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Rear Loader Trucks Market Trends

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

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Rear Loader Trucks Market Trends

Innovations in rear loader truck design, such as improved compaction systems, automated lifting mechanisms, and onboard telematics to enhance operational efficiency, productivity, and safety. Automation and robotics technologies are increasingly integrated into rear loader trucks to smoothen the waste collection processes. Automated lifting mechanisms, robotic arms, and grabbers enable trucks to autonomously lift and empty waste bins, reducing the manual labor required by operators and improving productivity.

Rear loader trucks manufacturers are breaking new ground in the refuse truck industry around integration of new technologies in their trucks. For instance, in February 2023, McNeilus Truck and Manufacturing, Inc., an Oshkosh Corporation company continues to innovate within the waste management sector around connected solutions, electrification technologies and autonomy. The company is coming up with new technology to transform the manufacturing process of refuse collection vehicles on a large scale.

The company ramped up production on the modern manufacturing line. The high flow line features various Industry 4.0 technologies including autonomous robotics, a cloud-based manufacturing execution system (MES) and connected tooling. The company has initial focus on building Mcneilus rear loader products.

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.