Waste Collection Vehicle Market Scope
The Waste Collection Vehicle are applicable for collecting the garbage wastes materials such as packaged products and others. Waste Collection Vehicle market is expected to mark significant growth over forecasted period owing to changing fashion trends, providing industrial waste management and technological advancement. There has been significant rise in soild waste with figure stood up to 262.4 million tons in United States alone in 2015, So, the future for garbage collection truck looks promising as the waste materials are increasing in a daily basis. This result in rising technology advancement Waste Collection Vehicle and escalating CNG based Waste Collection Vehicle may trigger demand and help in industry expansion.
The Waste Collection Vehicle market study is segmented by Type (Front loaders, Rear Loaders, ASL(automated side Loaders) and Others), by Application (Residential Region, Commercial Region and Industrial Region) and major geographies with country level break-up.
Ceec Trucks Industry (China), Dongfeng Motor (China), Cheng Li (China), Curbtender (United States), Cnhtc (China), Zoomlion (China), Foton car (China), Fujian Longma sanitation (China), Dennis Eagle (United Kingdom) and Faun (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are McNeilus (United States), Bridgeport Manufacturing (United States) and Galbreath (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Waste Collection Vehicle market by Type, Application and Region.
On the basis of geography, the market of Waste Collection Vehicle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In February 2019, Wastequip acquired Amrep that deal with manufacturing collection truck. This acquisition is beneficial in providing onboard diagnostics and routing of waste materials. It also delivers automated load collection trucks that fulfill the effectiveness in urban places.
In New Zealand, most of the companies introduced electric truck which is beneficial in providing 100% electric residential waste collection truck into service. It also offers safeguard solution for future generation.
“According to union minister of Environment, its provide waste management rules, that offers rules against plastic, e-waste, biomedical, hazardous and construction and demolition waste management. The new rules have mandated the source segregation of waste in order to channelise the waste to wealth by recovery, reuse and recycle.”
Market Trend
- Collaboration and Tie Up Of Leading Players
- Government Investments in the field waste management
Market Drivers
- Increase in Population and Industrialization Boost the Waste Collection Vehicle Market.
- Rapid Demand of Packaged Products Fuelled Up the Waste Collection Vehicle Market.
Opportunities
- Proliferation of CNG Based Waste Collection Vehicle Leads to Grow the Waste Collection Vehicle Market.
- Upsurge Demand of Technological Advancements in Waste Management Expected to Grow The Market.
Restraints
- Inability to Empty Large Dumbsters Hampers the Waste Collection Vehicle Market.
- Increasing Pollution Levels Restraints the Waste Collection Vehicle Market.
Challenges
- Growing Regulations and Strong Policies in Waste Collection Vehicle are Anticipated the Challenge the Market.
Key Target Audience
Waste Collection Vehicle Manufacturers, Waste Collection Vehicle Traders, End-Use Market Participants of Different Segments of Waste Collection Vehicle, Government and Research Organizations, R&D Institutions and Others