In a recent business intelligence study, FactMR presents the nitty-gritty of the global garbage collection trucks market considering 2014-2018 as the historic year and 2019–2029 as the stipulated time frame. The business report highlights the drivers, restraints, opportunities and trends affecting garbage collection trucks market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.

The garbage collection trucks market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Bridgeport Manufacturing, Dongfeng Motor Corporation, Geesinknorba Ltd., Dennis Eagle Inc., and many others.

The garbage collection trucks market report addresses the below-mentioned queries:

Why are vendors shifting away from traditional methods of manufacturing garbage collection trucks?
How does the global garbage collection trucks market looks like in the next five years?
Which end use industry is expected to surpass segment by the end of 2029?
What innovative products are being introduced by the players in the global garbage collection trucks market?
Which regions are showing the fastest market growth?

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Surpassing a valuation of US$10Bn by the end of the forecast period (2019-2029), the garbage collection trucks market is forecast to follow a moderate growth trajectory. Management of solid waste is one of the most intractable problems for local authorities in urban centers. Collection of waste is a prime concern, as governments are investing a large amount in solid waste management. This has accelerated the demand for garbage collection trucks. Proliferation of industries, burgeoning urban population, and waste generation is pushing the demand for garbage collection trucks. Owing to increased spending on waste management plans, Fact.MR says that the global garbage collection truck market is expected to grow at a value CAGR of 4.5% during the forecast period.  

Key Takeaways of Garbage Collection Trucks Market

The municipal garbage segment is estimated to create an absolute dollar opportunity of around US$ 2 Bn during the forecast period and is estimated to account for 50% of the overall value opportunity in the global market by the end of 2029.
In the technology segment, automatic garbage collection trucks are projected to expand 1.6X as compared to 2019, by witnessing a value CAGR of 5% during the forecast period.
Rear loaders segment is forecasted to expand 1.3X as compared to the side loaders segment by the end of forecast duration.
Owing to an increase in awareness for proper waste disposal facilities in India and China, both countries collectively accounted for 20% of the global revenue share in 2019.

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Find More Valuable Insights on Garbage Collection Trucks

FactMR, in its new offering, provides an unbiased analysis of the global garbage collection trucks market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study divulges compelling insights on the garbage collection trucks market on the basis of product (front loaders, rear loaders, side loaders), technology (semi-automatic, automatic, and others), end use (municipal garbage, industrial garbage, and others), and across seven regions.

About FactMR

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