Lucintel's latest market report analyzed that waste or garbage collection vehicle provides attractive opportunities in the light duty vehicle, medium duty vehicle and heavy duty vehicle markets. The waste or garbage collection vehicle market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, rear loaders is the largest segment by loader type, whereas medium duty vehicle is largest by vehicle type.

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Based on loader type, the waste or garbage collection vehicle market is segmented into front loader, rear loader, automated side loader, and others. The rear loaders segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its teardrop-shaped form, it is considered as an excellent option for crowded metropolitan locations. It also reduces the probability of work injuries and crashes.

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The Waste or Garbage Collection Vehicle Market is marked by the presence of several big and small players. Some of the prominent players offering waste or garbage collection vehicle include Zoomlion Heavy Industry Science & Technology, Dongfeng Motor, Heil - An Environmental Solutions Group, PAK-MOR, Daimler, The Autocar Company, EZ-Pack Refuse Hauling Solutions, Bridgeport Manufacturing, Geesinknorba, and McNeilus Truck & Manufacturing.

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