Garbage
truck is a truck used to clean & collect
garbage from societies, streets, localities, and roads. It is specially
designed to collect municipal waste and deposit the waste at recycling or waste
treatment & management plant. It is also known as refuse collection truck,
rubbish truck, trash compactor, waste compactor truck, bin lorry waste
collection vehicle, bin wagon, and dustcart. It is generally used in urban and
suburban areas. The truck has compartments (to collect waste), which can be
situated either in front or at the rear of the vehicle. The trucks vary in size
according to the need of the service. Some of the associated key features are
included high quality hydraulic system, suitable shape or the rational
structure, prolonged service life, dongfeng chassis, increased durability and
reliability of performance.
According to study, “Global Garbage Truck Market 2019 by Manufacturers,
Regions, Type and Application, Forecast to 2024” the key
companies operating in the global garbage truck market are Heil Co, McNeilus
Truck & Manufacturing, Kirchhoff Group, Bridgeport Truck Manufacturing,
Inc., New Way, Haul-All Equipment, Labrie Wnviroquio, Environmental Solutions
Group., Fujian Longma sanitation, Ceec Trucks Industry, Dongfeng Motor, Galbreath,
EZ Pack, Terberg Matec UK Ltd., Mack, Autocar Trucks, Pak-Mor, Faun
Umwelttechnik GmbH & Co. KG., Curbtender, Daimler AG, Legras Industries,
Xiagong Chusheng (Hubei) Special-Purpose Vehicle Co., LTD, Nantong Mingnuo
Electric Technology Co. Ltd., Curbtender Sweepers, LLC, Wayne, Cheng Li, Foton
Car, Zoomlion, Cnhtc. Key manufacturers are progressively discovering new ways
for extending the life as well as imbibe additional features for instance addition
of various novel equipment for collection of waste from streets, real time
monitoring and segregation of waste.
Based on product type, garbage truck market is segmented into front loaders, rear loaders
and side loaders. Based on technology, market is segmented into semi-automatic
technology and manual technology. Based on components, market is segmented into
telescopic cylinder, control box, container cylinder, slide cylinder, tailgate
cylinder, shovel cylinder, hydraulic oil tank, a rear directional control
valve, a front directional control valve and counter pressure valve etc. In
addition, based on application, market is segmented into building & mining
industry, urban garbage treatment and others.
The garbage truck market is driven by growth
in automation in various industrial verticals, followed by rise in need for
inculcation of high-end features among end-users, growth in development of new
garbage collection equipment and waste segregation, difficulty in managing different
type garbage and primitive & inappropriate waste management method, increase
in advancements in technology, and rise in awareness for proper waste disposal
facilities. However, high cost of trucks may impact the market. Moreover, rise
in government initiatives, such as Swach-Bharat and smart-city, to create a
healthy & clean environment are expected to offer significant opportunity
to the market. Furthermore, change in fashion trends and high demand for
different packaged products is key trends for market.
Based on geography, the North-American region
holds major share, followed by European region in garbage truck market owing to strong presence of key players and growth
in regulation and strong policies related to environment safety in the region.
The Asian-Pacific region is expected to witness higher growth rate due to large
industrial base, rise in population & increase in industrialization and
increase in stable residential sector over the forecast period. It is projected
that future of the market will be bright on account of increase in popularity
of public-private partnerships between municipalities and private companies
during the forecast period. The worldwide market for is estimated to grow at a
CAGR of approximately 5.5% over the next five years, will reach US $3080
million in 2024, from US $2240 million in 2019.
For more information on the research report,
refer to below link:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
No comments:
Post a Comment