Research Nester published a report titled “Garbage Truck Bodies Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global garbage truck bodies market in terms of market segmentation by product type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global garbage truck bodies market is anticipated to grow with a CAGR of ~5% during the forecast period, i.e., 2023-2033. The market is segmented by application into residential waste and commercial waste.
Out of these segments, the commercial waste segment is anticipated to garner the largest market share over the forecast period, owing to the increasing commercial waste. In addition, expanding industrial waste among industries is also expected to boost the growth of the segment in the coming years.
The global garbage truck bodies marketGarbage Truck Bodies Market is estimated to garner a revenue of ~USD 8 billion by the end of 2033, backed by the increasing solid waste-related emissions worldwide. Various features provided by garbage truck bodies, including transport of different types solid waste to various treatment facility, such as a landfill, recycling center or transfer station are also projected to boost sales of these vehicles in the coming years.
Moreover, increasing e-waste as well as rising urbanization is also projected to propel the growth of the market during the forecast period.
Geographically, the global garbage truck bodies market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Out of these, the market in Asia Pacific is estimated to garner the largest market share over the forecast period, owing to the largest amount of waste generated in the region. Apart from this, the market in North America is anticipated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Amount of Waste Generation to Drive the Market Growth
It is projected that, over 3 billion tons of global waste will be generated by 2050.
The increasing waste is expected to accelerate the market growth in the coming years, as poor waste management is responsible for climate change, air pollution, health issues that directly affects many ecosystems and species.
Moreover, the growing population as well as the increasing smart city initiatives are also expected to drive the growth of the global garbage truck bodies market during the forecast period.
However, the changing characteristics of types of waste generated as well as stringent regulatory framework are expected to operate as key restraints to the growth of global garbage truck bodies market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the of global garbage truck bodies market which includes company profiling of Dover Corporation, Changsha Zoomlion Heavy Industry Science &Technology Development Co., Ltd., Fulongma Group Co., Ltd., Boivin Evolution Inc., Oshkosh Corporation, Geeinknorba Group, Terberg RosRoca Group, Pak-Mor Ltd., Labrie Environmental Group, Bridgeport Manufacturing.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the of global garbage truck bodies market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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