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Garbage Truck Bodies Market to Expand at a CAGR of 5.9% over 2024 to 2032; Increasing Inclination toward Vehicle Electrification to Propel Industry Growth

March 12, 2024 | Automotive & Transportation

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



  • McNeilus Truck and Manufacturing (U.S.)

  • Haul-All Equipment Ltd. (Canada)

  • DENNIS EAGLE LTD (U.K.)

  • Fujian Longma Environmental Sanitation Equipment Co., Ltd (China)

  • New Way (U.S.)

  • Heil (U.S.)

  • BYD Company Ltd. (China)

  • Labrie Enviroquip Group (Canada)

  • Curbtender Sweepers, LLC (U.S.)

  • Boivin Evolution Inc. (Italy) 


Key Industry Development



  • November 2022 – Rollins Machinery, a certified distributor of the Labrie Group, entered a collaboration with Mach Trucks. The deal was focused on exhibiting its Labrie Automizer Right-hand EV demo unit at the BC Trucking Association event.


Further Report Findings



  • The Asia Pacific market size stood at USD 1.39 billion in 2023. The region held a leading share in the market in the same year owing to the mounting recycling efforts for minimizing the environmental impact of waste and garbage.

  • In 2023, North America recorded a substantial share in the global market for garbage truck bodies. This is due to the escalating EV adoption for the mitigation of carbon emissions and combating pollution.

  • Based on product type, the market is segmented into front loaders, rear loaders, and side loaders. The side loader segment is estimated to grow at the fastest pace over the analysis period due to the ease of handling offered by these vehicles.

  • On the basis of application, the market is segmented into urban garbage treatment, building & mining industry, and others. The urban garbage treatment segment is poised to register a key share in the market throughout the study period. The rising product demand for improved garbage disposal and waste management practices is anticipated to drive the dominance of the segment.


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



  • Front Loaders

  • Rear Loaders

  • Side Loaders



By Application



  • Urban Garbage Treatment

  • Building and Mining Industry

  • Others



By Technology          



  • Manual

  • Semi-/Fully Automatic



By Geography



  • North America (By Product Type, By Application and By Technology)

    • U.S. (By Application)

    • Canada (By Application)

    • Mexico (By Application)



  • Europe (By Product Type, By Application and By Technology )

    • Germany (By Application)

    • France (By Application)

    • U.K. (By Application)

    • Rest of Europe (By Application)



  • Asia Pacific ( By Product Type, By Application and By Technology)

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • Rest of Asia Pacific (By Application)



  • Rest of the World ( By Product Type, By Application and By Technology )


Global Garbage Truck Bodies Market
  • PDF
  • 2023
  • 2019-2022
  • 200

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