Garbage Collection Trucks to Register 4.9% CAGR, says Bekryl

Garbage collection trucks collects municipal solid waste and transport it to nearest sewage treatment plant/ solid waste treatment facility including landfills, etc. These trucks are also known as refuse trucks, dumpster, bin lorry or bin van elsewhere. These refuse trucks could be seen anywhere in tier 1 cities and are generally more prevalent in developed regions owing to stringent regulatory compliances.

Types of Garbage Collection Trucks

There are range of garbage collection trucks available based on the nature of requirement. Front loaders, rear loaders and side loaders are broad categorization of these trucks. Among these, front loaders is highly popular and can be easily seen on roads.

  1. Front Loaders Refuse Trucks: These vehicles are generally used for carrying out large scale industrial waste process. The truck is equipped with powered forks on the front which the driver carefully aligns with sleeves on the waste container using a joystick or a set of levers. The waste container is then lifted over the truck.
  2. Rear Loaders Garbage Trucks: These trucks have opening at the rear end. These kind of trucks are generally equipped with lifting mechanism to automatically empty large carts without the operator having to lift the waste by hand.
  3. Side Loaders Garbage Trucks: Side loaders are handled from side either with assistance of joystick or operators. These kind of trucks could be seen in collecting waste from residential locations. They are further categorized into automated and semi-automated.

Garbage Collection Trucks Market Overview

According to Bekryl, Global Garbage Collection Market is valued over USD 6.6 Billion in 2018.

Demand for such trucks will heighten in near future owing to stringent regulatory compliances, increased municipal waste and better waste transport management. According to the World Bank, total municipal waste generation amounts to 1.3 Billion annually. This will further increase with rise in population, higher urbanization and changing lifestyle – thereby demanding garbage trucks on a large scale.

Demand for Garbage Trucks Will be high in North America Region

Waste Collection Industrial ecosystem is quite organized in North America than rest of the world. In U.S., Environmental Protection Agency regulates household, industrial and manufacturing waste under the 1976 Resource Conservation and Recovery Act. There is effective coordination between federal, state, regional, and local entities. Effective mechanism has led to advancement in overall garbage collection ecosystem. There are many refuse truck fleet operators in the region. Government subsidies has further strengthened the demand for garbage trucks in the region.

Competition Landscape

Motiv Power Systems, Bridgeport Manufacturing, Scranton Manufacturing Corporation, Inc., Dennis Eagle Inc., Pak-Mor Ltd., Ceec Trucks Industry Co., Ltd., Wrightspeed are few known industrial players in the segment. The competition is expected to increase with advancement in technology and emergence of electric based garbage trucks. This has led to emergence of new players including BYD, Volvo in the segment. However, at the same time, industry can gain double digit growth with emergence of green mobility.

Source:

Bekryl Garbage Trucks Market Intelligence Report: https://bekryl.com

World Bank Statistics: https://www.worldbank.org/

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