Garbage Truck Bodies Market Size

Garbage Truck Bodies Market size was valued at USD 4.2 Billion in 2023 and is likely to reach USD 8.03 Billion by the end of 2036, expanding at around 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of garbage truck bodies is assessed at USD 4.39 Billion. The growth of the market can primarily be attributed to the increasing amount of waste generated worldwide. For instance, it is estimated that the global waste generation by 2050 to reach more than 3 billion tons.

Garbage was often disposed in close proximity of the habitat such as into sewers, on streets and in rivers. Since the invention and application of garbage trucks, disposal of the waste that we generate became more organized. The rising innovations in the garbage truck bodies in the recent time is the result of growing amount of waste generated each day and the changing characteristics of the waste generated. With the rising advancements towards smart cities, the demand for different types of garbage truck bodies is on the rise amongst the municipal corporations, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global garbage truck bodies market during the forecast period. It was found that, globally, the technology spending on smart city initiatives is projected to reach about USD 189 billion by 2023.