Europe Garbage Truck Market Trends, Revenue, Share, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033


Europe Garbage Truck Market Trends, Revenue, Share, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033: SPER Market Research

 Published: Nov-2023
 Author: SPER Analyst

Europe Garbage Truck Market is projected to be worth USD 1.52 billion by 2033 and is anticipated to surge at a CAGR of 3.82%.

In waste management vehicles, garbage truck bodies are essential because they collect and transport waste from different locations—such as residential, commercial, and industrial areas—to disposal sites. Strong materials like steel or aluminium are used to construct these bodies, which also include features like loading systems, compactors, and hydraulics. They are available in a variety of configurations, including side, front, and rear loaders, to satisfy different garbage collection needs.

Europe Garbage Truck Market Driving Factors and Challenges
A great deal of attention has been paid to waste management techniques as a result of rising awareness of the damaging effects incorrect trash disposal has on the environment. Governments and organisations are making investments in garbage truck bodies and other cutting-edge waste collection methods to guarantee effective and long-lasting waste management. According to recent industry developments, there is an increasing need for hydrogen fuel cell technology to be developed and integrated for waste collecting vehicles in Europe. A common objective of the local government and industrial participants is to lessen the environmental impact of municipal solid waste. The increasing integration of hydrogen fuel cell technology into garbage trucks is a trend observed in Europe as a result, and this could lead to opportunities to expand the demand for these vehicles. Carbon emissions are increased by the substantial fuel and energy consumption of rubbish collection vehicles when they regularly pick up garbage. To minimise their reliance on fossil fuels and their associated negative environmental effects, the governments of Central Europe plan to utilise garbage trucks driven by alternative energy. 

Despite the industry's many benefits, a number of restraints are expected to impede the growth of the garbage truck market in Europe throughout the course of the forecast period. Garbage truck bodies are linked to emissions and noise pollution even if they aid in recycling and trash management. There is growing demand to provide more sustainable and ecologically friendly solutions as a result of these worries. Additionally, the growing concern of the world's democracies is rising carbon emissions. Some industries focus on developing and applying cutting-edge technology to reduce their carbon impact. These include replacing fossil fuels with renewable fuel sources and moving to electric trucks. To attain carbon neutrality in waste disposal, local governments in Europe are employing hydrogen fuel cell and compressed natural gas (CNG)-powered electric trucks. Because fewer IC engines are being used, it has hampered the growth of the garbage truck industry in this region. 

Impact of COVID-19 on Europe Garbage Truck Market
The demand for garbage truck bodies was greatly impacted by the Covid-19 pandemic. Production and delivery were impacted by global supply chain disruptions brought on by manufacturing limitations, transportation issues, and shortages of raw materials. Garbage truck body demand was impacted by a brief decrease in waste generation caused by lockdowns and a reduction in business activity. Touchless mechanisms and enhanced sanitation are among the aspects that have generated interest because to the pandemic's emphasis on hygiene and safety in garbage collection. Healthcare waste management has become increasingly important, which has forced manufacturers to adjust and provide specific garbage truck bodywork. The market is anticipated to pick up steam as economies grow, emphasising effective and sustainable waste management techniques.

Europe Garbage Truck Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Dennis Eagle, FAUN Umwelttechnik GmbH & Co. KG, Mercedes-Benz, NTM-GB LTD, Perlini, Portofin - Industrial and municipal equipment, PreZero, Renault, Volvo, Zoeller Kipper GmbH, Others.

Europe Garbage Truck Market Segmentation:

By Product Type: Based on the Product Type, Europe Garbage Truck Market is segmented as; Front Loaders, Rear Loaders, Side Loaders.

By Application: Based on the Application, Europe Garbage Truck Market is segmented as; Building & Mining Industry, Urban Garbage Treatment, Others.

By Region: This research also includes data for France, Germany, Italy, Scandinavia, Spain, U.K., Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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