bodies Market Size, Share & Industry Analysis, By Product Type (Front Loaders, Rear Loaders, and Side Loaders), By Application (Urban Garbage Treatment, Building & Mining Industry, and Others), By Technology (Manual and Semi-/Fully Automatic), and Regional Forecast, 2024-2032”.
The various components of garbage truck bodies comprise compactors, refuse containers, and others that help in efficient collection of waste. The rise in government initiatives focused on the implementation of strategies centered on the improvement of waste disposal and collection is anticipated to favor market growth over the ensuing years.
The industry recorded a decline in the demand for new truck bodies. This was due to economic slowdown and a drop in refuse generation during the COVID-19 pandemic period.
Mcneilus Truck and Manufacturing, Inc., Acquired Cartseeker Curbside Automation Product to Gain Competitive Edge
In March 2022, McNeilus Truck and Manufacturing, Inc., entered an agreement for acquiring the CartSeeker curbside automation product. The solution would be acquired from Waterloo Controls, Inc., and Eagle Vision Systems, Inc. The investment is touted to help the company in driving ahead its strategy of designing and developing heavy duty truck advancements.
The AI-based recognition technology helps detect and locate curbside waste carts. It also helps in automating a truck’s robotic lift arm operation without joystick manipulation.
Industry Value to Rise Owing to Increasing Emphasis on Vehicle Electrification
There has been a greater emphasis on conducting efficiency assessments for electric truck bodies. These vehicles are being considered for decreasing carbon emission as well as noise pollution. The rising development of heavy-duty electric waste collection trucks is expected to drive the global garbage truck bodies market growth over the forthcoming years. Companies are designing and developing heavy-duty waste collection trucks in order to compete with performance of standard diesel vehicles.
However, the expenses involved in product manufacturing could affect the expansion of the industry.
Leading Companies Incorporate Advanced Technologies to Enhance Production
Key industry players are centered on the deployment of advanced technologies such as cloud-based execution systems and autonomous robotics for improving vehicle production. These steps are aimed at strengthening their garbage truck bodies market share. McNeilus Truck and Manufacturing is one of the players which has adopted such technologies in its production process.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/garbage-truck-bodies-market-103323
Key Players
Key Industry Development
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 5.9% from 2024 to 2030 |
Unit | Value (USD Billion) & Volume (Units) |
Segmentation
| By Product Type
|
By Application
| |
By Technology
| |
By Geography
|