Garbage Trucks: Introduction
- Garbage truck or dustbin lorry is designed to collect small quantities of waste and haul the collected waste to a waste treatment facility. Other common garbage trucks are trash truck, dump truck, dustbin lorry, bin lorry, and bin motor. These trucks are commonly seen in urban areas.
- Rapid industrialization and urbanization in developed and developing economies has raised concerns over waste management. Garbage trucks, which transport waste are needed for effective waste management and maintaining cleanliness.
Key Drivers of Global Garbage Trucks Market
- According to the World Bank, annual municipal waste generated in developed countries is higher than developing or underdeveloped economies, owing to rise in urban population. In order to keep an area clean and avoid spreading of epidemics due to waste, waste generated needs to be transported daily to waste management sites, fueling the market for garbage trucks.
- Medicinal waste generated by hospitals is hazardous and needs to be treated separately. A special purpose garbage truck is needed for safe disposal of this waste at the waste management site. Thus, there is a demand for garbage trucks in the healthcare industry.
- Urbanization is leading to the expansion of the construction industry. Sand, cement, or bricks needed for construction of houses has led to a rise in mining activity as well. Garbage trucks carry sand, gravel, demolition waste, etc., from a mining or construction site to waste management sites. Expansion of the mining and construction industries is likely to propel the global garbage truck market during the forecast period.
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High Operating and Maintenance Cost to Hamper Market
- Garbage trucks are off-road vehicles and require more power to operate
- Garbage trucks have high initial cost and maintenance charges.
- Stringent environmental norms in order to curb air pollution restricts the use of diesel-operated vehicles, such as garbage trucks
Municipal Waste Management Segment to be Lucrative
- According to the World Health Organization, approximately 12.6 million deaths occur due to unhealthy environments. With respect to increase in population and rising municipal solid waste generation, governments are spending substantial amounts to ensure efficient working of wastewater treatment and solid waste management plants. Garbage collection trucks are required for proper functioning of the waste management system. This factor is expected to propel the global garbage trucks market during forecasted period.
China, India to Hold Significant Market Share of Asia Pacific Garbage Trucks Market
- Growth of domestic vehicle manufacturing industry, investments of major OEM players in various industries such as automotive, construction, manufacturing industries, and mergers & acquisitions indicate high rate of development in China. The Government of China is focusing on improving environmental conditions and has invested considerable sums in effective waste management. These factors are likely to drive the market in China.
- India has launched important initiatives regarding cleanliness, such as ‘Swachh Bharat’. This is leading to increased use of garbage trucks in the country.
- These all factors indicate higher rate of growth for automotive garbage trucks in the region of Asia Pacific.
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Key Players Operating in Global Garbage Trucks Market
The global garbage trucks market is highly concentrated with top manufacturers. Some of the key players operating in the global garbage trucks market are:
- Combilift Material Handling Solutions
- Labrie Enviroquip Group
- Doosan Corporation
- Fujian Longma Environmental Sanitation Equipment Co., Ltd.
- BAS Mining Trucks
- BELAZ NORTH AMERICA INC
- Cummins Inc.
- ETF HOLDING B.V.
- Hitachi Construction Machinery Co. Ltd.
- Deutz AG
- Kubota Corporation
- AB Volvo
- McNeilus Truck & Manufacturing
- Zoomlion Heavy Industry Science&Technology Co. Ltd.
Global Garbage Trucks Market: Research Scope
Global Garbage Trucks Market, by Propulsion
Global Garbage Trucks Market, by Product Type
Global Garbage Trucks Market, by End-use Industry
- Municipal Waste Management
Global Garbage Trucks Market, by Capacity
- Below 25 Metric Tons
- 25–50 Metric Tons
- 51–150 Metric Tons
- 151–300 Metric Tons
- Above 300 Metric Tons
Global Garbage Trucks Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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10. What will be the barrier to entry for new players in the market?
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