Garbage Collection Trucks Market Growth Set to Surge Significantly by 2029

Posted by Arslan on March 11th, 2020

In a recent business intelligence study, FactMR presents the nitty-gritty of the global garbage collection trucks market considering 2014-2018 as the historic year and 2019–2029 as the stipulated time frame. The business report highlights the drivers, restraints, opportunities and trends affecting garbage collection trucks market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.

The garbage collection trucks market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Bridgeport Manufacturing, Dongfeng Motor Corporation, Geesinknorba Ltd., Dennis Eagle Inc., and many others.

The garbage collection trucks market report addresses the below-mentioned queries:

• Why are vendors shifting away from traditional methods of manufacturing garbage collection trucks?
• How does the global garbage collection trucks market looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2029?
• What innovative products are being introduced by the players in the global garbage collection trucks market?
• Which regions are showing the fastest market growth?

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Surpassing a valuation of USBn by the end of the forecast period (2019-2029), the garbage collection trucks market is forecast to follow a moderate growth trajectory. Management of solid waste is one of the most intractable problems for local authorities in urban centers. Collection of waste is a prime concern, as governments are investing a large amount in solid waste management. This has accelerated the demand for garbage collection trucks. Proliferation of industries, burgeoning urban population, and waste generation is pushing the demand for garbage collection trucks. Owing to increased spending on waste management plans, Fact.MR says that the global garbage collection truck market is expected to grow at a value CAGR of 4.5% during the forecast period.