Waste Collection Trucks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Waste Collection Trucks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : March, 2020 | Technology & Media | PPT format

Report Digest


Global Waste Collection Trucks Market: Snapshot

Exponential rise industrial activities, inappropriate waste management methods, and unfitting ways of disposing waste have emerged as serious concerns demanding immediate attention from international authorities. As per a study conducted by the World Bank, the volume of municipal waste alone is expected to reach nearly 2.2 billion by the end of 2025. Rapid urbanization and increasing population are likely to aggravate the situation even further. In order to tackle the impending challenge, international authorities are tightening their guidelines to ensure improved industrial and municipal waste management. Furthermore, governments from across the world are willingly spending to ensure effective functioning of waste and waste water treatment plants. All these factors are cumulatively aiding the expansion of the global waste collection trucks market.

Several emerging nations have adopted initiatives to eradicate accumulation of waste materials. For instance, China has a five year plan in place under which it has significantly invested in the advancement of its existing infrastructure, keeping in mind the prevailing environmental concerns. Likewise, India has adopted an initiative called “Swacchh Bharat” which is a high budget plan for a long term aimed at effective waste disposal and management. Several other nations have adopted similar initiatives to manage industrial and household waste efficiently. This in turn is expected to fuel the demand for waste collection trucks in the coming years.

A majority of the prominent companies in the global waste collection trucks market are focusing on implementing diverse strategies to gain edge over competition. They are adopting favorable pricing practices, besides implementing efficient technologies to emerge at the fore. As per recent studies, several companies are also focusing on expanding their product portfolio and forging long term relations with suppliers and localized manufacturers to strengthen their foothold in the global waste collection trucks market. According to the report, in order to amplify their market share several companies are shifting focus towards emerging nations to capitalize on the prevailing opportunities.

Global Waste Collection Trucks Market: Overview

The global waste collection trucks market is anticipated to testify a surge in demand as a result of increasing application in industrial waste management systems. The demand could gain strength as voluntary instructions for these systems have already been issued by the EPA and state governments. Note that these authorities have expressed their concerns over untreated disposal of effluents and solid waste and evaluated the seriousness of the problems arising as a result of it. Another factor that is projected to create handsome growth opportunities in the market could be technological advancement responsible for improving the operational efficiency of waste collection trucks.

Global Waste Collection Trucks Market: Trends and Opportunities

Growing worries about industrial waste being created at an alarming rate, especially in North America due to its massive industrial base, are foreseen to spur the demand for waste collection trucks in the coming years. With industrialization rising at a soaring rate, waste generation has been continuously gaining momentum, thus stimulating the requirement of powerful industrial waste management systems. Colossal amounts of solid and liquid waste are generated in construction, food and beverage, chemical, automotive, and other manufacturing sectors.

Today, waste collection trucks do not lag behind in terms of technology. Waste segregation, novel waste collection equipment, real-time monitoring, and other advanced features have already been added to waste collection trucks.

Global Waste Collection Trucks Market: Market Potential

Surrey, British Columbia’s Port Kells industrial area now has a new biofuel facility that is worth a C$68 million. Opened in March 2018, the facility is said to be North America’s first closed-loop organic waste management system that is fully integrated, according to the City of Surrey. It will provide fuel to waste service and collection vehicles powered by natural gas by converting curbside organic waste into renewable biofuel. One could imagine waste collection trucks picking up their fuel source at curbside, under this closed-loop system.

Global Waste Collection Trucks Market: Regional Analysis

The international waste collection trucks market is foretold to become more prominent in North American countries such as the U.S. due to the strong presence of various industries. However, Europe could catch up with the growth of North America because of stringent environmental regulations imposed in the region looking at the pollution levels rising globally. Adoption of electric and CNG-based waste collection trucks could be on the rise due to the fuel inefficiency of diesel-based trucks. Other factors that are envisioned to help Europe to gain growth include the stable rise of the residential sector, large industrial base, and snowballing waste generation per capita.

Global Waste Collection Trucks Market: Companies Mentioned

Some of the leading names of the international waste collection trucks market are FAUN Umwelttechnik GmbH & Co. KG, Dulevo International, Iveco, Dennis Eagle, and Geesinknorba.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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