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Garbage Truck Market Share

Report ID: GMI6050
Published Date: Apr 2024
Report Format: PDF

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Garbage Truck Market Share

Mack Trucks (AB Voloo), XCMG Group, and Shandong Wuzheng Group Co., Ltd. held significant market share of over 13% in 2023. These major companies are expanding their market presence through strategic initiatives and investments. By leveraging technological advancements, companies are enhancing their product offerings to meet the evolving needs of waste management operations. Through the development of electric and hybrid garbage trucks, these companies are addressing environmental concerns while also providing cost-effective solutions for customers. Additionally, partnerships with municipalities and waste management firms enable companies to establish a strong foothold in local markets, driving sales and fostering long-term relationships with clients.

Through ongoing marketing strategies and participation in industry events, companies are raising awareness of their brand and products within the garbage truck industry. By highlighting the reliability, efficiency, and sustainability of their offerings, these companies are attracting new customers and expanding their customer base. Furthermore, investments in distribution networks and after-sales services ensure that customers receive comprehensive support throughout the lifecycle of their garbage trucks, further solidifying the company's reputation and market presence.

Garbage Truck Market Companies

Major companies operating in the garbage truck industry are:

Dongfeng Motor Corporation Ltd.
FULONGMA GROUP Co.,Ltd.
Heil Environmental
Kirchhoff Group
Mack Trucks (AB Voloo)
McNeilus Truck and Manufacturing Inc.
Peterbilt
Shandong Wuzheng Group Co., Ltd.
Terberg Environmental
XCMG Group

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of garbage truck reached USD 14.6 billion in 2023 and is set to grow at over 4.5% CAGR from 2024 to 2032, attributed to growing industrialization, in line with stringent regulatory requirements aimed at proper waste management and environmental sustainability.

Rear loader garbage truck segment size generated over USD 5 billion in 2023, due to their versatility in urban and suburban settings.

Demand for diesel garbage trucks is anticipated to register over 4% CAGR from 2024 to 2032, owing to their robust performance and efficiency.

Some of the leading market players include Autocar LLC, Dennis Eagle Inc., FAUN Umwelttechnik GmbH & Co. KG, FULONGMA GROUP Co., Ltd., Heil Environmental, Kirchhoff Group, Labrie Group, McNeilus Truck and Manufacturing Inc., New Way Trucks, Mack Trucks, Shandong Wuzheng Group Co., Ltd., and XCMG Group.