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Waste or Garbage Collection Vehicle Market

Global Waste or Garbage Collection Vehicle Market is expected to foresee high growth. Asia-Pacific holds the largest share!

Global Waste or Garbage Collection Vehicle Market is expected to grow at a CAGR of around 5% during the forecast period 2021-2027. According to Worldbank, global waste is expected to grow to 3.40 billion tonnes by 2050, more than double population growth over the same period. Overall, there is a positive correlation between waste generation and income level. Daily per capita waste generation in high-income countries is projected to increase by 19 percent by 2050, compared to low- and middle-income countries where it is expected to increase by approximately 40% or more. Waste generation initially decreases at the lowest income levels and then increases at a faster rate for incremental income changes at low-income levels than at high income levels. The total quantity of waste generated in low-income countries is expected to increase by more than three times by 2050. The rising waste generation can be one of the major factor for growth of waste or garbage collection vehicles market.

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Waste composition differs across income levels, reflecting varied patterns of consumption. High-income countries generate relatively less food and green waste, at 32 percent of total waste, and generate more dry waste that could be recycled, including plastic, paper, cardboard, metal, and glass, which account for 51 percent of waste. Middle- and low-income countries generate 53 percent and 57 percent food and green waste, respectively, with the fraction of organic waste increasing as economic development levels decrease. The lack of established standards for the creation of garbage collecting vehicles, as well as the truck’s high initial cost, are regarded the market’s major restraints. However, rising product developments, along with technological advancements in garbage collection vehicles around the world, rising demand for electric waste collection vehicles, and improved economic conditions, are creating profitable new prospects for this industry to flourish.

For a detailed analysis of the Covid-19 Impact on the market browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=12912

The epidemic had a particularly negative impact on front-line workers, such as cleaning personnel. As a result, several governments have emphasized the issue of enhancing worker safety. There is a renewed focus on automated garbage collectors in order to dramatically limit waste management workers’ exposure to COVID-19. As a result, truck body manufacturers devote significant resources to enhancing vehicle body design and making it automation ready. In China, the United States, and Europe, the abrupt decline in industrial trash had a substantial impact on new garbage truck purchases. Given the implications of COVID-19, automated side loading trucks are becoming increasingly important. ASL allows drivers to have less interaction with infected people, which improves safety. It provides a contactless garbage collection solution, eliminating the requirement for a partner worker to collect and dump rubbish into the truck. When compared to manual waste collection operations, automated side loaders can boost efficiency by up to 75%.

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For a better understanding of the market adoption of Waste or Garbage Collection Vehicle, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Rest of APAC), and Rest of World. Asia Pacific dominated the market in 2020 and is expected to grow at a higher rate during the forecasted period, due to rising population and growing awareness about the need of safe garbage collection in the region.

Global Waste or Garbage Collection Vehicle Market Segmentation

Market Insight, by Loader Type

  • Front Loader
  • Rear Loader
  • Automated Side Loader
  • Others

Market Insight, by Vehicle Type

  • Light Duty
  • Medium Duty
  • Heavy Duty

Market Insight, by Technology

  • Manual
  • Semi-automatic

Market Insight, by Application

  • Residential
  • Non-Residential

Market Insight, by Region

  • North America Waste or Garbage Collection Vehicle Market
    • United States
    • Canada
    • Rest of North America
  • Europe Waste or Garbage Collection Vehicle Market
    • Germany
    • France
    • United Kingdom
    • Italy
    • Rest of Europe
  • Asia Pacific Waste or Garbage Collection Vehicle Market
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of World Waste or Garbage Collection Vehicle Market

Top Company Profiles

  • BYD Co. Ltd.
  • McNeilus
  • Labrie Enviroquip Group Inc.
  • Curbtender, Inc.
  • Ashok Leyland
  • Bridgeport Truck Manufacturing
  • FAUN Umwelttechnik GmbH & Co. KG
  • Haul-All Equipment
  • Fratelli Mazzocchia Spa
  • Nord Engineering s.r.l.

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