Waste or Garbage Collection Vehicle Market Analysis

The market is segmented by vehicle type into light, medium, and heavy-duty vehicle, out of which, the medium-duty vehicle segment is anticipated to hold the largest share in the global waste or garbage collection vehicle market on account of the high usage of these trucks for the pickup, delivery, small dumps and lighter garbage truck applications. Additionally, on the basis of application, the segment for urban garbage treatment is predicted to grab the largest share during the forecast period, which can be credited to the rapid increase in the urban population around the world, and thus in the total waste generated by these people. Another statistic by the World Bank depicts that in 2020, 56.15 percent of total world population lived in urban areas, up from 55.714 percent in 2019. Apart from this, rising focus of manufacturers to enhance the process of garbage collection in urban areas is also assessed to boost the growth of the market segment in the years to come.

Our in-depth analysis of the global waste or garbage collection vehicle market includes the following segments