"Market Intelligence for High-Geared Performance"
North America is the second largest region in the global garbage truck bodies market share. It is projected to grow at a CAGR of 5.0% during the forecast period. The North America market for garbage truck bodies is projected to grow from USD 1.19 billion in 2022 to USD 1.72 billion by 2030.
Growing adoption of garbage truck bodies has led key market players in the region to increase their R&D investments for introducing new technological developments within the waste management industry. For instance, in February 2023, McNeilus Truck and Manufacturing announced the integration of advanced manufacturing to produce an innovative solution within the solid waste management industry by integrating connected solutions, electrification, and autonomy. The company also accelerated the production line at its manufacturing site.
The North America garbage truck bodies market share covers the following countries/regions: The U.S., Canada, and Bermuda.
Growing Adoption of IoT in Refuse Trucks to Offer New Growth Opportunities
The recent industry trends show an increasing inclination toward integrating advanced vehicle data collection software to improve the waste collection rates and fluency in garbage collection operations. Additionally, adopting IoT, 5G, AI, machine learning, fleet tracking, and data collection enhances the regular refuse operations with minimal fuel, energy consumption, and carbon emission. For instance, in April 2022, Rubicon introduced its smart waste management and recycling software for waste management companies to digitize refuse-related operations. The software collects data using combinations of garbage truck-mounted telematics devices that track metrics, which include braking, turning, engine health, and others and provides data on smart devices such as iPhones and iPads. Thus, the rising trend of smart vehicle tracking software is expected to further revolutionize the waste management industry.
Greater Focus on Automating the Refuse Collection Operations to Drive the Market Growth
The growing population in the urban region has led to a significant increase in waste generation. Many players and local governments are considering automating the refuse collection system to efficiently recycle or dispose of the necessary trash to diminish the impact of solid waste on the environment as much as possible. Moreover, automating garbage trucks provides less workforce, consequently reducing the chance of error and maximizing the efficiency of the entire operation.
High Risk of Health Related Risks Associated with the Waste Management Industry May Affect Market Growth
Despite the growing adoption of automation in the refuse collection industry, health safety and health-related risk is still an issue that severely disfavors the North America garbage truck bodies market growth. The refuse collection industry requires intense man labor and long shifts that induce a heavy toll on the human body. Moreover, these jobs provide low pay and nearly no health benefits for the workers and staff are some of the factors tainting the solid waste management sector and may restrain the garbage trucks bodies market growth during the forecast period.
Regarding the competitive landscape, McNeilus Truck and Manufacturing, Heil, and New Way are the key players in the North America market. This is due to the integration of advanced technology that results in automated operations within the waste management industry.
Other prominent players, such as Amprep and Mack, are also leading the market due to their strong distribution network and favorable product mix for their application portfolio. Some of the other companies are focused on strengthening their product portfolio and distribution network through strategic collaborations and partnerships to increase their presence in the North America market.
To gain extensive insights into the market, Request for Customization
The report provides qualitative and quantitative insights on the market and a detailed analysis of the North America garbage truck bodies market size & growth rate for all possible segments in the market. Along with the North America garbage truck bodies market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are an 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.
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 5.0% from 2023 to 2030 |
Unit | Value (USD Billion) |
Segmentation | By Product Type; Application; and Country/Sub-Region |
By Product Type |
|
By Application |
|
By Country/Sub-Region |
|
Growing at a CAGR of 5.0%, the market will display steady growth in the forecast period (2023-2030).
The rising adoption of IoT-related advancements and integration of automated operations in garbage truck bodies are driving the market in this region.
The U.S. dominated the market in 2022.
Related Reports
US +1 833 909 2966 ( Toll Free )