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U.S. Garbage Truck Bodies Market Size, Share & Industry Analysis, By Product Type (Front Loaders, Rear Loaders, Side Loaders), By Application (Urban Garbage Treatment, Building & Mining Industry, Others), and Regional Forecast, 2023-2030
Report Format: PDF | Published Date: Jun, 2023 | Report ID: FBI107661 | Status : PublishedThe U.S. garbage truck bodies market size is expected to grow at a 4.9% CAGR during the forecast period. The U.S. has seen a significant rise in the garbage truck bodies market share in North America, owning to rising awareness of waste management among the populace. The push from the government is further enhancing the importance of proper waste disposal in the country's metropolitan cities. For instance, in September 2021, Madison City launched an awareness campaign regarding reducing food waste generated in the cities. Moreover, the growing adoption of connected vehicle technology and carbon neutrality initiatives will further fuel the country's market growth.
LATEST TRENDS
Growing Focus on Achieving Carbon Neutrality within the Waste Management Sector
The local governments in the country are targeting carbon neutrality for the collection of refuse in the suburbs and metropolitan cities by using alternative fuel technology or electric vehicle technology for refuse operations. Moreover, due to growing development in connected vehicle technology, it is witnessed that the trend of connectivity is now covering garbage and waste disposal trucks to improve the efficiency of operations.
DRIVING FACTORS
Government Initiatives Promoting Greener Alternative Garbage Truck Bodies to Drive the Market Growth in the U.S.
The government and various significant players are targeting the integration of electric vehicle technology in refuse collection trucks to reduce the carbon emission caused by garbage trucks. Incorporating electric vehicle technology offers advantages such as no noise and air pollution, lesser consumption of energy, and growing public awareness for the adoption of alternate fuel technology and electric fuel technology.
The government is addressing ending fossil fuel vehicles' dependency by switching to alternative fuels such as renewable Natural Gas (RNG) and electricity. For instance, in 2019, the City of Seattle launched a green fleet of garbage trucks for recycling, compost, and garbage trucks. The trucks are powered either on RNG or electricity to carry out their routine operations. Thus, rising government initiatives and promotion is expected to increase the U.S. garbage truck bodies market growth.
RESTRAINING FACTORS
Lack of Trained Staff and High Risk of Health Problems Associated with Waste Collection to Hamper Market Growth in the U.S.
The waste management industry deals with a lot of hazardous and toxic waste, which requires proper disposal and segregation of the toxic materials to prevent any harm toward human life or the environment. Due to a lack of skilled workforce and less awareness among the waste staff toward safer solid waste treatment, most refuse collection workers are exposed to severe health conditions, thus creating an unsafe environment for work labor. For instance, in December 2021, according to a press release from the U.S. Department of Labor, the refuse collection and disposal industry is positioned 6th for the fatal injury rates of workers in America.
KEY INDUSTRY PLAYERS
Regarding the competitive landscape, the companies profiled are McNeilus Truck and Manufacturing, Heil, and New Way in the U.S. market, owing to their strong distribution and supply network built over time. The major players focus on dominating regional and foreign markets by expanding their operations in solid waste management industry in domestic and overseas region.
Some other companies with a considerable presence in the U.S. market include Mack Trucks, Amrep, Curbtender, and others that focus on adding new products to their portfolio and increasing their regional presence. Moreover, several regional players are shifting toward electric vehicle technology as they recognize significant growth opportunities.
LIST OF KEY COMPANIES PROFILED:
- McNeilus Truck and Manufacturing (U.S.)
- Heil (U.S.)
- New Way (U.S.)
- Mack Trucks (U.S.)
- Battle Motors (U.S.)
- El Industries International Florida (U.S.)
- Curbtender, Inc. (U.S.)
- BYD Motors (China)
- Tiger Manufacturing Company (U.S.)
- Macqueen Companies (U.S.)
- Amrep (U.S.)
KEY INDUSTRY DEVELOPMENTS:
- July 2021 – The New York Department of Sanitation ordered 7 electric garbage trucks from Mack Trucks. The trucks will follow a pre-determined path and collect refuse from the Bronx, Brooklyn North & South, Manhattan, Queens West, and Staten Island.
- December 2021 – Hyzon Motors signed an exclusive supply contract for hydrogen-powered electric trucks with a Dutch company, Geesinknorba. The three-year contract will include 300 garbage trucks provided by Hyzon Motors.
- March 2022 – Labrie Enviroquip Group announced to affiliate with Total Equipment Solution as a product distributor in West Virginia and Western Pennsylvania. The new distributor network will provide sales, services, and parts supply for the company.
REPORT COVERAGE
The market report provides qualitative and quantitative insights on the market and a detailed analysis of the U.S. market size & growth rate for all possible segments in the market. Along with the U.S. garbage truck bodies market share, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are overview of the number of procedures, an overview of price analysis of types of applications, overview of the regulatory scenario by key countries, pipeline analysis, new application launches, key industry developments – mergers, acquisitions & partnerships - and the impact of COVID-19 on the market.
Report Scope & Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 4.9% from 2023 to 2030 |
Unit | Value (USD Billion) |
Segmentation | By Product Type
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By Application
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Frequently Asked Questions
What is the growth rate of U.S. garbage truck bodies market?
Fortune Business Insights says that the U.S. garbage truck bodies market is expected to grow at a CAGR of 4.9% during the forecasted period.
Which is the leading segment in the U.S. garbage truck bodies market?
The rear loader segment held the largest share of the market in 2022.
Who are the major players in the global market?
McNeilus Truck and Manufacturing, Fujian Longma Environmental Sanitation Equipment Co., Ltd, and BYD Company Ltd. are the major players in the global market.
- USA
- 2022
- 2019-2021
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