A recent market intelligence report that is published by Data Insights Partner on the global Garbage Collection Truck Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Garbage Collection Truck Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Garbage Collection Truck Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Garbage Collection Truck Market is offered. In accordance with the report, the global Garbage Collection Truck Market is projected to expand at a CAGR of xxx % over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Waste Management has become a serious concern, due to increase in industrial activities and inappropriate ways of disposing waste. Garbage Collection trucks are heavy duty trucks and are incorporated with several equipment for effective collection of garbage. Garbage Trucks collect waste and dispose it to landfills of dedicated place for waste where it is managed in an efficient way.
Government authorities are now following stringent guidelines for waste management, and in accordance with the growing population and increasing generation of solid waste, government of various countries are now making huge investment to ensure efficient and effective working of waste treatment plans. This is one of the major factors that will help increase the demand of Garbage Collection Truck market in the forecast period. Moreover, the growing industrial and household waste in developing and developed countries has sparked high adoption and demand of garbage collection trucks market. Growing focus on bringing various technological development in garbage collection trucks, such as increasing the degree of automation, augmented efficiency through reduction in downtime and noise reduction in addition to rising government budget and executing strict regulations about waste management will further propel the demand of this market in forecast period. However, the major factor that hinders the growth of garbage collection truck is the high cost associated with these heavy-duty trucks, due to several additional features, thereby contributing to their low replacement rate. Also, employment of used garbage collection truck is high in several countries, which is further obstructing the sales of new garbage collection trucks.
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While the garbage collection truck market is organized in regions of North America & Europe, Asian region witness disorganized market. The region of North America is expected to dominate this market in the forecast period due to high number of fleet operators serving municipal and industrial sector. In order to amplify consumer base and market share and retaining their positions in the market, manufacturers are adopting strategies such as decrease in product price, implementation of efficient technology, broader product portfolio and long term supply relations with key end-use industries. Many key players are now actively boosting their fleet size and ensuring industrial advancement to ensure long term sustainability. In 2016, Sacramento added all electric refuse trucks to its fleet and in 2012, Motiv Power Systems, and Wrightspeed were contacted by the City of Chicago to design its first set of electric refuse trucks. The market players for Garbage Collection truck market are anticipated to lucrative growth opportunities in the future with the rising demand for garbage collection truck in the global market.
This market intelligence report on the global Garbage Collection Truck Market encompasses market segments based on product type, propulsion, capacity, end use industry and country/regions.
In terms of Product Type, the global Garbage Collection Truck Market is segregated into
By propulsion, the global Garbage Collection Truck Market is also classified into,
By capacity, the global Garbage Collection Truck Market is also classified into,
- Below 25 Metric Tons
- 25-50 metric tons
- 51-150 metric tons
- 151-300 metric tons
- Above 300 metric tons
By end-use industry, the global Garbage Collection Truck Market is also classified into,
- Municipal Waste Management
By country/region, the global Garbage Collection Truck Market has been divided into
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Motiv Power Systems
- Bridgeport Manufacturing
- Combilift Material Handling Solution
- Labrie Eqviroquip Group
- Doosan Corporation
- Fujian Longma Environmental Sanitation Equipment Co. Ltd
- BAS Mining Trucks
- BELAZ North America Inc.
- Cummins Inc.
- ETF Holdings B.V
- Hitachi Constuction Machinery Co. Ltd
- Deutz AG
- Kubota Corporation
- AB Volvo
- McNeilus Truck & Machinery
- Zoomlion Heavy Industry Science & Technology Co. Ltd and many more.
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Garbage Collection Truck related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Garbage Collection Truck Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Garbage Collection Truck Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Combilift Material Handling Solutions, Labrie Enviroquip Group, Doosan Corporation, Fujian Longma Environmental Sanitation Equipment Co. Ltd, Caterpillar, BAS Mining Trucks, Cummins, Liebherr, EZ-Pack, Hitachi Construction Machinery Co. Ltd, Kuboto Corporation, AB Volvo and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Garbage Collection Truck Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Garbage Collection Truck Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Facilitate decision-making based on strong historic and forecast data
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