Garbage Truck Bodies Market Trends

Growth Drivers

Increasing Amount of E-Waste – with changing nature of garbage, such as e-waste, the demand for various kind of garbage truck bodies is also increasing. Rising amount of e-waste, such as TVs, computers and phones and others is expected to boost the garbage truck bodies in the projected period. E-waste is estimated to rise to more than 70 million tons by 2030.
Rising Solid Waste–Related Emissions – for instance, it is anticipated that the if no improvements are made in this sector, the solid waste-related emissions is estimated to rise to 2.30 billion tons of CO2-equivalent per year by 2050.
Growing Global Population – which was found to be surged by 2.5 billion people in the last 30 years, up till 2020.
Increasing Urbanization – for instance, in 2020, more than 75% population of the developed economies lived in cities which is expected to keep increasing.

Challenges

Stringent Regulatory Framework
Changing Characteristics of Waste Generated
High Cost of Maintenance

Garbage Truck Bodies Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	5.1%
Base Year Market Size (2023)	USD 4.2 Billion
Forecast Year Market Size (2036)	USD 8.03 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of garbage truck bodies is assessed at USD 4.39 Billion.

The 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. Growing amount of waste generates as well as rising solid waste related emissions along with increasing population are some of the major factors anticipated to drive the growth of the market.

Asia Pacific is expected to hold majority industry share by 2036, backed by presence of a transportation network in the region, growing amount of waste generated, as well as rising awareness amongst the populace about the ill effects of dumping wastes in close proximity.

Boivin Evolution Inc., Dover Corporation, Oshkosh Corporation, Changsha Zoomlion Heavy Industry Science &Technology Development Co., Ltd., Fulongma Group Co., Ltd., Geeinknorba Group, Terberg RosRoca Group, Pak-Mor Ltd., Labrie Environmental Group, Bridgeport Manufacturing

Garbage Truck Bodies Market Trends