Home > Automotive > Mobility > Commercial Vehicles > Rear Loader Trucks Market

Rear Loader Trucks Market Share

Report ID: GMI9495
Published Date: May 2024
Report Format: PDF

Download Free Sample

Rear Loader Trucks Market Share

Heil Environmental and McNeilus Truck & Manufacturing held a significant market share in the rear loader trucks industry in 2023. Heil Environmental focuses on collaborating with municipalities and waste management companies, which helps the company to understand market needs and tailor its rear loader trucks to specific requirements. By forming strategic partnerships, the company also co-develops solutions, secure contracts, and gain access to new customers and markets.

McNeilus invests heavily in research and development of advanced technologies to differentiate McNeilus's rear loader trucks and drive innovation. This includes incorporating digitalization, telematics, and automation solutions to improve fleet management, optimize operational efficiency, and enhance customer value proposition.

Rear Loader Trucks Market Companies

Major companies operating in the rear loader trucks industry are:

Heil Environmental
Labrie Enviroquip Group
Marathon Equipment
McNeilus Truck & Manufacturing
New Way Trucks
Petersen Industries
Precision Truck Bodies
Scrapper Industries
Thrust Products
Wastequip

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of rear loader trucks reached USD 5.6 billion in 2023 and is set to witness 3% CAGR from 2024 to 2032, owing to the urbanization and industrial growth, along with stringent regulatory requirements aimed at proper waste management and environmental sustainability worldwide.

The diesel segment held over 60% share in 2023, due to their usage in heavy-duty waste collection tasks, including collecting, and compacting solid waste and bulky items.

Asia Pacific market accounted for 40% share in 2023, attributed to increasing government initiatives aimed at improving waste management infrastructure and environmental sustainability in the region.

Heil Environmental, Labrie Enviroquip Group, Marathon Equipment, McNeilus Truck & Manufacturing, New Way Trucks, Petersen Industries, Precision Truck Bodies, Scrapper Industries, Thrust Products, and Wastequip, are some of the major rear loader trucks companies worldwide.