The Global Waste or Garbage Collection Vehicle Market has witnessed continuous growth in the last few years and is projected to grow even further during the forecast period of 2024-2033. The assessment provides a 360° view and insights – outlining the key outcomes of the Waste or Garbage Collection Vehicle market, current scenario analysis that highlights slowdown aims to provide unique strategies and solutions following and benchmarking key players strategies. In addition, the study helps with competition insights of emerging players in understanding the companies more precisely to make better informed decisions.

📊 Market Size & Leading Companies

  • In 2023, the global market reached approximately US $13.8 billion, with projections to US $22.8 billion by 2030 (CAGR ~6.4%) .

  • Other estimates: US $9.79 billion in 2024, growing to US $17.14 billion by 2037 at ~4.4% CAGR .

  • Key manufacturers include Heil Environmental, McNeilus Truck & Manufacturing (Oshkosh), Faun Umwelttechnik, Dennis Eagle (Terberg Ros Roca), Zoomlion, AMS Spa, and Autocar LLC .

🆕 Recent Developments

  • Terex is acquiring Dover’s environmental solutions business—including garbage vehicle machinery—for US $2 billion, expected to close in H2 2024 .

  • Dennis Eagle launched the eCollect all-electric refuse truck, selling 151 units to Birmingham City Council in 2024 .

🚀 Drivers

  1. Rapid urbanization & waste growth: Global urban expansion increases waste volumes .

  2. Government investment in waste infrastructure: Spending on recycling and disposal systems drives demand .

  3. Advancements in technology: Integration of GPS tracking, automation, and route optimization improves efficiency .

  4. Zero-emission and alternative-fuel mandates: Electrification and CNG adoption are accelerating .

⚠️ Restraints

  • High upfront and maintenance costs for advanced vehicles limits adoption .

  • Lack of standard protocols and public awareness in some regions hamper market entry .

🌍 Regional Segmentation

  • Asia-Pacific leads with ~42% share in 2023, fueled by urbanization and public health initiatives .

  • North America accounts for ~30–35%, driven by technological adoption and fleet upgrades .

  • Europe holds ~18–20%, propelled by sustainability mandates and EV transition .

  • LATAM & MEA currently represent ~10%, with growth tied to industrialization and infrastructure spend .

🔮 Emerging Trends

  • Electrification & alternative fuels: Rising uptake of battery-electric and CNG-powered trucks in Europe, North America, India, Australia .

  • Automation & route optimization: Smart routing tech is reducing costs and increasing driver safety .

  • Smart fleet management: Integration of IoT, telematics, and curb-to-grid solutions to drive efficiencies .

💡 Top Use Cases

  • Urban municipal waste pickup: Bulk of demand via rear-, front-, and side-loader vehicles (~35–50% share) .

  • Light/heavy-duty industrial waste collection: Serviced by medium to heavy trucks (~50% heavy-duty share) .

  • Recycling and specialized waste collection: EVs and CNG vehicles increasingly used for clean pickup routes .

🧩 Major Challenges

  • Capex and operating cost constraints: High purchase and upkeep costs deter smaller municipalities .

  • Skilled labor shortages and safety concerns for vehicle operation and maintenance .

  • Regulatory complexities across regions hinder standardization of protocols and equipment .

🟢 Attractive Opportunities

  • EV/Natural Gas vehicle adoption: Subsidy-backed electrification in Europe, North America, India, Australia .

  • Smart-city integration: IoT-enabled waste fleets tied to broader urban sustainability platforms .

  • M&A in equipment manufacturers: e.g., Terex–Dover deal opens avenues for diversified offerings .

🛠️ Key Factors for Market Expansion

  1. Urban growth & waste volume increase

  2. Government policies for zero-emission fleets

  3. Investment in smart routing and telematics technologies

  4. Fleet renewal and aging vehicle replacement cycles

  5. Public-private partnerships & M&A for scale and innovation

✅ Summary

The waste collection vehicle market is substantial—US $13–22 billion by 2030—with strong momentum from urbanization, environmental policy, and smart-fleet tech. Asia-Pacific leads in share, North America and Europe are adopting EVs fastest, and electrification alongside telematics is transforming the landscape. Major OEMs like McNeilus, Heil, Faun, Dennis Eagle, and strategic moves by Terex are shaping the industry.

4K-Smart-OLED-TV.jpg