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Recycling Trucks Market Share

Report ID: GMI9373
Published Date: May 2024
Report Format: PDF

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Recycling Trucks Market Share

WM Intellectual Property Holdings, L.L.C. and Heil - An Environmental Solutions Group Company hold a significant market share of over 16% in the recycling trucks industry. Numerous companies endeavor to create recycling trucks featuring cutting-edge waste sorting technologies, incorporating automated sorting systems, optical sensors, and AI-powered algorithms to enhance recycling efficiency and reduce contamination. These trucks are designed with flexible and modular configurations capable of handling diverse recyclable materials, such as paper, plastic, glass, and metals, facilitating efficient collection and separation operations.

Certain companies offer customization choices and flexible setups for recycling trucks, tailored to meet individual customer needs such as bin size compatibility, collection frequency, and route optimization functionalities.

Recycling Trucks Market Companies

Major companies operating in the recycling trucks industry are:

Amrep Inc.
Daimler Truck AG.
Dennis Eagle
Faun Umwelttechnik GmbH & Co. KG
Heil - An Environmental Solutions Group Company
Labrie Trucks.
McNeilus Truck and Manufacturing, Inc.
Schwarze Industries
Volvo Trucks
WM Intellectual Property Holdings, L.L.C.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of recycling trucks reached USD 7.6 billion in 2023 and is set to witness 6% CAGR from 2024 to 2032, owing to the growing importance of effective waste management practices worldwide.

Recycling trucks industry from the rear loaders segment is expected to exceed USD 5 billion by 2032, due to their design enabling effective functioning in both urban regions with tight streets and suburban districts with broader roadways.

The U.S. market held over 36% share in 2023, attributed to the rising emphasis on sustainability, with more firms and consumers adopting environment-friendly activities in the region.

Amrep Inc., Faun Umwelttechnik GmbH & Co. KG, Heil - An Environmental Solutions Group Company, Labrie Trucks., McNeilus Truck and Manufacturing, Inc., Schwarze Industries, Volvo Trucks, and WM Intellectual Property Holdings, L.L.C., are some of the major recycling trucks companies worldwide.