Waste or Garbage Collection Vehicle Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Concerns Regarding Effective Waste Management
- Growing Automation in Industry Verticals Globally
Challenges
- High Cost of Waste Collection Vehicles
Waste or Garbage Collection Vehicle Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.4% |
|
Base Year Market Size (2024) |
USD 9.79 billion |
|
Forecast Year Market Size (2037) |
USD 17.14 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of waste or garbage collection vehicle is evaluated at USD 10.16 billion.
Waste or Garbage Collection Vehicle Market size was over USD 9.79 billion in 2024 and is poised to exceed USD 17.14 billion by 2037, growing at over 4.4% CAGR during the forecast period i.e., between 2025-2037.
Asia 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.
The major players in the market are AMS Spa, AUTOCAR, LLC., AB NARPES TRA & METALL - NTM, FAUN Umwelttechnik GmbH & Co. KG, and others.
