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Waste or Garbage Collection Vehicle Market Trends

  • Report ID: 3377
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Waste or Garbage Collection Vehicle Market Trends

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

2023

Forecast Year

2024-2036

CAGR

4.4%

Base Year Market Size (2023)

USD 9.38 billion

Forecast Year Market Size (2036)

USD 16.42 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Author Credits:  Saima Khursheed


  • Report ID: 3377
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of waste or garbage collection vehicle is assessed at USD 9.71 billion.

Waste or Garbage Collection Vehicle Market size was over USD 9.38 billion in 2023 and is likely to reach USD 16.42 billion by 2036, witnessing around 4.4% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by rising concerns regarding effective waste management and growing automation in industry verticals globally.

Asia Pacific is predicted to account for largest revenue share by 2036, 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.
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