Garbage Collection Vehicle Industry Synopsis:
Market Research Future (MRFR), reveals that the expansion of the Garbage Collection Vehicle Market 2020 can be at 6.5% CAGR across the review period 2020 to 2027. A complete assessment of the impact of pandemic on the garbage collection vehicle is offered with the report. There are different factors that are observed to impact the market. However, the increased demand for the maintenance of residential cleanliness is identified as the chief cause to support the expansion of the garbage collection vehicle market in the years to come. Urbanization and industrialization are other causes that are responsible for the increased need for proper waste disposal facilities across the global. The rise in concerns for effective public health, which, in turn, is creating demand for garbage collection vehicle that can bolster the growth of this market in near future. Rise in environment safety concern and increase in initiatives by governments to educate people and promote health can support the rise of the garbage collection vehicle industry.
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Key Players
The major players operating in the global garbage collection vehicle market share are Heil Environmental (US), Geesink B.V. (the Neatherlands), FAUN Umwelttechnik GmbH & Co. KG (Germany), CEEC TRUCKS INDUSTRY CO., LIMITED (China), Bridgeport Manufacturing (US), Zoomlion Heavy Industry Science and Technology Co., Ltd (China), Pak-Mor. (US), Dennis Eagle Limited (UK), IVECO S.p.A. (Italy), and Dulevo International S.p.A. (Italy).
Market Segment study
The segment analysis of the garbage collection vehicle market is done by Front loader, Rear Loader, Loader Type, and Automated Side Loader (ASL) among others. The rise in the demand for automated side loader due to the high convince it offers is expected to support the expansion of the garbage collection vehicle market in the assessment period.
The Technology based segments of the garbage collection vehicle market are Semi-Automatic and Manual. The rise in demand for automatic garbage collection vehicles can support the expansion of the market.
The Vehicle Type based segment of the garbage collection vehicle market are Heavy Duty Vehicle and Light Duty Vehicle. The increased application of heavy duty vehicle for garbage collection can prompt the expansion of the market in the near future.
The Propulsion ICE based segment of the garbage collection vehicle market are Electric Vehicle Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV). The Electric Vehicle Battery Electric Vehicle (BEV) is being widely used for garbage collection.
The Application based segment of the garbage collection vehicle market are Non-Residential and Residential. The residential segment can churn considerable revenue for the market.
Market Research Analysis
Trends of the garbage collection vehicles market is studied by our proficient research analysts for regions; EU, North America, APAC, and the rest of the world. In Asia Pacific, the demand for garbage collection vehicle is high due to the rise in the amount of residential waste. Especially in lockdown, the garbage collection vehicle market is expected to rise across the forecast period as residential garbage production is observed to escalate. Rapid rise of industries and increase in infrastructure development in the region is creating the need for electric garbage truck. This can support the expansion of the garbage collection vehicle market across the forecast period. In North America, the garbage collection vehicle market size is anticipated to increase due to the deployment of modern technology. The economy of the region can also impact the market significantly. In Europe, garbage collection vehicle market is observed to surge exponentially due to the rapid improvement in technology and increased installation of IoT enabled solutions and sensors in vehicles used for garbage collection.
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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