Report Description
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.
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.
Segment Covered:
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
§ Front
§ Rear
§ Side
By propulsion, the global Garbage Collection
Truck Market is also
classified into,
§ Gasoline
§ Diesel
§ Electric
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
§ Healthcare
§ Chemical
§ Mining
§ Constructions
§ Others
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
§ Wrightspeed
§ Combilift Material Handling Solution
§ Labrie Eqviroquip Group
§ Doosan Corporation
§ Fujian Longma Environmental Sanitation Equipment Co. Ltd
§ Caterpillar
§ BAS Mining Trucks
§ BELAZ North America Inc.
§ Cummins Inc.
§ Liebherr
§ EZ-Pack
§ 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.
Report Highlights:
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.
Salient Features:
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
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Garbage Collection Truck Market
v
Identification
of key factors driving investment opportunities in the Garbage Collection Truck
Market
v
Facilitate decision-making
based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants