Waste or Garbage Collection Vehicle Industry - Regional Synopsis
APAC Market Statistics
On the basis of geographical analysis, the global waste or garbage collection vehicle market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. AAsia Pacific industry is expected to hold largest revenue share by 2037, on the back of high population of the region, growing number of efforts to improve municipal waste sorting performance in countries, namely China, India, Singapore and Australia, and increasing development of control rooms to help track waste collection vehicles. As per the United Nations Population Fund Association, Asia pacific is the home to 60 percent of people in the world, i.e., a total of 4.3 billion people. Moreover, the waste or garbage collection vehicle market in North America is assessed to occupy the largest share during the forecast period owing to the rising investments by major waste collection companies to incorporate technological advancements in their product portfolio, and surge in demand for hybrid vehicles in the region.
