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Garbage Collection Trucks Market

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Garbage Collection Trucks Market To Reach US$ 10,244.5 Mn by the end of 2026
Persistence Market Research (PMR) has published a new research report on garbage collection
trucks. The report has been titled, “Garbage Collection Trucks Market: Global Industry Analysis
2013-2017 and Forecast 2018-2026,” according to which the global revenues generated through
sales of garbage collection trucks will expand at a promising rate during an eight-year forecast
period.
The companies operating in the market are incessantly focusing on the implementation of various
strategies in order to retain their positions in the market. Decrease in prices, implementation of
more efficient technology, broader product portfolio, and long term supply relations with key enduse industries as well as localized manufacturers are the core strategies of the leading players to
amplify consumer base and market share. The growing adoption of garbage trucks in key regions
such as Europe, North America, and Asia Pacific has further benefitting the players operating in the
market. Some of the leading players are Scranton Manufacturing Corporation, Inc., McNeilus Truck
& Manufacturing, Inc., Heil, PAK-MOR LTD., and CEEC TRUCKS INDUSTRY CO., LIMITED.
Report overview @ https://www.persistencemarketresearch.com/market-research/garbagecollection-trucks-market.asp
According to a PMR analyst, the global garbage collection trucks market is projected to witness a
CAGR of 5.4% from 2018 to 2026. The market was worth US$ 6,434.2 Mn in 2017 and is expected
to rise to a valuation of US$ 10,244.5 Mn by the end of 2026.
Proliferating Focus on Waste Management to Augment Market Growth : Due to the exponential rate
of expansion of industrial activities and inappropriate methods of disposing of the waste, waste
management has become a serious concern among international authorities. According to the World
Bank, the municipal solid waste will reach up to 2.2 billion tonnes by 2025 owing to increasing
population and urbanization. As a result of this, authorities have been tightening guidelines for
municipal and industrial waste management. In accordance with the growing population and
increasing municipal solid waste generation, governments are investing noteworthy amounts to
ensure effective working of solid waste and waste water treatment plans.
Several developing countries have taken up initiatives to eradicate waste materials. Such as, in the
recent five year plan, China has substantially invested a significant amount for advancing its
infrastructure keeping in mind the environmental conditions. India has also taken up an initiative
known as the “Swacchh Bharat which is a long term high budget plan. Moreover, the growing
industrial waste and household in both developed and developing nations has triggered high
adoption of garbage collection trucks.
Request for Table of Contents @ https://www.persistencemarketresearch.com/samples/22030
Garbage collection trucks are reflected as heavy duty trucks. They are integrated with several
equipment for efficient collection. Currently, automated trucks offer several additional features,
which in turn raise the overall cost of the garbage collection trucks, making them comparatively
more expensive than their counterparts, which also contributes to their low replacement rate as
compared to refuse collection trucks. Moreover, the employment of used garbage collection trucks
is also pretty high across several countries and are obstructing the sales of new garbage collection
trucks.
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